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Changes in Hong Kong stocks | Shandong Gold (01787) fell nearly 4% after earnings for the first time since listing, saw a loss in the third quarter, and net profit fell nearly 20% year-on-year in the first three quarters
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The Zhitong Finance App learned that Shandong Gold (01787) fell nearly 4% after the results. As of press release, it decreased by 3.15% to HK$16.62, with a turnover of HK$89.245,800.

According to the news, Shandong Gold announced that revenue for the third quarter was 36.913 billion yuan, up 36.63% year on year; net profit loss of 363 million yuan was changed from profit to loss compared to net profit of 2,097 billion yuan in the second quarter. Net profit for the first three quarters was 3.181 billion yuan, down 19.60% year on year. The change in performance was mainly due to a decline in the company's own gold production and a decline in sales volume.

According to reports, Shandong Gold previously adjusted its 2026 production and operation plan, and the mineral gold production was adjusted from the original plan of no less than 49 tons to 36-38 tons. The reasons for the adjustments include safety inspections due to industry safety incidents in the first half of the year, which affected production, and increasing domestic mine infrastructure construction efforts in the second half of the year. Bank of China International said it will lower its 2026 core earnings per share forecast by 22% after taking into account the company's updated production guidelines.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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