Chifeng Jilong Gold Mining (600988) Q3 2026 earnings summary

Executive summary

• Q3 revenue was RMB 3.069bn, down 8.99% YoY; attributable net income was RMB 553.2m, down 41.84%, mainly due to lower gold sales.

• 9M revenue rose 16.69% to RMB 10.087bn and attributable net income rose 11.05% to RMB 2.285bn, with higher gold prices the main stated driver.

Financial highlights

• Q3 total profit was RMB 1.077bn, down 24.76% YoY; operating cash flow was RMB 1.236bn, down 13.13%.

• 9M total profit was RMB 4.268bn, up 29.59%; adjusted attributable net income, excluding non-recurring items, was RMB 2.287bn, up 12.87%.

• 9M net income was RMB 2.810bn; attributable net income was RMB 2.285bn and diluted EPS was RMB 1.21, up 6.14%.

Outlook and guidance

• Updated FY2026 gold production and sales target to 12.5–13 tonnes, including Q4 production target of 3.5–4 tonnes; target is not a commitment.