BRIEF: Shandong Gold’s profit doubles on high gold prices
Gold producer Shandong Gold Mining Co. Ltd. (1787.HK; 600547.SH) on Wednesday reported revenue of 56.77 billion yuan ($7.9 billion) for the first half of 2025, up 24.01% year-on-year, while its net profit jumped 102.98% to 2.81 billion yuan.
The company attributed the strong growth mainly to high gold prices and an increase in self-produced gold sales, boosting both its revenue and profit. Its gold production reached 24.71 tons in the latest six-month period, compared with 24.52 tons a year earlier, while sales of self-produced gold stood at 23.60 tons. Net operating cash flow totaled 10.50 billion yuan, up 81.7%, mainly due to higher net inflows from trading activities.
Looking ahead, the company noted that global political and economic uncertainties remain high, with safe-haven demand expected to continue supporting gold prices.
Shandong Gold’s stock opened higher on Thursday in Hong Kong, closing at HK$29 by the midday break, up 1.19%.
By Lee Shih Ta
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