Changes in Hong Kong stocks | Lingbao Gold (03330) rose more than 4%. Xinjiang Habahe Huatai Company's exploration work made significant progress, and the mid-term net profit increased by about 42% to 57%

The Zhitong Finance App learned that Lingbao Gold (03330) rose more than 4%. As of press release, it had risen 4.09% to HK$21.36, with a turnover of HK$526 million.

According to the news, recently, Lingbao Gold announced that the overall exploration work of the group company Habahe Huatai Gold Co., Ltd. (Huatai Company, a wholly-owned subsidiary of the company) and its subsidiary Habahe County Huayuan Mining Co., Ltd. (Huayuan Company, which is a non-wholly-owned subsidiary of the company, the company indirectly holds 60% of the shares) has made significant progress in stages. As of June 30, 2026, the amount of resources held jumped from 13.20 tons at the end of 2025 (as disclosed in the company's 2025 annual report).

Earlier, Lingbao Gold disclosed earnings forecasts. The Group expects to record revenue of about RMB 7.9 billion to RMB 8.1 billion for the six months ending June 30, 2026, an increase of about 1% to 4%; net profit of about RMB 950 million to RMB 1.05 billion, an increase of about 42% to 57% over the previous year. According to the announcement, net profit performance was due to the steady promotion of production and operation in the first half of the year, the continuous promotion of strict implementation of cost reduction and efficiency measures, and the rise in gold prices for major products.