就黄金价格表现而论，在包括全球央行持续增持、美国关税政策变化、地缘政治冲突、黄金现货短缺、 以及美国国债抛售潮等多重利好因素的共同催化下，年内黄金价格屡屡刷新历史记录。截至9月底，伦 敦现货黄金定盘价为3825.30美元/盎司，较年初上涨44.65%；上海黄金交易所Au9999黄金收盘价为 871.86元/克，较年初上涨42.00%，在全球大类资产中表现一骑绝尘。 置身于黄金历史级别大行情之中，港股黄金新贵企业大唐黄金（08299）交出了一份与其突出的成长潜 力高度匹配的财报成绩单。 11月12日晚间，大唐黄金发布截至2025年9月30日止6个月中期业绩。财报显示，2026财年上半财年公司 实现营收10.95亿港元，同比增加103.62%；毛利同比上升131.4%至1.15亿港元，对应毛利率达到 10.5%；同期，公司实现归母净利润4277.7万港元，同比更是劲增了201.12%。 | | | | (Unaudited) | | | --- | --- | --- | --- | --- | | | | | (未經審核) | | | | | | Six months ended | | | | | | 30 ...

金价节节攀高为大唐黄金业绩"爆量"创造了有利的外部条件，另外公司先前为扩大产能所做的长期努力的成效也在本报告期集中释放。时钟回拨至2023年， 当年8月大唐黄金及其附属公司收购了一条完整的黄金精炼生产线，后者配备有全套黄金精炼机器及辅助和支援设施，满产情况下每日黄金精矿冶炼产能可 达300吨。得益于该条生产线目前产能已接近设计产能，大唐黄金的业绩增长潜力也顺利得到了极大释放。 最新中报确认了大唐黄金基本面持续向好，而同样值得重视的是，公司的成长后劲很可能还远远没有释放完毕。根据大唐黄金中报，公司正计划通过持续的 挖掘太洲矿业现有生产矿山的内部潜力，以及开展一系列潜在矿业资产的收购，在未来几年里快速提升自身的黄金开采及生产产量。 在挖掘内部潜力方面，据悉报告期内太洲矿业已完成若干矿业开发工程，包括各类巷道掘进约25718米、斜坡道掘进约2057米、溜矿井掘进约3086米，以及 铺设轨道和水沟掘进约7715米。目前，太洲矿业的技术改造项目正按计划有序推进，随着改造工程接近尾声，产能料将逐步提升。 置身于黄金历史级别大行情之中，港股黄金新贵企业大唐黄金(08299)交出了一份与其突出的成长潜力高度匹配的财报成绩单。 ...

来源：新浪港股 公告称，收益增加是由于金价上涨及于2023年所收购的黄金及其他矿物精炼生产线的产能提升至更接近 设计产能所带动。 大唐黄金（08299）发布截至2025年9月30日止6个月中期业绩，该公司取得收益约10.95亿港元，同比增 加约103.62%；本公司权益持有人期间应占溢利约4277.7万港元，同比增加约201.12%；每股基本盈利 0.58港仙。 ...

Core Viewpoint - 大唐黄金 (08299) reported a significant increase in revenue and profit for the six months ending September 30, 2025, driven by rising gold prices and enhanced production capacity from recent acquisitions [1] Financial Performance - The company achieved revenue of approximately HKD 1.095 billion, representing a year-on-year increase of about 103.62% [1] - Profit attributable to equity holders for the period was approximately HKD 42.77 million, reflecting a year-on-year increase of about 201.12% [1] - Basic earnings per share were reported at HKD 0.58 [1] Operational Factors - The increase in revenue was attributed to the rise in gold prices and the ramp-up of production capacity from gold and other mineral refining production lines acquired in 2023, which are now closer to their designed capacity [1]

Core Viewpoint - 大唐黄金 (08299) reported a significant increase in revenue and profit for the six months ending September 30, 2025, driven by rising gold prices and enhanced production capacity from recent acquisitions [1] Financial Performance - The company achieved revenue of approximately HKD 1.095 billion, representing a year-on-year increase of about 103.62% [1] - Profit attributable to equity holders for the period was approximately HKD 42.77 million, reflecting a year-on-year increase of about 201.12% [1] - Basic earnings per share were reported at HKD 0.58 cents [1] Operational Factors - The increase in revenue was attributed to the rise in gold prices and the ramp-up of production capacity from gold and other mineral refining production lines acquired in 2023, which are now closer to their designed capacity [1]

（Stock Code 股份代號：8299） NOTIFI CATIO N LETTER 通 知 信 函 Dear Non-registered Shareholder (Note 1) GT Gold Holdings Limited 大 唐 黃 金 控 股 有 限 公 司 （ Incorporated in the Cayman Islands with limited liability ） （於開曼群島註冊成立之有限公司） , 20 November 2025 The following document(s) of GT Gold Holdings Limited (the "Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at http://www.gt-gold.com and The Stock Exchange of Hong Kong Limited at www.hkexnews.hk (collectively the ...

GT GOLD HOLDINGS LIMITED 大 唐 黃 金 控 股 有 限 公 司 （ Incorporated in the Cayman Islands with limited liability ） （於開曼群島註冊成立之有限公司） NOTIFICATION LETTER 通 知 信 函 Dear registered shareholder(s), 20 November 2025 The following document(s) of GT Gold Holdings Limited (the "Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at http://www.gt-gold.com and The Stock Exchange of Hong Kong Limited at www.hkexnews.hk (collectively the "Websites"):- • Interim Report 2025 ...

Financial Performance - Revenue for the six months ended September 30, 2025, was HK$1,094,789,000, representing an increase of 103% compared to HK$537,669,000 for the same period in 2024[19]. - Gross profit for the same period was HK$115,056,000, up 131% from HK$49,717,000 in the previous year[19]. - Profit before tax increased to HK$80,966,000, a 170% rise from HK$29,935,000 in the prior year[19]. - Profit for the period attributable to equity holders of the Company was HK$42,777,000, compared to HK$14,206,000 in the same period last year, marking a 201% increase[19]. - Basic earnings per share for the period was HK$0.58, up from HK$0.21 in the previous year[19]. - Non-controlling interest profit for the period was HK$23,442,000, compared to HK$9,648,000 in the same period last year, reflecting a 143% increase[19]. - Operating results improved to HK$84,539,000, a 148% increase from HK$34,118,000 in the previous year[19]. - Profit for the period increased to HK$66,219,000, up 177.5% from HK$23,854,000 in the same period last year[21]. - Total comprehensive profit for the period reached HK$80,206,000, compared to HK$24,773,000, representing a growth of 223.5%[21]. Assets and Liabilities - Equity attributable to the owners of the Company rose to HK$698,827,000, an increase from HK$641,865,000, reflecting a growth of 8.8%[25]. - Non-current assets increased to HK$1,253,767,000, up from HK$1,114,900,000, marking a rise of 12.5%[23]. - Current assets decreased slightly to HK$558,013,000 from HK$564,256,000, a decline of 1.1%[23]. - Net current assets decreased to HK$12,497,000 from HK$19,614,000, a drop of 36.3%[25]. - Total assets less current liabilities increased to HK$1,266,264,000 from HK$1,134,514,000, an increase of 11.6%[25]. - Cash and bank balances decreased to HK$13,820,000 from HK$29,481,000, a decline of 53.1%[23]. Expenses - Administrative expenses rose to HK$23,083,000 from HK$17,965,000, indicating a 28% increase[19]. - Selling and distribution expenses increased to HK$7,552,000 from HK$5,122,000, a rise of 47%[19]. - Operating expenses totaled HK$30,635, an increase from HK$23,087, indicating a rise of 33% year-over-year[45]. - Income tax expense for the period was HK$14,747, compared to HK$6,081 in the previous year, reflecting an increase of 143%[59]. Cash Flow - Net cash generated from operating activities decreased to HK$67,755,000 from HK$121,917,000, reflecting a decline of approximately 44.4%[31]. - Cash and cash equivalents at the end of the period were HK$13,817,000, down from HK$68,403,000, marking a decrease of about 79.8%[31]. - The net cash used in investing activities increased significantly to HK$147,612,000 from HK$49,000,000, indicating a rise of approximately 200%[31]. - The company reported a net cash inflow from financing activities of HK$64,364,000, compared to a cash outflow of HK$24,723,000 in the previous period[31]. Share Capital and Equity - The Company issued share options valued at HK$910,000 during the period[27]. - The company issued new shares amounting to HK$41,180,000 during the period[29]. - The total equity attributable to equity holders of the company increased to HK$685,136,000 as of September 30, 2024, from HK$506,651,000 at the beginning of the period[29]. - The Group issued 1,038,600,000 new shares at a price of HK$0.275 per share on October 3, 2025, increasing the total number of issued shares to 8,466,801,720[101]. Operational Highlights - The company operates primarily in gold exploration, mining, and processing, with its principal activities focused on producing gold concentrates and gold ingots[33]. - The Group had two operating segments: Gold Mining Division and Corporate Division, with segment results excluding finance costs[41]. - Segment revenue for external customers in Gold Mining reached HK$1,094,789, a significant increase of 103% compared to HK$537,669 in the same period last year[45]. - Capital expenditure for the period was HK$147,611, significantly higher than HK$52,104 in the previous year, marking an increase of 183%[45]. - The total expenditure for mine development and mineral exploration during the reporting period amounted to approximately HK$147.6 million[123]. - The aggregate expenditure on ore mining operations during the reporting period was approximately HK$26.6 million[124]. Strategic Initiatives - The Group aims to steadily and rapidly increase its gold mining and production output over the next few years through a robust growth strategy, including organic development and potential acquisitions[125][129]. - The Group is focusing on lower altitude/deep ground exploration in the Xiaoqinling Mountains, believed to have significant gold deposits[131][133]. - The Group has established an AI mining joint venture to enhance operational efficiency and diversify revenue streams through AI-driven mining models[134][136]. - The Group plans to venture into live-stream e-commerce for gold ornaments, targeting young, brand-conscious consumers[134][136]. Corporate Governance - The Company has adopted the Corporate Governance Code and complied with all Code Provisions during the Reporting Period, except for a specific deviation regarding the trading code for directors[148]. - The Group does not recommend the payment of an interim dividend for the six months ended September 30, 2025[83][89]. Share Option Scheme - The maximum number of share options available for grant under the Share Option Scheme is 149,678,216, representing 10% of the total shares in issue as of the approval date[158]. - The percentage of issued shares represented by the share options available under the Share Option Scheme is 2.0% as of the date of this report[158]. - The overall limit on the number of shares to be issued upon exercise of all outstanding options shall not exceed 30% of the shares in issue from time to time[159]. - The maximum number of shares that can be issued to each Participant upon exercise of options in any 12-month period is limited to 1% of the total number of shares in issue[160]. - The total number of share options granted during the year ended September 30, 2025, is not specified, indicating no new options were granted[182].

Financial Performance - Revenue for the six months ended September 30, 2025, reached HK$1,094,789, a significant increase of 103% compared to HK$537,669 in the same period of 2024[24]. - Gross profit for the period was HK$115,056, representing a gross margin of approximately 10.5%, up from HK$49,717 in 2024[24]. - Profit for the period attributable to equity holders of the Company was HK$42,777, a substantial increase of 201% from HK$14,206 in the previous year[24]. - Earnings per share (basic) increased to HK$0.58, compared to HK$0.21 for the same period in 2024, reflecting a growth of 176%[24]. - Total comprehensive profit for the period was HK$80,206, compared to HK$24,773 in 2024, marking an increase of 224%[26]. - For the six months ended September 30, 2025, net profit for the period was HK$14,206,000, compared to HK$9,648,000 for the same period in 2024, representing a 47.5% increase[34]. - The Group's total comprehensive income for the period was HK$13,467,000, compared to HK$11,206,000 in the previous year, an increase of 20.2%[34]. Assets and Liabilities - Non-current assets increased to HK$1,253,767 as of September 30, 2025, up from HK$1,114,900 as of March 31, 2025[28]. - Current assets decreased slightly to HK$558,013 from HK$564,256 as of March 31, 2025[28]. - Net assets rose to HK$830,665, an increase from HK$749,549 as of March 31, 2025, indicating a growth of 11%[30]. - The company’s total liabilities remained stable at HK$545,516 as of September 30, 2025, compared to HK$544,642 as of March 31, 2025[30]. - The current ratio as of 30 September 2025 was approximately 1.02, slightly down from approximately 1.04 as of 31 March 2025[96]. - The Group's gearing ratio increased to approximately 24.8% as of 30 September 2025, compared to approximately 15.5% as of 31 March 2025[96]. - The Group's debt-to-asset ratio increased to approximately 24.8% as of September 30, 2025, compared to 15.5% on March 31, 2025[100]. Cash Flow and Investments - Net cash generated from operating activities decreased to HK$67,755,000 from HK$121,917,000 year-over-year, a decline of 44.4%[36]. - Cash and cash equivalents at the end of the period were HK$13,817,000, down from HK$68,403,000, reflecting a decrease of 79.8%[36]. - The net cash used in investing activities was HK$147,612,000, significantly higher than HK$49,000,000 in the previous year[36]. - The Group's total expenditure for mine development and mineral exploration during the Reporting Period was approximately HK$147.6 million[128]. - Aggregate expenditure on ore mining operations during the Reporting Period was approximately HK$26.6 million[129]. Corporate Governance - The company confirmed that the information contained in the report is accurate and complete in all material respects, with no misleading or deceptive elements[10]. - The board of directors collectively accepts full responsibility for the report, ensuring compliance with the GEM Listing Rules[10]. - The report includes details about the company's corporate governance structure, including the board of directors and various committees[17]. - The Company has complied with all Code Provisions of the Corporate Governance Code during the Reporting Period, except for the separation of roles between the chairman and chief executive[155]. Shareholder Information - The Company issued new shares amounting to HK$41,180,000 during the period[34]. - The Group issued 1,038,600,000 new shares at a price of HK$0.275 per share, increasing the total number of issued shares to 8,466,801,720[106]. - The net proceeds from the Subscription amounted to approximately HK$41.1 million, with HK$35.5 million utilized by September 30, 2025[125]. - The Group aims to steadily and rapidly increase its gold mining and production output over the next few years through a robust growth strategy, including organic development and potential acquisitions[130]. Operational Highlights - The Group operates two segments: Gold Mining Division and Corporate Division, with segment results excluding finance costs[46]. - The Company’s principal activities include gold exploration, mining, mineral processing, and refinery, with gold concentrates and gold ingots as products[38]. - The Group's exploration program will continue in both permitted mining areas and potential acquisition areas, targeting additional gold resources and reserves[138]. - The Group has established an AI mining joint venture to enhance operational efficiency and diversify revenue streams, alongside plans to venture into live-stream e-commerce for gold ornaments[139]. Share Option Scheme - The Company has adopted the Share Option Scheme with a maximum of 149,678,216 options available for grant, representing 10% of the total shares issued as of September 27, 2021[163]. - The overall limit for shares issued upon exercise of all outstanding options under the Share Option Scheme shall not exceed 30% of the total shares in issue[164]. - The total number of shares available for issue under the Share Option Scheme is 89,806,930, representing 1.21% of the issued shares of the Company[180]. - The total number of share options granted during the year ended 30 September 2025 is shown in the report, with specific details on participants and exercise prices[186]. - The Company has not issued any shares in respect of options granted under the Share Option Scheme during the reporting period[181].

Core Viewpoint - 大唐黄金 (08299) is expected to report a significant increase in net profit for the six months ending September 30, 2025, with an anticipated rise of approximately 201.1% year-on-year, reaching around 42.8 million HKD [1] Financial Performance - The company forecasts an unaudited consolidated net profit attributable to shareholders of approximately 42.8 million HKD for the first half of 2025, marking a year-on-year increase of about 201.1% [1] - The increase in net profit is primarily attributed to growth in revenue and gross profit during the first half of 2025 [1] Corporate Actions - On October 10, 2025, 大唐黄金 submitted an application for a transfer listing to the main board of the stock exchange, in accordance with the main board listing rules [1] - The transfer listing will not involve the issuance of any new shares by the company [1] - The board believes that the transfer listing will enhance the company's corporate image and public recognition due to the main board's larger market capitalization, higher trading volume, and increased international recognition [1]