Tongguan Gold H1 revenue, profit jump on higher prices

Tongguan Gold

25/08/2026 14:52

Overview
Hong Kong-listed gold miner's H1 revenue rose 53% yr/yr, driven by higher gold prices
Net profit attributable to owners climbed 53% yr/yr
Company completed two acquisitions, expanding gold recycling operations

Outlook
Company did not provide specific financial guidance for the current quarter or full year in the press release

Result Drivers
HIGHER GOLD PRICES - Co said revenue and net profit growth were mainly driven by higher average selling prices for mine-produced gold
COST CONTROL - Co said improved gross profit margin was driven by higher gold prices and effective cost control
ACQUISITION COSTS - Co said administrative expenses rose due to inclusion of expenses from acquired subsidiaries, increased headcount, and salary adjustments

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Net Income Attributable
 
HK$522.7 mln
 
H1 Revenue
 
HK$1.58 bln
 

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"
Wall Street's median 12-month price target for Tongguan Gold Group Ltd is HK$3.67, about 8.1% above its August 25 closing price of HK$3.40
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago

Reuters Recommended Reads
Aug 25 - China's Laopu Gold half-year revenue rises 60%
Aug 25 - Gold Fields flags Ghana licence risk as half-year profit surges
Aug 25 - China's July net gold imports via Hong Kong rose 11% m-o-m

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-25/c7c28def-daff-4a94-a4f4-ca0fdad30621.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.)