Chifeng Gold Stock Rises Amid Rising Gold Prices

Chifeng Gold's stock price rose by 4.52% on July 27, closing at 38.14 yuan per share.

The company disclosed its preliminary earnings for H1 2026, estimating a net profit attributable to shareholders of between RMB 1,700 million and RMB 1,780 million, representing an increase of 54-61% YoY.

According to Chifeng Gold, the sharp growth in net profit was primarily driven by a significant rise in gold prices relative to the same period last year, with the average gold selling price up about 43% YoY.