Lingbao Gold (03330) Fa Yingxi expects mid-term net profit of about 950 million yuan to 1.05 billion yuan, an increase of about 42% to 57% year-on-year

According to Zhitong Finance App News, Lingbao Gold (03330) announced that the Group expects to record revenue of about RMB 7.9 billion to RMB 8.1 billion for the six months ended June 30, 2026, an increase of about 1% to 4% from revenue of approximately RMB 7.793 billion for the six months ended June 30, 2025; and the net profit recorded for the six months ended June 30, 2026 is between RMB 950 million to RMB 1.05 billion, an increase of about RMB 670 million compared to about RMB 670 million in net profit for the six months ended June 30, 2025 Approximately 42% to 57%.

The net profit performance was mainly affected by the following factors: (i) mainly due to the Group's steady promotion of production and operation in the first half of 2026, the strict implementation of cost reduction and efficiency measures, and the increase in the price of gold for the Group's main products compared to the same period in 2025; (ii) the Group completed a subscription transaction for 50% +1 shares of St Barbara Mining Pty Ltd (target company) on April 2, 2026. The target company's core asset is Simberi's gold production mine in Papua New Guinea. The financial results of the target company since the completion of the subscription transaction date have been comprehensively incorporated into the Group's comprehensive financial statements, which has had a positive impact on the Group's performance; (iii) the Group's net profit for the first quarter of 2026 was affected by the recording of approximately RMB 260 million in changes in the fair value of convertible bonds and related financial expenses (including actual estimated interest) of approximately RMB 22.11 million (the Board of Directors hereby emphasizes that this matter is a non-cash item, due only to application and compliance with relevant accounting standards, and does not involve any cash outflow, nor does it reflect the Group's core operating performance ), which significantly offset profits from core businesses.