On September 8, ZHAOJIN MINING rose 3.02% in regular trading, trading at 22.52 HKD/share, with turnover of HKD 176 million. The rally was driven by a broad-based advance across the gold sector, fueled by fresh data showing the Chinese central bank extended its gold-buying streak to 22 consecutive months.
According to the latest official data, China's gold reserves reached 76.73 million ounces at the end of August, with monthly purchases exceeding 600,000 ounces in both July and August, signaling an accelerating pace of accumulation. The sector responded strongly, with LINGBAO GOLD up 4.61%, ZIJIN GOLD INTL up 3.69%, and CHINAGOLDINTL up 3.17%.
On the company level, ZHAOJIN MINING recently completed the issuance of a RMB 1 billion 240-day super short-term financing note at a coupon rate of just 1.39%, further optimizing its debt structure. The company also reported solid first-half results, with revenue of RMB 9.022 billion, up 29.38% year-over-year, and gross margin rising to 48.18%, underpinning its valuation.
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