Core Viewpoint - Zhao Jin Mining (1818.HK) reported significant growth in its interim results for the period ending June 30, 2025, with substantial increases in revenue and profit metrics compared to the previous year [1]. Financial Performance - Revenue reached 6.973 billion yuan, reflecting a year-on-year increase of 50.69% [4]. - Net profit amounted to 1.777 billion yuan, showing a remarkable year-on-year growth of 144.58% [4]. - The attributable net profit to shareholders was 1.440 billion yuan, with a year-on-year increase of 160.44% [4]. - Earnings per share surged by 216.67% to 0.38 yuan per share [5]. Production Highlights - Gold production increased from 329,100 ounces to 459,400 ounces, representing a growth of 39.5% [5]. - The company achieved a steady growth in self-produced gold, with an increase of 21.83% in production [5]. Resource Reserves - As of December 31, 2024, the gold resource amount was 46.4951 million ounces, with a recoverable reserve of 16.6392 million ounces [7]. - The company established a special exploration fund exceeding 100 million yuan to enhance resource reserves [7]. Project Development - Key projects are advancing rapidly, with all five vertical shafts now operational [9]. - The company reported a significant increase in tunneling progress, with two TBMs achieving over 350% monthly advancement [12]. - A successful water trial run was conducted at the processing plant, achieving a capacity of 12,000 tons per day [13]. Future Outlook and Strategy - The company aims to focus on increasing production capacity, enhancing operational efficiency, and solidifying its performance support [19]. - The annual operational targets include a total gold production of 26.92 tons, mine gold production of 18.82 tons, and an increase in gold resource reserves of 88 tons [19].

Core Viewpoint - The company reported significant growth in its mid-year performance for 2025, showcasing strong revenue and profit increases compared to the previous year [1] Financial Performance - The company's revenue for the first half of 2025 was approximately RMB 6.973 billion, representing a year-on-year increase of 50.69% [1] - Net profit reached approximately RMB 1.777 billion, marking a year-on-year growth of 144.58% [1] - Profit attributable to shareholders amounted to about RMB 1.44 billion, reflecting a year-on-year increase of 160.44% [1] Production and Projects - The group's gold production totaled 10,235.63 kilograms [1] - The successful trial operation of the 12,000 tons/day beneficiation system at the Ruihai project was reported [1] - Key projects such as the deep development of the Xiadian gold mine are progressing steadily [1]

Core Viewpoint - The company reported significant growth in revenue and net profit for the first half of 2025, driven by high gold prices and strategic operational improvements [1][2]. Financial Performance - The company's revenue reached approximately RMB 6.973 billion, a year-on-year increase of about 50.69% [1] - Net profit was approximately RMB 1.778 billion, reflecting a year-on-year growth of about 144.58% [1] - Profit attributable to equity holders was around RMB 1.44 billion, up approximately 160.44% from the previous year [1] - Basic and diluted earnings per share for ordinary shareholders were approximately RMB 0.38, marking a year-on-year increase of about 216.67% [1] Operational Highlights - The company focused on core operations, enhancing safety production, project construction, investment mergers, and capital operations [1] - The company achieved a total gold production of 10,235.63 kg (approximately 329,082.51 ounces) in the first half of the year [1] - Total profit reached approximately RMB 2.249 billion, with major operational indicators showing significant growth [1] Project Development - The company accelerated infrastructure development for the Ruihai project, achieving successful trial runs for a 12,000 tons/day ore selection system [2] - Key projects like the deep exploration of the Xiadian gold mine are progressing, providing strong support for continuous capacity release [2] Resource Exploration - The company established a special exploration fund exceeding RMB 100 million, focusing on key mineralization belts globally [2] - An additional 25 tons of gold metal was discovered through exploration efforts [2] - The company successfully acquired multiple key mining rights, expanding its resource reserves [2] Management and Compliance - The company enhanced operational management and long-term planning, implementing innovative research projects [2] - It completed a placement of 140 million shares, securing solid financial support for business expansion [2] - The company invested RMB 0.088 billion in safety and environmental protection, improving compliance awareness and management levels [2]

Core Viewpoint - Tongguan Gold (00340) has seen a significant increase in stock price, rising over 5% following the announcement of its inclusion in the MSCI Global Small Cap Index, effective after market close on August 26, 2025 [1] Group 1: Company Performance - The company is expected to achieve a profit attributable to shareholders of approximately HKD 330 million to HKD 360 million for the six months ending June 30, 2025, representing an increase of about 259% to 291% compared to HKD 92 million for the same period in 2024 [1] - The increase in profit is primarily attributed to higher gold production and sales volumes, as well as an increase in the average selling price of gold compared to the same period last year [1] Group 2: Strategic Partnerships and Future Outlook - The company has established a "equity + metal flow" binding model with Zijin Mining, which is expected to enhance operational performance in the future [1] - With anticipated annual growth in gold production and favorable gold prices, the company's performance is expected to enter a rapid growth phase in 2024 [1]

Core Viewpoint - Tongguan Gold (00340) has been included in the MSCI Global Small Cap Index, effective after market close on August 26, 2025, which is expected to enhance its market visibility and investment appeal [1] Group 1: Stock Performance - Tongguan Gold's stock price increased by 5.67%, reaching HKD 2.05, with a trading volume of HKD 31.47 million [1] Group 2: Company Developments - The company has established a "equity + metal flow" binding model with Zijin Mining, which is anticipated to improve operational performance [1] - Tongguan Gold recently issued a profit warning, projecting a net profit attributable to shareholders of approximately HKD 330 million to HKD 360 million for the six months ending June 30, 2025, representing an increase of about 259% to 291% compared to HKD 92 million in the same period of 2024 [1] Group 3: Production and Pricing - The increase in profit is primarily attributed to a rise in gold production and sales, as well as an increase in the average selling price of gold compared to the same period in 2024 [1]

Core Viewpoint - Tongguan Gold (00340) expects a significant increase in interim profit for the six months ending June 30, 2025, with estimated profit attributable to shareholders ranging from approximately HKD 330 million to HKD 360 million, representing an increase of about 259% to 291% compared to approximately HKD 92 million for the same period in 2024 [1] Group 1 - The increase in profit is primarily attributed to a rise in gold production and sales volume compared to the same period in 2024 [1] - The average selling price of gold has also increased, contributing to the higher profit margins [1]

Core Viewpoint - Tongguan Gold (00340) expects to achieve a profit attributable to shareholders of approximately HKD 330 million to HKD 360 million for the six months ending June 30, 2025, representing an increase of approximately 259% to 291% compared to the profit of approximately HKD 92 million for the same period in 2024 [1] Group 1 - The increase in profit attributable to shareholders is primarily due to an increase in gold production and sales volume compared to the same period in 2024 [1] - The average selling price of gold has also risen, contributing to the overall profit increase [1]

Core Viewpoint - Tongguan Gold (00340.HK) expects a significant increase in profit attributable to shareholders for the six months ending June 30, 2025, projecting a profit range of approximately HKD 330 million to HKD 360 million, representing an increase of about 259% to 291% compared to HKD 92 million for the same period in 2024 [1] Group 1 - The increase in profit is primarily attributed to a rise in gold production and sales volume compared to the same period in 2024 [1] - The average selling price of gold has also increased, contributing to the higher profit margins [1]