Hong Kong Stock Movement: SUCCESS DRAGON's net profit expectation surges, gold ore processing revenue boosts stock price by 25.49%

Hong Kong Stock Movement

SUCCESS DRAGON surged 25.49%. Based on recent key news:

1. On November 17, SUCCESS DRAGON announced that it expects to record a net profit of approximately HKD 25.7 million for the six months ending September 30, 2025, compared to a net loss of approximately HKD 3.4 million in the same period last year. This turnaround from loss to profit is mainly attributed to increased processing revenue from gold ore in Henan Province, completion of mining area infrastructure construction, and the resumption of gold ore production driving performance improvement. Source: Zhitong Finance

2. On November 17, the completion of infrastructure construction by SUCCESS DRAGON boosted processing revenue from gold ore in Henan Province, becoming the main reason for the company's turnaround from loss to profit. Source: Economic Information Daily

3. On November 17, the increase in processing revenue from gold ore by SUCCESS DRAGON was mainly due to the completion of mining area infrastructure construction and the resumption of gold ore production, with an expected net profit of HKD 25.7 million. Source: Zhitong Finance The gold ore processing industry has recently performed strongly.

Stocks with High Trading Volume in the Industry

Zijin Mining fell 2.62%. Based on recent key news:

1. On November 15, Morgan Stanley faced inquiries from the U.S. House of Representatives regarding its due diligence in participating in Zijin Gold International's IPO. This incident raised market concerns about Zijin Mining, leading to a decline in stock price. Source: Bloomberg

2. On November 15, Zijin Mining was blacklisted for allegedly violating U.S. sanctions, leading the market to adopt a wait-and-see attitude towards its future development, affecting stock performance. Source: Bloomberg

3. On November 13, despite international gold prices being high and strong online sales of gold products indicating sustained market demand for gold, it failed to boost Zijin Mining's stock price. Source: Qianjiang Evening News Strong gold demand, high market volatility risk.

Zhaojin Mining fell 2.27%. Based on recent key news:

1. On November 17, Zhaojin Mining announced that its second phase of ultra-short-term financing bonds for 2025 will be redeemed on November 21, involving an amount of HKD 2.03 billion. This news may raise market concerns about the company's short-term liquidity situation, leading to a 2.8% decline in stock price. Source: Zhitong Finance

2. On November 17, although investment banks primarily rated Zhaojin Mining as a buy with a target average price of HKD 31.82, the market reacted cautiously to its short-term bond redemption, affecting investor confidence. Source: Zhitong Finance

3. On November 17, First Shanghai rated Zhaojin Mining as a buy with a target price of HKD 43.72, showing market confidence in its long-term prospects, but in the short term, the stock price is still affected by the bond redemption news. Source: Zhitong Finance The gold industry has recently been volatile, focusing on liquidity risks.

Zijin Gold International fell 2.29%. Based on recent key news:

1. On November 15, Morgan Stanley faced inquiries from the U.S. House of Representatives regarding its due diligence in participating in Zijin Gold International's IPO. This incident triggered a crisis of trust in Zijin Gold International, leading to a decline in stock price

2. On November 17, the Hong Kong Stock Exchange announced that Zijin Mining International will be included in the designated securities list for short selling on November 21. This news may exacerbate the selling pressure on the stock.

3. There are no other significant news recently. The Hong Kong stock market has been quite volatile lately, and investors should exercise caution.

Stocks with High Market Capitalization in the Industry

Shandong Gold fell by 1.54%. Based on recent news,

1. On November 17, Shandong Gold's management stated at a press conference that the company is formulating a low-grade resource utilization plan, taking advantage of the favorable situation of high gold prices. However, cost pressures have emerged, with the net profit margin in the third quarter dropping sharply by 27.08% to 5.71%, indicating a significant decline in profitability efficiency. During this period, operating expenses increased by CNY 647 million year-on-year to CNY 4.732 billion, a growth rate of 15.84%, with management expenses showing the most significant increase, rising by CNY 692 million year-on-year, an increase of nearly 36%. These factors have led to a decline in stock price. Source: Zhitong Finance

2. On November 17, Shandong Gold faces dual challenges of tax issues and cost pressures, and how to maintain profit growth in a high-cost environment remains highly uncertain. Management indicated that the technical investment and capital occupation pressure brought by low-grade development are significant, with operating expenses increasing by 2.1% quarter-on-quarter in the third quarter, and R&D expenses and financial expenses rising by 18.63% and 2.17% respectively quarter-on-quarter. These challenges may affect future development. Source: Zhitong Finance The gold industry faces cost pressures and tax challenges