Key Takeaways:

• Chifeng Jilong's revenue rose nearly 17% in the first quarter and profits more than doubled to 202 million yuan
• The company's production costs fell 12% last year, enabling a rise in profit margin

By Ken Lo

It could be described as a golden opportunity to raise extra cash. After inflation-wary investors sent gold prices to record highs, a Chinese miner of precious metals is hoping the red-hot bullion rally will add some sparkle to its IPO plans.

Global inflation soared over the past two years, boosted by pandemic disruptions and policy responses, followed by a severe energy...