China's Lingbao Gold HY interim profit rises on gold mining, smelting; skips dividend

Lingbao Gold

26/08/2026 15:53

Overview
China gold miner's interim revenue rose slightly to RMB7.99 bln for six months to June 2026
Net income attributable to shareholders increased to RMB972 mln from RMB664 mln a year earlier
Company did not declare interim dividend for the period, after paying one last year

Outlook
Company did not provide specific guidance or outlook for future periods

Result Drivers
SEGMENT PROFIT GROWTH - Profit increased across all divisions, led by gold mining in China and smelting operations
LOWER COST OF SALES - Cost of sales fell, supporting higher gross profit
FINANCIAL INSTRUMENT GAINS - Net gains on fair value changes in financial instruments contributed to profit

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 7.99 bln
 
H1 Net Income Attributable
 
RMB 972.40 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the gold peer group is "buy"
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Reuters Recommended Reads
Aug 25 - Tongguan Gold H1 revenue, profit jump on higher prices
Aug 23 - China's Zijin Mining half-year profit jumps 
Aug 25 - China's Laopu Gold half-year revenue rises 60%

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-26/3eac0373-794e-4e3d-8539-1ade79993568.file
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)