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The latest announcement is out from Shandong Gold Mining Co., Ltd. Class H ( (HK:1787) ).
Shandong Gold Mining Co., Ltd. announced that its wholly-owned subsidiary, Laizhou Company, must make a supplementary payment of RMB738 million in taxes and late fees due to the free transfer of exploration rights by its former subsidiaries, which did not qualify for special tax treatment. This payment will not affect the company’s current net profit due to its recording as a deferred income tax asset, though the late fees will impact the net profit for 2025. The company assures that this will not significantly impact its operations and is committed to improving tax management to protect shareholder interests.
The most recent analyst rating on (HK:1787) stock is a Buy with a HK$47.00 price target. To see the full list of analyst forecasts on Shandong Gold Mining Co., Ltd. Class H stock, see the HK:1787 Stock Forecast page.
More about Shandong Gold Mining Co., Ltd. Class H
Shandong Gold Mining Co., Ltd. is a leading company in the mining industry, primarily focused on the exploration and extraction of gold. The company operates within the People’s Republic of China and is listed on the Hong Kong Stock Exchange, emphasizing its significant presence in the gold mining sector.
Average Trading Volume: 20,840,882
Technical Sentiment Signal: Buy
Current Market Cap: HK$171.6B
For detailed information about 1787 stock, go to TipRanks’ Stock Analysis page.