On August 27, LINGBAO GOLD rose 5.19% in regular trading, trading at HK$24.22/share, with turnover of HK$227 million.

On the news front, the company released its interim results on the evening of August 26, reporting revenue of approximately RMB 7.988 billion for the first half of the year, up 2.51% year-over-year. Profit attributable to shareholders reached RMB 972 million, a 46.45% increase, while net profit surged 50.36% to approximately RMB 1.007 billion. The strong earnings growth was primarily driven by higher gold prices, effective cost-reduction measures, and the consolidation of the Simberi gold mine in Papua New Guinea following the completion of the subscription transaction.

The company noted that a fair value change loss of approximately RMB 249 million on convertible bonds, a non-cash item, significantly offset core business profits. Within the Gold sector, peers showed broad gains, with ZHAOJIN MINING up 3.16%, CHIFENG GOLD up 2.82%, ZIJIN GOLD INTL up 2.67%, CHINAGOLDINTL up 1.72%, and SD GOLD up 1.28%.

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