[CICC Gold: Net profit is expected to increase by 50%-58% year-on-year in the first three quarters, and the profitability of main products such as gold and copper will increase] On October 15th, CICC Gold (600489.SH) announced that the net profit attributable to shareholders of listed companies in the first three quarters of 2026 is expected to be 5.520 billion yuan-5.800 billion yuan, a year-on-year increase of 50.05%-57.66%. The company's performance growth is mainly attributed to the significant increase in profitability of its main products such as gold and copper. Specifically, during the reporting period, the prices of major metals such as gold and copper increased significantly year-on-year, providing solid support for the revenue side; at the same time, by-products such as sulfuric acid also achieved considerable revenue growth, further increasing profit margins. Against the backdrop of a favorable external market environment, the company focused on optimizing internal management and made every effort to improve quality, increase efficiency and stabilize growth. By deepening lean operations and strictly controlling cost expenditures, the company continued to promote cost reduction and efficiency improvement, effectively laying a solid foundation for profitability. On this basis, the gross profit margin of core businesses such as mining and gold has increased significantly year-on-year. Price increases, by-product contributions and operational efficiency improvements have worked together to help the overall performance grow steadily. Xiaocai Note: The company's Q3 net profit is expected to be 1.163 billion-1.443 billion, and Q2 net profit is 1.976 billion. Based on this calculation, Q3 net profit is expected to drop 26%-41% month-on-month.