3 stories mentioning SHA:600988
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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.
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.
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.