Lingbao Gold Group Company (3330) H2 2025 earnings summary

Executive summary

• Revenue rose 10.76% year-over-year to RMB13.14 billion, with net profit up 122.43% to RMB1.56 billion, both reaching historic highs.

• Gross profit nearly doubled to RMB2.82 billion, driven by higher gold prices, increased production, and cost control.

• Major strategic acquisitions included a 50%+1 share stake in Simberi gold mine (Papua New Guinea) and investment in Titan Mining (Ecuador).

• The company completed a successful green transformation of its smelting plant and advanced digital and ESG initiatives.

Financial highlights

• Revenue: RMB13,143 million (up 10.76% YoY); Net profit: RMB1,555 million (up 122.43% YoY).

• Gross profit: RMB2,821 million (up 92.96% YoY); Gross margin improved significantly.

• Basic EPS: RMB120.76 cents (up from RMB56.75 cents); Diluted EPS unchanged due to anti-dilutive effect.

• Cash and cash equivalents plus pledged deposits: RMB1,960 million (vs. RMB900 million prior year).

• Gearing ratio improved to 29.69% (from 36.65%).

Outlook and guidance

• 2026 focus: capacity expansion, resource exploration, and internationalization, with a RMB339 million exploration budget.

• Continued cost control, digital transformation, and ESG integration are strategic priorities.

• Overseas projects and M&A to drive new growth; Simberi and Dynasty Gold Project expected to boost resource base.