Shandong Gold Mining (600547) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 32.52 billion, up 25.37% year-over-year, driven by higher gold prices and improved operational management.

• Net profit attributable to shareholders was RMB 1.45 billion, a 40.87% increase year-over-year.

• Operating cash flow surged 141.29% to RMB 6.10 billion compared to the same period last year.

Financial highlights

• Total assets at quarter-end were RMB 177.31 billion, up 4.07% from year-end 2025.

• Shareholders’ equity rose 2.41% to RMB 45.98 billion.

• Basic and diluted EPS both increased to RMB 0.29, up 45% year-over-year.

• Gross margin improved as revenue growth outpaced cost increases.

Outlook and guidance

• Management attributes growth to higher gold prices and enhanced production and sales management, expecting continued positive impact if these trends persist.