HK Stock Market Move | TONGGUAN GOLD (00340) rose nearly 4%, expecting that the profit attributable to shareholders for the interim period will increase by approximately 49% to 55% year-on-year.

TONGGUAN GOLD (00340) rose nearly 4%. As of the time of writing, it was up 3.97%, priced at HKD 2.88, with a trading volume of HKD 55.5034 million. On August 9, TONGGUAN GOLD announced that it expects to achieve a profit attributable to shareholders of approximately HKD 510 million to HKD 530 million for the six months ending June 30, 2026, an increase of about 49% to 55% compared to the profit attributable to shareholders of approximately HKD 343 million for the same period in 2025. The announcement stated that the profit for the mid-2026 period includes a one-time income tax expense of approximately HKD 95 million for the fiscal year 2025. This one-time expense arose due to a notice issued on August 7, 2026, following tax guidance from the tax authorities regarding a subsidiary of the company that previously enjoyed a preferential tax policy for high-tech enterprises, which requires tax payments to be made. Excluding the impact of this one-time tax expense, the adjusted profit attributable to shareholders for the mid-2026 period is expected to be approximately HKD 605 million to HKD 625 million, representing an increase of about 76% to 82% compared to approximately HKD 343 million for the same period in 2025. The increase in profit attributable to shareholders is primarily attributed to an increase in the group's average selling price compared to the same period in 2025.