Movement Alert|SD GOLD Rises 3.1% at Open, Gold Price Rebound and Strong Interim Earnings Bolster Market Confidence

Market Focus09-03

On September 3, SD GOLD rose 3.1% at open, trading at 27.24 HKD/share, with turnover of approximately 5.986 million HKD. The rebound follows consecutive sessions of sector-wide selling pressure triggered by gold prices breaking below the 4,500 USD/oz level.

On the fundamental side, SD GOLD recently disclosed its interim results showing first-half attributable net profit of 3.543 billion yuan, up 26.17% year-over-year. Excluding the fair value loss on its Donghai Securities stake, adjusted net profit reached 4.072 billion yuan, a 45.01% year-over-year increase. Notably, Q2 attributable net profit grew 45.09% quarter-over-quarter to 2.097 billion yuan despite a sequential decline in international gold prices, underscoring the company's earnings resilience. Overseas mine gold output rose 18.03% year-over-year, while subsidiary Jinzhou Mining acquired the peripheral Jinqingding gold mine exploration right in Shandong for 70.8 million yuan, reinforcing the growth pipeline.

Within the Gold sector, peers also traded higher, with LINGBAO GOLD up 3.8%, ZIJIN GOLD INTL up 3.61%, CHIFENG GOLD up 2.67%, CHINAGOLDINTL up 1.26%, and ZHAOJIN MINING up 1.09%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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