HK Stock Market Move | Shandong Gold Mining (01787) rose over 7% in the afternoon, with its mid-term net profit attributable to the parent company increasing by 26.17% year-on-year. The company is steadily advancing its volume increase projects.

Shandong Gold Mining (01787) rose over 7% in the afternoon, and as of the time of writing, it had increased by 6.74%, reaching HKD 27.22, with a trading volume of HKD 1.37 billion. In terms of news, on August 29, Shandong Gold Mining announced its mid-year results for 2026, reporting an operating income of approximately RMB 53.588 billion, a year-on-year decrease of 5.6%; net profit attributable to shareholders of the listed company was about RMB 3.543 billion, a year-on-year increase of 26.17%; basic earnings per share were RMB 0.72, with a cash dividend of RMB 1.00 per 10 shares distributed. During the reporting period, the company produced 19.10 tons of gold, of which 6.69 tons were from its overseas mines, marking an 18.03% year-on-year growth. Soochow released a research report stating that in the first half of 2026, Shandong Gold Mining obtained 48 various warrants and related approvals, with multiple key projects such as the Sanshandao Gold Mine, Xincheng Gold Mine, and Chifeng Chai Mine progressing steadily. Among them, the company expects to obtain approval for the 15,000 tons/day expansion project at the Sanshandao Gold Mine by the end of September 2026, with the design approval for safety facilities on the agenda for project commencement; the Osino project in Namibia is currently undergoing equipment installation for the processing plant and construction for open-pit stripping, with the company expecting production to start in the first half of 2027.