SHANGSHAN GOLD (01939) Issues Profit Alert, Expects Significant Interim Performance Improvement with Revenue Surging 139.8% YoY

Stock News11-18

SHANGSHAN GOLD (01939) announced that the group expects to record a net comprehensive profit attributable to company owners of approximately HK$400,000 for the six months ended September 30, 2025, marking a turnaround from a loss in the same period last year. The performance improvement is primarily driven by a substantial increase in the group's revenue, which rose to about HK$76.5 million, representing a year-on-year growth of approximately 139.8%.

Revenue from art auction and related businesses reached around HK$38.8 million (six months ended September 30, 2024: HK$29.3 million), while revenue from art sales amounted to approximately HK$37.5 million (six months ended September 30, 2024: HK$2.2 million). Additionally, revenue from gold and gold-related businesses was about HK$200,000 (six months ended September 30, 2024: nil).

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