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].

Core Viewpoint - Gold stocks experienced a significant decline following a sharp drop in gold prices, influenced by recent developments in US-China trade relations and market sentiment towards gold investments [1] Group 1: Market Performance - As of the report, major gold stocks in Hong Kong opened lower, with China Gold International down 3.31% to HKD 125.7, Tongguan Gold down 2.92% to HKD 2.66, Shandong Gold down 1.73% to HKD 33, China Silver Group down 1.56% to HKD 0.63, and Chifeng Jilong Gold down 1.43% to HKD 28.96 [1] - On October 27, spot gold prices fell sharply by 3%, briefly dropping below the USD 3900 mark [1] Group 2: Influencing Factors - The decline in gold prices is attributed to a reduction in safe-haven demand following the establishment of a "substantial framework" in trade negotiations between the US and China, which included a temporary easing of 100% tariffs on Chinese goods [1] - According to CITIC Futures, the recent developments have led to a noticeable decrease in the demand for gold as a safe-haven asset, negatively impacting short-term gold price performance [1] Group 3: Investment Sentiment - A report from Shenwan Hongyuan Securities indicates that gold is no longer considered a wise investment choice in the short term, as the "long gold" position has become overcrowded according to a Bank of America survey [1] - High leverage in gold ETFs has resulted in a rapid price decline from historical highs, with current volatility severely affecting the risk-reward ratio for gold investments [1] - Despite the short-term outlook, the institution maintains that gold still holds long-term investment value [1]

Core Viewpoint - Chifeng Jilong Gold Mining Co., Ltd. (06693.HK) experienced a stock price increase of over 3% following its earnings report, with a current price of 30.18 HKD and a trading volume of 105 million HKD [1] Summary by Category - **Stock Performance** - The stock rose by 3.42% to reach 30.18 HKD [1] - The trading volume was reported at 1.05 billion HKD [1]

Core Viewpoint - Chifeng Jilong Gold Mining Company Limited (06693) experienced a stock price increase of over 3% following the release of its third-quarter earnings report, with a current trading price of HKD 30.18 and a transaction volume of HKD 105 million [1] Financial Performance Summary - For Q3, the company reported a revenue of CNY 3.372 billion, representing a year-on-year growth of 66.39% [1] - The net profit attributable to shareholders for Q3 was CNY 951 million, showing a significant year-on-year increase of 140.98% [1] - The basic earnings per share for Q3 stood at CNY 0.5 [1] Year-to-Date Performance Summary - From January to September, the company achieved a total revenue of CNY 8.644 billion, which is a year-on-year increase of 38.91% [1] - The net profit attributable to shareholders for the first nine months was CNY 2.058 billion, reflecting an 86.21% year-on-year growth [1] - The basic earnings per share for the first nine months was CNY 1.14 [1]

Core Insights - The report highlights significant changes in the Hong Kong Stock Connect holdings, with notable increases and decreases in ownership percentages for various companies [1][2]. Summary by Category Increased Holdings - China Aluminum International (02068) saw an increase of 4.32%, bringing its latest holding percentage to 20.94% [2]. - Shandong Molong (00568) experienced a 2.69% increase, with a current holding of 63.27% [2]. - Beijing Beichen Industrial Holdings (00588) increased by 2.59%, now holding 41.93% [2]. - In the last five trading days, Shandong Molong (00568) had the highest increase at 8.40%, with a holding of 63.27% [3]. - Other notable increases in the last five days include Ying En Bio-B (09606) at 7.65% and Derin Holdings (01709) at 5.55% [3]. Decreased Holdings - Dreamland (01119) reported a decrease of 1.69%, with a current holding of 13.11% [2]. - Chifeng Jilong Gold Mining (06693) decreased by 0.71%, now at 46.23% [2]. - Jiufang Zhitu Holdings (09636) saw a reduction of 0.55%, with a holding of 17.45% [2]. - In the last five trading days, Haotian International Investment (01341) had the largest decrease at -7.78%, now holding 51.05% [3]. - Other significant decreases include Ocean Park (02255) at -5.92% and Goldwind Technology (02208) at -3.19% [3]. Long-term Trends - Over the past 20 days, Canggang Railway (02169) had the highest increase at 31.12%, with a holding of 43.18% [4]. - The largest decrease over the same period was seen in Haotian International Investment (01341) at -9.50%, with a holding of 51.05% [4].

Core Viewpoint - Chifeng Jilong Gold Mining Co., Ltd. reported significant growth in its Q3 2025 financial results, indicating strong operational performance and profitability [1] Financial Performance - The company's operating revenue reached approximately RMB 3.372 billion, representing a year-on-year increase of 66.39% [1] - Total profit amounted to around RMB 1.432 billion, reflecting a year-on-year growth of 115.45% [1] - Net profit attributable to shareholders was approximately RMB 951 million, showing a year-on-year rise of 140.98% [1] - Basic earnings per share stood at RMB 0.50 [1]

智通财经APP讯，赤峰黃金(06693)发布第三季度业绩，营业收入33.72亿元，同比增长66.39%;归母净利 润9.51亿元，同比增长140.98%;基本每股收益0.5元。 1-9月，营业收入86.44亿元，同比增长38.91%;归母净利润20.58亿元，同比增长86.21%;基本每股收益 1.14元。 ...

Financial Performance - The company's operating revenue for the third quarter reached CNY 3,372,133,316.04, representing a year-on-year increase of 66.39%[10] - Total profit for the third quarter was CNY 1,431,772,929.63, marking a significant increase of 115.45% compared to the same period last year[10] - Net profit attributable to shareholders for the third quarter was CNY 951,080,888.09, reflecting a year-on-year growth of 140.98%[10] - The net cash flow from operating activities for the third quarter was CNY 1,422,908,792.64, an increase of 150.43% year-on-year[10] - Basic earnings per share for the third quarter were CNY 0.50, up 108.33% from the previous year[10] - Total operating revenue for the first three quarters of 2025 reached CNY 8,644,170,929, a 39% increase from CNY 6,222,830,630 in the same period of 2024[30] - Net profit for the first three quarters of 2025 was CNY 2,310,698,045.64, up 84% from CNY 1,254,012,180.84 in 2024[31] - Operating profit increased to CNY 3,302,429,799.68, compared to CNY 1,838,611,570.75 in the previous year, reflecting a growth of 80%[31] - Earnings per share for the first three quarters of 2025 was CNY 1.14, compared to CNY 0.67 in 2024, indicating a significant improvement[32] Assets and Liabilities - The company's total assets as of the end of the reporting period were CNY 23,471,227,000.09, a 15.46% increase from the previous year[11] - Total assets increased to CNY 23,471,227,000.09, up from CNY 20,328,568,613.12 in the previous year, marking an increase of approximately 11%[27] - Total liabilities decreased to CNY 7,945,907,234.73 from CNY 9,605,453,197.04, a reduction of about 17%[27] - The company's asset-liability ratio improved to 33.85%, down 13.40 percentage points from the previous year[11] - The net assets attributable to shareholders increased to CNY 12,520,819,595.71, representing a growth of 58.15% year-on-year[11] Cash Flow - The company reported a significant increase in cash flow from operating activities, totaling CNY 8,749,598,470.32, compared to CNY 6,601,356,000.38 in 2024, representing a growth of 32%[35] - Net cash flow from operating activities increased to $3.04 billion, up from $2.00 billion, representing a 51.6% increase year-over-year[36] - Total cash inflow from investment activities was $1.23 billion, compared to $793.80 million, marking a 55.0% increase[36] - Cash outflow for investment activities rose to $3.25 billion from $1.40 billion, resulting in a net cash flow from investment activities of -$2.01 billion, worsening from -$609.22 million[36] - Cash inflow from financing activities totaled $4.38 billion, significantly higher than $2.18 billion, reflecting a 100.5% increase[36] - Net cash flow from financing activities improved to $955.07 million, compared to a negative cash flow of -$580.06 million in the previous period[36] - The company's cash and cash equivalents at the end of the period reached $4.48 billion, up from $2.10 billion, indicating a 113.0% increase[37] Production and Sales - Production of mineral gold is 10,705.28 kg, with sales of 10,669.23 kg, reflecting a decrease of 0.41% in production and 2.56% in sales compared to the previous year[18] - The unit cost of mineral gold is 326.86 RMB per gram, an increase of 24.81% compared to the previous year[21] - Electrolytic copper production is 4,836.46 tons, with sales of 4,871.59 tons, showing an increase of 20.16% in production and 30.03% in sales year-on-year[20] - The sales price of copper concentrate is 23,147.67 RMB per ton, which is a significant increase of 136.43% compared to the previous year[20] - The unit cost of domestic gold mines is 169.16 RMB per gram, reflecting a decrease of 1.17% compared to the previous year[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 103,968[16] - The top 10 shareholders hold a total of 241,925,746 shares, with Li Jinyang and Yantai Hanfeng Zhongxing Management Consulting Center being the actual controllers[17] Financial Strategy and Future Outlook - The increase in key financial metrics is attributed to enhanced production organization and operational management, alongside a significant rise in gold prices[14] - The company plans to implement new accounting standards starting in 2025, which may affect financial reporting[38] - The board of directors of Chifeng Jilong Gold Mining Co., Ltd. announced these results on October 24, 2025[39]

Core Viewpoint - Chifeng Jilong Gold Mining Co., Ltd. (06693.HK) has seen its stock price increase by over 3%, currently trading at 29.4 HKD with a transaction volume of 235 million HKD [2] Summary by Category - **Stock Performance** - The stock price of Chifeng Jilong Gold has risen by 3.09% [2] - Current trading price is 29.4 HKD [2] - Total transaction volume reached 235 million HKD [2]

消息面上，赤峰黄金拟10月24日举行董事会，以（其中包括）考虑及批准公司及其附属公司截至2025年 9月30日止九个月的未经审计的2025年第三季度业绩及其发布。此外，10月23日下午，现货黄金拉升走 高，一度站上4130美元/盎司，较日低回升逾60美元。高盛在最新研报中维持黄金2026年底达到每盎司 4900美元的预测。该行表示，由于市场对黄金作为战略投资组合多元化工具的兴趣日益增长，我们仍然 认为到2026年底，金价突破4900美元预测目标的风险正在上升。 智通财经APP获悉，赤峰黄金(06693)转涨逾3%，截至发稿，涨3.09%，报29.4港元，成交额2.35亿港 元。 ...