On September 9, ZIJIN GOLD INTL rose 3.38% in regular trading, trading at HK$165.2/share, with turnover of HK$546 million, extending the gold sector's rebound momentum from the prior session.

On the news front, China's central bank disclosed that gold reserves rose to 76.73 million ounces at the end of August, marking 22 consecutive months of gold accumulation. The single-month addition of 650,000 ounces was the largest since October 2023, with purchasing pace accelerating notably since March. China's gold-to-reserves ratio remains below 10%, well under the global average of 27%, suggesting substantial room for continued purchases. Meanwhile, the Netherlands' central bank disclosed a relocation of approximately 86 tonnes of gold reserves, reinforcing the global trend of central banks prioritizing physical gold holdings.

On the fundamental side, ZIJIN GOLD INTL reported robust H1 results with revenue of US$3.987 billion, up 99.7% year-over-year, and net profit attributable to shareholders of US$1.451 billion, surging 178.8%. Gold production reached approximately 27.3 tonnes, up 43.7%, completing 46.1% of the full-year target. Guoxin Securities maintained an Outperform rating on the stock.

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