Shandong Gold Mining expects Q3 2025 profit growth of up to 98.5%
Shandong Gold Mining Co. forecasts a net profit attributable to owners of the parent company between RMB3.80 bn and RMB4.10 bn for the first three quarters of 2025. This represents a significant year-on-year increase of 83.9% to 98.5%, compared to the previous year's RMB2.066 bn.
The estimated net profit after deducting non-recurring gains and losses is expected to be between RMB3.78 bn and RMB4.08 bn, an 80.5% to 94.8% increase from the prior year's RMB2.094 bn. The company attributes this robust growth to optimized production layout, strengthened core technological research, enhanced management standards, and improved operational efficiency.
Furthermore, Shandong Gold Mining capitalized on favorable gold price conditions, increasing investments in foundational engineering and adjusting mine cut-off grades to fully utilize low-grade ore. A transition from outsourced to self-operated mining and the procurement of new production equipment also contributed to the substantial year-on-year profit increase.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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