On September 2, ZHAOJIN MINING fell 4.25% in regular trading, trading at HK$21.2/share with turnover of approximately HK$81.87 million, marking three consecutive trading sessions of sharp declines.

The decline was driven by a combination of widening production shortfalls and broad-based weakness across the gold sector. The company's interim results showed H1 total gold output of 12.53 tonnes, down 12.33% year-over-year, with mineral gold production plunging 21.87% as the affected mine remains shut down. Although revenue rose 29.38% to RMB 9.022 billion and gross margin improved to 48.18%, institutions flagged that Q2 net profit attributable to parent dropped approximately 67% quarter-over-quarter, primarily due to expanded fair value losses and output decline. The H2 mineral gold production gap is expected to widen further.

Within the Gold sector, selling pressure was widespread. LINGBAO GOLD fell 4.44%, SD GOLD fell 4.35%, ZIJIN GOLD INTL fell 3.70%, CHINAGOLDINTL fell 3.60%, and CHIFENG GOLD fell 3.48%, with sector-wide weakness amplifying downside pressure on individual names.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)