HANKING GOLD (03788) announced its interim results, showing a loss attributable to owners of the company of 52.024 million yuan, compared to a profit in the same period last year.

Hanking Gold (03788) announced its interim results for 2026, with revenue of approximately 912 million yuan, a decrease of 35.13% year-on-year; the loss attributable to shareholders was 52.024 million yuan, turning from profit to loss year-on-year; the loss per share was 2.4 cents. The announcement stated that the primary reason for the revenue decline was a decrease in the sales volume of high-purity iron by 189,000 tons compared to the same period last year, along with an increase in the selling price of high-purity iron by 46 yuan per ton compared to the same period last year, resulting in a revenue reduction of approximately 493 million yuan. In the first half of 2026, due to longer-than-expected land approval procedures and a reduced production schedule compared to the previous year, the group's iron concentrate output was 368,000 tons, a year-on-year decrease of 28.96%, achieving 81.43% of the semi-annual budget; sales volume was 364,000 tons, a year-on-year decrease of 30.13%. The company resolved the aforementioned land approval issues in early May and completed the annual maintenance of mining and beneficiation equipment in advance during the production constraints. The company has re-established its subsequent production plans and is making every effort to catch up on production progress, adjusting the 2026 iron concentrate budget production target to 830,000 tons.