HK Stock Market Move | Tongguan Gold (00340) up nearly 6%; expected net profit to increase by about 289% to 298% year-on-year.

TONGGUAN GOLD (00340) rose nearly 6%, as of the time of writing, it has increased by 5.87% to 3.79 Hong Kong dollars, with a turnover of 46.0428 million Hong Kong dollars. On the news front, on the evening of February 23, TONGGUAN GOLD announced that it is expected to achieve a profit attributable to the company's owners of approximately 820 million to 840 million Hong Kong dollars in 2025, an increase of about 289% to 298% year-on-year. This figure includes non-operating expenses of approximately 55 million Hong Kong dollars, which are related to the fair value changes of convertible bonds and derivative instruments of contingent consideration. Excluding this non-operating expense, the adjusted profit attributable to the company's owners in 2025 is estimated to be around 875 million to 895 million Hong Kong dollars, an increase of about 315% to 324% compared to the previous year. The increase in profit attributable to the company's owners is mainly due to an increase in the production and sales of mineral gold and an increase in the average selling price compared to the previous year.