PRECIOUS METALS | Chifeng Gold Expects First-Half Net Profit to Rise 54% to 61% Year on Year

Chifeng Gold said it expected its net profit for the first half of 2026 to be between 1.7 billion yuan and 1.78 billion yuan, up 54% to 61% year on year. According to Jin10, the company said net profit attributable to shareholders of the listed company, as well as net profit attributable to shareholders after excluding non-recurring gains and losses, both rose sharply year on year in the first half of 2026. Chifeng Gold attributed the improvement mainly to a sharp rise in gold prices compared with the same period a year earlier, saying its average gold selling price increased by about 43% year on year. The company also said it continued to strengthen production organization and operational management, which helped lift performance for the period.