Chifeng Gold (06693) slid more than 3% in Hong Kong trading, dropping 3.47% to HKD 25 by press time. Trading activity remained robust with turnover hitting HKD 245 million.
This decline unfolded as the miner unveiled an optimistic earnings outlook. The company projects first-half 2025 net profit attributable to shareholders will reach RMB 1.08 billion to RMB 1.13 billion – a striking 52.01% to 59.04% year-on-year leap.
Second-quarter performance proved particularly strong, with anticipated net profit between RMB 597 million and RMB 647 million. This represents solid growth of 17% to 26.8% compared to last year's corresponding period.
Market attention now pivots to tonight's June CPI data release. Meanwhile, Maike Futures observed mixed signals across global markets. U.S. equities climbed during the prior session while Treasury yields inched upward alongside a strengthening dollar – indicators the brokerage interprets as reflecting economic stability.
Precious metals exhibited volatility, rallying before paring gains. Though tariff policies continue providing support, the sustainability of upward momentum requires further monitoring amid evolving macroeconomic conditions.
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