Core Viewpoint - Lingbao Gold (03330) expects to achieve a net profit of no less than RMB 380 million in the third quarter of 2025, driven by continuous optimization of production organization and scheduling, strict implementation of cost reduction and efficiency enhancement measures, and favorable factors from rising gold market prices [1] Group 1 - The company is focusing on optimizing production organization and scheduling to improve operational efficiency [1] - Cost reduction and efficiency enhancement measures are being strictly implemented, contributing to overall performance improvement [1] - The rise in gold market prices is positively impacting the company's overall effectiveness [1]

Core Viewpoint - Lingbao Gold (03330) expects to achieve a net profit of no less than RMB 380 million by the third quarter of 2025, driven by continuous optimization of production organization and scheduling, strict implementation of cost reduction and efficiency enhancement measures, and favorable factors from rising gold market prices [1] Group 1 - The company anticipates significant improvement in overall efficiency due to operational enhancements [1] - The expected net profit is attributed to both internal operational strategies and external market conditions [1]

Core Viewpoint - Lingbao Gold (03330.HK) expects to achieve a net profit of no less than RMB 380 million in the third quarter of 2025, driven by continuous optimization of production organization and scheduling, strict implementation of cost reduction and efficiency enhancement measures, and favorable factors from rising gold market prices [1] Group 1 - The company anticipates a significant improvement in overall efficiency due to operational enhancements [1] - The expected net profit reflects the positive impact of both internal operational strategies and external market conditions [1] - The rise in gold market prices is identified as a contributing factor to the company's improved financial outlook [1]

（於中華人民共和國註冊成立的股份有限公司） （股份代號：3330） Lingbao Gold Group Company Ltd. 靈寶黃金集團股份有限公司 正面盈利預告 本公告乃靈寶黃金集團股份有限公司（「本公司」，連同其附屬公司統稱「本集團」）根 據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09(2)(a)條及證券及期 貨條例（香港法例第571章）第XIVA部項下內幕消息條文（定義見上市規則）而作出。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 承董事會命 靈寶黃金集團股份有限公司 主席 陳建正 中國河南省，2025年10月29日 於本公告日期，董事會包括五名執行董事，即陳建正先生、邢江澤先生、何成群先 生、吳黎明先生及趙理女士；兩名非執行董事，即張飛虎先生及王冠然先生；及四 名獨立非執行董事，即楊志達先生、陳聰發先生、薄少川先生及郭新生先生。 – 2 – 本公司欣然知會本公司股東（「股東」）及本公司有意投資者，根據對本集團截 ...

Core Points - The article discusses the recent developments regarding the auction of 73,540,620 shares of Lingbao Gold by the Gongqingcheng Mingchu Investment Partnership, which faced legal challenges after the auction [1][3][5]. Group 1: Auction Details - The Gongqingcheng Partnership successfully bid 195 million RMB for the shares on March 18, 2023, after a failed first auction in January 2023 where the starting price was 212 million RMB [1][3][5]. - The shares were initially assessed at a value of 249 million RMB, with the auction prices set at 70% and 80% of the assessed value for the first and second auctions, respectively [5][6]. - The auction was conducted on Alibaba's platform, and the transaction was confirmed with a successful bidding certificate [3][5]. Group 2: Legal Challenges - Lingbao State-owned Assets Company raised objections to the auction, claiming the shares were undervalued and that they had not received the assessment report [3][5][6]. - A hearing was held in early April 2023 to address the execution objections raised by Lingbao State-owned Assets Company [5][6]. - The court issued a temporary suspension of the auction execution process due to the complexity of the case, extending the suspension multiple times [7][8]. Group 3: Financial Implications - The Gongqingcheng Partnership reported financial losses due to the ongoing legal disputes, estimating losses in the millions as the auction funds were tied up [8]. - The partnership received a refund of the auction amount on October 27, 2023, but returned the funds to the court, insisting on the execution of the auction [1][8].

Core Viewpoint - The Hong Kong stock market experienced a decline, with the Hang Seng Index falling by 0.33% and the Hang Seng Tech Index dropping by 1.26% [1] Group 1: Market Performance - The Hang Seng Index closed down by 0.33% [1] - The Hang Seng Tech Index saw a decrease of 1.26% [1] Group 2: Sector Performance - Gold-related stocks were among the worst performers, with Chifeng Jilong Gold Mining Co. falling over 6% [1] - Zijin Mining Group, Tongguan Gold, and Lingbao Gold also experienced declines of over 5% [1]

Core Viewpoint - The continuous decline in spot gold prices has negatively impacted Hong Kong-listed gold stocks, with significant drops observed across various companies [1]. Group 1: Market Performance - Spot gold prices fell by 3.05% overnight, dropping below $3990 per ounce, and further declined to below $3980 per ounce during the Asian trading session [1]. - The decline in gold prices is attributed to easing trade tensions, which reduced demand for safe-haven assets [1]. Group 2: Company Stock Performance - China Silver Group saw a decline of nearly 5%, while Tongguan Gold dropped nearly 3% [1]. - Other notable declines include: - Zhaojin Mining down 2.52% - Zijin Mining down 2.55% - Chifeng Jilong Gold down 2.25% - China Gold International down 2.00% - Zijin Gold International down 2.04% - Lingbao Gold down 1.61% - Shandong Gold down 1.73% [1]. Group 3: Future Price Expectations - Analysts from Capital Economics have downgraded their gold price forecast, predicting a drop to $3500 per ounce by the end of next year, indicating a potential decline of over 12% from current levels [1].

Group 1 - The core viewpoint indicates that after experiencing the largest single-day drop in nearly 12 years, gold prices continued to decline, approaching the $4000 per ounce mark [1] - Citibank has shifted its outlook on gold from bullish to bearish, setting a target price of $4000 per ounce for the next 0-3 months [1] - CITIC Securities noted that silver trading is overheated, suggesting a slowdown in bullish momentum for both gold and silver [1] Group 2 - As of the latest update, spot gold was reported at $4080.27 per ounce, down 0.45% [1] - Gold stocks have continued to decline, with China Silver Group down 6.06% to HKD 0.62, Lingbao Gold down 4.17% to HKD 16.53, China Gold International down 4.07% to HKD 122.6, and Zijin Gold International down 3.35% to HKD 126.9 [2]

Core Viewpoint - The Hong Kong gold stocks experienced a decline, with several companies reporting significant drops in their stock prices [1] Company Performance - Lingbao Gold, Zhaojin Mining, and China Gold International all fell by over 4% [1] - Shandong Gold and Tongguan Gold saw declines of more than 3% [1]

Group 1 - Gold stocks continue to decline, with China Silver Group (00815.HK) down 6.06% to HKD 0.62 [1] - Lingbao Gold (03330.HK) decreased by 4.17%, trading at HKD 16.53 [1] - China Gold International (02099.HK) fell 4.07%, now priced at HKD 122.6 [1] - Zijin Mining International (02259.HK) dropped 3.35%, currently at HKD 126.9 [1]