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。 ...

Core Viewpoint - The article discusses the performance of the Nonferrous ETF Fund (159880), highlighting its recent gains and the performance of its major holdings [1]. Group 1: Fund Performance - The Nonferrous ETF Fund (159880) opened with a gain of 0.63%, priced at 1.754 yuan [1]. - Since its inception on March 8, 2021, the fund has achieved a return of 74.03%, with a recent one-month return of 12.76% [1]. Group 2: Major Holdings - Key stocks in the Nonferrous ETF Fund include: - Zijin Mining: up 2.13% - Luoyang Molybdenum: up 0.19% - Northern Rare Earth: up 0.02% - China Aluminum: up 1.40% - Shandong Gold: up 3.03% - Huayou Cobalt: up 0.26% - Zhongjin Gold: up 3.28% - Ganfeng Lithium: up 0.06% - Chifeng Jilong Gold: up 4.08% - Yun Aluminum: up 1.59% [1].

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 ...

Core Viewpoint - The traditional metal resources are becoming a new lifeline amid the technological wave and energy transition, with challenges in supply for non-ferrous metals and potential long-term turning points in the sector [1] Group 1: Tin Market Insights - AI servers consume significantly more tin than traditional servers, leading to an increase in tin demand, with an expected annual growth rate of 44.5% in global tin consumption from 2025 to 2030 [2] - Limited new supply capacity for tin in the medium to long term, combined with growth in emerging fields like AI and robotics, as well as steady growth in electric vehicles and photovoltaics, supports a bullish long-term outlook for tin prices [2] Group 2: Precious Metals Outlook - The precious metals sector is currently at the lower end of historical valuation, indicating potential for sustained recovery, with recommendations to focus on companies like Shandong Gold, Zhaojin Mining, and others [3] - The gold-silver ratio is currently high and is expected to converge, suggesting a focus on silver investments [3] - Future investments in power grids and growth in AI data centers, along with relatively inelastic copper supply, are likely to elevate copper price levels [3] Group 3: Copper Investment Opportunities - Global copper supply is expected to face long-term constraints due to insufficient capital expenditure in mining, which may limit supply growth [4] - Anticipated interest rate cuts by the Federal Reserve could catalyze a new upward cycle in copper prices, making the copper sector an attractive investment opportunity [4] - Recommended companies include Zijin Mining, Luoyang Molybdenum, and others [4] Group 4: Cobalt Market Dynamics - The implementation of export quotas for cobalt from the Democratic Republic of Congo is expected to reduce exports by over 100,000 tons in the next two years, leading to an estimated market shortage of about 30,000 tons in 2024 [5] - The tightening supply in the cobalt market is likely to maintain high price levels, with potential for further increases [5] Group 5: Overall Non-Ferrous Metals Sector - Despite market reactions, there remains investment space in the non-ferrous metals sector, primarily driven by expectations of further interest rate cuts from the Federal Reserve, which could boost prices [6] - Precious and industrial metals are sensitive to global interest rate environments, indicating potential for price increases [6] - The current valuation of the non-ferrous metals sector in Hong Kong shows an advantage over A-shares [6]