Core Viewpoint - The continuous rise in gold prices has led to a "gold rush" in the market, with spot gold prices surpassing $4,300 per ounce, reaching new highs, while gold-related stocks initially surged but later showed signs of divergence in performance [2][3]. Gold Price Movement - On October 17, spot gold prices broke the $4,340 per ounce mark, with COMEX gold futures reaching $4,392 per ounce, reflecting strong market performance [3]. - The gold jewelry concept index rose over 1% in early trading, despite a poor overall market performance, indicating strong investor interest [3]. Stock Performance - Seven gold jewelry concept stocks have seen their prices double this year, with notable performers including Zhaojin Mining (up 269.02%) and Western Gold (up 191.25%) [4][5]. - The total market capitalization of 23 gold jewelry concept stocks is close to 1.5 trillion yuan, with three stocks exceeding 100 billion yuan in market value [5]. Shareholder Actions - There has been a notable trend of major shareholders and executives reducing their holdings, with Western Gold's second-largest shareholder planning to sell up to 18.22 million shares, potentially raising over 6.23 billion yuan [7][8]. - Other companies, such as Sichuan Gold, have also announced plans for significant share reductions due to personal funding needs [8]. Company Performance - In the first half of the year, ten gold jewelry concept stocks reported revenues exceeding 10 billion yuan, with Zijin Mining leading at 167.71 billion yuan [10]. - Nearly 80% of gold jewelry concept stocks saw revenue increases, with five stocks reporting growth rates over 50%, while some companies like Zhou Dashi and Puyuan Co. experienced significant declines in both revenue and net profit [10][11].

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通告之內容概不 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 通 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 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：1787） 董事會會議通告 山東黃金礦業股份有限公司（「本公司」）董事會（「董事會」）謹 此 宣 佈，本 公 司 將 於二零二五年十月二十九日（星 期 三）舉 行 董 事 會 會 議，藉 以（其 中 包 括）考慮及 批 准 本 公 司 截 至 二 零 二 五 年 九 月 三 十 日 止 九 個 月 之 第 三 季 度 業 績 及 其 發 佈， 以 及 處 理 其 他 事 項。 承董事會命 山東黃金礦業股份有限公司 董事長 韓耀東 中 華 人 民 共 和 國，濟 南 二零二五年十月十七日 於 本 通 告 日 期，本 公 司 執 行 董 事 為 修 國 林 先 生、徐 ...

Core Viewpoint - Shandong Gold (01787.HK) announced that it will hold a board meeting on October 29, 2025, to consider and approve the third-quarter results for the nine months ending September 30, 2025, along with addressing other matters [1] Group 1 - The board meeting is scheduled for October 29, 2025 [1] - The meeting will focus on the approval of the third-quarter performance results [1] - The results will cover the period ending September 30, 2025 [1]

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通告之內容概不 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 通 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。 董事會會議通告 山東黃金礦業股份有限公司（「本公司」）董事會（「董事會」）謹 此 宣 佈，本 公 司 將 於二零二五年十月二十九日（星 期 三）舉 行 董 事 會 會 議，藉 以（其 中 包 括）考慮及 批 准 本 公 司 截 至 二 零 二 五 年 九 月 三 十 日 止 九 個 月 之 第 三 季 度 業 績 及 其 發 佈， 以 及 處 理 其 他 事 項。 SHANDONG GOLD MINING CO., LTD. 山東黃金礦業股份有限公司 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：1787） 承董事會命 山東黃金礦業股份有限公司 董事長 韓耀東 中 華 人 民 共 和 國，濟 南 二零二五年十月十七日 於 本 通 告 日 期，本 公 司 執 行 董 事 為 修 國 林 先 生、徐 ...

Group 1 - Shandong Gold Mining Co., Ltd. experienced a stock price increase of 5.04%, reaching 41.88 CNY per share, with a trading volume of 2.514 billion CNY and a turnover rate of 1.69%, resulting in a total market capitalization of 193.064 billion CNY [1] - The company, established on January 31, 2000, and listed on August 28, 2003, primarily engages in gold mining, smelting, and the production and sale of gold and silver products, including standard gold bars and various specifications of investment gold bars [1] - The revenue composition of the company includes: 50.14% from purchased gold, 29.96% from self-produced gold, 9.75% from trading, 7.65% from small gold bars, and 2.50% from other sources [1] Group 2 - Dongwu Fund has one fund heavily invested in Shandong Gold, specifically the Dongwu Allocation Optimization Mixed A (582003), which held 76,700 shares in the second quarter, accounting for 5.05% of the fund's net value, ranking as the eighth largest holding [2] - The fund has achieved a year-to-date return of 63.1%, ranking 329 out of 8160 in its category, and a one-year return of 63.37%, ranking 589 out of 8021 [2] - The fund manager, Zhou Jian, has a tenure of 13 years and 171 days, with the fund's total asset size at 17.4 million CNY and a best return of 143.97% during his tenure [3]

（文章来源：每日经济新闻） 每经AI快讯，港股黄金股集体高开，中国白银集团(00815.HK)涨5.88%，报0.9港元；紫金矿业 (02899.HK)涨5.39%，报34.8港元；山东黄金(01787.HK)涨4.97%，报39.68港元；赤峰黄金(06693.HK)涨 4.04%，报33.96港元。 ...

有色ETF基金（159880）业绩比较基准为国证有色金属行业指数收益率，管理人为鹏华基金管理有限公 司，基金经理为闫冬，成立（2021-03-08）以来回报为74.03%，近一个月回报为12.76%。 来源：新浪基金∞工作室 10月17日，有色ETF基金（159880）开盘涨0.63%，报1.754元。有色ETF基金（159880）重仓股方面， 紫金矿业开盘涨2.13%，洛阳钼业涨0.19%，北方稀土涨0.02%，中国铝业涨1.40%，山东黄金涨3.03%， 华友钴业涨0.26%，中金黄金涨3.28%，赣锋锂业涨0.06%，赤峰黄金涨4.08%，云铝股份涨1.59%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 ...

Group 1 - Zijin Mining (02899.HK) increased by 5.39% [1] - Shandong Gold (01787.HK) rose by 4.90% [1] - Chifeng Jilong Gold Mining (06693.HK) saw a rise of 4.04% [1] - Zhaojin Mining (01818.HK) experienced an increase of 3.27% [1]

Core Viewpoint - The surge in gold prices has led to a significant increase in the stock prices of gold-related companies, driven by heightened demand for safe-haven assets amid economic and geopolitical uncertainties [1] Group 1: Gold Price Movement - On October 17, spot gold prices reached a historical high of $4,380 per ounce, currently reported at $4,335.08 per ounce, marking a year-to-date increase of approximately 60% [1] - Factors contributing to the rise include concerns over credit quality in the economy and geopolitical tensions, alongside investor speculation regarding a potential significant interest rate cut by the Federal Reserve this year [1] Group 2: Company Stock Performance - China Silver Group (00815) saw a stock increase of 5.88%, trading at HKD 0.9 [1] - Zijin Mining (02899) rose by 5.39%, with shares priced at HKD 34.8 [1] - Shandong Gold (01787) experienced a 4.97% increase, reaching HKD 39.68 [1] - Chifeng Jilong Gold Mining (06693) gained 4.04%, trading at HKD 33.96 [1] Group 3: Market Analysis - According to a report from China Merchants Securities, the recent surge in gold prices is influenced by the U.S. government shutdown and the announcement of a potential 100% tariff increase on China by Trump on November 1 [1] - The report suggests that both short-term factors, such as inflation hedging and risk aversion, and long-term factors related to monetary and financial conditions indicate that gold prices are likely to continue reaching new highs in the future [1]

| | | | 日期 收盘价 涨跌幅 主力净流入 主力净占比 游资净占比 散户净流入 散户净占比 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-10-16 | 39.87 -4.39% | -7266.89万 | -2.42% | 4716.30万 | 1.57% | 2550.60万 | - 0.85% | | 2025-10-15 | 41.70 -2.77% | -1695.58万 | -0.37% | 2501.11万 | 0.55% | -805.52万 | -0.18% | | 2025-10-14 | 42.89 -1.63% | -1.14亿 | -2.89% | 1.07亿 | 2.72% | 658.90万 | 0.17% | | 2025-10-13 | 43.60 5.70% | 1.91亿 | 4.85% | 6308.12万 | 1.60% | -2.54亿 | -6.46% | | 2025-10-10 | 41.25 -4.65% | 1434.15万 | 0.49% | 6712.30万 ...