China's Wanguo Gold half-year revenue, net income rise on higher prices

Wanguo Gold

17/08/2026 14:36

Overview
China gold miner's half-year revenue rose 50%, helped by higher prices; net income up 51% yr/yr
Gross profit margin improved to 77.3% from 70% in prior year period
Company declared interim dividend of HK$6.00 cents per share

Outlook
Company did not provide specific financial guidance or outlook for future quarters or full year in press release

Result Drivers
HIGHER GROSS PROFIT - Co said gross profit increased 66% yr/yr to RMB1,440.7 mln, supporting improved results
MARGIN IMPROVEMENT - Co reported gross profit margin rose to 77.3% from 70% in prior yr period

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 1.86 bln
 
H1 Net Income Attributable
 
RMB 905.3 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 specialty mining & metals peer group is "buy"
Wall Street's median 12-month price target for Wanguo Gold Group Ltd is HK$15.50, about 22% above its August 17 closing price of HK$12.70
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
Aug 17 - Canada's Luca Mining Q2 revenue rises 47% on metal prices
Aug 17 - Shanghai Henlius Biotech, Sandoz sign pact to collaborate
Aug 17 - Perpetua Resources Q2 net loss widens on higher pre-development spending

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)