港股黄金股逆势上涨，其中，灵宝黄金涨4.5%，潼关黄金涨3.6%，山东黄金、招金矿业、中国黄金国 际涨超3%，赤峰黄金、紫金矿业涨超1%。 消息上，亚洲早盘现货黄金由跌转涨至0.6%，一度重回3380美元/盎司。随着美联储主席鲍威尔在8月22 日杰克逊霍尔举行的年度经济研讨会上释放明确的"鸽派"信号，扭转前期关于降息预期的摇摆，9月降 息概率大幅增加。 有机构认为，随着美联储9月降息预期大幅提升，名义利率的下降与通胀预期的反弹或将带动实际利率 快速下降，从而利好黄金定价，金价上涨的逻辑更为清晰。(格隆汇) | 代码 | 名称 | 最新价 | 涨跌幅 ▽ | | --- | --- | --- | --- | | 03330 | 灵宝黄金 | 12.040 | 4.51% | | 00340 | 漳关黄金 | 2.000 | 3.63% | | 01787 | 山东黄金 | 28.600 | 3.32% | | 01818 | 招金矿业 | 22.420 | 3.41% | | 02099 | 中国黄金国际 | 92.000 | 3.31% | | 06693 | 赤峰黄金 | 25.160 | 1.29% | ...

Core Insights - Tongguan Gold (00340.HK) reported a mid-year performance for 2025 with a revenue of approximately HKD 1.029 billion, representing a year-on-year growth of 21% [1] - The profit attributable to the company's owners was about HKD 343 million, showing a significant year-on-year increase of 273% [1] - The basic earnings per share were recorded at HKD 0.0817 [1]

Core Viewpoint - Tongguan Gold (00340) reported a significant increase in both revenue and profit for the first half of 2025, driven by higher gold production, sales volume, and average selling price [1] Financial Performance - Revenue for the first half of 2025 was approximately HKD 1.029 billion, representing a year-on-year growth of 21% [1] - Profit attributable to shareholders was around HKD 343 million, showing a substantial increase of 273% compared to the previous year [1] - Basic earnings per share were reported at HKD 0.0817 [1] Production and Sales - The increase in revenue and profit was primarily due to a rise in gold production and sales volume, as well as an increase in the average selling price of gold [1] - The average selling price of gold rose from RMB 499 per gram in the same period of 2024 to RMB 666 per gram during the reporting period [1] - Gold sales volume increased from approximately 1.19 tons in 2024 to about 1.44 tons in the current reporting period [1]

营业额增加乃主要由于矿产金产量及销售量增加及矿产金平均售价上升所致。于中期期间，集团来自黄 金开采业务营业额约为10.29亿港元，较2024年同期增加约60%，乃主要由于(i)矿产金平均售价由2024 年同期每克人民币499元上升至中期期间每克人民币666元上升趋势；及(ii)矿产金销量由2024年同期约 1.19吨增加至中期期间约1.44吨。 格隆汇8月25日丨潼关黄金(00340.HK)公告，截至2025年6月30日止6个月的营业额约为10.29亿港元，同 比增幅为21%。集团的净利润及公司拥有人应占溢利分别约为3.5亿港元及3.43亿港元，同比增幅分别为 285%及273%。2025年的每股基本盈利为8.17港仙，而2024年则为2.26港仙。 ...

公告称，营业额及溢利增加乃主要由于矿产金产量及销售量增加及矿产金平均售价上升所致。矿产金平 均售价由2024年同期每克人民币499元上升至中期期间每克人民币666元;及矿产金销量由2024年同期约 1.19吨增加至中期期间约1.44吨。 智通财经APP讯，潼关黄金(00340)公布2025年中期业绩，营业额约为10.29亿港元，同比增长21%。公 司拥有人应占溢利约3.43亿港元，同比增长273%;每股基本盈利为8.17港仙。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部分內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 （ 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ） （股份代號：00340） 截至二零二五年六月三十日止六個月 中期業績公佈 摘要 潼關黃金集團有限公司（「本公司」）董事會（「董事會」）公佈本公司及其附屬公司（「本集團」） 截至二零二五年六月三十日止六個月之未經審核綜合業績，連同二零二四年同期之比較 數字如下： — 1 — • 截至二零二五年六月三十日止六個月，本集團的淨利潤及本公司擁有人應佔溢利 分別約為350,000,000港元及343,000,000港元，而二零二四年則分別約為91,000,000 港元及92,000,000港元，增幅分別為285%及273%。 • 二零二五年的每股基本盈利為8.17港仙，而二零二四年則為2.26港仙。 • 截至二零二五年六月三十日止六個月的營業額約為1,029,000,000港元，而二零 二四年則約為850,000,000港元，增幅為21%。 簡明綜合損益 ...

Market Overview - The Shanghai Composite Index rose by 3.49% and the CSI 300 Index increased by 4.18% during the week of August 18-22 [2][3] - The SW Nonferrous Metals Index saw a gain of 1.33%, while COMEX gold and silver prices increased by 1.05% and 2.26%, respectively [2][3] Industrial Metals - Industrial metal prices showed mixed movements: LME aluminum +0.73%, copper +0.50%, zinc +0.32%, lead +0.56%, nickel -1.45%, and tin +0.70% [2][3] - The SMM imported copper concentrate index reported a decrease of $3.47/ton to $-41.15/ton, while the copper rod enterprises' operating rate rose to 71.80%, up by 1.20 percentage points [3] - Domestic electrolytic aluminum social inventory decreased by 11,000 tons, totaling 596,000 tons, indicating a slight increase in production and improved demand expectations [3] - Recommended companies in the industrial metals sector include Zijin Mining, Luoyang Molybdenum, Minmetals Resources, China Nonferrous Mining, and others [3] Energy Metals - Cobalt raw material imports continue to decline, suggesting a potential price surge for cobalt, while lithium supply disruptions remain a concern [4] - Carbonate lithium prices have rebounded due to increased market activity, with expectations for a strong short-term performance [4] - Cobalt prices are expected to strengthen as domestic inventory continues to deplete, with stable price increases for cobalt sulfate [4] - Recommended companies in the energy metals sector include Cangge Mining, Huayou Cobalt, and others [4] Precious Metals - The expectation of interest rate cuts by the Federal Reserve has positively influenced gold prices, with the People's Bank of China continuing to increase gold reserves for nine consecutive months [5] - Silver prices are also rising due to its industrial properties and recovery dynamics [5] - Recommended companies in the precious metals sector include Shandong Gold, Tongguan Gold, and others, with a focus on potential opportunities if gold prices stabilize above $3,500/oz [5]

Core Viewpoint - Tongguan Gold (00340) has seen a significant increase in stock price, rising over 5% following the announcement of its inclusion in the MSCI Global Small Cap Index, effective after market close on August 26, 2025 [1] Group 1: Company Performance - The company is expected to achieve a profit attributable to shareholders of approximately HKD 330 million to HKD 360 million for the six months ending June 30, 2025, representing an increase of about 259% to 291% compared to HKD 92 million for the same period in 2024 [1] - The increase in profit is primarily attributed to higher gold production and sales volumes, as well as an increase in the average selling price of gold compared to the same period last year [1] Group 2: Strategic Partnerships and Future Outlook - The company has established a "equity + metal flow" binding model with Zijin Mining, which is expected to enhance operational performance in the future [1] - With anticipated annual growth in gold production and favorable gold prices, the company's performance is expected to enter a rapid growth phase in 2024 [1]

Group 1 - The stock of Tongguan Gold (00340.HK) has increased by over 5%, currently up 5.67% at HKD 2.05, with a trading volume of HKD 31.47 million [1] - Investment banks predominantly recommend the stock, with one bank issuing a recommendation in the last 90 days. Minsheng Securities recently provided a recommendation rating for Tongguan Gold [1] Group 2 - Tongguan Gold has a market capitalization of HKD 8.356 billion, ranking 5th in the gold industry [2] - Key financial metrics for Tongguan Gold compared to industry averages are as follows: - ROE: 8.8% (Industry average: 13.28%, Ranking: 6th) - Market capitalization: HKD 8.356 billion (Industry average: HKD 27.539 billion, Ranking: 5th) - Revenue: HKD 1.605 billion (Industry average: HKD 51.642 billion, Ranking: 5th) - Net profit margin: 13.09% (Industry average: 5.62%, Ranking: 3rd) - Gross margin: 32.6% (Industry average: 23.74%, Ranking: 2nd) - Debt ratio: 42.99% (Industry average: 57.01%, Ranking: 3rd) [2]

潼关黄金(00340)涨超5%，截至发稿，涨5.67%，报2.05港元，成交额3147.35万港元。 消息面上，潼关黄金公布，公司已获纳入MSCI全球小型股指数成份股，相关调整将于2025年8月26日收 市后正式生效。民生证券指出，2025年4月，公司实现与紫金矿业（601899）形成"股权+金属流"双向绑 定模式，未来有望借助紫金力量持续提升公司运营表现。随着公司黄金产量有望在未来逐年增长，同时 叠加金价景气，公司业绩有望持续2024年表现，进入快速增长阶段。 此外，潼关黄金近日发盈喜，集团于截至2025年6月30日止6个月(2025年中期期间)的中期业绩预期取得 公司拥有人应占溢利约3.3亿港元至3.6亿港元之间，较2024年同期公司拥有人应占溢利约9200万港元增 加约259%至291%。公告称，公司拥有人应占溢利增加主要归因于与2024年同期相比，矿产黄金产量及 销量增加及矿产黄金平均售价上涨。 ...