Hunan Gold Corp Ltd

Hunan Gold announced plans to acquire 100% equity in Gold Tianyue and Zhongnan Smelting respectively, with the company's shares resuming trading on August 27, 2026. Meanwhile, Ningbo Dongli plans to raise no more than 1 billion yuan through a private placement for a precision reducer intelligent manufacturing project, and JLC plans to invest about 1.5 billion yuan to implement the Zhuhai base expansion project. In addition, several companies released first-half results, among which Xinsai's net profit grew 1819.68% year-on-year, Lianxun Instruments grew 903%, and BeiGene's net profit was 3.271 billion yuan, up 627.15% year-on-year.

Hunan Gold released its 2026 interim report, with net profit attributable to the parent company of 957 million yuan, up 46.01% from the same period last year. The company's total operating revenue was 32.029 billion yuan, up 12.63% year on year, achieving five consecutive years of growth. Net cash flow from operating activities was negative 106 million yuan. The latest asset-liability ratio was 12.40%, gross margin was 5.65%, return on equity was 11.13%, and diluted earnings per share was 0.61 yuan.

Hunan Gold has received approval from the Hunan State-owned Assets Supervision and Administration Commission, agreeing in principle for the company to acquire 100% equity in Hunan Gold Tianyue Mining and 100% equity in Hunan Zhongnan Gold Smelting through share issuance. The purchase price will be no lower than the asset appraisal value filed with the Hunan SASAC. The commission also agreed in principle for the company to raise supporting funds of no more than 1 billion yuan through a private placement. The total consideration for this restructuring is 4.334 billion yuan, with a share issuance price of 16.76 yuan per share. The company plans to raise no more than 1 billion yuan from up to 35 qualified investors. After the transaction, the company will hold 100% equity in the target companies, integrating gold mining, beneficiation, and smelting operations. The actual controller will remain the Hunan SASAC. This transaction still requires shareholder approval and other regulatory procedures as required by laws and regulations, and there are uncertainties.

Hunan Gold Co., Ltd. announced that its third-tier subsidiary, Gansu Chenzhou Mining Development Co., Ltd., has completed the absorption and merger of Gansu Jiaxin Mining Co., Ltd. Gansu Chenzhou's registered capital has been changed to 183.85475 million yuan, with the company holding an 80% stake. The merger aims to improve operational management efficiency and reduce costs. Gansu Chenzhou continues to exist and assumes all assets, liabilities, businesses, and personnel of Gansu Jiaxin, while Gansu Jiaxin's legal entity status is cancelled. The company stated that this merger does not affect the scope of consolidated financial statements and will not have an adverse impact on overall business development or profitability.

Hunan Gold has disclosed a restructuring draft, planning to acquire 100% equity in Gold Tianyue and 100% equity in Zhongnan Smelting through share issuance, with a total transaction consideration of 4.334 billion yuan, and also intends to raise matching funds of no more than 1 billion yuan. The 100% equity in Gold Tianyue is valued at approximately 3.502 billion yuan, and the 100% equity in Zhongnan Smelting is valued at approximately 832 million yuan, with the share issuance price for the asset purchase set at 16.76 yuan per share. Gold Tianyue holds five mining rights and six exploration rights in the Wangu mining area, with 2025 operating revenue of about 235 million yuan and net profit of about 50 million yuan. Zhongnan Smelting is mainly engaged in the smelting and processing of high-arsenic, high-sulfur refractory gold concentrates. After the transaction, Hunan Gold will integrate the mining, beneficiation, and smelting segments of the gold resources in the Wangu mining area, further increasing its gold resource reserves. The draft shows that the cumulative net profit commitment for the mining rights assets of Gold Tianyue in the Wangu mining area during the performance commitment period is no less than 2.022 billion yuan if implemented by the end of 2026, or 2.028 billion yuan if implemented in 2027. Previously, the Hunan Provincial Geological Institute announced a major exploration breakthrough in the Wangu gold field, with cumulative proven gold resources of 300.2 tonnes in the core exploration area, and predicted prospective gold reserves exceeding 1,000 tonnes at depths above 3,000 metres.

Several listed companies on the Shanghai and Shenzhen stock exchanges issued important announcements on the evening of July 8. Tianhao Energy plans to acquire 100% equity of Tianhao New Energy, with shares resuming trading on the 9th. Hunan Gold plans to issue shares to acquire Gold Tianyue and Central South Smelting at a valuation of 4.334 billion yuan. Huahong Grace's purchase of 97.4988% equity of Huali Microelectronics and the associated fundraising plan have received approval for registration. In terms of earnings forecasts, BOE Technology expects first-half net profit to grow 54% to 69% year-on-year, Maxvision Technology expects growth of 336.02% to 460.59%, Haisco Pharmaceutical expects growth of 513.25% to 575.35%, and Huachang Chemical expects growth of 1025.93%. Additionally, Jingang Photovoltaic's controlling shareholder plans to increase its stake in the company by no less than 100 million yuan, and China Nerin Engineering signed an overseas project design and supply framework agreement contract worth approximately 1.123 billion yuan.