Lingbao Gold Group Company (3330) H1 2026 earnings summary

Executive summary

• Net profit for H1 2026 rose 50.36% year-over-year to RMB1,007.5 million, driven by cost controls, higher commodity prices, and consolidation of a new overseas mining asset.

• Revenue increased 2.51% year-over-year to RMB7,988.2 million, with gross profit margin improving to 23.54% from 14.61% in H1 2025.

• Acquisition of a controlling stake in the Simberi gold mine in Papua New Guinea (50%+1 share in St Barbara Mining Pty Ltd) completed in April 2026, expanding the resource base and contributing to results.

Financial highlights

• Revenue: RMB7,988.2 million (+2.51% YoY); Gross profit: RMB1,880.3 million (+65.2% YoY); Gross margin: 23.54% (H1 2025: 14.61%).

• Net profit: RMB1,007.5 million (+50.36% YoY); Basic EPS: RMB0.73 (H1 2025: RMB0.52).

• Cash and cash equivalents plus pledged deposits: RMB2,115.8 million (Dec 2025: RMB1,959.8 million).

• Total equity: RMB9,536.6 million (Dec 2025: RMB4,667.0 million).

• Gearing ratio: 23.36% (Dec 2025: 29.69%).

Outlook and guidance

• Focus on leveraging gold price cycles, internal efficiency, and key project execution in H2 2026.

• Plans to expand overseas operations, especially at Simberi, and accelerate digital and mechanized mining initiatives.

• Focus on cost reduction, efficiency, and technological innovation across the value chain.

• Continued expansion of overseas operations and further resource exploration.

• No interim dividend declared for H1 2026.