Chifeng Jilong Gold Mining (600988) Q4 2025 earnings summary

Executive summary

• Achieved record net profit and significant year-over-year growth in 2025, driven by focused gold mining strategy and international expansion.

• Completed successful H-share listing in Hong Kong, raising HK$3.1 billion and enhancing global capital access.

• Strengthened governance, internal controls, and ESG performance, with MSCI ESG rating upgraded to B.

Financial highlights

• Revenue reached RMB 12.64 billion, up 40.03% year-over-year; net profit attributable to shareholders was RMB 3.08 billion, up 74.70%.

• Operating cash flow rose 69.97% to RMB 5.56 billion; basic and diluted EPS were RMB 1.69, up 57.94%.

• Gross margin for mining segment increased by 8.62 percentage points to 53.60%.

• Asset-liability ratio decreased to 33.91% from 47.25% year-over-year.

• Proposed cash dividend of RMB 0.32 per share, with a payout ratio of 19.73%.

Outlook and guidance

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

• Focus on strategic growth, cost control, and resource expansion, leveraging dual A+H capital platforms.

• Continued investment in exploration, digitalization, and ESG initiatives to support long-term growth.