假设所有配售股份获悉数配售及待完成后，预期配售事项的最高所得款项总额及所得款项净额（经扣除 配售事项佣金以及配售事项的其他相关成本及开支后）将分别约为2.34亿港元及2.29亿港元。配售事项 所得款项净额拟用于可能的并购机会。公司将向联交所申请批准配售股份于联交所上市及买卖。 灵宝黄金公告，2025年3月10日，公司与配售代理(即国泰君安国际)订立配售协议，据此，配售代理已 有条件同意作为公司配售代理按尽力基准促使不少于六名承配人(彼等及彼等的最终实益拥有人(如适用) 将为独立第三方)认购最多4350万股配售股份，配售价为每股配售股份5.38港元。 假设于本公告日期至完成日期期间已发行股份数目并无变动，则配售事项项下的最多4350万股配售股份 相当于本公告日期现有已发行H股数目的约4.10%及现有已发行股份数目的约3.50%，及经配发及发行配 售股份扩大后的已发行H股数目的约3.93%及已发行股份数目的约3.38%。 校对：吕久彪 ...

Summary of Conference Call Minutes Company Overview - The conference call focused on **Lingjin Gold**, a company primarily engaged in the gold mining industry, which has seen increased market attention since last year due to significant profit releases and stock performance [1][2]. Key Points and Arguments - **Profit Forecast**: The company is expected to achieve a conservative profit of over **1 billion** (10亿) in 2025, corresponding to its current price-to-earnings (PE) ratio [1]. - **Company History**: Established in **2002**, Lingjin Gold has undergone several acquisitions, including mining subsidiaries, and divested non-core businesses to focus on gold mining [2]. - **Management Improvements**: Since the major shareholder took over in **2016**, management salaries have significantly increased from an average of **180,000** (18万) in 2017 to **1,160,000** (116万) in 2023, indicating better management incentives [3]. - **Resource Potential**: As of the end of **2023**, the company has a total resource volume of **137 tons** with an average grade of **5.4 grams per ton**, positioning it favorably in the industry [7]. - **Future Growth**: The company has significant potential for resource expansion, particularly in the **Laowan Gold Mine** in Henan, which has a reported resource volume of over **30 tons** and potential to exceed **500 tons** [8]. - **Production Trends**: Gold production has been steadily increasing, with **5.5 tons** produced in 2023. The company anticipates production could reach **7 to 8 tons** in the second half of 2024 [9][10]. - **Cost Management**: The mining cost remains stable at approximately **350 yuan** per gram, which is competitive within the industry [12]. Additional Important Information - **Market Conditions**: The company has faced historical volatility in earnings, particularly in **2013**, **2015**, and **2018**, but has shown signs of recovery and profitability since late **2022** [4][5][13]. - **Strategic Focus**: Lingjin Gold is preparing for a full conversion of domestic shares to H-shares for listing on the Hong Kong Stock Exchange, enhancing its market accessibility [3]. - **International Expansion**: The company has established an overseas division in **2024** to explore international mining opportunities [9]. This summary encapsulates the essential insights from the conference call regarding Lingjin Gold's operations, financial outlook, and strategic initiatives.

财联社1月16日讯(编辑 胡家荣) 受隔夜国际金价重回2700美元利好，港股黄金股走强。截至发稿，灵宝 黄金(03330.HK)、紫金矿业(02899.HK)、中国黄金国际(02099.HK)分别上涨5.40%、3.73%、2.79%。 消息方面，当地时间周三，美国劳工部公布的数据显示，因能源产品成本上升，美国12月整体CPI涨幅 略高于预期。但核心CPI数据几个月来首次出现放缓，激发了市场的乐观情绪。 在这一数据公布后，市场增加对美联储6月降息的押注，今年降息两次的可能性上升。受此刺激，贵金 属表现强势，现货黄金昨晚站上2700美元/盎司关口。 截至发稿，Comex黄金涨0.28%，报2725.50美元。 紫金矿业回应称列入实体清单不构成重大影响 具体数据显示，美国12月未季调CPI年率为2.9%，符合市场预期，前值为2.7%，为连续第三个月反弹， 至2024年7月以来新高；12月季调后CPI月率为0.4%，高于预期的0.3%，前值为0.3%。 值得注意的是，昨日下跌超5%的紫金矿业也在今日出现反弹。 消息方面，紫金矿业发布公告称，公司及在疆部分权属企业被列入UFLPA实体清单。紫金矿业表示， 公司及在疆部 ...

财联社1月16日电，截至发稿，灵宝黄金(03330.HK)涨4.63%、紫金矿业(02899.HK)涨3.18%、中国黄金 国际(02099.HK)涨2.21%。 消息面上，昨晚，美国整体CPI同比增速温和反弹至2.9%，核心CPI同比增速意外从上月的3.3%回落至 3.2%。 受此刺激，贵金属表现强势，现货黄金站上2700美元/盎司关口。 数据公布后，交易员增加对美联储6月降息的押注，今年降息两次的可能性上升。 ...

消息方面，COMEX黄金期货周二收涨0.81%，报2639.30美元/盎司。值得注意的是，2024年累计涨幅 27.5%，为2010年以来最大的年度涨幅;过去两年，金价上涨了44.5%。 这一年黄金涨势强劲，背后是多种因素共同发力。地缘政治紧张局势的加剧，使得投资者纷纷寻求避险 资产，黄金成为首选之一。货币政策的放松，为黄金价格上涨提供了有利的宏观环境。 此外黄金这一表现也提振国内黄金企业的表现。比如山东黄金前三季度实现归母净利润约20.66亿元， 同比增长53.57%；招金矿业前三季度业绩归母净利润8.81亿元，同比大增141.07%。 展望2025年，分析师普遍持乐观态度。尽管即将上台的特朗普政府的政策可能会带来一些变数，如政策 阻力或许会加剧通胀，并减缓美联储的降息步伐，但整体来看，支撑金价的因素依然强劲。 摩根大通也认为，尽管短期内黄金价格可能会因美国降息预期减弱而出现波动，但长期来看，黄金的结 构性牛市并未改变。 财联社1月2日讯(编辑 胡家荣) 今日港股持续盘整，但是黄金股获得资金关注。截至发稿，灵宝黄金 (03330.HK)、山东黄金(01787.HK)、中国黄金国际(02099.HK)分别上涨 ...

C LINGJIN 泉 金 Lingbao Gold Group Company Ltd. 噩 寶 黃 金 集 團 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：3330) 2024 中期報告 目錄 | --- | --- | |-------|------------------------------| | | | | 2 | 公司資料 | | 4 | 管理層討論及分析 | | 16 | 其他資料 | | 23 | 審閱報告 | | 24 | 簡明綜合損益表 | | 25 | 簡明綜合損益及其他全面收益表 | | 26 | 簡明綜合財務狀況表 | | 28 | 簡明綜合權益變動表 | | 29 | 簡明綜合現金流量表 | | 30 | 未經審核中期財務報告附註 | | | | 二零二四年中期報告 靈寶黃金集團股份有限公司 2 公司資料 | --- | --- | |-------------------------|-------------------------------------------------------| | 董事 * | 薪酬與考核委員會 | | ...

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 4,281,228, a decrease of 26.6% compared to RMB 5,838,583 for the same period in 2023[2] - Gross profit increased to RMB 407,686, representing a gross margin of 9.5%, compared to RMB 355,376 in the previous year[2] - Operating profit for the period was RMB 256,570, down from RMB 282,644 in the prior year, reflecting a decrease of 9.2%[2] - Profit before tax was RMB 182,511, a decrease of 6.3% from RMB 194,846 in the same period last year[2] - Net profit attributable to equity shareholders was RMB 152,538, an increase of 8.6% compared to RMB 140,352 in the previous year[2] - Basic and diluted earnings per share were RMB 12.54, down from RMB 16.24 in the same period last year[2] - The company reported a total comprehensive income of RMB 145,136 for the period, compared to RMB 88,567 in the previous year[3] - Reported segment revenue for the six months ended June 30, 2024, was RMB 5,074,098,000, compared to RMB 7,115,844,000 for the same period in 2023[16] - The group’s reported segment profit for the six months ended June 30, 2024, was RMB 248,894,000, down from RMB 374,983,000 in the previous year[16] - Consolidated revenue for the six months ended June 30, 2024, was RMB 4,281,228, down 26.7% from RMB 5,838,583 in the prior year[17] Assets and Liabilities - Total assets as of June 30, 2024, were RMB 4,003,292, an increase from RMB 3,871,596 as of December 31, 2023[4] - Current liabilities amounted to RMB 4,470,488, compared to RMB 3,706,322 at the end of the previous year[4] - The net asset value increased to RMB 2,612,111 from RMB 2,436,554 as of December 31, 2023[6] - As of June 30, 2024, the group reported net current liabilities of RMB 572,314,000 and capital commitments of RMB 344,032,000[8] - The group had cash and cash equivalents of RMB 331,854,000 and pledged deposits of RMB 1,559,300,000 as of June 30, 2024[8] - The group has uncommitted and undrawn bank financing of RMB 626,970,000 available as of June 30, 2024, which management may consider utilizing[10] - Total reported segment liabilities as of June 30, 2024, were RMB 6,962,114,000, an increase from RMB 5,208,742,000 as of December 31, 2023[16] - Total liabilities from bank and other borrowings reached RMB 3,844,529 thousand as of June 30, 2024, compared to RMB 2,853,108 thousand as of December 31, 2023, reflecting a 34.7% increase[34] Production and Sales - Gold sales revenue for the six months ended June 30, 2024, was RMB 4,232,540, a decrease of 25.0% from RMB 5,639,239 in the previous year[19] - Other metal sales revenue for the six months ended June 30, 2024, was RMB 81,098, down 57.6% from RMB 191,375 in the prior year[19] - The company produced approximately 7,950 kg (about 255,580 ounces) of gold bars in the first half of 2024, a decrease of about 5,068 kg (approximately 162,935 ounces) compared to the same period last year, resulting in a revenue decline of approximately 26.67% to about RMB 4,281,228 thousand[42] - The mining segment's total revenue for the period was approximately RMB 778,098 thousand, a decrease of about 37.56% from RMB 1,246,110 thousand in the same period last year[43] - The mining segment's profit for the period was approximately RMB 273,277 thousand, down about 32.38% from RMB 404,156 thousand in the same period last year[45] Investments and Expenditures - The company acquired property, plant, and equipment amounting to RMB 10,099,000 and added RMB 207,136,000 in construction in progress for the six months ended June 30, 2024[28] - The company invested RMB 95 million in resource exploration, safety, environmental protection, and technological innovation to enhance resource development efficiency and reduce safety risks[51] - The company plans to invest approximately RMB 200 million over three years in exploration at the Lingjin Mine to increase reserves and production in the Xiaoqinling gold mining area[52] - The group’s capital expenditure for the period was approximately RMB 288,056 thousand, an increase of about 42.9% compared to RMB 201,619 thousand for the same period in 2023[69] Operational Efficiency and Digital Transformation - The company has invested RMB 21 million in the digital transformation of mining operations, implementing unmanned control and unified information management across multiple systems[53] - The company launched a transaction management system integrated with financial systems to enhance efficiency and risk control[53] - The MES system has been implemented in the Nanshan and Xingyuan companies, with plans for further rollout in other subsidiaries to improve overall digitalization[53] - The company aims to achieve full-process digitalization and smart transformation in production, enhancing operational efficiency and management upgrades in the second half of the year[54] Environmental and Safety Initiatives - The company invested nearly RMB 7 million in environmental restoration, achieving the recovery of 470 acres of vegetation and planting 7,530 trees, in line with its commitment to sustainable development[54] - The company is committed to enhancing safety and environmental protection, investing RMB 41,820 thousand in safety measures and environmental projects in the first half of the year[60] Market Risks and Future Outlook - The group faces various market risks, including fluctuations in gold prices and interest rates, which may impact financial performance[64] - The board believes that the preparation of the interim financial report on a going concern basis is appropriate, assuming the success of the plans and measures in place[10] - The company aims to leverage favorable market conditions in the second half of the year to enhance production organization and cost control[50] - The group plans to strengthen management and optimize production to enhance profitability and reduce the debt ratio[62]

Financial Performance - For the fiscal year ending December 31, 2023, the group produced approximately 22,565 kg (about 725,476 ounces) of gold, a decrease of approximately 1,788 kg (about 57,478 ounces) or 7.34% compared to the previous year[17]. - The net profit for the fiscal year 2023 was approximately RMB 294,027 thousand, an increase from RMB 230,270 thousand in the fiscal year 2022[17]. - The basic earnings per share for the fiscal year 2023 was RMB 32.35, compared to RMB 27.8 in the fiscal year 2022[17]. - The total revenue for the smelting division in fiscal year 2023 was approximately RMB 10,618,737,000, an increase of about 4.87% from RMB 10,125,830,000 in the previous year[94]. - The group’s revenue was approximately RMB 10,533,681 thousand, an increase of about 4.02% compared to the previous year[113]. - The gross profit for fiscal year 2023 was RMB 969,901 thousand, up from RMB 785,101 thousand in the previous year, reflecting improved cost management and increased market prices[113]. - The mining segment's total revenue for the fiscal year 2023 was approximately RMB 2,385,419,000, an increase of about RMB 448,586,000 or 23.16% from RMB 1,936,833,000 in the previous year[75]. - The total sales quantity of gold bars for fiscal year 2023 was 22,790 kg, with a sales revenue of RMB 10,058,989,000, compared to 24,499 kg and RMB 9,565,030,000 in the previous year[97]. - The company reported a net loss of approximately RMB 63,131,000 in other losses for fiscal year 2023, an increase of about 30.0% from RMB 48,561,000 in the previous year[98]. - The company’s other income for fiscal year 2023 was approximately RMB 48,292,000, an increase of about 5.68% from RMB 45,697,000 in the previous year, mainly due to increased government subsidies[101]. Resource Management - As of December 31, 2023, the total gold reserves and resources amounted to approximately 137.40 tons (4,417,346 ounces)[17]. - The company aims to strengthen its core gold business and enhance its competitive edge through innovation and talent acquisition in 2024[9]. - The company plans to implement a "go out" strategy, targeting two to three investment projects that align with its strategic goals to increase resource reserves[10]. - Future strategies include expanding mining production scale and continuing acquisitions of potential gold resources[41]. - The total metal quantity from domestic mines is 1,846 kg, with a controlled quantity of 43,834 kg and an inferred quantity of 57,765 kg[45]. - The total metal quantity from foreign mines is 6,137 kg, with a controlled quantity of 49,971 kg and an inferred quantity of 85,581 kg[45]. - The company operates 35 mining and exploration rights across various regions, with a total exploration area of 216.51 square kilometers[60]. - The total production of gold concentrate (containing gold) and refined gold for the fiscal year 2023 was 5,478 kg, an increase of 57 kg or 1% compared to the previous year[90]. Operational Efficiency - The company is focusing on the integration of new generation information technology with mining operations to improve overall economic efficiency[9]. - The company is enhancing its governance structure and operational management systems to improve efficiency and problem-solving capabilities[11]. - The company reported a stable and healthy development trend in 2023, focusing on improving management techniques and operational efficiency[22]. - The company has implemented a problem-solving approach, categorizing issues and creating a list to ensure accountability and timely completion[22]. - The revenue from the mining division in mainland China increased by approximately 26.9% year-on-year, benefiting from improved management and production organization[90]. - The mining area revenue distribution for 2023 was approximately 78% from Henan, 14% from Xinjiang, 7% from Kyrgyzstan, and 1% from Inner Mongolia[75]. Corporate Governance - The company has established a clear corporate governance procedure to ensure transparency and protect the interests of shareholders and employees[162]. - The company has adopted the corporate governance code as per the listing rules, demonstrating a commitment to governance standards[188]. - The board of directors maintained a 100% attendance rate in all 14 meetings held during the year[170]. - The company has established various internal control systems to ensure high standards of corporate governance[170]. - The board is responsible for reviewing and supervising compliance with legal and regulatory policies[170]. - The company emphasizes the importance of independent judgment in board meetings, particularly in matters involving potential conflicts of interest[190]. - The audit committee is composed entirely of non-executive or independent non-executive directors, with a professional accountant serving as the chair[199]. - The management team regularly submits business and financial reports to the board[170]. Financial Position - In 2023, the total assets of the company amounted to RMB 6,836,150,000, a decrease from RMB 6,903,903,000 in 2022, representing a decline of approximately 1.0%[58]. - The company's cash and cash equivalents increased to RMB 256,724,000 in 2023, up from RMB 173,010,000 in 2022, reflecting a growth of approximately 48.4%[58]. - The total equity attributable to shareholders rose to RMB 2,662,151,000 in 2023, compared to RMB 2,104,393,000 in 2022, marking an increase of about 26.4%[58]. - As of December 31, 2023, the group's total equity was RMB 2,436,554 thousand, up from RMB 1,898,582 thousand a year earlier[116]. - The current ratio improved to 80.0% as of December 31, 2023, compared to 72.5% at the end of the previous year[116]. - The debt ratio decreased to 41.7% as of December 31, 2023, down from 53.2% a year earlier[135]. - The group had unutilized bank financing of RMB 291,000 thousand available to support operations as of December 31, 2023[117]. - The company aims to enhance its financing capabilities and reduce debt ratios through various measures, including obtaining additional long-term loans secured by its properties[103]. Employee Development - The company has established a technical education training center to enhance the skills of its employees and management staff[6]. - The average number of employees for the fiscal year 2023 was 4,103, with a gender distribution of 77.97% male and 22.03% female[146]. - The company has a competitive compensation and training program for its employees, emphasizing the importance of human resources[146]. - The company is committed to continuous professional development for directors and senior management[170].

智通财经APP获悉，黄金股全线走高，截至发稿，灵宝黄金(03330)涨22.82%，报2.96港元；招金矿业 (01818)涨8.87%，报10.68港元；山东黄金(01787)涨4.72%，报15.96港元；紫金矿业(02899)涨3%，报 15.8港元。 消息面上，标普称，由于商业房地产风险，将五家美国地区银行的展望从稳定调整为负面，同时芝加哥 联储主席表达支持今年三次降息观点，市场持续看好美联储6月降息的前景，关键美债收益率周三回 落，带动金价上行。此外，地缘冲突扰动也推动避险情绪，国际金价当天上涨，创收盘历史新高。截至 收盘，纽约商品交易所4月黄金期价收于每盎司2191.7美元，涨幅为0.67%。 ...

Financial Performance - For the fiscal year ending December 31, 2023, the total revenue was RMB 10,533,681,000, an increase of 4.0% from RMB 10,126,458,000 in 2022[3] - The gross profit for the year was RMB 969,901,000, representing a gross margin of approximately 9.2%[3] - Operating profit increased to RMB 581,649,000, up 31.6% from RMB 441,817,000 in the previous year[3] - The net profit attributable to equity shareholders was RMB 318,082,000, a significant increase of 32.4% compared to RMB 240,222,000 in 2022[3] - Earnings per share for the year were RMB 32.35, compared to RMB 27.80 in the previous year, reflecting a growth of 16.5%[3] - Total comprehensive income for the year 2023 was RMB 282,561,000, an increase of 88.0% compared to RMB 150,386,000 in 2022[19] - The net profit for the fiscal year 2023 was approximately RMB 294,027,000, compared to RMB 230,270,000 for the fiscal year 2022, representing an increase of about 27.7%[84] - Basic earnings per share for 2023 were RMB 32.35, up from RMB 27.80 in 2022, reflecting an increase of 16.5%[34] Revenue Segments - The revenue from gold sales was RMB 10,177,658,000, which accounted for the majority of total revenue[10] - Revenue from the domestic mining segment increased by approximately 68.3% in fiscal year 2023 compared to fiscal year 2022, driven by management reforms and enhanced production organization[87] - The mining segment's total revenue for the fiscal year 2023 was approximately RMB 2,385,419,000, an increase of about RMB 448,586,000 or 23.16% compared to the previous year[112] - The total revenue from the smelting segment for fiscal year 2023 was approximately RMB 10,618,737,000, an increase of about 4.87% compared to the previous year[115] Assets and Liabilities - The company reported a net current liability of RMB 741,768,000, with total bank and other borrowings amounting to RMB 2,853,108,000[7] - The net asset value increased to RMB 2,436,554,000 in 2023 from RMB 1,898,582,000 in 2022, representing a growth of 28.3%[21] - Non-current liabilities rose to RMB 693,274,000 in 2023, compared to RMB 507,000,000 in 2022, marking a 36.7% increase[21] - The total equity attributable to equity shareholders increased to RMB 2,662,151,000 in 2023 from RMB 2,104,393,000 in 2022, a rise of 26.4%[21] - The balance of bank and other borrowings decreased to RMB 2,853,108,000 in 2023 from RMB 3,671,749,000 in 2022, a reduction of 22.3%[45] Dividends and Shareholder Returns - A proposed final dividend of RMB 0.065 per share, amounting to approximately RMB 79,076,000, has been approved by the board[15] - The company did not declare or pay any dividends for the fiscal year 2023, consistent with 2022[59] - The board proposed a final dividend of RMB 0.065 per share (tax included) for the fiscal year ending December 31, 2023, compared to no dividend in the previous fiscal year[181] Operational Highlights - The company produced approximately 22,565 kg (about 725,476 oz) of gold bars in the fiscal year 2023, a decrease of about 1,788 kg (approximately 57,478 oz) or 7.34% compared to the previous year[84] - The company completed the production of gold concentrate and refined gold totaling 5,478 kg, an increase of 57 kg or 1% year-on-year[87] - The company recorded a total of 11,066 kg of gold bars produced through gold concentrate processing in fiscal year 2023, compared to 11,641 kg in fiscal year 2022, reflecting a decrease of about 4.9%[89] Tax and Impairment - The company reported a provision for current tax of RMB 142,176,000 for the year, compared to RMB 57,288,000 in the previous year, indicating a significant increase[28] - The company recognized an impairment loss of RMB 9,106,000 in 2022, which was not present in 2023, indicating improved asset performance[42] - The company reported a significant impairment loss of RMB 40,047,000 on intangible assets in 2023, down from RMB 48,160,000 in 2022[54] Governance and Compliance - The company has complied with the Corporate Governance Code as per the listing rules and confirmed no breaches during the fiscal year[161] - The audit committee reviewed and confirmed the annual performance without any disagreements regarding the accounting treatment adopted by the company[185] Future Outlook - The company plans to strengthen governance and accelerate the "digital intelligence" transformation to enhance operational management[117] - The group plans to enhance its core competitiveness by integrating new information technology with mining operations and focusing on exploration and resource expansion in 2024[142] - The group aims to reduce its debt ratio and enhance financing capabilities through various measures, including securing additional long-term loans at lower interest rates[149]