Changes in Hong Kong stocks | Shandong Gold (01787) fell more than 5% in early trading, the company cut 2026 mineral gold production and expected net profit to decline year-on-year

The Zhitong Finance App learned that Shandong Gold (01787) fell more than 5% in early trading. As of press release, it fell 4.63% to HK$19.76, with a turnover of HK$20.69 million.

According to the news, Shandong Gold announced that the company will adjust its 2026 production and operation plan, and that mineral gold production will be adjusted from no less than 49 tons to 36-38 tons as originally planned. The reasons for the adjustments include safety inspections due to industry safety incidents in the first half of the year, which affected production, and increasing domestic mine infrastructure construction efforts in the second half of the year. The company's mineral gold production in 2025 was 48.89 tons. It is expected that production will drop 11-13 tons year-on-year in 2026, and net profit will be affected.

Dongfang Jincheng recently released a research report saying that the hawkish signal released by the Federal Reserve's September meeting continues to ferment — the median bitmap points to another rate hike during the year. SEP shows stronger economic growth, higher inflation, and lower unemployment. Market expectations for another rate hike during the year are heating up, and the US dollar index remains strong, which will continue to suppress the price of gold.