On September 1, CHIFENG GOLD fell 3.05% in regular trading, trading at HKD 40.1/share, with turnover of HKD 119 million. The decline extended the stock's recent selloff driven by a confluence of negative catalysts.

On the earnings front, the company disclosed its interim results on August 30, reporting H1 revenue of RMB 7.018 billion (+33.11% YoY) and attributable net profit of RMB 1.732 billion (+56.5% YoY). However, Q2 standalone net profit came in at RMB 744 million, down approximately 24% from Q1's RMB 988 million, signaling a notable sequential deceleration in profitability that disappointed investors.

At the macro level, Fed Chair Waller delivered hawkish remarks at the Jackson Hole symposium, stating that rate hikes remain under consideration if inflation does not retreat toward the 2% target fast enough. This triggered broad-based selling across the gold sector, with SD Gold down 4.92% and Zhaojin Mining down 4.23% on the day.

Adding to sentiment pressure, Spicer International (a vehicle linked to Zhaojin Mining) sold 7.5 million shares at HKD 41.72 each on August 25, reducing its stake from 6.05% to 2.88%, following an earlier disposal of 2.2 million shares at HKD 44.39. Meanwhile, JPMorgan increased its position to 9.32%, providing a partial offset.

(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.)