Movement Alert｜CHIFENG GOLD falls 7.49% in Regular Trading, Q3 profit decline and sector-wide weakness weigh on shares

Market Focus10-26

On October 26, CHIFENG GOLD fell 7.49% in Regular Trading, trading at HK$28.8 with turnover of HK$54.2515 million.

The most recent market-moving catalyst points to pressure from its latest quarterly results alongside broad weakness across gold miners.

CHIFENG GOLD disclosed on October 23 that third-quarter revenue fell 8.99% year over year to 3.069 billion yuan and attributable net profit dropped 41.84% to 553 million yuan, with the company stating the decline was mainly due to lower gold sales. For the first nine months, revenue rose 16.69% to 10.087 billion yuan and net profit increased 11.05% to 2.285 billion yuan, supported by higher gold prices, but the latest single-quarter slowdown has remained in focus. On October 26, gold peers were also under pressure, including LINGBAO GOLD, SD GOLD, CHINAGOLDINTL, ZHAOJIN MINING, and ZIJIN GOLD INTL, reinforcing the negative sector backdrop.

(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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