Core Viewpoint - China Rare Earth Holdings (03788) saw a significant increase in stock price, rising 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] Project Updates - The company 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] Strategic Initiatives - In July, the company announced plans to spin off its subsidiary "Hanwang Gold" for independent listing on the Hong Kong Stock Exchange through an introduction listing [1] - This spin-off aims to create a parallel listing structure, allowing existing shareholders to hold shares in both China Rare Earth (iron ore business) and Hanwang Gold (gold business) without additional investment [1] - The company plans to attract 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]
港股异动 | 中国罕王(03788)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