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SHA:600988

7 stories mentioning SHA:600988Updated 13d ago

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Asia

Chifeng Jilong Gold Mining's Net Profit Climbs 56% in H1; Shares Sink 10%

Chifeng Jilong Gold Mining Group's (HKG:6693, SHA:600988) attributable net profit rose 56.5% to 1.73 billion yuan in the first six months of 2026, from 1.11 billion yuan a year ago, according to a Friday filing to the Hong Kong stock exchange.The gold producer's shares plunged nearly 10% in Monday's trade.Earnings per share came in at 0.92 yuan from 0.63 yuan a year earlier.The company's operating income increased 33.1% in the reported period to 7.02 billion yuan from 5.27 billion yuan a year ago.

HKG:6693SHA:600988
Sectors

Chifeng Gold-Xiamen Tungsten JV Suspends Operations in Laos Mine

The joint venture between Chifeng Jilong Gold Mining (SHA:600988) and Xiamen Tungsten suspended operations in its rare earth project in Laos, according to separate Saturday filings with the Shanghai Stock Exchange.Xiamen Chijinxia Tungsten Metal Resources halted operations at the Mengkang Rare Earth Project in Xiengkhouang Province temporarily to comply with regulatory requirements for rare earth development, Xiameng Tungsten said.Chifeng Jilong's board approved the suspension, it said in its filing.The mine is in trial production mode and has about 124.7 million tons of rare-earth ore reserves.The JV is uncertain when it will resume operations, Xiamen Tungsten said.Chifeng Jilong Gold Mining holds 51% of the JV, while Xiamen Tungsten holds 49%.

SHA:600549SHA:600988
Asia

Chifeng Gold Expects Up to 61% Growth in H1 Profit

Chifeng Jilong Gold Mining (SHA:600988, HKG:6693) expects attributable net profit of 1.70 billion yuan to 1.78 billion yuan for the six months ended June 30, up 54% to 61% from 1.11 billion yuan a year earlier, according to a Tuesday filing with the Hong Kong bourse.The company attributed the expected growth to a roughly 43% increase in the average selling price of gold from a year earlier, as well as stronger production and operational management.

HKG:6693SHA:600988
Asia

Chifeng Jilong Gold Says Unaware of Reason for Share Price Swings

Chifeng Jilong Gold Mining Group (SHA:600988, HKG:6693) said it is not aware of any undisclosed information that could explain the recent unusual movement in its share price, according to a Friday Hong Kong bourse filing.The company said its business operations remain normal and stable, although volatility in gold prices is expected to have some impact on its operating results.Chifeng added that its financial results for the six months ended June 30 are under review and that it will issue an interim profit alert if required.

HKG:6693SHA:600988
Asia

Chifeng Jilong Changes Name to Chifeng Jilong Gold Mining Group

Chifeng Jilong Gold Mining changed its English name to Chifeng Jilong Gold Mining Group (SHA:600988, HKG:6693), according to a Friday Hong Kong bourse filing.The move came following the relevant shareholder and regulatory approvals.

HKG:6693SHA:600988
Asia

Chifeng Jilong Gold Cuts Share Subscription Price Ahead of Dividend Record Date; Hong Kong Shares Drop 6%

Chifeng Jilong Gold Mining (SHA:600988, HKG:6693) adjusted the subscription price for its proposed issuance of new Hong Kong shares under a specific mandate to HK$29.82 per share from HK$30.19, according to a Tuesday bourse filing.Hong Kong-listed shares of the mining company were down over 6% in Wednesday's late morning trade.The company said the aggregate subscription price was reduced to about HK$9.27 billion from about HK$9.39 billion because the proposed investment will be completed on or after the 2025 ex-dividend date of May 19.Adjusted net proceeds from the proposed investment are estimated at HK$9.18 billion.Chifeng said the proceeds will be used for overseas mine expansion and exploration, overseas mining asset acquisitions, and general corporate purposes.

HKG:6693SHA:600988
Asia

Chifeng Jilong's Q1 Profit Soars 104%

Chifeng Jilong Gold Mining (SHA:600988, HKG:6693) recorded a 104% rise in attributable profit in the first quarter of 2025 to 988.2 million yuan from 483.4 million yuan in the year-ago period, according to a Friday Hong Kong bourse filing.The miner's earnings per share jumped to 0.52 yuan from 0.29 yuan in the corresponding period of the previous fiscal year.Operating income increased 48% to 3.55 billion yuan from 2.41 billion yuan a year prior.The firm attributed the positive performance to the optimization of production organization and operational management, allowing the firm to benefit from a year-over-year rise in goldselling price.

HKG:6693SHA:600988

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