Hanking Gold International Limited has issued a profit warning, projecting a net loss of roughly RMB45.00 million to RMB60.00 million for the six months ended 30 June 2026. The Group recorded a RMB105.00 million profit in the same period of 2025, implying a year-on-year earnings swing of up to RMB165.00 million.
The Board attributes the expected downturn to three principal factors:
1. Operations: Delayed land approvals and emission-upgrade shutdowns curtailed output of iron-ore concentrates and high-purity iron, driving an estimated RMB70.00 million decline in combined net profit from these domestic businesses versus the prior-year period.
2. Equity-based compensation: Amortisation of director and employee option expenses in the Group’s Australian gold operations rose to about RMB32.00 million, sharply higher than the RMB0.91 million recorded a year earlier.
3. Currency movements: Volatility in USD and HKD exchange rates generated foreign-exchange losses of approximately RMB27.00 million, reversing a RMB1.15 million gain in first-half 2025.
Management states that the Group continues to prioritise the development of its gold business. Unaudited figures form the basis of the warning; detailed interim results are scheduled for release in late August 2026. Shareholders and investors are advised to exercise caution when trading the company’s shares.
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