Chifeng Gold's stock surged 7.31% during intraday trading on Wednesday, reflecting strong investor confidence following the company's robust financial performance and positive developments in the gold sector.
The company reported impressive 2025 results, with operating revenue reaching RMB 12.639 billion, a 40.03% year-on-year increase, and net profit attributable to shareholders climbing 74.7% to RMB 3.082 billion. The board also proposed a final cash dividend of RMB 0.32 per share, rewarding shareholders after the strong performance.
The broader gold sector received positive sentiment from news that central banks have increased gold reserves for 17 consecutive months, with analysts from UBS and Goldman Sachs maintaining bullish outlooks. Goldman Sachs expects central bank purchasing to re-accelerate and maintains its year-end 2026 gold price target of $5,400 per ounce, while analysts view recent price declines as a buying opportunity for accumulation.
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