# Annual Results Announcement for the Year Ended 31 December 2025 Source Brief: https://evesgoldminers.com/research/source-briefs/wanguo-gold-group-limited-annual-results-announcement-for-the-year-ended-31-decem-e7636022 Original source: https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0318/2026031801724.pdf EGM generated: 2026-09-27 Company: Wanguo Gold Group Limited (3939) ## Use Note This is the Eve's Gold Miners normalized Markdown copy of an official or regulatory public source. It is provided for readability, search discovery, and research resilience. The original source remains authoritative for legal, regulatory, and investment decisions. ## Extracted Document Text # Annual Results Announcement for the Year Ended 31 December 2025 Source: https://www1.hkexnews.hk/listedco/listconews/sehk/2026/0318/2026031801724.pdf Fetched: 2026-09-26T02:07:12.011+00:00 Source artifact: e7636022-dd74-4922-86bd-9034b29cb287 Normalizer input: text ## Content # Annual Results Announcement for the Year Ended 31 December 2025 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. Wanguo Gold Group Limited 萬國黃金集團有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 3939) ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2025 FINANCIAL HIGHLIGHTS: Year ended 31 December 2025 2024 RMB ’000 RMB ’000 Increase Revenue 3,161,200 1,875,561 68.5% Cost of sales (813,067) (878,568) (7.5)% Gross profit 2,348,133 996,993 135.5% Gross profit margin 74.3% 53.2% 21.1p.pt Profit before tax 2,096,401 805,753 160.2% Profit attributable to owners of the Company 1,354,964 575,375 135.5% Profit attributable to owners of the Company excluded deferred tax 1,503,623 573,816 162.0% • Revenue increased by 68.5% to approximately RMB3,161.2 million. • Gross profit increased by 135.5% to approximately RMB2,348.1 million. • Gross profit margin increased by 21.1 percentage points to 74.3%. • Profit attributable to owners of the Company increased by 135.5% to approximately RMB1,355.0 million. • Basic earnings per share was RMB31.04 cents (2024: RMB16.41 cents). • The Board recommended the payment of a final dividend of RMB10.1 cents (equivalent to approximately HK$11.2 cents) per share (2024: RMB14.5 cents per share or RMB3.625 cents per share after share subdivision) and a special dividend of RMBnil cents (2024: RMB7.5 cents per share or RMB1.875 cents per share after share subdivision). 1 The board (the “ Board ” ) of directors (the “ Directors ” ) of Wanguo Gold Group Limited (the “Company”) is pleased to announce the following audited consolidated results of the Company and its subsidiaries (collectively referred to as the “Group”) for the year ended 31 December 2025 together with comparative figures for the year ended 31 December 2024. CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME For the year ended 31 December 2025 2025 2024 NOTES RMB'000 RMB'000 Revenue 4 3,161,200 1,875,561 Cost of sales (813,067) (878,568) Gross profit 2,348,133 996,993 Other income 5 29,377 6,665 Other gains and losses 6 69,934 2,828 Distribution and selling expenses (152,299) (54,706) Administrative expenses (190,935) (133,772) Finance costs 7 (7,809) (12,255) Profit before tax 2,096,401 805,753 Income tax expense 8 (599,799) (114,573) Profit for the year 9 1,496,602 691,180 Other comprehensive expense for the year – Exchange differences on translation from functional currency to presentation currency (9,035) (4,146) Total comprehensive income for the year 1,487,567 687,034 Profit for the year attributable to: Owners of the Company 1,354,964 575,375 Non-controlling interests 141,638 115,805 1,496,602 691,180 Total comprehensive income attributable to: Owners of the Company 1,344,460 570,534 Non-controlling interests 143,107 116,500 1,487,567 687,034 Earnings per share Basic (RMB cents) 10 31.04 16.41 Dilutive (RMB cents) 10 30.89 N/A 2 CONSOLIDATED STATEMENT OF FINANCIAL POSITION At 31 December 2025 2025 2024 NOTES RMB ’000 RMB ’000 Non-current assets Property, plant and equipment 1,416,263 918,680 Right-of-use assets 53,231 54,621 Mining rights 12 232,628 212,974 Exploration and evaluation assets 13 311,814 237,657 Other intangible asset 14 312,165 312,165 Intangible assets 3,085 3,298 Deposit for purchase of property, plant and equipment 132,046 4,973 Deferred tax assets 7,263 5,747 Restricted bank balances 7,540 6,274 Other receivable 15 24,630 20,830 2,500,665 1,777,219 Current assets Inventories 333,188 174,743 Trade and other receivables 15 619,761 331,095 Financial assets at fair value through profit or loss (“FVTPL”) 1,537,494 1,335,157 Amount due from a related company 16 3 3 Amount due from a non-controlling interest 16 45,547 – Bank balances and cash – restricted bank balances 3,308 3,258 – cash and cash equivalents 1,025,348 513,728 – term deposit 175,720 – 3,740,369 2,357,984 Current liabilities Trade and other payables 17 267,134 156,082 Contract liabilities 11,256 3,853 Lease liabilities 1,094 761 Amounts due to related parties 18 615 655 Consideration payable to a former non-controlling shareholder of a subsidiary 47,936 57,936 Tax payable 312,676 91,164 Bank borrowings 19 72,551 183,062 713,262 493,513 Net current assets 3,027,107 1,864,471 Total assets less current liabilities 5,527,772 3,641,690 3 CONSOLIDATED STATEMENT OF FINANCIAL POSITION (CONTINUED) At 31 December 2025 2025 2024 NOTES RMB ’000 RMB ’000 Non-current liabilities Bank borrowings 19 56,000 77,600 Lease liabilities 2,024 2,283 Deferred income 3,152 4,010 Deferred tax liabilities 268,881 89,391 Provisions for restoration costs 20,085 15,085 350,142 188,369 Capital and reserves Share capital 20 93,273 91,223 Reserves 4,622,507 3,043,355 Equity attributable to owners of the Company 4,715,780 3,134,578 Non-controlling interests 461,850 318,743 Total equity 5,177,630 3,453,321 5,527,772 3,641,690 4 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 1. GENERAL INFORMATION AND BASIS OF PREPARATION OF THE CONSOLIDATED FINANCIAL STATEMENTS Wanguo Gold Group Limited is a public limited company incorporated in the Cayman Islands and its shares are listed on the Main Board of The Stock Exchange of Hong Kong Limited. The addresses of the registered office and principal place of business of the Company are disclosed in the corporate information section of the annual report. The principal activity of the Company is investment holding. The principal subsidiaries of the Company are (i) Jiangxi Province Yifeng Wanguo Mining Company Ltd (“Yifeng Wanguo”), located in Jiangxi Province, the PRC, which is engaged in mining and processing of ores and sales of processed concentrates in the PRC, and (ii) GRML, located in the Solomon Islands, which is engaged in exploration, mining and processing of mineral resources, and sales of processed gold concentrates and gold doré in the Solomon Islands. As at 31 December 2025, Victor Soar Investments Limited, a company incorporated in the British Virgin Islands, wholly owned and controlled by Mr. Gao Mingqing who is the chairman and executive director of the Company, held approximately 25.57% of the issued shares of the Company, being the single largest shareholder of the Company. The consolidated financial statements are presented in Renminbi (“RMB”), which is different from the Company’s functional currency of Hong Kong dollars (“HK$”). The consolidated financial statements are presented in RMB, as the operation of one of the Group’s principal subsidiaries is principally conducted in the PRC. 5 2. APPLICATION OF NEW AND AMENDMENTS TO HONG KONG FINANCIAL REPORTING STANDARDS (“HKFRSs”) Amendments to HKFRSs Accounting Standard that are mandatorily effective for the current year In the current year, the Group has applied the following amendments to HKFRSs Accounting Standard issued by the Hong Kong Institute of Certified Public Accountants (“HKICPA”) for the first time, which are mandatorily effective for the Group’s annual period beginning on 1 January 2025 for the preparation of the consolidated financial statements: Amendments to HKAS 21 Lack of Exchangeability The application of the amendments to HKFRSs Accounting Standard in the current year has had no material impact on the Group’s financial positions and performance for the current and prior years and/or on the disclosures set out in these consolidated financial statements. New and amendments to HKFRSs Accounting Standard in issue but not yet effective The Group has not early applied the following new and amendments to HKFRSs that have been issued but are not yet effective: Amendments to IAS 21 Translation to a Hyperinflationary Presentation Currency3 Amendments to HKFRS 9 and HKFRS 7 Amendments to the Classification and Measurement of Financial Instruments2 Amendments to HKFRS 9 and HKFRS 7 Contracts Referencing Nature-dependent Electricity2 Amendments to HKFRS 10 and HKAS 28 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture1 Amendments to HKFRS Accounting Standards Annual Improvements to HKFRS Accounting Standards – Volume 112 HKFRS 18 Presentation and Disclosure in Financial Statements3 1 Effective for annual periods beginning on or after a date to be determined. 2 Effective for annual periods beginning on or after 1 January 2026. 3 Effective for annual periods beginning on or after 1 January 2027. Except for the new HKFRS mentioned below, the directors of the Company anticipate that the application of all other amendments to HKFRSs will have no material impact on the consolidated financial statements in the foreseeable future. HKFRS 18 “Presentation and Disclosure in Financial Statements” HKFRS 18, which sets out requirements on presentation and disclosures in financial statements, will replace HKAS 1 “Presentation of Financial Statements”. This new HKFRS Accounting Standard, while carrying forward many of the requirements in HKAS 1, introduces new requirements to present specified categories and defined subtotals in the statement of profit or loss; provide disclosures on management-defined performance measures in the notes to the financial statements and improve aggregation and disaggregation of information to be disclosed in the financial statements. In addition, some HKAS 1 paragraphs have been moved to HKAS 8 “Accounting Policies, Changes in Accounting Estimates and Errors” and HKFRS 7 “Financial Instruments: Disclosures”. Minor amendments to HKAS 7 “Statement of Cash Flows” and HKAS 33 “Earnings per Share” are also made. HKFRS 18, and amendments to other standards, will be effective for annual periods beginning on or after 1 January 2027, with early application permitted. HKFRS 18 requires retrospective application with specific transition provisions. The application of the new standard is not expected to have significant impact on the financial performance and positions of the Group in terms of recognition and measurement. However, it is expected to affect the structure and presentation of the consolidated statement of profit or loss. 6 3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS AND MATERIAL ACCOUNTING POLICY INFORMATION 3.1 Basis of preparation of consolidated financial statements The consolidated financial statements have been prepared in accordance with HKFRSs Accounting Standard issued by the HKICPA. For the purpose of preparation of the consolidated financial statements, information is considered material if such information is reasonably expected to influence decisions made by primary users. In addition, the consolidated financial statements include applicable disclosures required by the Rules Governing the Listing of Securities on The Stock Exchange (“Listing Rules”) and disclosure requirements of the Hong Kong Companies Ordinance (“HKCO”). 3.2 Material accounting policy information Basis of consolidation The consolidated financial statements incorporate the financial statements of the Company and entities controlled by the Company and its subsidiaries. Control is achieved when the Company: • has power over the investee; • is exposed, or has rights, to variable returns from its involvement with the investee; and • has the ability to use its power to affect its returns. The Group reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elemen [Excerpt trimmed for readability. Open the original source for the complete filing or document.]