Sichuan Gold's net profit attributable to the parent company in Q4 2025 is expected to decline quarter-on-quarter; the third-largest shareholder just cashed out nearly 180 million yuan.

Precious Metals Industry “Bull Stock” Sichuan Gold (SZ001337, stock price 73.53 yuan, market value 30.9 billion yuan) disclosed its 2025 performance forecast on the evening of January 29. The company expects a net profit attributable to shareholders of listed companies of 420 million to 480 million yuan in 2025, an increase of 69.23% to 93.4% compared to approximately 248 million yuan in the same period last year. It is estimated that the net profit after deducting non-recurring gains and losses will be 426 million to 486 million yuan, up 76.91% to 101.83% from about 241 million yuan last year. The basic earnings per share are projected to be 1 yuan/share to 1.1429 yuan/share.

Image source: Sichuan Gold announcement screenshot

Sichuan Gold stated that it has had preliminary communication with ShineWing Zhonghe Certified Public Accountants (Special General Partnership) regarding this performance forecast, and both parties agree that there are no disagreements about the forecast. The company’s 2025 annual report is expected to be disclosed by April 3, 2026.

Net profit attributable to the parent in Q4 2025 is expected to decline quarter-over-quarter

According to Sichuan Gold’s 2025 third-quarter report, the company achieved a net profit attributable to shareholders of approximately 369 million yuan in the first three quarters of 2025. Based on this, it is estimated that the net profit attributable to shareholders in Q4 2025 will be between 51 million and 111 million yuan. Additionally, Sichuan Gold achieved a net profit attributable to shareholders of about 160 million yuan in Q3 2025. Therefore, considering the range of 51 million to 111 million yuan, the net profit attributable to shareholders in Q4 2025 is expected to decline quarter-over-quarter.

Regarding the reasons for the forecasted increase in performance in 2025, Sichuan Gold stated that it is mainly due to an increase in gold concentrate sales volume year-over-year and rising gold prices.

According to Sichuan Gold’s 2025 semi-annual report, the company’s main business revolves around the construction, mining, beneficiation, and sales of gold concentrates and refined gold. The company transports native ore mined to the processing plant, where flotation processes produce gold concentrate; oxidized ore mined alongside the native ore is transported to heap leaching sites, where spraying leaching processes produce refined gold. The company sells gold concentrate and refined gold to downstream smelting or refining enterprises, which process them into standard gold products tradable on the Shanghai Gold Exchange. Standard gold is mainly used for jewelry, industrial gold, investment products, and government reserves.

Sichuan Gold was established in August 2006 and listed on the Shenzhen Stock Exchange Main Board in March 2023. According to its 2025 third-quarter report, its largest shareholder is Sichuan Gold Group Co., Ltd. (holding 31.32%), with the actual controller publicly disclosed as Sichuan Provincial Geological Mineral Exploration and Development Bureau.

The third-largest shareholder just reduced holdings and cashed out nearly 1.8 billion yuan

A reporter from Daily Economic News noted that benefiting from recent consecutive record highs in spot gold prices, many A-share nonferrous metal concept stocks, including Sichuan Gold, have recently experienced significant gains.

According to Wind Financial Terminal, as of the morning of January 29, Beijing time, the spot gold priced in US dollars briefly reached 5598.75 USD/ounce, setting a new historical high, with a year-to-date increase of nearly 28%.

Wind data shows that from January 9 to January 29, Sichuan Gold’s stock price increased by a total of 156.11% over 15 trading days, including 8 “limit-up” days.

That evening, Sichuan Gold also disclosed the reduction of holdings by its third-largest shareholder holding more than 5%. Sichuan Gold stated that it recently received a “Notice of Completion of Share Reduction Plan” from Beijing Jinyang Mining Investment Co., Ltd. (hereinafter referred to as Beijing Jinyang). Between November 7, 2025, and January 28, 2026, Beijing Jinyang reduced a total of 5.31232 million shares through centralized bidding and block trades, accounting for 1.2648% of the company’s total share capital. The reduction price ranged from 27.08 yuan/share to 55.92 yuan/share.

Image source: Sichuan Gold announcement screenshot

Based on Sichuan Gold’s disclosed average reduction price, Beijing Jinyang cashed out approximately 177 million yuan in this reduction. In addition to reducing holdings, Beijing Jinyang also解除质押了其持有的186万股四川黄金股份。

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(Article source: Daily Economic News)