【浙商金属】紫金矿业：2035年建成"绿色高技术超一流国际矿业集团" 根据公司2月9日公告，公司制定2026-2028年规划及2035年远景目标： 到2028年，公司的资源储量、主要矿产品产量、销售收入、资产规模、利润等综合指标排名进一步提升，铜、 金矿产品产量进入全球前3位，全面建成高度适配且具有紫金特色的全球化运营管理体系和ESG可持续发展体系； 力争到2035年，公司主要指标较2025年实现跨越式增长，部分指标达到全球首位，全面建成"绿色高技术超一 流国际矿业集团" 【浙商金属】紫金矿业：2035年建成"绿色高技术超一流国际矿业集团" 根据公司2月9日公告，公司制定2026-2028年规划及2035年远景目标： 到2028年，公司的资源储量、主要矿产品产量、销售收入、资产规模、利润等综合指标排名进一步提升，铜、 金矿产品产量进入全球前3位，全面建成高度适配且具有紫金特色的全球化运营管理体系和ESG可持续发展体系； 力争到2035年，公司主要指标较2025年实现跨越式增长，部分指标达到全球首位 从公司规划来看，2025年到2028年，公司拟实现： [玫瑰]矿产金由90吨增至130-140吨； [玫瑰]矿产 ...

Summary of Company and Industry Insights Company: Zijin Mining Group Strategic Goals and Future Planning - Zijin Mining has set ambitious goals for 2026-2028 and a long-term vision for 2035, aiming to become a "green, high-tech, first-class international mining group" by 2035 [1] - By 2028, the company plans to enhance its rankings in resource reserves, major mineral product output, sales revenue, asset scale, and profits, targeting to place copper and gold production among the top three globally [1] - The company aims to establish a global operational management system and an ESG sustainable development system tailored to its characteristics by 2028 [1] Production Targets - The company has outlined specific production targets for key minerals from 2025 to 2028: - Gold production is expected to increase from 90 tons to 130-140 tons [1] - Copper production is projected to rise from 1.09 million tons to 1.5-1.6 million tons [1] - Silver production is anticipated to grow from 437 tons to 600-700 tons [1] - Lithium carbonate equivalent is expected to jump from 25,000 tons to 270,000-320,000 tons [1] - Molybdenum production is set to increase from 11,000 tons to 25,000-35,000 tons [1] - Zinc/lead production is expected to remain stable at 400,000-450,000 tons [1] Market Position and Resilience - The company focuses on three strategic minerals: gold, copper, and lithium, aiming to accelerate capacity release and efficiently convert resource advantages into long-term value [2] - There is a market concern regarding the impact of gold and copper price fluctuations on the company's performance; however, the company possesses significant systematic technical capabilities to transform "stale mines into productive mines," which serves as a long-term competitive advantage [2] - Despite global challenges such as declining copper ore grades and increased mining difficulties, the company can leverage technical output and management optimization to achieve profitability and rapid scale expansion, thereby enhancing asset value [2]

Group 1 - The top three stocks with the highest short-selling ratios are New World Development Co. Ltd. (80016) at 100.00%, SenseTime Group Inc. (80020) at 80.12%, and Great Wall Motor Co. Ltd. (82333) at 75.14% [1][2] - The highest short-selling amounts are recorded for Xiaomi Corporation (01810) at 1.731 billion, Alibaba Group Holding Ltd. (09988) at 1.550 billion, and Meituan (03690) at 1.518 billion [1][3] - The top three stocks with the highest deviation values are New World Development Co. Ltd. (80016) at 44.46%, SenseTime Group Inc. (80020) at 35.88%, and China National Offshore Oil Corporation (80883) at 26.39% [1][3] Group 2 - The detailed short-selling ratio rankings show New World Development Co. Ltd. (80016) leading with a short-selling amount of 345,900 and a deviation value of 44.46% [2][3] - SenseTime Group Inc. (80020) follows with a short-selling amount of 257,500 and a deviation value of 35.88% [2][3] - Great Wall Motor Co. Ltd. (82333) has a short-selling amount of 70,700 and a deviation value of -3.29% [2] Group 3 - The short-selling amount rankings indicate Xiaomi Corporation (01810) at 1.731 billion with a short-selling ratio of 39.72% and a deviation value of 21.05% [3] - Alibaba Group Holding Ltd. (09988) has a short-selling amount of 1.550 billion with a short-selling ratio of 16.68% and a deviation value of 4.47% [3] - Meituan (03690) shows a short-selling amount of 1.518 billion with a short-selling ratio of 39.18% and a deviation value of 22.10% [3]

Core Viewpoint - Zijin Mining has raised its gold production target for the next three years, aiming to increase its gold output to 130-140 tons by 2028, positioning itself among the top three globally in gold production [2][12]. Production Targets - The company plans to increase its gold production from a previously set target of 100-110 tons in 2028 to 130-140 tons, which represents a 50% increase from the 2025 baseline [2][12]. - The production targets for other minerals include copper, which is expected to rise from 109,000 tons in 2025 to 150,000-160,000 tons by 2028, and silver, projected to increase from 437 tons in 2025 to 600-700 tons by 2028 [3][13]. Strategic Focus on Gold - Zijin Mining has shifted its focus towards gold, as evidenced by the increased weight of its gold business in its overall portfolio, leading to significant growth in profits and market value [4][11]. - The company's revenue from gold production has shown a substantial increase, with gold output rising from 56 tons to 90 tons between 2022 and 2025, marking a 61% increase [5][6]. Market Position and Competitiveness - As of 2025, Zijin Mining's gold production is expected to be significantly higher than its closest domestic competitor, Shandong Gold, and it has improved its global ranking from 9th to 5th in gold production [10][11]. - The company aims to surpass Agnico Eagle and Barrick Gold, which are currently ranked second and third in global gold production, by leveraging its high growth rate in gold output [17]. Future Growth and Projects - The company plans to support its ambitious gold production targets through various projects, including the Norton Gold Mine in Australia and the Buriticá Gold Mine in Colombia, as well as new acquisitions in Africa [18]. - A recent acquisition worth 28 billion yuan is expected to contribute approximately 12 tons of gold production by 2025, with further potential for increased output through expansion [18].

证券代码：601899 证券简称：紫金矿业 编号：临2026-012 紫金矿业集团股份有限公司 关于三年（2026-2028年）主要矿产品产量规划 和2035年远景目标纲要的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 重要内容提示： ● 2026年2月8日，紫金矿业集团股份有限公司（以下简称"公司"）召开第九届董事会2026年第4次临时 会议，会议审议通过《公司三年（2026-2028年）主要矿产品产量规划和2035年远景目标纲要》，明确 未来三年主要矿产品产量规划指标，并提出至2035年全面建成"绿色高技术超一流国际矿业集团"的远景 目标。 ● 本公告所涉未来规划、发展目标等前瞻性陈述，不构成公司盈利预测，亦不构成对投资者的实质性承 诺，其能否实现取决于宏观经济形势、政策环境、产品市场价格、项目建设进度、运营管理及投资并购 等多种因素，存在不确定性。鉴于市场环境复杂多变，公司或将根据发展需要对此作出相应调整，敬请 广大投资者注意投资风险。 一、编制背景 2023-2025年，面对全球政治经济和社会环境深刻变革， ...

2月9日【港股Podcast】恆指、泡泡瑪特 、中芯國際 、紫金礦業、美團、匯豐控股 1、恆生指數：多空觀點交織下的區間博弈 Simon：今日（9日）市場對恆指後市走勢呈現出典型的博弈格局。部分投資者判斷指數將在26000至27000點區間維持震盪整理，並據此部署收回價設在 25300點的牛證產品，以期在震盪市中獲取收益。與此同時，持謹慎態度的投資者則選擇持有熊證過夜，其策略基於對市場可能面臨技術性調整的預判，預 期指數或低開約200點，並注意到26300點下方仍聚集較多未平倉牛證，這部分倉位可能在未來波動中形成壓力。 從全日報收情況看，恆生指數今日表現較為積極，收盤成功收復27000點整數關口，報27027點。從技術結構觀察，收盤價不僅重回關鍵心理位，亦站穩於日 線圖保利加通道中軌上方。市場成交額較上周五略有回升，但相較於前期活躍階段仍顯溫和，顯示資金追漲意願暫未全面復蘇。 當前技術信號匯總顯示市場短期情緒偏謹慎，"賣出"信號數量以10比4領先於"買入"信號。指數短期關鍵支撐區域位於26500點附近，主要阻力則位於27500 點一帶，構成約500點的核心震盪區間。若後市跌破26500點支撐，下一支撐參考位下 ...

Group 1 - The core viewpoint of the article highlights the performance of the Non-ferrous Metals ETF Fund (516650), which opened with a gain of 1.90% at 2.145 yuan [1] - Major holdings in the Non-ferrous Metals ETF include Zijin Mining, which rose by 3.50%, and other companies such as Luoyang Molybdenum, Northern Rare Earth, and Huayou Cobalt, which also experienced gains [1] - The fund's performance benchmark is the CSI Sub-Industry Non-ferrous Metals Theme Index return, managed by Huaxia Fund Management Co., with a return of 110.83% since its inception on June 9, 2021, and a 4.15% return over the past month [1]

Core Viewpoint - Zijin Mining has raised its gold production target for the next three years, aiming to increase its gold output to 130-140 tons by 2028, positioning itself among the top three globally in gold production [1][11]. Production Plans - The company originally set a gold production target of 100-110 tons for 2028, but due to recent acquisitions of gold mining assets, it is likely to achieve an annual output of 100 tons by 2026, two years ahead of schedule [1][11]. - The new target requires an increase of 40-50 tons in gold production over the next three years, representing a 50% growth compared to the 2025 baseline [1][11]. Comparison with Competitors - Currently, the largest gold producer globally is Newmont Corporation, with a projected output of over 180 tons in 2025. Zijin Mining has at least 50% room for improvement to match Newmont's production levels [2]. - The company aims to surpass Agnico Eagle and Barrick Gold, which are currently ranked second and third in gold production [2][14]. Financial Performance - Zijin Mining's revenue grew by approximately 28%, while its total profit surged by around 167%, indicating that the growth in the gold segment has significantly outpaced overall revenue growth [4]. - In 2022, Zijin Mining's copper production was 910,000 tons, expected to rise to 1.09 million tons by 2025, while gold production is projected to increase from 56 tons to 90 tons, marking a 61% growth [5]. Market Position - As of February 9, 2026, Zijin Mining's market capitalization reached a peak of 1.1 trillion yuan, with the overall market value of the "Zijin system" exceeding 1.8 trillion yuan [9]. - The company has improved its global ranking in gold production from approximately ninth place in 2022 to fifth place by 2025 [9]. Strategic Focus - The company plans to continue focusing on its gold segment, with a production target of 130-140 tons by 2028, which is a 50% increase from the 2025 output [11][14]. - Zijin Mining is also accelerating the development of key projects in Australia, Colombia, Suriname, Ghana, and Kazakhstan to support its production goals [15][16].

Market Overview - The Dow Jones Industrial Average is projected to reach 100,000 points by January 2029, as stated by Trump, with the index recently surpassing 50,000 points for the first time [1] - The Hong Kong stock market rebounded significantly, closing up 1.76%, while the Nikkei 225 and KOSPI indices rose by 3.89% and 4.10%, respectively [1] - The Japanese ruling coalition secured a majority in the recent elections, with promises to stimulate the economy, leading to a surge in the Japanese stock market [1] Gold and Mining Stocks - Gold stocks continued to rebound, with the WanGuo Gold Group rising over 8% [2] - Zijin Mining announced a three-year production plan aiming to rank among the top three globally in copper and gold production by 2028, resulting in a stock increase of over 5% [2] AI and Technology Sector - Major tech companies including Meta, Amazon, Google, and Microsoft are expected to have a combined capital expenditure of $660 billion this year [3] - Nvidia is anticipated to report strong earnings, with Goldman Sachs raising its price target to $250, indicating a potential 35% upside from last week's closing price [2][3] Renewable Energy and Power Generation - North America is shifting investments in electricity generation from gas turbines to gas internal combustion engines and SOFCs, with stocks like Eagle Precision and Dongfang Electric seeing significant gains [4] - Dongfang Electric announced the commissioning of Ethiopia's largest wind power project, contributing to a stock increase of over 14% [4] AI Applications and Content Creation - ByteDance launched the Seedance 2.0 video generation model, which can create high-quality videos in 60 seconds, positively impacting related stocks like IP reserve holder Yuedong Group, which rose nearly 10% [5] - The copyright technology service provider for short dramas, Fubo Group, also saw a stock increase of over 7% [5] Real Estate Sector - Major real estate companies are undergoing organizational restructuring to adapt to market conditions, with firms like China Overseas Development and China Resources Land implementing significant changes [8] - These strategic adjustments are expected to enhance performance and improve valuations in the sector [8] Entertainment Sector - Cat's Eye Entertainment reported that the pre-sale box office for the 2026 Spring Festival exceeded 60 million yuan, with expectations for strong performance in upcoming films [9] - The company is heavily involved in the production and promotion of major films, which is likely to boost its revenue [9][10]

Group 1 - The core point of the article highlights the performance of the Penghua Nonferrous ETF (159880), which opened with a gain of 2.06% at 2.233 yuan [1] - Major holdings in the ETF include Zijin Mining, which rose by 3.50%, and other companies such as Luoyang Molybdenum (2.14%), Northern Rare Earth (2.97%), and Huayou Cobalt (1.49%) [1] - The ETF's performance benchmark is the National Index of Nonferrous Metals Industry, managed by Penghua Fund Management Co., Ltd., with a return of 118.94% since its inception on March 8, 2021, and a 5.03% return over the past month [1]