SD GOLD (01787) Falls Nearly 4% After Earnings: First Q3 Loss Since Listing, Nine-Month Net Profit Down Almost 20% Year-on-Year

Stock News10-29

SD GOLD (01787) dropped nearly 4% following its earnings release. As of press time, the stock was down 3.15% at HK$16.62, with a turnover of HK$89.2458 million.

According to the company's announcement, third-quarter revenue was RMB 36.913 billion, up 36.63% year-on-year; net profit recorded a loss of RMB 363 million, swinging from a net profit of RMB 2.097 billion in the second quarter. For the first three quarters, net profit was RMB 3.181 billion, down 19.60% year-on-year. The performance change was mainly due to a decline in the company's self-produced gold output and sales volume.

It is noted that SD GOLD previously adjusted its 2026 production and operation plan, revising its mineral gold output target from no less than 49 tonnes to 36-38 tonnes. The reasons for the adjustment include the impact on output from safety self-inspections triggered by industry safety accidents in the first half of the year, as well as increased efforts in domestic mine infrastructure construction in the second half.

BOCI stated that after incorporating the company's updated production guidance, it lowered its 2026 core earnings per share forecast by 22%.

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