Lingbao Gold expects significant profit increase in Q1 2025

Lingbao Gold Group Company Ltd. (HKEX:3330) has announced a positive profit alert, projecting a net profit of at least RMB250.0 million for the first quarter of 2025. The anticipated profit surge is primarily attributed to the company's strategic focus on boosting gold production to meet rising market demand, leading to a significant increase in output compared to the same period last year. The company also cited enhanced operational efficiency, strengthened cost controls, and the benefit of rising gold market prices as contributing factors to the expected financial performance. This preliminary review is based on unaudited consolidated management accounts and remains subject to further adjustments following review. Shareholders and potential investors are advised to exercise caution when dealing in the company's shares.