Chifeng Jilong Gold Mining (600988) Q4 2025 earnings summary

Executive summary

• Revenue rose 40.03% year-over-year to RMB12.64 billion, with net profit attributable to shareholders up 74.70% to RMB3.08 billion, both reaching record highs.

• Total assets increased 22.89% to RMB24.98 billion, and net assets attributable to shareholders grew 69.45% to RMB13.42 billion.

• The company completed a successful Hong Kong Stock Exchange listing, raising HK$3.1 billion and enhancing its international capital platform.

• A cash dividend of RMB0.32 per share is proposed, subject to AGM approval.

Financial highlights

• Operating income: RMB12.64 billion, up 40.03% year-over-year.

• Net profit attributable to shareholders: RMB3.08 billion, up 74.70% year-over-year.

• Net cash flow from operating activities: RMB5.56 billion, up 69.97% year-over-year.

• Gearing ratio decreased to 33.91%, down 13.34 percentage points.

• Interest-bearing liabilities dropped 67.45% to RMB878 million.

• Overall gross profit margin improved to 52.46% from 43.84% last year.

Outlook and guidance

• 2026 production targets: 14.7 tonnes of gold and 11,000 tonnes of electrolytic copper.

• Focus on safe production, increased reserves, cost control, and intelligent mine upgrades.

• Strategic emphasis on both organic growth and external expansion to become a world-class gold producer.