Stock Track | SD GOLD Plummets 5.75% in Pre-Market Following RMB1.02 Billion Asset Impairment Charge

Stock Track03-27

SD GOLD's stock price plummeted 5.75% during pre-market trading on Friday, indicating significant negative investor sentiment.

The sharp decline follows the company's announcement of a substantial RMB1.02 billion asset-impairment provision for the 2025 fiscal year. This charge, which includes impairments on fixed assets, goodwill, and financial instruments, will be fully recognized in the 2025 income statement, directly reducing the company's reported profit for the year by the same amount.

Management stated the impairment follows accounting prudence principles to ensure accurate asset valuation, but the significant charge has clearly alarmed investors concerned about the company's financial performance and asset quality.

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