BRIEF: Surging gold prices lift Wanguo Gold to $196 million profit in 2025
Gold miner Wanguo Gold Group Ltd. (3939.HK) on Wednesday reported its revenue surged 68.5% year-over-year to 3.16 billion yuan ($460 million) in 2025, while its profit jumped 135.5% to 1.35 billion yuan.
Wanguo attributed the big profit increase to surging gold prices, which boosted its margins from sales of high-margin gold bars and gold concentrates. The company’s gross profit margin rose 21.1 percentage points year-on-year to reach 74.3% last year.
Wanguo forecast that a restructuring of the global order and elevated U.S. debt will continue to support precious metal prices. It expressed confidence that the current rally in both precious and industrial metals will persist.
Shares of Wanguo Gold opened down 4.7% at HK$13.80 on Thursday. The stock now trades at four times the level of its 52-week low.
By Lau Chi Hang
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