HONG KONG ECONOMY TODAY NEWS (Sept 25) - Shandong Gold (01787) is down 7.7%, trading at HK$18.47, with approximately 9.04 million shares traded, involving HK$171 million. The stock has declined for eight consecutive days, and compared to its closing price of HK$24.58 on September 16, it has cumulatively dropped by 24.9%.

    Last week, Shandong Gold announced that its production target for this year has been revised from no less than 49 tonnes of gold to between 36 and 38 tonnes. Compared to last year's mine production of 48.89 tonnes of gold, this year's expected mine output is projected to decrease by approximately 11 to 13 tonnes year-on-year, a decline of 22.5% to 26.6%. This is expected to have a certain impact on major accounting figures such as operating revenue, total profit, and net profit attributable to shareholders of the listed company. It is anticipated that net profit attributable to shareholders of the listed company will decline year-on-year this year, with the specific impact subject to audited annual financial reports.

    Currently, the Hang Seng Index stands at 24,721, up 211 points or 0.9%, with main board turnover exceeding HK$15.7 billion. The Hang Seng China Enterprises Index is at 8,252, up 87 points or 1.1%. The Hang Seng Tech Index is at 4,317, up 5 points or 0.1%. (vs)