Chifeng Gold's net profit in 2025 increased 74.7% year-over-year, with 2026 targets of 14.7 tons of gold production and sales, and 11,000 tons of electrolytic copper.

On March 20, Chifeng Gold (600988.SH) released its 2025 annual report. In 2025, the company achieved operating revenue of 12.639 billion yuan, a year-on-year increase of 40.03%, and net profit attributable to shareholders of 3.082 billion yuan, up 74.7%.

The company’s gold production and sales target for 2026 is 14.7 tons, and electrolytic copper is 11,000 tons. The company will focus on key annual tasks, fully implementing safety production, increasing output and reserves, and improving quality and efficiency. 2026 is also a critical year for a new round of strategic breakthroughs, laying the foundation for a surge in production from 2028 to 2030.

The company stated that driven by hedging demand and diversified asset allocation, global gold market investment enthusiasm significantly increased in 2025. As of the end of December 2025, the London spot gold fixing price increased by 62.90% compared to the beginning of the year, and the Shanghai Gold Exchange Au9999 gold closing price rose by 58.78%. According to the World Gold Council, global gold demand (including over-the-counter trading) exceeded 5,000 tons for the first time in 2025. Gold prices hit record highs multiple times throughout the year, with a total of 53 record-breaking days, and the total global gold demand reached $555 billion, a year-on-year increase of 45%.