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]

Core Viewpoint - Shandong Gold (01787.HK) expects a significant increase in net profit for the year 2025, driven by optimized production and rising gold prices [1] Financial Performance - The company anticipates a net profit attributable to shareholders of RMB 4.6 billion to RMB 4.9 billion for 2025, an increase of RMB 1.6 billion to RMB 1.9 billion compared to the previous year, representing a year-on-year growth of 56% to 66% [1] - The expected net profit after deducting non-recurring gains and losses is projected to be RMB 4.8 billion to RMB 5.1 billion, reflecting an increase of RMB 1.8 billion to RMB 2.1 billion year-on-year, which corresponds 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] - Investments will be increased in mining development projects, and efforts will be made to enhance exploration in deep and surrounding areas of mines [1] - The company intends to adjust the marginal grade of mines to fully utilize low-grade ore resources and gradually shift from outsourced mining operations to self-operated mining [1] - There will be a focus on increasing intelligent investments and strengthening the workforce to improve safety levels [1]

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]

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] - The most sold stocks were Zijin Mining (02899), China Mobile (00941), and CNOOC (00883) [1] Group 2: Notable Stock Performances - 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, 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 sector [5] Group 3: Sector-Specific Insights - Long Fiber Optic Cable (06869) received a net inflow of 2.41 billion HKD, driven by strong demand for AI infrastructure and high-speed optical modules [5] - China Spring (01969) had a net inflow of 46.22 million HKD, with growth potential in student enrollment and tuition fee increases [6] - Gold stocks faced significant sell-offs, with Shandong Gold (01787) and Zijin Mining (02899) experiencing net outflows of 2.06 billion HKD and 6.35 billion HKD, respectively, amid volatility in the precious metals market [7]

Core Viewpoint - Shandong Gold expects a significant increase in net profit for the fiscal year 2025, projecting a profit of 4.6 billion to 4.9 billion yuan, which represents an increase of 1.6 billion to 1.9 billion yuan compared to the previous year, equating to a year-on-year growth of 56% to 66% [1] Group 1: Financial Performance - The company anticipates a net profit attributable to shareholders of 4.6 billion to 4.9 billion yuan for 2025, marking an increase of 1.6 billion to 1.9 billion yuan from the previous year [1] - The projected profit growth is primarily driven by optimized production layout, improved production efficiency, and rising gold prices [1] Group 2: Strategic Initiatives - The company is focusing on sustainable development while balancing current performance, aiming to solidify its foundation and accumulate growth momentum during high gold price periods [1] - Key initiatives include increasing investments in mining development projects, enhancing exploration in deep and surrounding areas of mines, and adjusting marginal ore grades to utilize low-grade ore resources effectively [1] - The company plans to transition from outsourced mining operations to self-operated mining, increase investments in automation, and strengthen the workforce to improve safety levels [1]

重要内容提示： 经初步测算，山东黄金矿业股份有限公司（以下简称"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%。 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%。 证券代码：600547 证券简称：山东黄金 公告编号：临2026-001 一、本期业绩预告情况 （一）业绩预告期间 2025年1月1日至2025年12月31日。 （二）业绩预告情况 1.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%。 2.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%。 （三）本次所预计的业绩未经注册会计师审计 （一）归属于母公司所有者的净利润29.52亿元，归属于母公司所有者的扣 除非经常性损益的净利润29.91亿元。 （二）每 ...