Gold-Listed Companies' 2025 Performance Results Released: Upstream Mining Enterprises Profit Handsomely, Downstream Jewelry Merchants Show Significant Differentiation

NightAirdropper · 2026-03-24T21:43:32+00:00

Recently, listed companies in the gold industry chain released their 2025 performance results. Upstream mining enterprises such as Zijin Mining and Chifeng Gold showed significant growth, while downstream jewelry retail companies like Lao Feng Xiang experienced performance declines, reflecting serious industry fragmentation. Under high gold prices, traditional enterprises face pressure, while companies with brand-building layouts performed better. Additionally, international gold prices fluctuated due to geopolitical conflicts and inflation expectations, with complex market sentiment.

NightAirdropper

2026-03-24 21:43:32

Abstract generation in progress

[Source: Global Times]

[Global Times Financial News] Recently, publicly listed companies in the gold industry chain have been releasing their 2025 performance reports.

Specifically, upstream gold mining companies have become the biggest beneficiaries of rising gold prices. Zijin Mining’s 2025 performance announcement shows that the company achieved an operating revenue of 349.079 billion yuan, a year-on-year increase of 14.96%; net profit attributable to shareholders was 51.777 billion yuan, a significant increase of 61.55%. Chifeng Gold also reported strong results, with 2025 operating revenue of 12.639 billion yuan, up 40.03% year-on-year; net profit attributable to shareholders was 3.082 billion yuan, up 74.70%.

In stark contrast, downstream gold jewelry retail performance varies significantly. For example, Lao Fengxiang’s earnings report shows that in 2025, the company achieved revenue of 52.823 billion yuan, a decrease of 6.99% year-on-year; net profit attributable to shareholders was 1.755 billion yuan, down 9.99%. Chao Hongji is expected to achieve a net profit of 436 million to 533 million yuan in 2025, representing a year-on-year increase of 125% to 175%.

Industry insiders believe that the downstream retail sector is experiencing clear segmentation due to high gold prices. Traditional gold jewelry companies are under pressure, while brands and companies with differentiated layouts are breaking through against the trend. The industry is accelerating its transformation toward boutique and branding. Additionally, international gold prices have recently experienced intense fluctuations. The current geopolitical conflicts have triggered a chain reaction in the market, with rising inflation expectations forcing the Federal Reserve to delay interest rate cuts. Coupled with the previous sharp increase in gold prices and profit-taking, short-term price corrections have occurred. (Nan Mu)

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