Zhongjin Huangjin forecasts 50.05%-57.66% rise in nine-month profit

Zhongjin Huangjin (中金黄金) forecast net profit attributable to shareholders of 5.52 billion-5.8 billion yuan for the first nine months of 2026, according to an October 15 announcement reported by Chinese outlets. The range represents growth of 50.05%-57.66% from the same period a year earlier. The company attributed the expected improvement primarily to stronger profitability in its main gold and copper products. [ 1 , 2 , 3 , 4 ]

The company said prices of major metals including gold and copper had risen significantly year on year, supporting revenue. It also cited increased revenue from by-products such as sulfuric acid. Alongside those market conditions, the company said it had optimized internal management, pursued leaner operations and strictly controlled spending to reduce costs and improve efficiency. It said gross margins in core businesses such as mined gold had increased substantially from a year earlier, with prices, by-products and operating improvements contributing to overall profit growth. [ 1 , 2 , 4 ]

36Kr reported a separate forecast for net profit excluding non-recurring items of 5.5 billion-5.8 billion yuan, an increase of 30.53%-37.65% year on year. That measure was reported alongside the headline attributable-profit forecast. Both figures refer to the first three quarters, while CLS also examined what the announcement implied for the third quarter alone. [ 1 , 2 ]

CLS calculated third-quarter net profit of 1.163 billion-1.443 billion yuan, compared with 1.976 billion yuan in the second quarter. On that basis, it estimated a quarter-on-quarter decline of 26%-41%. The comparison was presented as an outlet calculation alongside the company's year-on-year growth forecast. The supplied reports did not provide a separate explanation for the projected decline from the second quarter. [ 2 ]