BRIEF: Shandong Gold profit surges in first half of 2025
Gold producer Shandong Gold Mining Co. Ltd. (1787.HK; 600547.SH) announced on Monday that it expects to report an interim net profit of 2.55 billion yuan ($356 million) to 3.05 billion yuan for the first half of 2025, up 84.3% to 120.5% compared to the same period in 2024.
The company also forecasts its net profit attributable to shareholders, excluding non-recurring gains and losses, to reach 2.55 billion yuan to 3.05 billion yuan, up 80.3% to 115.6% year-on-year.
Shandong Gold attributed the strong performance to more efficient production planning, refined management, and improvements in its operational efficiency and resource utilization. Higher gold prices also significantly boosted its profitability.
Shandong Gold’s shares opened flat on Tuesday, and closed at HK$26.50, down 1.6% by the midday break. The stock is up 36% so far this year.
By Lee Shih Ta
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