Jihai Gold (02489) announced interim results. Profit attributable to shareholders of 79.62 million yuan increased 26.86% year over year

According to the Zhitong Finance App, Jihai Gold (02489) announced the results for the six months ended June 30, 2026. The group obtained revenue of 352 million yuan, an increase of 16.08% over the previous year; profit attributable to the owner of the parent company was 79.62 million yuan, an increase of 26.86% over the previous year; basic profit per share was 3.32 points; it plans to distribute an interim dividend of HK3.125 cents per share.

According to the announcement, the increase in net profit was mainly due to (i) an increase in gross profit due to an increase in revenue and a decrease in sales costs; (ii) an increase in sulfuric acid sales; and (iii) an increase in interest income from the Group's cash and cash equivalent balances generated from net share placement proceeds, but partly due to (i) share-based payments relating to share options granted to directors and senior management on July 11, 2025; (ii) increased shutdown costs arising from Yantai Zhongjia and Yantai Mugin; (ii) increased shutdown costs arising from Yantai Profit Bank an increase in interest expenses; and (iv) This was offset by increases in travel expenses, consulting expenses and other administrative expenses to support business operations and identify potential gold mining projects that can be acquired by the Group.