On September 1, ZHAOJIN MINING fell 3.02% in regular trading, trading at HKD 22.5/share with turnover of HKD 149 million, extending the prior session's over 8% decline.

On the news front, the company's interim results revealed H1 total gold output of 12.53 tonnes, down 12.33% year-over-year, with mine-produced gold declining 21.87% as affected mines remain shut down and capacity recovery stalled. Although H1 revenue rose 29.38% to RMB 9.022 billion and gross margin improved to 48.18%, institutions noted Q2 net profit attributable to parent shareholders dropped approximately 67% quarter-over-quarter, primarily due to expanded fair value losses and declining output. The production gap for mine-produced gold is expected to widen further in H2.

Management disclosed that domestic mine safety supervision has intensified significantly, with two safety incidents at subsidiary mines during the period leading to prolonged shutdowns. The company stated it will pursue accelerated production resumption and output recovery to minimize annual target shortfalls, though the rigid production gap formed in H1 remains a near-term overhang.

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