AI基金鹏扬红利优选混合A（009102）披露2025年二季报，第二季度基金利润56.89万元，加权平均基金份额本期利润0.0041元。报告期内，基金净值增长率 为0.62%，截至二季度末，基金规模为1.66亿元。 该基金属于偏股混合型基金。截至7月17日，单位净值为1.213元。基金经理是李人望，目前管理8只基金近一年均为正收益。其中，截至7月17日，鹏扬核心 价值混合A近一年复权单位净值增长率最高，达21.5%；鹏扬景兴混合A最低，为4.75%。 基金管理人在二季报中表示，操作方面，本基金本报告期内根据风险收益比进行组合调整。4月初我们清仓了部分受关税影响较大的公司，建仓了音乐平台 公司，逐步加仓了短期盈利受损但长期壁垒不受影响、空间很大的外卖公司。同时，我们在创新药公司中做了一些仓位调整。另外，我们趁着贸易战带来的 下跌进行布局，加仓了有色中的铜和铝、石油装备公司。目前，组合持仓相比1季度变化不大，我们依然秉承从长期角度出发，淡化边际变化影响，从企业 未来的自由现金流角度出发来选股，在股票波动中不断地根据风险收益比调整持仓。 截至7月17日，鹏扬红利优选混合A近三个月复权单位净值增长率为8.89%，位于 ...

Core Viewpoint - The report highlights significant adjustments in the heavy holdings of Liu Gesong's six funds managed by GF Fund, particularly in the new energy vehicle and semiconductor sectors, with a notable shift towards new consumption, internet, and military industries [1][2]. Fund Holdings Adjustment - Liu Gesong's funds have reduced their positions in several previously favored stocks, including: - North Huachuang: Holdings decreased by approximately 17.69% to 161,240 shares [2]. - Seres: Holdings reduced by 9.14% [6]. - EVE Energy: Holdings decreased by 4.16% [6]. - JinkoSolar: Holdings down by 10.77% [6]. - Conversely, there has been a significant increase in holdings of stocks such as: - DeYe Co.: Increased by 40% [3][8]. - Xichuang Data: Increased by nearly 76% [3]. - Xiaomi Group-W: Increased by 25.66% [7]. Fund Performance - The overall performance of Liu Gesong's funds in Q2 was underwhelming, with all funds experiencing net redemptions: - The best-performing fund, GF Multi-Dimensional Emerging, recorded a net value growth rate of 7.91% [4]. - Other funds, such as GF Small Cap Growth A and C, reported growth rates of 2.38% and 2.28%, respectively [4]. - GF Innovation Upgrade and GF Technology Pioneer recorded negative returns [4]. Market Context - The A-share market saw mixed performance in Q2, with the Shanghai Composite Index rising by 3.26% and the Shenzhen Component Index slightly declining by 0.37% [5]. - Key sectors such as military, banking, and telecommunications showed significant gains, while sectors like food and beverage, home appliances, and steel performed poorly [5]. - Liu Gesong remains optimistic about the domestic economy's resilience, citing factors such as the easing of geopolitical tensions and supportive domestic policies [5].

智通财经7月18日电，市场监管总局发布2025年7月7日—7月13日无条件批准经营者集中案件列表，其中 包括紫金矿业集团股份有限公司与阿吉兰兄弟矿业公司新设合营企业案等。 ...

港股有色金属股震荡上升，金力永磁(06680.HK)、天齐锂业(009696.HK)涨超6%，灵宝黄金(03330.HK) 涨超5%，赣锋锂业(01772.HK)、洛阳钼业(03993.HK)均涨超4%，紫金矿业(02899.HK)涨超3.5%。 ...

2025年开年以来，黄金价格持续震荡走高。 下半年黄金价格有望继续强势 截至6月30日末，伦敦金现年内累计涨幅达25.84%，当日收盘价达3302.155美元/盎司；COMEX黄金年 内累计涨幅达25.52%，当日收盘价达3315.0美元/盎司；SHFE黄金年内累计涨幅达24.47%，当日收盘价 达767.58元/克。 金价"水位"持续攀升，A股黄金矿企上市公司业绩也"水涨船高"。截至7月17日记者发稿时，A股共7家 上市公司披露2025年半年度业绩预告，这7家上市公司业绩悉数同比预增，其中预计增幅最大的为西部 黄金股份有限公司（以下简称"西部黄金"），预计最高业绩增幅达141.66%。 业绩与股价"齐飞" 根据已披露业绩预告的7家企业情况来看，仅湖南黄金股份有限公司（以下简称"湖南黄金"）预计公司 归属于上市公司股东的净利润不足10亿元，其他6家企业预计归属于上市公司股东净利润均超10亿元， 其中紫金矿业集团股份有限公司（以下简称"紫金矿业"）预计2025年半年度实现归属于上市公司股东的 净利润约232亿元，与上年同期151亿元相比，将增加约81亿元。 此次披露业绩预告的7家上市公司中，预计业绩增幅在50% ...

公司发布25H1 业绩预告，Q2 预计归母净利润130 亿元经财务部门初步测算，公司预计2025 年半年度实 现归属于上市公司股东的净利润约232 亿元，与上年同期151 亿元相比，将增加约81 亿元，同比增加约 54%。其中，2025 年第二季度预计实现归属于上市公司股东的净利润约130 亿元，与2025 年第一季度 102 亿元相比，将增加约28 亿元，环比增加约27%。预计2025 年半年度实现归属于上市公司股东的扣 除非经常性损益的净利润约215 亿元，与上年同期154 亿元相比，将增加约61 亿元，同比增加约40%。 铜金量价齐升，支撑业绩高增 铜价产量提升支撑公司业绩高增。公司2025H1 矿产铜、矿产金、矿产银、矿产锌（铅）产量分别为57 万吨、41 吨、223 吨、20 万吨，分别同比+10%/+17%/+6%/-9%。同时金铜价格表现亮眼，Q2 沪金均价 770.46 元/g，环比提升15%，同比提升39%,沪铜均价78102 元/吨，环比提升0.86%,助力公司业绩高增。 拟分拆子公司港股上市，估值有望提升 2025 年5 月，公司拟将其控股子公司紫金黄金国际分拆至香港联交所主板上市。本次 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative price increase of over 20% compared to the benchmark index within six months [9][14]. Core Views - The company is projected to achieve a net profit of approximately 232 billion yuan for the first half of 2025, representing a year-on-year increase of about 54% from 151 billion yuan in the same period last year [3][4]. - The increase in copper and gold prices, along with higher production volumes, is expected to support significant growth in the company's performance [4][9]. - The planned spin-off of the subsidiary, Zijin Gold International, for a listing on the Hong Kong Stock Exchange is anticipated to enhance the company's valuation [5][9]. - The acquisition of the RG Gold Mine project for 1.2 billion USD is expected to further strengthen the company's global presence and asset scale [6][9]. Company Overview - The latest closing price of the company's stock is 19.14 yuan, with a total market capitalization of 508.7 billion yuan [2]. - The company has a total share capital of 26.578 billion shares, with 20.588 billion shares in circulation [2]. - The company’s debt-to-asset ratio stands at 55.2%, and its price-to-earnings ratio is 15.82 [2]. Financial Projections - For the years 2025 to 2027, the company is expected to see net profits of 452 billion yuan, 505 billion yuan, and 568 billion yuan respectively, with year-on-year growth rates of 41%, 12%, and 12% [9][11]. - The projected earnings per share (EPS) for 2025 is 1.70 yuan, with a price-to-earnings ratio (P/E) of 11.24 [11][13].

国际金价站上3350美元，高盛大胆预测将涨至4000美元，然而花旗银行却相对保守，预测仅为3000美元。分析师们发出警告："金价三年累计上涨125%，是 时候喘口气了！" 紫金矿业、湖南黄金等股票价格已上涨超过50%，引发市场热议，不少网友焦虑地表示："邻居靠湖南黄金赚了一辆宝马，我现在追会不会 接盘？" 这轮矿业股票的狂欢，究竟是昙花一现还是长期盛宴？ 紫金矿业上半年交出亮眼成绩单：净利润高达232亿元，同比暴涨54%，仅上半年就赚取了全年利润。二季度单季利润更是达到惊人的130亿元，环比增长 27%，平均每天进账1.28亿元，令股民们调侃道："这比开印钞厂还快！" 厦门一位资深股民王大叔欣喜地翻出持仓记录："去年3月买的紫金，现在涨了近一 倍，肠子悔青没多押点！" 然而，尽管业绩辉煌，紫金矿业港股却在业绩发布后下跌1.71%，董事长陈景河更是一脸无奈地抱怨："我们的黄金被当铁卖！" 市盈率仅为12倍，远低于国际巨头纽蒙特矿业的20倍，这究竟是何原因？ 白银价格暴涨也带动了A股相关股票的飙升。湖南白银7月11日和14日连续涨停，年内涨幅超过52%。这家拥有2000吨白银年产能的湖南国资委旗下企业， 从默默无 ...

每经记者｜胥帅 每经编辑｜魏官红 盐湖提锂龙头藏格矿业（000408.SZ，股价42.92元，市值673.94亿元）突发利空消息，上市公司子公司 在国内最大的盐湖——察尔汗盐湖的"提锂"活动被叫停。 7月17日午间，藏格矿业公告了这一事项，称当地相关部门要求子公司立即停止违规开采行为并积极整 改，完善锂资源合法手续，待锂资源手续合法合规后，向海西州盐湖管理局申请复产。 公告披露后，《每日经济新闻》记者联系到藏格矿业高管，对方表示暂时不太知道具体情况，以公告为 准。另外，记者注意到，去年以来，藏格矿业一直比较关注察尔汗盐湖采矿证（察尔汗盐湖钾镁矿采矿 权）续期的问题，到期时间在今年8月。上周，紫金矿业董事长陈景河先后奔赴西宁和格尔木，对藏格 矿业公司及相关公司进行调研。 被要求完善锂资源合法手续 7月17日午间，盐湖提锂龙头藏格矿业公告称，全资子公司格尔木藏格钾肥有限公司（以下简称"藏格钾 肥"）于2025年7月16日收到海西州自然资源局、海西州盐湖管理局下发的《关于责令立即停止锂资源开 发利用活动的通知》，该通知要求严格依照国家法律法规，切实履行企业主体责任，立即停止违规开采 行为并积极整改，完善锂资源合法手 ...

Group 1 - The core viewpoint of the news is the significant changes in the top holdings of various funds managed by Ruiyuan Fund, particularly the entry of Xinyi Technology into the top holdings of Ruiyuan Growth Value and the exit of Guanghui Energy [1][2] - Ruiyuan Growth Value experienced some net redemptions in Q2, but still maintained over 14.4 billion shares by the end of the quarter [2] - The fund reduced its holdings in China Mobile, Ningde Times, Tencent Holdings, and Maiwei Shares, with notable reductions in China Mobile and Maiwei Shares [2] Group 2 - Ruiyuan Balanced Value Three-Year Holding Fund saw significant changes in its top holdings, with new entries including Luxshare Precision, Hangzhou Bank, China Taiping, and Shenneng Power, while China Mobile and Shanxi Fenjiu exited the top ten [3] - The fund increased its allocation in banking, insurance, and electric power sectors while reducing exposure to consumer services, liquor, and pharmaceutical sectors [3] Group 3 - The Ruiyuan Hong Kong Stock Connect Core Value Mixed Fund experienced a significant increase in shares, with a growth of approximately 100% compared to the end of Q1 [6] - The top holdings included Pop Mart, Xiaomi Group, Zijin Mining, and others, while Alibaba, Shenzhou International, Shanxi Fenjiu, and others exited the top ten [6] - The fund manager emphasized the need for a nuanced understanding of the new consumption sector, highlighting the varying development stages and internal ROE models of sub-industries [6] Group 4 - The innovation drug sector emerged as a hotspot, with successful clinical progress in PD1/VGFR targets in China, raising concerns for multinational corporations (MNCs) about potential revenue declines due to patent expirations [7] - Uncertainties regarding tariffs have eased slightly, but concerns about the financial decoupling between China and the U.S. continue to suppress valuations in the technology sector [7] - The technology sector is currently at a relatively low valuation, and if advancements in AI research can close the gap with the U.S. industry, significant investment opportunities may arise in the second half of the year [7]