Shandong Gold Mining forecasts significant profit surge in first three quarters of 2025

Shandong Gold Mining Co., Ltd. anticipates a net profit attributable to shareholders of RMB 3.8 bn to RMB 4.1 bn for the first three quarters of 2025. This represents a year-on-year increase of RMB 1.73 bn to RMB 2.03 bn, or 83.9% to 98.5%. Net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between RMB 3.78 bn and RMB 4.08 bn, an increase of RMB 1.69 bn to RMB 1.99 bn, or 80.5% to 94.8% compared to the same period last year.

The company attributes this performance boost to optimized production layouts, enhanced core technical capabilities, and improved fine management. Operational efficiency and resource utilization have significantly increased, supported by rising gold prices. Furthermore, the company has ramped up investments in basic engineering, adjusted mining grades, and transitioned external mining and excavation work to in-house operations.

These strategic initiatives, including the acquisition and upgrade of production equipment and the recruitment of industrial workers, are expected to lay a solid foundation for the company's long-term and sustainable development through its "15th Five-Year Plan." The preliminary figures are unaudited, and investors are advised to consider potential investment risks.