消息面上，近日，8月美国非农数据公布。华福证券认为，美联储如期降息25个基点，符合预期，声明 中首次承认"上半年经济增长放缓、就业增长放缓、失业率小幅上升、通胀持续高企"，对平衡通胀及就 业风险的措辞表现更加鸽派。贵金属在降息和避险情绪驱动下表现强势。长江证券表示，降息周期初期 金价延续震荡上行格局不变。需要注意学习效应下，市场在降息后或将注重再通胀风险，将触发银金比 显著修复。 中信建投指出，美国8月季调后非农就业人口、2025年全年非农就业下调均低于预期，8月失业率创2021 年10月以来新高，首次申请失业金人数超预期、9月密歇根大学消费者信心指数低于预期，显示美国就 业现状疲软，经济有衰退可能。同时，美国8月PPI大幅低于预期，CPI和核心CPI符合预期，通胀情况 使得美联储9月降息，市场预期2025年底前美联储还将降息2次。在这种情况下，黄金的金融属性使其在 降息周期前期和中期更具吸引力。 智通财经APP获悉，黄金股多数上涨，截至发稿，灵宝黄金(03330)涨4.74%，报17.24港元；招金矿业 (01818)涨4.5%，报29.28港元；中国白银集团(00815)涨4%，报0.52港元；山东黄金( ...

Group 1 - The core viewpoint of the article highlights the upward trend of gold stocks in the Hong Kong market, with notable gains from companies such as Zhaojin Mining and Lingbao Gold [1] - Zhaojin Mining led the sector with a 4.4% increase, while Lingbao Gold and China Silver Group both rose by 4% [1] - The current price of spot gold increased by 0.1%, reaching $3687.84 per ounce, amid a cautious market awaiting further clues on the Federal Reserve's interest rate path [1] Group 2 - Huatai Securities reported that the Federal Reserve's September FOMC meeting resulted in a 25 basis point rate cut, with expectations of an additional 50 basis points cut by year-end [1] - The long-term value of gold remains intact due to ongoing rate cuts by the Fed in the context of economic adjustments and persistent inflation concerns [1] - Global central banks and institutional investors are increasingly allocating more to gold, driven by de-dollarization trends, geopolitical risks, and the need for diversified investment portfolios [1]

Group 1 - Lingbao Gold (03330.HK) increased by 5.77% [1] - Zhaojin Mining (01818.HK) rose by 5.64% [1] - Shandong Gold (01787.HK) saw a rise of 3.59% [1] - WanGuo Gold Group (03939.HK) experienced a 3.43% increase [1]

Group 1 - The core viewpoint of the news is that Zhaojin Mining's cornerstone investment in Zijin Gold International signifies a deepening strategic partnership between Zhaojin Mining and Zijin Mining [1][6] - Zijin Mining's spin-off of its high-growth gold enterprise, Zijin Gold International, has garnered significant attention due to the record high international gold prices this year [1] - Zijin Gold International's IPO has attracted 29 cornerstone investors, collectively subscribing for $1.6 billion worth of shares, with Zhaojin Mining's subsidiary, Spico, being the only industrial capital investor [1][2] Group 2 - Zhaojin Mining and Zijin Mining have a strong historical relationship, with Zijin Mining acquiring a 20% stake in Zhaojin Mining for 4.06 billion yuan at the end of 2022, making it the second-largest shareholder [2][3] - As of June 30, 2025, Zijin Mining is expected to hold an 18.2% stake in Zhaojin Mining through Jinshan International [2] - The two companies are collaborating on the development of the largest single gold mine in China and the first offshore gold mine, with Zhaojin Mining holding 70% and Zijin Mining 30% of the offshore gold mine [3] Group 3 - Zhaojin Mining's strategic investment in Zijin Gold International is anticipated to yield long-term returns for itself and its shareholders [6] - Zijin Gold International is positioned as a leading global gold mining company, with significant resources and projected to rank ninth in gold reserves and eleventh in gold production by the end of 2024 [6] - The compound annual growth rate of Zijin Gold International's net profit attributable to shareholders is expected to reach 61.9% from 2022 to 2024, indicating high growth potential [6]

Core Viewpoint - The rising international gold prices have led to increased attention on Zijin Mining's spin-off of its high-growth gold business, Zijin Gold International, for a Hong Kong IPO Group 1: IPO Details - Zijin Gold International's IPO has attracted 29 cornerstone investors, collectively subscribing for $1.6 billion of the offering shares [1] - Notably, the only industrial capital participating in the IPO is from Shandong Gold Mining's subsidiary, which subscribed for 3.2655 million shares, accounting for 0.94% of the total offering [1] Group 2: Key Investors - Major cornerstone investors include GIC, Hillhouse, BlackRock, and Schroders, with GIC and Hillhouse each investing $150 million, representing 4.68% of the offering shares [2] - Other significant investors include Baillie Gifford, China Pacific Insurance, and Taikang Life, each investing $60 million, representing 1.87% of the offering shares [2] Group 3: Strategic Partnerships - Shandong Gold Mining and Zijin Mining have a deep-rooted relationship, with Zijin Mining acquiring a 20% stake in Shandong Gold Mining for 4.06 billion yuan at the end of 2022 [3] - Both companies are jointly developing the largest single gold mine in China and the first offshore gold mine, with Shandong Gold Mining holding 70% and Zijin Mining 30% of the offshore gold mine [3] Group 4: Growth Potential - Zijin Gold International is projected to have significant growth, with a compound annual growth rate (CAGR) of 61.9% in net profit from 2022 to 2024, and is expected to rank ninth globally in gold reserves and eleventh in gold production by the end of 2024 [6] - The offshore gold mine is expected to achieve an annual production of over 15 tons of gold once fully operational by the end of 2027 [3]

Group 1 - The core point of the news is that Zhaojin Mining (01818.HK) has signed a cornerstone investment agreement to invest USD 30 million in Zijin International's IPO, which strengthens the strategic partnership between Zhaojin Mining and its major shareholder, Zijin Mining [1] - Zhaojin Mining's investment will be funded through internal financial resources and is part of Zijin International's international offering [1] - Zijin International, a wholly-owned subsidiary of Zijin Mining, reported an audited total equity of approximately USD 4.236 billion as of June 30, 2025, with projected pre-tax profits of USD 427 million, USD 415 million, and USD 937 million for the years 2022 to 2024 [1] Group 2 - Zhaojin Mining's mid-year report for 2025 shows a revenue of CNY 6.973 billion, a year-on-year increase of 50.69%, and a net profit attributable to shareholders of CNY 1.44 billion, up 160.44% year-on-year [2] - The company achieved a total gold production of approximately 14,288.09 kilograms in the first half of the year, representing a growth of about 8.42% compared to the same period last year [2] - Zhaojin Mining's stock price has increased approximately 156% year-to-date, closing at HKD 28.02 per share as of September 19 [2]

| 表格序號 | | 大股東/董事/最高行政人員名稱 作出披露的 買入 / 賣出或涉及的股 每股的平均價 | | | 持有權益的股份 | | --- | --- | --- | --- | --- | --- | | | | 原因 份數目 | | | (請參閱上述 | | CS20250918E00511 | 招金矿业股份有限公司 | 1201(L) | 14,500,000(L) | HKD 30.0800 | 17,1 | | CS20250918E00510 | 斯派柯国际有限公司 | 1201(L) | 14,500,000(L) | HKD 30.0800 | 17.1 | 本次交易涉及关联方：斯派柯国际有限公司。 | 股份代號: | 06693 | | --- | --- | | 上市法團名稱: | 赤峰吉隆黃金礦業股份有限公司 - H股 | | 日期 (日 / 月 / 年): | 19/09/2024 - 19/09/2025 | 香港联交所最新资料显示，9月18日，招金矿业股份有限公司减持赤峰黄金（600988）(06693)1450万股，每股作价30.08港元，总金额约4.36亿港元。减持后 ...

智通财经APP获悉，香港联交所最新资料显示，9月18日，招金矿业股份有限公司减持赤峰黄金(06693)1450万股，每股作价30.08港元，总金额约4.36亿港 元。减持后最新持股数目为1711.74万股，最新持股比例为7.24%。 | 表格序號 | | 大股東/董事/最高行政人員名稱 作出披露的 買入 / 賣出或涉及的股 每股的平均價 | | | 持有權益的股份 | | --- | --- | --- | --- | --- | --- | | | | 原因 份數目 | | | (請參閱上述 | | CS20250918E00511 | 招金矿业股份有限公司 | 1201(L) | 14,500,000(L) | HKD 30.0800 | 17,1 | | CS20250918E00510 | 斯派柯国际有限公司 | 1201(L) | 14,500,000(L) | HKD 30.0800 | 17.1 | 本次交易涉及关联方：斯派柯国际有限公司。 | 股份代號: | 06693 | | --- | --- | | 上市法團名稱: | 赤峰吉隆黃金礦業股份有限公司 - H股 | | 日期 (日 / 月 ...

ZHAOJIN MINING INDUSTRY COMPANY LIMITED* 招金礦業股份有限公司 招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） 章 程 經於二零二五年九月十九日舉行的臨時股東大會特別決議修訂 本 公 司 章 程（「章 程」）的 原 始 版 本 為 中 文 版 本，章 程 的 英 文 版 本 為 中 文 的 譯 本。 章 程 的 中 英 文 版 本 如 有 任 何 歧 義，概 以 中 文 版 本 為 準。 (a joint stock limited company incorporated in the People's Republic of China with limited liability) (Stock Code: 1818) 招金礦業股份有限公司 章 程 第 一 章 總 則 第1.1條 招 金 礦 業 股 份 有 限 公 司（以 下 簡 稱「公 司」）系 依 照《中 華 人 民 共 和 國 公 司 法》（以 下 簡 稱《公 司 法》）和 國 家 其 他 有 關 法 律、行 政 法 規 成 立 的 股 份 有 限 公 ...

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的內容概不 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 就 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 的 任 何 損 失 承 擔 任 何 責 任。 ZHAOJIN MINING INDUSTRY COMPANY LIMITED* 招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：1818） 2025年第二次臨時股東大會投票結果 茲 提 述 招 金 礦 業 股 份 有 限 公 司（「本公司」）於2025年8月22日 刊 發 的 通 函（「通 函」）。 除 文 義 另 有 所 指 外，本 公 告 所 用 詞 彙 與 通 函 所 界 定 者 具 相 同 涵 義。 本公司已於2025年9月19日（星 期 五）上 午 九 時 正 在 中 國 山 東 省 招 遠 市 溫 泉 路118 號本公司會議室舉行2025年 第 二 次 臨 時 股 東 大 會（「臨時股東大會」）。臨 時 股 東 大 會 已 依 照 中 國 公 ...