与 审核中心意见落实函的回复 保荐机构：中银国际证券股份有限公司 山东黄金矿业股份有限公司 中银国际证券股份有限公司 关于 山东黄金矿业股份有限公司 向特定对象发行股票的 住所：上海市浦东银城中路 200 号中银大厦 39 号 二零二四年五月 关于山东黄金矿业股份有限公司向特定对象发行股票的审核中心意见落实函的回复 关于山东黄金矿业股份有限公司 向特定对象发行股票的审核中心意见落实函的回复 上海证券交易所： 根据贵所出具的《关于山东黄金矿业股份有限公司向特定对象发行股票的审 核中心意见落实函》（上证上审<再融资>〔2024〕12 号），以下简称"审核中 心意见落实函"）的要求，山东黄金矿业股份有限公司（以下简称"山东黄金"、 "发行人"或"公司"）已会同中银国际证券股份有限公司、信永中和会计师事 务所（特殊普通合伙）（以下简称"申报会计师"、"会计师"）等相关各方， 本着勤勉尽责、诚实守信的原则，对审核中心意见落实函问题进行了落实、核查， 现出具回复内容如下： 如无特殊说明，本审核中心意见落实函回复中使用的简称或名词释义与《山 东黄金矿业股份有限公司向特定对象发行证券募集说明书》中的简称具有相同含 义。 7- ...

前次评级结果：山东黄金矿业股份有限公司（以下简称"公司"）主体 信用等级为 AAA，评级展望为稳定；"鲁金 KY01"、"鲁金 KY02"、"24 鲁金 K1"的债项信用等级为 AAA。 本次评级结果：维持公司主体信用等级为 AAA，评级展望为稳定；维持 "鲁金 KY01"、"鲁金 KY02"、"24 鲁金 K1"的债项信用等级为 AAA。 根据相关监管规定，公司委托信用评级机构中诚信国际信用评级有限责任公 司（以下简称"中诚信国际"），对本公司 2023 年公开发行科技创新可续期公 司债券（第一期、第二期）（债券简称："鲁金 KY01"、"鲁金 KY02"）进 行跟踪信用评级；对本公司 2024 年公开发行科技创新公司债券（第一期）（债 券简称"24 鲁金 K1"）进行跟踪信用评级。 证券代码：600547 证券简称：山东黄金 编号：临 2024-048 山东黄金矿业股份有限公司 关于公司主体及相关公司债券跟踪评级结果的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 投资者欲全面了解本次跟踪评级报告的具体情况，请查 ...

山东黄金矿业股份有限公司 2024 年度跟踪评级报告 编号：信评委函字[2024]跟踪 0275 号 山东黄金矿业股份有限公司 2024 年度跟踪评级报告 声 明 中诚信国际信用评级有限责任公司 2024 年 5 月 27 日 2 ⚫ 本次评级为委托评级，中诚信国际及其评估人员与评级委托方、评级对象不存在任何其他影响本次评级行为独立、 客观、公正的关联关系。 ⚫ 本次评级依据评级对象提供或已经正式对外公布的信息，以及其他根据监管规定收集的信息，中诚信国际按照相关 性、及时性、可靠性的原则对评级信息进行审慎分析，但中诚信国际对于相关信息的合法性、真实性、完整性、准 确性不作任何保证。 ⚫ 中诚信国际及项目人员履行了尽职调查和诚信义务，有充分理由保证本次评级遵循了真实、客观、公正的原则。 ⚫ 评级报告的评级结论是中诚信国际依据合理的内部信用评级标准和方法、评级程序做出的独立判断，未受评级委托 方、评级对象和其他第三方的干预和影响。 ⚫ 本评级报告对评级对象信用状况的任何表述和判断仅作为相关决策参考之用，并不意味着中诚信国际实质性建议任 何使用人据此报告采取投资、借贷等交易行为，也不能作为任何人购买、出售或持有相关 ...

证券代码：600547 证券简称：山东黄金 公告编号：临 2024-046 山东黄金矿业股份有限公司 关于召开 2023 年年度股东大会的通知 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、 召开会议的基本情况 (一) 股东大会类型和届次 2023 年年度股东大会 召开的日期时间：2024 年 6 月 6 日 9:00 召开地点：山东省济南市历城区经十路 2503 号公司会议室 (五) 网络投票的系统、起止日期和投票时间。 股东大会召开日期：2024年6月6日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 (四) 现场会议召开的日期、时间和地点 至 2024 年 6 月 6 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时 ...

山东黄金矿业股份有限公司 2023 年年度股东大会 会议资料 二○二四年六月六日 山东黄金矿业股份有限公司股东大会会议资料 | | | | | | 股东大会须知 3 | | | --- | --- | --- | --- | | | | 股东大会议程 5 | | | 2023 | | 年度董事会工作报告 7 | | | 2023 | | 年度监事会工作报告 17 | | | 2023 | | 年度独立董事述职报告 25 | | | 2023 | | 年度财务决算报告 26 | | | 2024 | | 年度财务预算报告 32 | | | 2023 | | 年年度报告及摘要 35 | | | 2023 | | 年度利润分配方案 36 | | | 关于续聘 | | | 2024 年度审计机构的议案 38 | | 关于 | 2023 | 年度内部控制评价报告的议案 43 | | | 关于 | 2023 | 环境·社会与治理（ESG）暨社会责任报告的议案 44 | | | 关于 | 2023 | 年度募集资金存放与使用情况的专项报告的议案 45 | | | 关于 | 2024 | 年度公司为香港子公司提供年度担保额度 ...

I. 法定/註冊股本變動 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2024年4月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 山東黃金礦業股份有限公司 呈交日期: 2024年5月6日 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 | 01787 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 858,986,178 | RMB | | 1 RMB | | 858,986,178 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 858,986,178 | RMB | | 1 RMB | | 858,986,178 | | 2. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上 ...

Investment Rating - The investment rating for Shandong Gold (600547) is not explicitly stated in the provided documents, but the report indicates a positive outlook based on performance metrics and growth potential. Core Views - The company has shown significant growth in both production and profitability, with a 2023 revenue of 59.3 billion yuan, an 18% increase year-on-year, and a net profit of 2.3 billion yuan, up 87% year-on-year [2] - The first quarter of 2024 saw a revenue of 18.96 billion yuan, a 5.6% increase quarter-on-quarter and a 45% increase year-on-year, with a net profit of 700 million yuan, reflecting a 29% decrease quarter-on-quarter but a 59% increase year-on-year [2] - The company is focusing on cost reduction and efficiency improvement, with a decrease in expense ratios across various categories in Q1 2024 [2] - The company is entering a rapid growth phase through both organic growth and acquisitions, with plans to maintain a gold production of no less than 47 tons in 2024 [2] Summary by Sections Financial Performance - In 2023, the company achieved total revenue of 59.3 billion yuan, with a year-on-year growth rate of 18% and a net profit of 2.3 billion yuan, marking an 87% increase [2] - The projected net profits for 2024 to 2026 are 3.95 billion yuan, 4.91 billion yuan, and 6.21 billion yuan respectively, with corresponding P/E ratios of 34, 27, and 22 [3] Production Metrics - In 2023, the company produced 41.8 tons of gold, an 8% increase year-on-year, with a production cost of 230.38 yuan per gram, up 3.7% [2] - The first quarter of 2024 saw a gold production of 11.91 tons, a 27% increase year-on-year, while the overall production remained stable [2] Cost Management - The company has implemented measures to optimize mining methods and improve ore grades, resulting in a 0.06 grams per ton increase in ore grade to 1.29 grams per ton in 2023 [2] - The expense management has improved, with reductions in sales, management, R&D, and financial expense ratios in Q1 2024 [2] Growth Strategy - The company is pursuing both internal growth and external acquisitions, with ongoing resource integration in key mining areas and plans for future production increases [2]

Investment Rating - The report maintains a "Buy" rating for the company [4] Core Views - The company's revenue for Q1 2024 reached 18.957 billion RMB, representing a quarter-on-quarter increase of 5.60% and a year-on-year increase of 44.73%. The net profit attributable to shareholders was 700 million RMB, down 28.77% quarter-on-quarter but up 59.48% year-on-year [2][3] - The average gold price in Q1 2024 was 489.62 RMB per gram, up 4.05% from the previous quarter. The company's self-produced gold output was 11.91 tons, a decrease of 1.32% quarter-on-quarter. The company also purchased 19.90 tons of gold, which is a significant increase of 64.39% quarter-on-quarter [3] - The company is focusing on optimizing cost management, which has led to a reduction in various expense ratios, thereby enhancing profit margins [3] - The company anticipates growth in self-produced gold output due to the resumption of operations at the Linglong Gold Mine and ongoing development projects that are expected to contribute significantly to annual gold production [3] Summary by Sections Financial Performance - Q1 2024 revenue was 189.57 billion RMB, with a gross profit of 27.61 billion RMB, reflecting a quarter-on-quarter decrease in gross profit of 22.81% [3] - The company expects revenues for 2024, 2025, and 2026 to be 770 billion RMB, 859 billion RMB, and 921 billion RMB, respectively, with net profits projected at 37.97 billion RMB, 60.34 billion RMB, and 71.74 billion RMB [4] Production and Development - The company is actively working on several mining projects, including the integration of resources at the Jiao Jia Mine and the construction of the Namutini Gold Mine, which are expected to significantly increase gold production in the coming years [3] Cost Management - The company has successfully reduced various expense ratios, including sales expenses, management fees, and financial costs, which has contributed to improved profit margins [3]

公司研 究 证 券研究 报 告 黄金 2024年04月27日 山 东黄金（600547）2024年一季报点评 强 推 （维持） 目标价：41.06元 量价齐升叠加降本增效，Q1 业绩大幅增长 当前价：29.99元 事项： 华创证券研究所  4月26日，公司发布2024年一季报，公司实现营业收入189.57亿元，同比增 证券分析师：马金龙 长44.73%；归母净利润7亿元，同比增长59.48%；扣非归母净利润7.1亿元， 同比增长61.53%；经营活动现金净流量17.34亿元，同比增长185.93%。 邮箱：majinlong@hcyjs.com 执业编号：S0360522120003 评论： 证券分析师：刘岗 邮箱：liugang@hcyjs.com  金价上行叠加银泰并表加持，Q1业绩大幅增长。2024年第一季度，国内黄金 执业编 号：S0360522120002 均价为489元/克，同比增长16.3%，环比增长3.9%，公司积极生产，自产金 和外购金产量稳步增长。24 年一季度，公司自产金产量 11.91 吨，同比增长 公司基本数据 26.89%，考虑银泰黄金一季度矿产金产量 1.98 吨，则山金体系 ...

Financial Performance - The company's operating revenue for Q1 2024 reached ¥1,895,727,097.61, representing a 44.73% increase compared to the same period last year[6]. - Net profit attributable to shareholders was ¥699,890,621.07, marking a 59.48% year-over-year growth[6]. - The net cash flow from operating activities was ¥1,734,404,533.56, reflecting a significant increase of 185.93% year-over-year[6]. - Basic and diluted earnings per share were both ¥0.13, an increase of 85.71% compared to the previous year[6]. - Net profit for Q1 2024 was ¥1,055,609,970.74, up from ¥504,088,750.27 in Q1 2023, reflecting a growth of approximately 109.5%[38]. - The total comprehensive income for Q1 2024 was CNY 1,120,152,501.24, compared to CNY 417,430,969.11 in Q1 2023, indicating a significant increase of approximately 168.5%[40]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥142,909,311,407.78, a 6.17% increase from the end of the previous year[7]. - The total assets amounted to ¥142,909,311,407.78, compared to ¥134,599,262,003.25 in the previous year, showing an increase of about 6.5%[33]. - Total liabilities increased to ¥88,658,018,125.30 from ¥81,339,858,283.85, marking a rise of approximately 9.5%[32]. - The total liabilities amounted to CNY 46,703,043,469.78, with current liabilities totaling CNY 17,791,413,412.12, an increase from CNY 15,981,295,462.70 in the previous year[60][61]. Cash Flow - The net cash flow from financing activities increased by 137.54%, driven by higher bank borrowings and gold leasing activities[16]. - Cash inflows from operating activities totaled CNY 32,118,104,047.03 in Q1 2024, compared to CNY 18,996,571,506.61 in Q1 2023, marking an increase of approximately 69.5%[45]. - The net cash flow from operating activities for Q1 2024 was CNY 1,734,404,533.56, compared to CNY 606,589,376.42 in Q1 2023, representing a growth of approximately 185.5%[51]. - The net cash flow from financing activities for Q1 2024 was CNY 5,253,249,664.91, compared to CNY 2,223,686,109.91 in Q1 2023, indicating an increase of approximately 136.5%[52]. - The company reported a total cash outflow from operating activities of 6,584,851,325.61 RMB in Q1 2024, compared to 7,291,915,052.71 RMB in Q1 2023, indicating a reduction in cash outflow[66]. Research and Development - The company reported a 40.49% increase in R&D expenses, indicating a focus on innovation and development[13]. - Research and development expenses for Q1 2024 were ¥94,528,426.40, compared to ¥67,283,777.37 in Q1 2023, indicating an increase of about 40.5%[36]. - Research and development expenses for Q1 2024 were CNY 26,583,539.11, compared to CNY 18,828,478.15 in Q1 2023, reflecting a year-over-year increase of 41.5%[63]. Shareholder Information - The total number of shares held by Shandong Gold Group Co., Ltd. is 1,694,069,251, accounting for approximately 37.87% of the total share capital[21]. - The company completed a share transfer of 12,535,622 unrestricted shares at a price of ¥23.022 per share, affecting the shareholding structure[21]. - The total equity attributable to shareholders was ¥33,829,368,371.00, up from ¥33,084,950,645.55, representing an increase of approximately 2.2%[33]. - The company's total equity amounted to CNY 31,878,569,554.78, slightly up from CNY 31,834,271,311.21 in the previous year[61]. Inventory and Production - The company's self-produced gold output reached 11,908.11 kg, representing a year-on-year increase of 26.89%[23]. - The purchased gold output was 19,902.58 kg, showing a year-on-year increase of 40.50%[23]. - The total inventory as of March 31, 2024, was ¥8,684,282,694.44, compared to ¥8,848,047,161.20 as of December 31, 2023[25].