On August 31, CHIFENG GOLD fell 8.4% in regular trading, trading at 40.42 HKD/share, with turnover of approximately 56.20 million HKD.

The decline was triggered by a combination of weaker-than-expected sequential earnings and broad-based selling across the gold sector. The company disclosed its interim results on August 30, reporting H1 revenue of RMB 7.018 billion, up 33.11% year-over-year, and adjusted net profit of RMB 1.732 billion, up 56.50% YoY. However, Q2 net profit came in at RMB 744 million — a 24% sequential decline from Q1's RMB 988 million — signaling a notable deceleration in earnings momentum.

Sector-wide weakness amplified the selloff, with Zijin Gold International down 7.63%, Lingbao Gold down 7.52%, China Gold International down 7.02%, and Zhaojin Mining down 6.02%. Additionally, shareholder Spyker International recently sold 2.2 million shares at an average price of 44.39 HKD, reducing its stake to 6.27%, adding further pressure on near-term sentiment.

(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.)