HK Stock Market Move | LINGBAO GOLD (03330) rose more than 7% after performance announcement, with annual net profit attributable to shareholders of 698 million yuan, a year-on-year increase of 119.4%.

LINGBAO GOLD (03330) rose more than 7% after its performance release, reaching 6.75% as of the press release, at HKD 7.75 with a trading volume of HKD 23.3225 million. On the news front, recently, LINGBAO GOLD released its 2024 annual results, with revenue of RMB 11.867 billion, a year-on-year increase of 12.7%; the company's attributable net profit was RMB 698 million, a year-on-year increase of 119.4%; basic earnings per share were 56.75 cents, with a proposed final dividend of 0.08 yuan per share (tax included). The group's gross profit for the 2024 fiscal year was RMB 1.462 billion, an increase of approximately 50.73%. The group strengthened production cost control by adjusting production capacity structure, optimizing resource allocation, enhancing refined management, reducing costs and increasing efficiency, which resulted in a significant increase in gross profit and gross profit margin alongside market price increases.