Major Events - Lanke Technology (06809) will conduct an IPO from January 30 to February 4, with an expected listing on February 9 [1] - Aixin Yuanzhi (00600) will conduct an IPO from January 30 to February 5, with an expected listing on February 10 [1] - Lexin Outdoor (02720) will conduct an IPO from January 31 to February 5, raising HKD 130 million from Horizon Capital and Huangshan Dejun [1] - Dongpeng Beverage (09980) sets the offer price at HKD 248 per share [1] - Zhonghui Biotech-B (02627) received approval from the National Medical Products Administration for a trivalent influenza virus subunit vaccine [1] - Kangzheng Pharmaceutical (00867) received approval for the first and only targeted drug for vitiligo treatment in China [1] - Shishi Pharmaceutical Group (02005) received production registration for Propafenone Hydrochloride Injection from the National Medical Products Administration [1] - China Aluminum (02600) plans to jointly acquire 68.6% of Brazilian Aluminum from Rio Tinto and will initiate a mandatory offer [1] - Yanzhou Coal Mining (01171) plans to transfer 100% equity of Inner Mongolia Xintai Coal [1] - Botai Car Union (02889) plans to collaborate with Ping An Property & Casualty to reconstruct the smart travel insurance ecosystem [1] - Jin Jing New Energy (01783) signed a strategic framework agreement with Tianqi Grand for lithium battery recycling and precious metal extraction [1] - Guangdong-Hong Kong-Macau Holdings (01396) subsidiary Hongce Data introduces Fudian Capital as a strategic investor for 40% equity [1] - China Mobile (00941), China Unicom (00762), and China Telecom (00728) will adjust the applicable scope of value-added tax for telecom services [1] Operating Performance - BYD Company (01211) sold approximately 210,000 new energy vehicles in January [2] - Geely Automobile (00175) reported total vehicle sales of 270,200 units in January, a year-on-year increase of about 1% [2] - Chery Automobile (09973) saw total sales of 191,500 vehicles in January, a year-on-year decrease of about 10.7% [2] - Seres (09927) reported total vehicle sales of 45,900 units in January, a year-on-year increase of 104.85% [2] - Great Wall Motors (02333) sold approximately 90,300 vehicles in January, a year-on-year increase of 11.59% [2] - Li Auto-W (02015) delivered 27,668 new vehicles in January, a year-on-year decrease of 7.5% [2] - NIO-SW (09866) delivered 27,182 vehicles in January, a year-on-year increase of 96.1% [2] - GAC Group (02238) reported vehicle sales of 116,600 units in January, a year-on-year increase of 18.47% [2] - Great Wall Motors (02333) released a preliminary report indicating a net profit attributable to shareholders of 9.912 billion yuan for 2025, a year-on-year decrease of 21.71% [2] - Shandong Gold (01787) expects a net profit attributable to shareholders of approximately 4.6 billion to 4.9 billion yuan for 2025, a year-on-year increase of 56% to 66% [2] Earnings Forecast - SF Express (09699) expects a year-on-year profit increase of no less than 80% for 2025 [3] - China International Capital Corporation (03908) anticipates a net profit attributable to shareholders of 8.542 billion to 10.535 billion yuan for 2025, a year-on-year increase of 50% to 85% [3] - China Shenhua (01088) expects a year-on-year decline in net profit for 2025 [3] - Datang Power (00991) anticipates a net profit of approximately 6.8 billion to 7.8 billion yuan for 2025, a year-on-year increase of about 51% to 73% [3] - China Southern Airlines (01055) expects a net profit attributable to shareholders of 800 million to 1 billion yuan for 2025, turning a profit [3] - Air China (00753) warns of a net loss attributable to shareholders of approximately 1.3 billion to 1.9 billion yuan for 2025 [3] - China Eastern Airlines (00670) warns of a net loss attributable to shareholders of approximately 1.3 billion to 1.8 billion yuan for 2025 [3] - GAC Group (02238) expects a net loss attributable to shareholders of 8 billion to 9 billion yuan for 2025 [3] - Ansteel (00347) warns of a net loss attributable to shareholders of approximately 4.077 billion yuan for 2025, a year-on-year narrowing of 42.75% [3] - Junshi Biosciences (01877) warns of a net loss attributable to shareholders of approximately 873 million yuan for 2025, a year-on-year decrease of about 31.85% [3]

新京报贝壳财经讯 2月1日，据Choice数据统计，包括紫金矿业、中金黄金、山东黄金、赤峰黄金、湖 南黄金和西部黄金在内的6家黄金上市公司披露2025年度业绩预告。其中，紫金矿业2025年净利润同比 预增59%-62%；中金黄金Q4净利预计环比增长14%-75%。 ...

Core Viewpoint - As of January 30, 2025, a total of 3,056 A-share listed companies have disclosed their earnings forecasts, with 1,095 companies expecting positive results, indicating a recovery in various industries such as non-ferrous metals, automotive, chemicals, and semiconductors [1][2][7]. Group 1: Earnings Forecasts - 1,095 companies are expected to report positive earnings, with 83 showing slight increases, 374 turning losses into profits, 13 maintaining profitability, and 625 forecasting significant growth [8]. - Among the companies with significant growth, Ningbo Fubang expects a net profit of 50 million to 70 million yuan, representing a year-on-year increase of 3,099.59% to 4,379.43% [1][8]. - 619 companies anticipate a net profit of over 100 million yuan, with 136 expecting over 1 billion yuan, including major firms like Zijin Mining and China Shenhua [2][8]. Group 2: Industry Performance - The non-ferrous metals, automotive, chemicals, and semiconductor industries are showing signs of recovery, with leading companies performing particularly well [2][9]. - Companies such as Shandong Gold and Western Gold are forecasting significant profit increases, with Shandong Gold expecting a net profit of 4.6 billion to 4.9 billion yuan, a year-on-year increase of 56% to 66% [12]. - East China Semiconductor reported that niche memory prices are rising due to supply constraints, positively impacting their business outlook [9]. Group 3: Specific Company Highlights - Zhongji Xuchuang expects a net profit of 9.8 billion to 11.8 billion yuan, a year-on-year increase of 89.5% to 128.17%, driven by strong demand for computing infrastructure [3][10]. - New Yisheng anticipates a net profit of 9.4 billion to 9.9 billion yuan, reflecting a growth of 231.24% to 248.86% due to increased demand for high-speed products [10]. - Tianfu Communication forecasts a net profit of approximately 1.88 billion to 2.15 billion yuan, a year-on-year increase of 40% to 60%, benefiting from the growth of the AI industry and global data center construction [11].

Core Viewpoint - Shandong Gold (600547.SH) expects a net profit attributable to shareholders of the parent company for the year 2025 to be between 4.6 billion to 4.9 billion yuan, representing an increase of 1.6 billion to 1.9 billion yuan compared to the previous year, which is a year-on-year increase of 56% to 66% [1] Summary by Category - Financial Performance - The company anticipates a net profit of 4.6 billion to 4.9 billion yuan for 2025 [1] - This represents an increase of 1.6 billion to 1.9 billion yuan compared to the previous year [1] - The expected year-on-year growth rate is between 56% to 66% [1]

格隆汇1月30日丨山东黄金(01787.HK)公告，经初步测算，公司预计2025年度实现归属于母公司所有者 的净利润为人民币46亿元至人民币49亿元，与上年同期相比增加人民币16亿元到人民币19亿元，同比增 加56%到66%。预计2025年度实现归属于母公司所有者的扣除非经常性损益后的净利润为人民币48亿元 至人民币51亿元，与上年同期相比增加人民币18亿元到人民币21亿元，同比增加60%到71%。 2025年，公司统筹优化生产布局，实现生产效率与资源利用、项目建设协同提升，同时叠加黄金价格上 行因素，利润同比增加。同时，公司坚持稳中有进、行稳致远，统筹把握长远可持续发展与当前业绩关 系，抓住金价高企有利时机，进一步夯实发展根基，积蓄发展动能。加大井巷开拓工程等生产性投入， 持强化矿山深部及周边探矿，科学提升在建矿山建设进度；合理调整矿山边际品位，充分利用低品位矿 石资源；推进矿山采掘外委施工逐步转为自营，加大智能化投入，建强产业工人队伍，提升本质安全水 平。上述一系列措施有利于推动本公司更加长远、健康、可持续发展，为本公司"十五五"期间高质量发 展奠定坚实基础。 ...

Core Viewpoint - Shandong Gold (01787) expects a significant increase in net profit for the fiscal year 2025, driven by optimized production and rising gold prices [1] Financial Projections - The company anticipates a net profit attributable to shareholders of RMB 46 billion to RMB 49 billion for 2025, representing an increase of RMB 16 billion to RMB 19 billion compared to the previous year, which is a year-on-year growth of 56% to 66% [1] - The projected net profit, excluding non-recurring gains and losses, is expected to be between RMB 48 billion and RMB 51 billion, reflecting an increase of RMB 18 billion to RMB 21 billion year-on-year, equating to a growth of 60% to 71% [1] Strategic Initiatives - The company plans to optimize its production layout to enhance production efficiency and resource utilization, while also improving project construction [1] - It aims to capitalize on the favorable gold price environment to solidify its development foundation and accumulate growth momentum [1] - The company will increase investments in mining development projects, strengthen exploration in deep and surrounding areas of mines, and adjust marginal ore grades to fully utilize low-grade ore resources [1] - There is a focus on transitioning from outsourced mining operations to self-operated mining, alongside increased investments in automation and building a skilled workforce to enhance safety levels [1] - These measures are intended to promote long-term, healthy, and sustainable development, laying a solid foundation for high-quality growth during the 14th Five-Year Plan period [1]

（於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） 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告之內容概不 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 告 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。 SHANDONG GOLD MINING CO., LTD. 山東黃金礦業股份有限公司 （股 份 代 號：1787） 2025年度業績預增公告 本公告由山東黃金礦業股份有限公司（「本公司」，連 同 其 附 屬 公 司「本集團」）根 據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09條及第13.10B條 以及香港法例第571章證券及期貨條例第XIVA部項下內幕消息條文（定 義 見 上 市 規 則）作 出。 重 要 內 容 提 示： 經 初 步 測 算，本 公 司 預 計2025年度實現歸屬於母公司所有者的淨利潤為人民幣 46億元至人民幣49億 元，與 上 年 同 期 相 比 增 加 人 民 幣16億元到人民幣19億 元， 同比增加56%到66%。 預 計20 ...

Group 1: Market Overview - The Hong Kong stock market saw a net inflow of 32.22 billion HKD from northbound trading, with 20.39 billion HKD from Shanghai and 11.83 billion HKD from Shenzhen [1] - The most bought stocks included CSPC Pharmaceutical Group (01093), Xiaomi Group-W (01810), and the Tracker Fund of Hong Kong (02800) [1] Group 2: Notable Stock Transactions - CSPC Pharmaceutical Group (01093) received a net inflow of 9.36 billion HKD, following a strategic cooperation agreement with AstraZeneca for the development of innovative long-acting peptide drugs, potentially worth up to 18.5 billion USD [4] - The Tracker Fund of Hong Kong (02800) saw a net inflow of 5.89 billion HKD, with positive market sentiment driven by earnings recovery, improved liquidity, low valuations, and policy support [5] - Alibaba Group-W (09988) had a net inflow of 3.29 billion HKD, as it launched a high-end AI chip, enhancing its position in the AI technology sector [5] - Longi Green Energy Technology (06869) experienced a net inflow of 2.41 billion HKD, driven by strong demand for AI infrastructure and optical communication upgrades [5] Group 3: Stocks with Significant Net Outflows - Shandong Gold (01787) and Zijin Mining (02899) faced net outflows of 2.06 billion HKD and 6.35 billion HKD respectively, amid significant volatility in the precious metals market [7] - Semiconductor manufacturer SMIC (00981) saw a net outflow of 545.8 million HKD, with limited impact expected from the approval of H200 chips for the domestic market [7] - Xiaomi Group-W (01810) had a net inflow of 9.14 billion HKD, while China Mobile (00941) and CNOOC (00883) faced net outflows of 5.41 billion HKD and 5.25 billion HKD respectively [7]

2025年，公司统筹优化生产布局，实现生产效率与资源利用、项目建设协同提升，同时叠加黄金价格上 行因素，利润同比增加。同时，公司坚持稳中有进、行稳致远，统筹把握长远可持续发展与当前业绩关 系，抓住金价高企有利时机，进一步夯实发展根基，积蓄发展动能。加大井巷开拓工程等生产性投入， 持续强化矿山深部及周边探矿，科学提升在建矿山建设进度；合理调整矿山边际品位，充分利用低品位 矿石资源；推进矿山采掘外委施工逐步转为自营，加大智能化投入，建强产业工人队伍，提升本质安全 水平。上述一系列措施有利于推动公司更加长远、健康、可持续发展，为公司"十五五"期间高质量发展 奠定坚实基础。 格隆汇1月30日丨山东黄金(600547.SH)公布，经初步测算，公司预计2025年度实现归属于母公司所有者 的净利润为46亿元至49亿元，与上年同期相比增加16亿元到19亿元，同比增加56%到66%。公司预计 2025年度实现归属于母公司所有者的扣除非经常性损益后的净利润为48亿元至51亿元，与上年同期相比 增加18亿元到21亿元，同比增加60%到71%。 ...

Group 1 - Southbound funds net bought Hong Kong stocks worth 32.22 billion HKD today [1] - The top net purchases included: CSPC Pharmaceutical Group at 9.34 billion HKD, Xiaomi Group-W at 9.14 billion HKD, and the Tracker Fund of Hong Kong at 5.89 billion HKD [1] - Notable net sales included: Zijin Mining at 6.35 billion HKD, China Mobile at 5.41 billion HKD, and CNOOC at 5.25 billion HKD [1] Group 2 - Southbound funds have recorded a continuous net sell of China Mobile for 20 days, totaling 159.752 billion HKD [1] - Zijin Mining has seen a net sell for 5 consecutive days, amounting to 37.8638 billion HKD [1] - Semiconductor Manufacturing International Corporation (SMIC) has also experienced a net sell for 5 consecutive days, totaling 12.2751 billion HKD [1]