Core Viewpoint - China Hanking (03788) saw a significant stock price increase of over 14% following the release of its interim results, indicating positive market sentiment towards the company's performance and future prospects [1] Financial Performance - The company reported a revenue of RMB 1.405 billion, representing a year-on-year increase of 10.77% [1] - The profit attributable to shareholders was RMB 104 million, showing a year-on-year decrease of 2.93% [1] Mining Projects Update - China Hanking updated the feasibility studies for its Mt Bundy gold project and the pre-feasibility study for the Cygnet gold project, increasing the total recoverable gold resources from 5.07 million ounces to 3.1 million ounces [1] - The planned annual gold production from these two projects is expected to exceed 200,000 ounces [1] Corporate Strategy - In July, the company announced plans to spin off its subsidiary "Hanking Gold" for independent listing on the Hong Kong Stock Exchange, aiming to create a parallel listing structure [1] - Existing shareholders will not need to invest additional capital to hold shares in both China Hanking (iron ore business) and Hanking Gold (gold business) [1] - The spin-off aims to establish an independent capital platform for the gold business and facilitate valuation recovery [1] - The company plans to introduce long-term strategic investors before the spin-off and will use the raised funds for the development of the Cygnet gold project in Western Australia [1]
中国罕王早盘涨超14% 上半年收入增超10% 此前宣布分拆黄金业务港股上市