LINGBAO GOLD (03330) expects a first quarter net profit of no less than 250 million yuan, which is expected to remain relatively stable year-on-year.

LINGBAO GOLD (03330) announced that the Group is expected to achieve a net profit of no less than RMB 250 million in the first quarter of 2026, maintaining relative stability compared to the same period in 2025. This net profit performance is mainly due to the offsetting of the following two factors: Mainly benefited from the stable progress of production and operation in the first quarter of 2026, the continued implementation of cost reduction and efficiency improvement measures, and the increase in the gold price of the Group's main products compared to the same period in 2025; and the net profit in the first quarter of 2026 was offset by a fair value loss of approximately RMB 260 million on convertible bonds and the booking impact of related financial expenses (including actual calculated interest) of about RMB 22.10 million (the Board of Directors hereby emphasizes that this item is a non-cash item attributed solely to the application and compliance with relevant accounting standards, does not involve any cash outflow, and does not reflect the Group's underlying core operating performance), which significantly offset the surplus profit of the core business.