| 代码 | 名称 | 涨跌幅 √ | 最新价 | 总市值 | | --- | --- | --- | --- | --- | | 08299 | 大唐寅金 | 4.17% | 0.250 | 18.57亿 | | 06693 | 赤峰黄金 | 3.77% | 23.920 | 454.58亿 | | 03330 | 灵宝黄金 | 3.38% | 10.400 | 133.85亿 | | 01818 | 招等处,亦 | 3.18% | 20.100 | 712.02亿 | | 01787 | 山东黄金 | 2.88% | 25.000 | 1118.36亿 | | 00340 | 漳关黄金 | 2.73% | 1.880 | 82.68亿 | | 02899 | 紫金矿业 | 2.51% | 21.680 | 5762.02亿 | | 00815 | 中国白银集团 | 2.35% | 0.435 | 10.19亿 | 港股市场黄金概念股逆势高开，其中，大唐黄金涨超4%，赤峰黄金、灵宝黄金、招金矿业涨超3%，山 东黄金、潼关黄金、紫金矿业、中国白银集团涨超2%。消息面上，伦敦金现上周五收涨超2%报3362.64 ...

Investment Rating - The report maintains a "Positive" investment rating for the industry [9] Core Viewpoints - The report suggests focusing on gold stocks for a potential second wave of market opportunities within the year, driven by three dimensions: gold prices, valuations, and investment style [2][4] - Gold prices are expected to rise due to a pure driving force this year, breaking away from traditional interest rate frameworks, with a 90% probability of a rate cut in September [2][4] - Valuations of nearly all A-share gold stocks have adjusted to levels seen before the Q1 rally, indicating a high risk-reward ratio for investors [2][4] - The relative performance of gold stocks has diverged significantly from gold prices, reaching a new high in this cycle [2][4] Summary by Sections Precious Metals - The report emphasizes the importance of gold stocks and suggests increasing allocation to them, highlighting companies such as Zhaojin Mining, Chifeng Jilong Gold Mining, Shandong Gold, and Shengda Resources [4] - Strategic metals like rare earths and tungsten are also highlighted for their potential value reassessment, driven by national policies and international market dynamics [5] - The report notes that the prices of rare earths have shown a significant increase, with Baotou Steel's rare earth concentrate price rising to 19,100 yuan/ton, a 1.5% increase [5] Industrial Metals - Industrial metals are experiencing downward pressure due to domestic demand concerns and a stronger US dollar, with copper and aluminum prices declining by 1.7% and 2.3% respectively [6][24] - The report indicates that the overall industrial metal market is in a state of fluctuation, with expectations of a rebound if the Federal Reserve implements rate cuts or if domestic stimulus measures are intensified [7] Lithium and Cobalt - The report highlights the short-term price fluctuations in lithium and cobalt, with battery-grade lithium carbonate prices dropping by 9.9% to 68.5 yuan/kg, while cobalt prices have shown an upward trend [25][29] - The report suggests monitoring supply disruptions in Jiangxi and emphasizes the potential for price increases in cobalt due to supply constraints [5][29]

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: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 招金礦業股份有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 内資股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 660,837,607 | RMB | | 1 RMB | | 660,837,607 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 660,837,607 | RMB | | 1 RMB | | 660,837,607 | | 2. 股份分類 | 普通股 | 股份類別 | H ...

Group 1 - The core viewpoint of the news is that the China Hong Kong 300 upstream index has shown significant growth over the past month, three months, and year-to-date, indicating a positive trend in the market [1][2] - The China Hong Kong 300 upstream index has increased by 8.11% in the last month, 21.15% in the last three months, and 16.69% year-to-date [1] - The index is composed of securities selected based on the China Securities Industry Classification, reflecting the overall performance of various thematic securities listed on the Hong Kong Stock Exchange [1][2] Group 2 - The top ten holdings of the China Hong Kong 300 upstream index include China National Offshore Oil Corporation (28.21%), PetroChina Company Limited (13.54%), Zijin Mining Group (10.5%), and China Shenhua Energy Company (9.62%) [1] - The index's holdings are entirely composed of securities listed on the Hong Kong Stock Exchange, with the oil and gas sector representing 51.36% of the index [2] - The index undergoes adjustments every six months, with the next adjustment scheduled for the second Friday of June and December, and can also be adjusted under special circumstances [2]

Core Viewpoint - The China Securities Hong Kong 300 Materials Index has shown significant growth, with a year-to-date increase of 45.40% and a recent one-month increase of 6.23% [1] Group 1: Index Performance - The China Securities Hong Kong 300 Materials Index reported a value of 2376.75 points, with a decline of 0.37% on the last trading day [1] - The index has experienced a three-month increase of 26.52% [1] Group 2: Index Composition - The top ten holdings in the China Securities Hong Kong 300 Materials Index include Zijin Mining (26.25%), China Hongqiao (12.13%), and Luoyang Molybdenum (7.36%) [1] - The index is fully composed of stocks listed on the Hong Kong Stock Exchange, with a 100% representation [1] Group 3: Industry Breakdown - The industry composition of the index shows that non-ferrous metals account for 79.26%, non-metallic materials for 14.63%, chemicals for 4.42%, and paper and packaging for 1.70% [2] - The index samples are adjusted biannually, with changes implemented on the next trading day following the second Friday of June and December [2]

机构：中邮证券 研究员：李帅华/杨丰源 国际领先的黄金矿石提供商：公司是集勘探、开采、选矿、冶炼于一体的综合性矿业集团，前身为1974 年成立的招远县黄金矿山局。 海外拓展，收购阿布贾金矿和科马洪金矿：公司2024年完成铁拓矿业和西金矿业收购，铁托矿业旗下的 阿布贾金矿年产黄金超过4吨，科马洪金矿属于近产大型矿山，短期内有望取得盈利。 盈利预测：预计2025-2027年，公司营业收入分别为162/177/194亿元人民币，归母净利润分别为 39.18/47.90/56.07亿元人民币，增速为170%/22%/17% 。PE分别为16.72/13.68/11.68 。考虑到公司海域金 矿有望在27年后逐步投产释放产量，其低成本与高产量有望在未来显著增厚公司业绩，因此给予"买 入"评级。 风险提示：金价大幅下跌；海域金矿投产时间不及预期；海域金矿投产后成本高于预期。 成本控制一贯优异：公司成本控制能力经历了时间考验。2015年，公司矿产金生产成本为135元/g， 2024年，矿产金生产成本提升至231元/g，成本年化提升5.5%。同期沪金年化涨幅超过9%，因此公司矿 产金毛利率不断提升，从2015年的44%提升至 ...

招金矿业(01818)发布公告，公司于2025年07月25日发行了2025年度第三期科技创新债券，简称"25招金 SCP003(科创债)"，发行总额为10亿元，发行利率为1.58%，期限为183日。 ...

智通财经APP讯，招金矿业(01818)发布公告，公司于2025年07月25日发行了2025年度第三期科技创新债 券，简称"25招金SCP003(科创债)"，发行总额为10亿元，发行利率为1.58%，期限为183日。 ...

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 對 因 本 公 告 全部或任何部份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） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條 而 作 出。 茲載列招金礦業股份有限公司於2025年7月29日在中國貨幣網(www.chinamoney.com.cn) 及上海清算所網站(www.shclearing.com.cn)所 刊 登 的《招 金 礦 業 股 份 有 限 公 司2025 年 度 第 三 期 科 技 創 新 債 券 發 行 情 況 公 告》，僅 供 參 考。 截 至 本 公 告 日 期，董 事 會 成 員 包 括： 執 行 董 事： 姜 桂 鵬 先 生、段 磊 先 生、王 立 剛 先 生 及 王 培 武 先 生 非 執 行 董 ...

资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期 调整日前，权重因子一般固定不变。特殊情况下将对指数进行临时调整。当样本退市时，将其从指数样 本中剔除。样本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处理。 本文源自：金融界 从指数持仓来看，中证香港300资源指数十大权重分别为：中国海洋石油（28.08%）、中国石油股份 （13.56%）、紫金矿业（10.98%）、中国神华（9.65%）、中国石油化工股份（9.33%）、中国宏桥 （4.87%）、中煤能源（3.43%）、洛阳钼业（3.06%）、招金矿业（2.89%）、兖矿能源（2.47%）。 从中证香港300资源指数持仓的市场板块来看，香港证券交易所占比100.00%。 从中证香港300资源指数持仓样本的行业来看，石油与天然气占比51.36%、煤炭占比16.03%、贵金属占 比15.66%、工业金属占比15.53%、稀有金属占比0.91%、其他有色金属及合金占比0.52%。 金融界7月31日消息，上证指数低开低走， ...