2025年9月30日 紫金矿业（601899.SH，02899.HK）旗下的 紫金黄金国际有限公司 （以下简称"紫金黄金国际"） 成功在港交所发行上市 股票代码：2259.HK 发行价格：71.59港元/股 开盘高开55.75％，报111.5港元/股 截至午间收盘 紫金黄金国际主要财务数据 紫金黄金国际的财务表现非常亮眼。2024年，公司营业收入达 29.90亿美元，净利润为6.21 亿美元，归母净利润为4.81亿美元。2025年上半年，公司业绩继 续保持高速增长，同比增长42.3%，至19.97亿美元；归母净利润同比增长142.6%，至5.20亿美元。2022-2024年，公司归母净利润的复合年增长率为61.9%。 | | | | 截至12月31日止年度 | | | | | 裁至6月30日止六個月 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 2022年 | | 2023年 | | 2024年 | | 2024年 | | 2025年 | | | | 美元 | 9/0 | 美元 | % | 美元 | ...

Core Viewpoint - Zijin Gold International officially listed on the Hong Kong Stock Exchange on September 30, with its stock price surging over 67% on the first day, achieving a market capitalization exceeding HKD 300 billion. The rise in gold prices has significantly contributed to this increase, with international gold prices reaching a historical high of USD 3,898 per ounce [1][2]. Group 1: Company Overview - Zijin Gold International is a spin-off from Zijin Mining Group, consolidating all of its gold mining assets outside of China. The company is primarily engaged in gold exploration, mining, processing, refining, and sales [1]. - The company aims to accelerate its internationalization process and strengthen its gold business segment through this spin-off, while also maintaining a stable equity structure at the Zijin Mining level [2]. Group 2: Financial Data - Revenue projections for Zijin Gold International from 2022 to the first half of 2025 are USD 1.818 billion, USD 2.262 billion, USD 2.990 billion, and USD 1.997 billion, respectively. The net profit for the same periods is projected to be USD 184 million, USD 230 million, USD 481 million, and USD 520 million [3]. - Notably, the net profit for the first half of 2025 is expected to surpass the total net profit for 2024, primarily driven by a significant increase in gross profit margin, which is closely linked to fluctuations in gold prices. The gross profit margin for gold products in the first half of 2025 is projected to be 46.5%, up from 36.5% in the same period last year [3].

9月30日，紫金矿业（601899.SH）旗下紫金黄金国际（02259.HK）正式登陆港交所，股价开盘即报 111.5港元/股，较发行价71.59港元/股上涨55.75%。截至午盘，涨幅扩大至60.78%，报115.1港元/股，总 市值达到3020亿港元。 此次IPO中，紫金黄金国际公开发售3.49亿股，募资总额249.84亿港元，成为2025年仅次于宁德时代的 港股第二大IPO。其公开发售部分获超190倍认购，冻结资金超4800亿港元，上市前一日的暗盘交易 中，股价盘中涨幅一度超过50%，市场热度远超同期其他新股。 值得注意的是，本次紫金黄金国际的上市进程也创下港股近期效率新高。2025年6月30日递表，9月14日 通过聆讯，9月30日正式挂牌，仅用3个月完成从申报到上市的全流程。 展望未来，黄金价格或有望进一步走高。高盛在9月初的报告中预计，基准情景下，到2026年中国际金 价将飙升至每盎司4000美元；在"尾部风险情景"下，金价或达每盎司4500美元。 民生证券指出，紫金黄金国际产量增速快、确定性强。公司未并表的哈萨克斯坦Raygorodok金矿若完成 收购，盈利能力将进一步提升。 公开资料显示，作为紫 ...

Core Viewpoint - Zijin Mining Group's subsidiary, Zijin Gold International, has launched a global offering, aiming to raise approximately HKD 25 billion through an IPO, marking it as the second-largest IPO in Hong Kong this year, following CATL's HKD 41 billion fundraising [2]. Group 1: IPO Details - Zijin Gold International plans to issue 349 million shares at an offering price of HKD 71.59 per share [2]. - The funds raised will be allocated for the acquisition of the Raygorodok gold mine in Kazakhstan, as well as for upgrading existing mines and construction projects to enhance production capacity [2]. Group 2: Company Background - Established in 2007 and headquartered in Hong Kong, Zijin Gold International specializes in gold exploration, mining, processing, and sales, with a primary focus on gold bars, refined gold, and gold concentrates [4]. - As of the end of last year, Zijin Gold International held gold reserves of 856 tons, ranking ninth globally, and produced 40.4 tons of gold, placing it eleventh worldwide [4]. Group 3: Strategic Moves - In April, Zijin Mining announced plans to restructure its overseas gold mining assets under Zijin Gold International and apply for its listing on the Hong Kong Stock Exchange [4]. - The restructuring involves several world-class gold mines located in South America, Central Asia, Africa, and Oceania, aimed at accelerating the company's internationalization and strengthening its gold business segment [4]. Group 4: Financial Performance - Zijin Mining is a large multinational mining group primarily engaged in metal mineral resource exploration and development, listed on both Shanghai A-shares and Hong Kong H-shares [5]. - In 2024, Zijin Mining achieved a net profit attributable to shareholders of RMB 32.1 billion, with a significant increase of 54% in net profit to RMB 23.3 billion in the first half of 2025 [5].

9月30日，A股震荡上涨，三大股指盘初拉升，创业板一度涨超1%，目前回落翻绿。有色金属板块集体拉升，芯片 半导体产业链活跃，AI硬件股调整，"易中天"领跌。港股冲高回落，恒科指一度涨超1%，恒指转跌，科网股多数下 跌，有色金属活跃。债市方面，国债期货走低。商品方面，国内商品期货下跌，燃油跌超2%。核心市场走势： | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | ਲੂ | 3868.69 | 6.16 | 0.16% | | 399001 | 深证成指 | Caller | 13484.12 | 4.69 | 0.03% | | 399006 | 创业板指 | | 3231.66 | -6.35 | -0.20% | | 000300 | 沪深300 | 13 | 4621.32 | 1.26 | 0.03% | | 000016 | FiFF50 | | 2979.19 | 6.15 | 0.21% | | 000680 | 科创综指 | | 1711.24 | 20.48 | 1 ...

（文章来源：每日经济新闻） 每经AI快讯，9月30日，紫金黄金国际高开高走，目前涨幅扩大至67%。 ...

Core Viewpoint - Zijin Gold International's IPO on the Hong Kong Stock Exchange marks a significant event in the global gold market, reflecting strong investor interest in resource-based assets and setting a new record for mining sector financing in 2023 [4][5]. Group 1: IPO Details - Zijin Gold International debuted on September 30, 2023, with an opening price of HKD 111.5 per share, a 55.75% increase from the offering price of HKD 71.59, resulting in a market capitalization exceeding HKD 290 billion [4]. - The IPO raised over USD 3 billion, making it the largest global IPO since May 2023 and the second-largest in the Hong Kong market this year, following CATL [4][5]. - Over 20 top-tier institutional investors, including GIC, Hillhouse Capital, BlackRock, and Schroders, subscribed to approximately USD 1.6 billion worth of shares, indicating strong long-term confidence in the company's fundamentals [4]. Group 2: Company Overview - Zijin Gold International operates as an independent platform for Zijin Mining, focusing on the entire gold value chain from exploration to sales, with assets in key gold-rich regions including Central Asia, South America, Africa, and Oceania [5][7]. - The company holds interests in eight high-quality mines, including the Gilar/Talor mine in Tajikistan and the Buriticá mine in Colombia, positioning it as a "growth engine" in the global gold mining industry [5][7]. Group 3: Financial Performance - From 2022 to 2024, Zijin Gold International's revenue is projected to grow from USD 1.818 billion to USD 2.99 billion, with a compound annual growth rate (CAGR) of 28.2%, while net profit is expected to surge from USD 184 million to USD 481 million, reflecting a CAGR of 61.9% [9]. - In the first half of 2025, the company reported revenues of USD 1.997 billion, a year-on-year increase of 42.3%, and net profit of USD 520 million, up 142.6% year-on-year [9]. - The company's all-in sustaining cost (AISC) for 2024 is projected to be USD 1,458 per ounce, ranking it among the lowest in the top fifteen gold producers globally [8]. Group 4: Market Trends and Future Outlook - The global gold market is experiencing a "golden era," with demand expected to grow at a steady rate of 3.2% annually over the next three years, driven by central banks and investment in gold as a safe haven [10]. - Zijin Gold International's listing is seen as a milestone for capitalizing on its resources and expanding globally, with plans to invest IPO proceeds into existing mine expansions and new resource explorations [10]. - The company is well-positioned to benefit from rising gold prices, which are projected to reach USD 2,386.4 per ounce in 2024 and USD 3,387.7 per ounce by 2026 [9].

（文章来源：每日经济新闻） 每经AI快讯，9月30日，港股黄金股盘初延续近期涨势，截至发稿，紫金黄金国际(02259.HK)涨 58.54%，报113.5港元；大唐黄金(08299.HK)涨10.42%，报0.53港元；紫金矿业(02899.HK)涨2.67%，报 33.02港元；灵宝黄金(03330.HK)涨1.52%，报18.68港元。 ...

智通财经APP获悉，黄金股盘初延续近期涨势，截至发稿，紫金黄金国际(02259)涨58.54%，报113.5港 元；大唐黄金(08299)涨10.42%，报0.53港元；紫金矿业(02899)涨2.67%，报33.02港元；灵宝黄金 (03330)涨1.52%，报18.68港元。 消息面上，受美国降息预期、对美国政府可能停摆的担忧以及地缘政治紧张局势升级影响，国际金价屡 创新高。今早，现货黄金突破3840美元/盎司，COMEX黄金期货同样走高，冲破3870美元/盎司，日内 涨0.5%。中信期货指，节日期间重点关注美国非农数据和PMI数据的披露，以及美国两党财政法案僵持 下，美国政府关门引起的数据延迟发布的风险。 此外，9月25日，紫金黄金国际正式在港股上市，该公司由紫金矿业分拆而来，在南美洲、大洋洲、中 亚和非洲等黄金资源富集区拥有8座黄金矿山的权益。东北证券认为，分拆上市后，公司黄金板块将获 得资本市场价值重估，带动紫金矿业整体估值上修。 ...

9月30日开盘，恒生指数涨0.19%，恒生科技指数涨0.34%。新股西普尼涨183.78%，紫金黄金国际涨 55.75%。紫金矿业涨超7%。 ...