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。 ...

Group 1 - Chifeng Gold (06693) shares rose over 3%, currently up 3.09% at HKD 29.4, with a trading volume of HKD 235 million [1] - The company plans to hold a board meeting on October 24 to consider and approve the unaudited Q3 2025 results for the nine months ending September 30, 2025 [1] - On October 23, spot gold prices surged, reaching USD 4,130 per ounce, recovering over USD 60 from the daily low [1] Group 2 - Goldman Sachs maintains its forecast for gold to reach USD 4,900 per ounce by the end of 2026, citing increasing market interest in gold as a strategic diversification tool [1] - The risk of gold prices exceeding the USD 4,900 target by the end of 2026 is considered to be rising [1]

Core Viewpoint - The Hong Kong gold stocks continue to decline, with significant drops in major companies, reflecting a broader trend in the precious metals market as gold and silver prices experience a downturn [1] Group 1: Market Performance - China Silver Group saw a sharp decline of 6%, while Zhaojin Mining and Shandong Gold fell nearly 4%, with Shandong Gold's cumulative drop exceeding 20% over the past eight days [1] - Other companies such as China National Gold and Zhu Feng Gold also experienced declines of over 3%, while Tongguan Gold, Zijin Mining, Chifeng Jilong Gold, and Lingbao Gold all dropped more than 2% [1] Group 2: Price Movements - In the Asian market, gold prices continued to adjust, reaching $4,070 per ounce, down 0.77%, while silver prices fell by 1% to $47.96 per ounce [1] - The Sukdun Financial Research team noted that the decline in precious metal prices may reflect profit-taking and a decrease in safe-haven fund flows rather than movements in U.S. Treasury yields [1] Group 3: Market Reactions - Many gold retailers expressed shock at the volatility of gold prices, reporting a decrease in transaction volumes due to the recent price adjustments [1] - The recent drop in gold prices has also cooled the previously active gold recycling market, with some retailers noting a lack of interest in silver products following a significant price drop [1]

Group 1 - The core point of the news is that southbound funds have reduced their holdings in Chifeng Jilong Gold Mining Co., Ltd. by 2.1 million shares on October 22, 2025, marking a decrease of 1.86% [1] - Over the past five trading days, there have been two days of net reductions in holdings, totaling 2.03 million shares [1] - In the last 20 trading days, southbound funds have increased their holdings on 14 days, with a cumulative net increase of 5.50 million shares [1] Group 2 - As of now, southbound funds hold 111 million shares of Chifeng Jilong Gold, which represents 46.93% of the company's total issued ordinary shares [1] - The company primarily engages in the mining, selection, and sales of gold, and also involves in the mining and smelting of zinc, lead, copper, and molybdenum [2] - The main products of the company include precious metals like gold and electrolytic copper, which are utilized across various sectors such as central banks, investment, jewelry, industrial applications, infrastructure, construction, and equipment manufacturing [2]

Group 1 - Gold stocks experienced a collective rebound in early trading, with notable increases in share prices: Zhaojin Mining rose by 4.91% to HKD 32.02, Zijin Mining increased by 3.33% to HKD 33.56, Shandong Gold rose by 2.35% to HKD 36.56, Lingbao Gold increased by 2.18% to HKD 19.22, and Chifeng Jilong Gold rose by 1.81% to HKD 30.3 [3] - The surge in gold prices was driven by ongoing concerns over a potential U.S. government shutdown, leading to increased market expectations for a Federal Reserve rate cut and central banks globally increasing their gold holdings [3] - As of the close, the December gold futures price on the New York Mercantile Exchange reached USD 4,359.4 per ounce, marking a 3.47% increase [3] Group 2 - HSBC's recent commodity outlook report indicates that the upward momentum for gold is expected to continue until 2026, supported by strong gold purchases from central banks, ongoing fiscal concerns in the U.S., and expectations for further monetary easing [3] - The target price for gold set by HSBC is USD 5,000 per ounce, reflecting the anticipated sustained demand and market conditions [3]

Core Viewpoint - The significant drop in international gold prices has led to a collective decline in Hong Kong gold stocks, with major companies experiencing substantial losses [2][4]. Group 1: Market Performance - As of the report, major gold stocks in Hong Kong faced severe declines, with China Silver Group down 8.33%, Zhaojin Mining down 5.70%, Lingbao Gold down 5.25%, and Shandong Gold down 4.91% [2][3]. - The COMEX gold futures experienced a notable drop of 5.39%, closing at $4,138.50 per ounce, while spot gold fell by 5.29% to $4,125.79 [4]. Group 2: Price Dynamics - The recent plunge in gold prices occurred after a year-to-date increase of over 60%, starting from $2,651 per ounce and surpassing the $4,000 psychological barrier [7]. - The decline is attributed to two main factors: technical adjustment pressures due to overbought conditions and a reduction in demand for gold as a safe-haven asset amid improving international trade tensions [7]. Group 3: Long-term Outlook - Despite short-term volatility, many institutions maintain a positive outlook on gold's long-term value and potential for price increases [8]. - Deutsche Bank's report indicates that the proportion of "foreign exchange + gold" in global official reserves has risen from 24% to 30%, suggesting that gold prices could theoretically reach $5,790 per ounce if it aligns more closely with the dollar [8][9]. - A survey by the World Gold Council reveals that 95% of central banks plan to increase their gold holdings in the next 12 months, with global central bank net purchases of gold in 2024 reaching 1,136 tons, second only to historical peaks [9].