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Lingbao Gold Group Expects Significant Profit Boost in Q1 2025

Story Highlights
  • Lingbao Gold Group expects a net profit of at least RMB250.0 million in Q1 2025.
  • The profit increase is driven by higher gold output, efficiency improvements, and rising gold prices.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Protect Your Portfolio Against Market Uncertainty

Lingbao Gold Group Company Ltd. Class H ( (HK:3330) ) has provided an update.

Lingbao Gold Group Company Ltd. announced a positive profit alert, expecting a net profit of not less than RMB250.0 million for the first quarter of 2025. This anticipated profit is due to increased gold output, improved operational efficiency, and higher market prices for gold. The announcement is based on preliminary unaudited management accounts and may be subject to adjustments.

More about Lingbao Gold Group Company Ltd. Class H

Lingbao Gold Group Company Ltd. is a joint stock limited company incorporated in the People’s Republic of China, primarily engaged in the production of gold. The company focuses on meeting rising market demand and enhancing operational efficiency in the gold industry.

Average Trading Volume: 12,584,074

Technical Sentiment Signal: Buy

Current Market Cap: HK$11.7B

See more data about 3330 stock on TipRanks’ Stock Analysis page.

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