CHIFENG GOLD

Chifeng Gold opened at HKD 32.1 in the morning session, up 2.75% from the previous close of HKD 31.24, but then fell amid a pullback in gold prices, sliding from an intraday high of HKD 33 to close at HKD 32.1, down 5.13% on the day with an intraday range of 2.8%. The weakness was driven by a retreat in COMEX gold from above $4,120, compounded by lingering overhang from Morgan Stanley's stake sale. Despite strong fundamentals—H1 net profit guided up to 61% YoY, Q1 net profit surging 116.41% YoY to HKD 1.12 billion on revenue up 56.31% and a net margin of 27.8%—the stock at HKD 32.1 remains 35.67% below its 52-week high of HKD 49.9 and below the MA60 of HKD 30.992, though the YTD return is still positive at 4.63%.

6693.HK 今日上午盘开盘即定格在 29.80 港元，较前收 32.02 港元大幅低开 6.93%，随后维持低位震荡，最终报收 29.66 港元，跌幅约 7.4%。金价近期突破 4120 美元创历史新高，带动板块内中国黄金国际等个股大涨，但该股逆势走弱，主要因摩根士丹利此前减持及市场消化前期获利盘。尽管公司 Q1 2026 净利润同比暴增 116.41% 至 11.20 亿港元，营收增 56.31%，EPS 达 0.5895 港元同比增 89.82%，净利率 27.80% 较前季提升，但股价仍远低于 52 周高点 49.90 港元（下挫 40.56%），且处于 MA60（31.05 港元）下方，YTD 跌 3.32%。不过，央行连续 20 个月增持黄金及 Goldman Sachs 唱多提振板块情绪，该股曾在 6 月单日飙升逾 16%，今日下跌或属短期获利回吐，与基本面强劲形成反差。

Chifeng Jilong Gold (6693.HK) opened higher but fluctuated downward, closing at HK$32.08, nearly flat from the previous close of HK$32.04. The stock hit an intraday high of HK$33.00 in the morning session before declining to a low of HK$31.90 in the afternoon, with an intraday range of about 3.4%. The rally was driven by gold prices breaking above US$4,120/oz, the central bank's 20th consecutive month of gold purchases, and the company's profit warning for 1H26 net profit to rise up to 61% YoY. Q1 net profit surged 116.41% YoY to HK$1.12 billion, with a net margin of 27.8%. Despite strong fundamentals, the stock remains 35.71% below its 52-week high of HK$49.90 and below the MA60 (HK$31.183), reflecting lingering valuation overhang. However, the broader market fell 239 points, led by a 7%+ slump in Tencent and NetEase, keeping gold miners as a relative safe haven.

6693.HK opened high and climbed further, driven by robust gold prices and the company's continued earnings beat. After net profit surged 62.44% YoY in Q4 2025, Q1 2026 saw a further 116.41% YoY jump, propelling the stock to an intraday high of 29.24 HKD and closing up 5.48% at 29.28 HKD on turnover of 19.79 million HKD. The price has reclaimed its 20-day moving average of 26.72 HKD, though it remains 41.32% below the 52-week high of 49.9 HKD and below the 60-day MA of 31.25 HKD, indicating an unbroken medium-term downtrend. However, the stock is still down 4.56% year-to-date, and today's trading was confined to a single 09:30 BJ bar, leaving the sustainability of the rally in question.

Chifeng Gold (6693.HK) opened lower but rallied in the morning session, closing at HK$27.68, up 4.85% day-on-day, driven by a relief rally after Morgan Stanley's stake sale and the company's earlier profit alert for 1H26 net profit up to 61% YoY. The stock traded from HK$27.12 to an intraday high of HK$27.86, with a range of ~HK$0.74, on turnover of HK$4.63 million and a low turnover rate of 0.07%. Despite the gain, the current price remains 44.53% below the 52-week high of HK$49.9, though it has recovered above the 20-day moving average of HK$26.50; the YTD decline stands at 9.78%, with a PE of 12.95x and PB of 3.25x. However, the stock has previously experienced sharp swings due to gold price volatility and tie-up speculation with Zijin, leaving near-term sentiment cautious.