HK Stock Market Move | LINGBAO GOLD (03330) rises over 7% in the afternoon. The company expects its net profit for the third quarter to be no less than 380 million yuan.

LINGBAO GOLD (03330) rose more than 7% in the afternoon, up 5.45% as of press time to HK$16.63, with a turnover of HK$172 million. In terms of news, LINGBAO GOLD announced that the group is expected to achieve a net profit of not less than RMB 380 million in the third quarter of 2025. This is mainly attributed to the group's continuous optimization of production organization and scheduling, strict implementation of cost reduction and efficiency improvement measures, continuous improvement in operational efficiency, and the favorable factors of the rise in the price of the gold market, resulting in a significant improvement in the group's overall benefits. Minsheng Securities previously pointed out that the company's profits are rapidly releasing, with a significant increase in production in the first half of 2025, strong internal potential, and the future gold production is expected to continue to increase. Combined with the prosperous gold price trend, there is potential for both volume and price to rise together. Guo Yuan International also stated that, benefiting from the long-term upward trend in the international gold price, the company's performance is expected to continue to be boosted. Currently, the company's stock price has relatively valuation advantages among gold mining stocks listed in Hong Kong.