CHIFENG GOLD: Nine-Month Revenue Climbs 16.69% to RMB10.09 Billion; Q3 Profit Contracts on Lower Gold Sales

Chifeng Jilong Gold Mining Group Limited (abbrev. CHIFENG GOLD) released its unaudited results for the nine months ended 30 September 2026.

Financial Performance • Nine-month operating income increased 16.69% year on year (YoY) to RMB10.09 billion, supported by a higher gold price. • Profit before tax rose 29.59% YoY to RMB4.27 billion; net profit attributable to shareholders advanced 11.05% to RMB2.29 billion. • Weighted average return on equity stood at 16.09%, down 3.14 percentage points from the prior-year period. • Operating cash flow amounted to RMB3.12 billion, a marginal 2.66% YoY uptick. • The debt-to-asset ratio improved to 28.95% versus 33.91% at year-end 2025.

Third-Quarter Highlights • Q3 operating income fell 8.99% YoY to RMB3.07 billion. • Net profit attributable to shareholders declined 41.84% YoY to RMB0.55 billion as gold sales volume dropped. • Basic earnings per share for the quarter slipped 42.00% YoY to RMB0.29.

Cost Metrics • All-in sustaining cost (AISC) for self-mined gold during January–September rose 38.71% YoY to RMB494.31/g, driven by higher taxes, sustaining capital expenditure and lower production volumes. • Domestic mines recorded operating costs of RMB228.32/g and AISC of RMB340.13/g, up 34.97% and 32.41% respectively. • At overseas assets, AISC reached USD2,155.77/oz at the Laos Sepon mine (+36.17% YoY) and USD2,788.69/oz at the Ghana Wassa mine (+52.61% YoY).

Production and Sales • Self-mined gold output in the first three quarters fell 16.78% YoY to 8,909 kg; sales volume slid 15.03% to 9,065 kg. The average realised price increased 33.56% YoY to RMB974.44/g. • Management revised full-year 2026 gold production and sales guidance to 12.5–13.0 tonnes, implying 3.5–4.0 tonnes for Q4.

Balance Sheet Snapshot (30 Sep 2026) • Total assets: RMB25.84 billion (+3.43% vs. end-2025). • Cash and bank balances: RMB4.54 billion. • Equity attributable to shareholders: RMB14.79 billion (+10.22% vs. end-2025).

Corporate Developments On 22 October 2026, Zijin Gold (Group) Co., Ltd., a wholly owned subsidiary of Zijin Mining Group Co., Ltd., completed the acquisition of 241.93 million A-shares from the company’s previous controlling shareholder and subscribed for 310.90 million H-shares, becoming CHIFENG GOLD’s largest shareholder.

Audit Status The Q3 financial statements are unaudited and prepared under China Accounting Standards for Business Enterprises.