The Zhitong Finance App learned that Chifeng Gold (06693) rose more than 5% in early trading. As of press release, it had risen 5.4% to HK$28.14, with a turnover of HK$222.29 million.

According to news, recently, Chifeng Gold announced its results for the first three quarters of 2026. The group obtained operating revenue of RMB 10.087 billion, an increase of 16.69% over the previous year; net profit attributable to shareholders of listed companies was 2,285 billion yuan, an increase of 11.05% over the previous year. Huatai Securities believes that the increase in gold revenue in Chifeng in the first three quarters was mainly due to the average sales price of gold of +33.56% to 974.44 yuan/gram. The lower revenue growth rate was mainly due to the total maintenance cost of self-produced money units +38.71% compared to the same period and the income tax rate of +4.32pct to 34.16% year over year.

Ping An Securities stated that on October 22, 2026, the company completed the change of control, and Zijin Gold became the controlling shareholder of the company. The company is expected to draw on Zijin Mining's global mine operation experience, rely on its technical advantages in geological exploration and deep prospecting to systematically promote its mine exploration work, further increase resources and reserves, expand prospecting and storage space, increase project production and production, and transform resource advantages into production capacity advantages.

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