Changes in Hong Kong stocks | Wanguo Gold Group (03939) rose more than 8% in the intraday period and has doubled since the beginning of July, Jinling Mine has maintained high growth in the first half of the year

The Zhitong Finance App learned that Wanguo Gold Group (03939) rose more than 8% in the intraday period, and its stock price has doubled since the beginning of July. As of press release, it rose 7.34% to HK$15.8, with a turnover of HK$424 million.

According to the news, Wanguo Gold Group's interim results show that in the first half of the year, the company achieved operating income of 1.86 billion yuan, an increase of 50% over the previous year; net profit to mother was 910 million yuan, an increase of 51% over the previous year. It is worth noting that in the first half of the year, Jinling Mine's revenue was 1.38 billion yuan, up 43% year on year. Thanks to the sharp rise in volume and price, Jinling Mine maintained high growth; the gross profit margin of Jinling Mine during the period was 81%, +5.5 pct year on year.

China Merchants Securities previously released a research report stating that the company owns the Jinling Gold Production Mine in Solomon Islands, with excellent project resource endowments. The production capacity of the Jinling Mine flotation plant is being expanded from 3.5 million tons/year to 13.5 million tons/year, and the increase in production expansion is outstanding. At the same time, Zijin Mining became one of the main shareholders of the company through a wholly-owned subsidiary. The cooperation between the two parties helps share experiences and supports the Jinling project in overseas mining technology and mine operations.