Hanwang Gold (03788) announced interim results with loss attributable to company owners of RMB 52.04 million, year-on-year profit to loss

According to the Zhitong Finance App, Hanwang Gold (03788) announced its 2026 interim results, with revenue of about 912 million yuan, a year-on-year decrease of 35.13%; loss attributable to company owners was 52.04 million yuan, a year-on-year profit to loss; loss of 2.4 points per share.

According to the announcement, the main reason for the decline in revenue was a decrease of about 89,000 tons of high-purity iron sales in the current period compared to the same period last year, and the sales price of high-purity iron increased by RMB 46 per ton compared to the same period last year, which led to a decrease of about 493 million yuan in revenue.

In the first half of 2026, as the processing time for land approval procedures exceeded expectations and the production schedule for the first half of 2026 was relatively low, the Group's iron concentrate production was 368,000 tons, a year-on-year decrease of 28.96%, completing 81.43% of the semi-annual budget; sales volume was 364,000 tons, a year-on-year decrease of 30.13%. The company resolved the above land approval procedures in early May, and completed the annual maintenance of mining and mineral processing equipment ahead of schedule during production restrictions. The company has reformulated follow-up production plans, made every effort to catch up with production progress, and adjusted the 2026 iron concentrate budget output target to 830,000 tons.