Changes in Hong Kong stocks | Shandong Gold (01787) fell more than 4% after a profit, and net profit is expected to increase the most 61.5% year-on-year in the first quarter

The Zhitong Finance App learned that Shandong Gold (01787) fell more than 4% after profit. As of press release, it fell 1.79% to HK$21.9, with a turnover of HK$84.481 million.

According to the news, Shandong Gold announced that in the first quarter of 2025, net profit attributable to owners of the parent company is expected to be 950 million yuan to 1,130 million yuan, an increase of 35.74% to 61.45% over the previous year. The company optimizes production layout in an integrated manner, improves the level of fine management, significantly improves operational efficiency, and achieves collaborative improvements in production efficiency, resource utilization, and project construction speed. At the same time, rising gold prices have also become an important factor driving up the company's profits.

CITIC Construction Investment said that COMEX gold stepped back to the $3,000 integer mark and once again set a new historical price record. The main short-term price driver was strong safe-haven demand spawned by Trump's erratic tariff policy, and the uncertainty of Trump's policy supports the price of gold. Furthermore, the Federal Reserve is in the middle of a cycle of cutting interest rates, and long-term inflation remains high, and the downward trend in real interest rates has injected new impetus into the price of gold. More importantly, the global economy is moving from cooperation to confrontation, and central banks around the world continue to buy money to endorse the local currency. Multiple factors are driving the upward trend in gold prices, and gold stocks are about to recover.