Tongkun Group 1H net income 1.10B yuan

Tongkun Group 1H net income 1.10B yuan

Tongguan Gold Group Limited, an investment holding company based in Hong Kong, has announced robust financial growth for the first half of 2025. The company, which operates in the gold mining and recycling industry, reported a significant increase in its net profit, reaching approximately HK$350 million. This represents a 285% increase from the previous year, indicating strong operational performance and improved market positioning [2].

The company's revenue also grew by 21% to approximately HK$1,029 million, further underscoring its financial health. Tongguan Gold Group's stock performance has been notable, with a year-to-date (YTD) price performance of 279.88% and an average trading volume of 26,056,309 shares [2]. The current market capitalization stands at HK$8.14 billion.

Tongguan Gold Group, formerly known as China Mining Resources Group Limited, changed its name in April 2018. The company's business activities include exploration, mining, processing, smelting, and the sale of gold and related products, as well as gold recycling. It is incorporated in Bermuda with limited liability and is listed on the Hong Kong Stock Exchange [1].

Analysts have rated the stock a Hold with a HK$2.00 price target, reflecting a cautious yet optimistic outlook on the company's future prospects [2]. The technical sentiment signal is currently Buy, suggesting positive market sentiment.

For a thorough assessment of Tongguan Gold Group Limited's stock, investors are advised to refer to the company's official financial reports and the latest analyst forecasts.

References:
[1] https://ca.finance.yahoo.com/quote/0340.HK/
[2] https://www.tipranks.com/news/company-announcements/tongguan-gold-group-ltd-reports-robust-financial-growth-in-first-half-of-2025