Shandong Gold stock gains as 2026 gold target falls

Published on 09/29/2026 at 09:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Shandong Gold stock carries a 36-38 tonne 2026 output plan after a 49 tonne minimum. Its CNY 122.1 billion market value and yearly range frame the risk.

Shandong Gold, CNE000000W78, Illustration mit AI erstellt.

Shandong Gold stock (CNE000000W78) was last at CNY 26.49 on the Shanghai Stock Exchange on September 29, 2026, up 1.26 percent. The market is weighing that daily gain against a production target cut announced on September 24, 2026.

Gold target falls to 36 tonnes

According to Futunn on September 24, Shandong Gold revised its 2026 mined gold target from a minimum of 49 tonnes to 36-38 tonnes. The midpoint of the new range is 37 tonnes, which is 12 tonnes below the former minimum.

The company produced 48.89 tonnes of mined gold in 2025. The revised plan therefore points to an expected 2026 decline of 11-13 tonnes year over year, with the company linking the change to safety self-inspections and faster infrastructure work at domestic mines.

Profit growth meets lower output

The production revision follows a more favorable first-half earnings picture. Investing.com reported that net profit attributable to shareholders reached CNY 3.543 billion in the six months ended June 30, 2026, up more than 26 percent year over year, while revenue fell 5.6 percent to CNY 53.588 billion.

That combination gives investors two separate signals. Profit growth improved during the first half, but the lower full-year production ceiling creates a direct counterweight for the second half and is expected to weigh on 2026 net profit.

Stock gains within wide range

Shandong Gold stock carried a market capitalization of CNY 122.1 billion on September 29, 2026. Its 52-week range was CNY 22.55 to CNY 65.55, placing the latest price CNY 3.94 above the yearly low and CNY 39.06 below the yearly high.

For investors, the key calculation is the gap between near-term earnings momentum and the revised mine output plan. The September 29 gain of 1.26 percent shows a firmer session, while the broad 52-week range keeps the production update central to the stock's risk and valuation discussion.