Shandong Gold expects significant profit surge in Q1 2025

Shandong Gold Mining Co., Ltd. (SSE:600547) anticipates a net profit attributable to shareholders ranging from CNY 950 million to CNY 1.13 billion for the first quarter of 2025. This represents a year-over-year increase of 35.74% to 61.45%, compared to the CNY 700 million reported in the same period last year. The company also projects a net profit, after deducting non-recurring gains and losses, between CNY 951 million and CNY 1.131 billion, a 34.05% to 59.41% increase compared to the same period last year. This boost is attributed to optimized production layouts, improved operational efficiency through core technological breakthroughs, efficient resource allocation, and the upward trend in gold prices. The company cautions that these figures are preliminary estimates.