Movement Alert|SD GOLD Rises 3.44% in Regular Trading, Gold Price Rebound and Strong H1 Earnings Fuel Sector Rally

Market Focus09-04

On September 4, SD GOLD rose 3.44% in regular trading, trading at HK$27.9/share, with turnover of HK$39.49 million. The gain came as a broad recovery in international gold prices lifted the entire precious metals sector, while the company's resilient mid-year earnings continued to underpin investor confidence.

On the macro front, the U.S. dollar and Treasury yields retreated from recent highs ahead of the upcoming non-farm payrolls data, supporting a rebound in spot gold prices to around US$4,412.79 per ounce. Peer stocks rallied in tandem, with ZIJIN GOLD INTL up 4.18%, LINGBAO GOLD up 2.37%, and ZHAOJIN MINING up 2.5%.

On the fundamental side, SD GOLD's H1 results showed attributable net profit of RMB 3.543 billion, up 26.17% year-on-year. Excluding the impact of its Donghai Securities stake, adjusted net profit reached RMB 4.072 billion, up 45.01%. Notably, Q2 attributable net profit grew 45.09% quarter-on-quarter despite a sequential decline in gold prices, highlighting strong cost discipline. Overseas mine gold output rose 18.03% year-on-year, accounting for approximately 35% of total mine production.

(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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