Chifeng Jilong Gold Mining (600988) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 3.55 billion, up 47.65% year-over-year, driven by higher gold prices and improved production management.

• Net profit attributable to shareholders was RMB 988 million, a 104.43% increase year-over-year.

• Major shareholder transfer and strategic investment agreement with Zijin Mining will result in Zijin becoming the controlling shareholder.

Financial highlights

• Operating income: RMB 3.55 billion, up 47.65% year-over-year.

• Total profit: RMB 1.70 billion, up 108.47% year-over-year.

• Net profit attributable to shareholders: RMB 988 million, up 104.43% year-over-year.

• Basic and diluted EPS: RMB 0.52, up 79.31% year-over-year.

• Net cash from operating activities: RMB 497 million, up 46.98% year-over-year.

Outlook and guidance

• Continued focus on optimizing production and operations to leverage favorable gold prices.

• Ongoing technical upgrades and equipment maintenance expected to support future output.