Group 1 - The Hong Kong stock market saw a collective rise in gold stocks, with Zijin Mining International up over 8%, China Silver Group up over 7%, and Tongguan Gold up over 4% [1] - International gold prices continued to strengthen, reaching a peak of $3,895, setting a new historical high [1] Group 2 - Zijin Mining International reported a price increase of 8.54%, with a latest price of 130.900 and a total market capitalization of 343.48 billion, reflecting an 82.85% year-to-date increase [2] - China Silver Group experienced a 7.55% rise, with a latest price of 0.570 and a total market capitalization of 14.13 billion, marking a 141.53% year-to-date increase [2] - Tongguan Gold saw a 4.80% increase, with a latest price of 2.840 and a total market capitalization of 124.89 billion, showing a remarkable 494.14% year-to-date increase [2] - China Gold International had a 3.53% rise, with a latest price of 143.700 and a total market capitalization of 569.65 billion, reflecting a 255.88% year-to-date increase [2] - Chifeng Jilong Gold Mining increased by 3.35%, with a latest price of 31.440 and a total market capitalization of 597.49 billion, showing a 132.11% year-to-date increase [2] - Lingbao Gold Company saw a 3.09% increase, with a latest price of 19.020 and a total market capitalization of 244.78 billion, reflecting a 619.60% year-to-date increase [2] - Shandong Gold experienced a 2.60% rise, with a latest price of 37.900 and a total market capitalization of 174.716 billion, marking a 210.48% year-to-date increase [2] - Zhaojin Mining Industry had a 1.41% increase, with a latest price of 31.700 and a total market capitalization of 112.294 billion, reflecting a 190.68% year-to-date increase [2] - Jinhai Resources saw a slight increase of 0.53%, with a latest price of 1.890 and a total market capitalization of 3.78 billion, marking a 127.71% year-to-date increase [2]

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9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 赤峰吉隆黃金礦業股份有限公司 呈交日期: 2025年10月1日 I. 法定/註冊股本變動 FF301 由於赤峰吉隆黃金礦業股份有限公司（「本公司」）為一家於中華人民共和國註冊成立的股份有限公司，「法定股本」之概念不適用於本公司。於第I部分所載的資料是指本公司的「註冊股本」。 第 2 頁 共 11 頁 v 1.1.1 | 1. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 600988 | 說明 | | 於上海證券交易所上市之A股 | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,663,911,378 | RMB | | 1 RMB | | 1,663,911,37 ...

Core Insights - The article highlights the top and bottom AH share premium rates as of September 30, with Northeast Electric (00042) leading at 831.03% and Ningde Times (03750) at -15.74% [1][2] Group 1: Top AH Share Premium Rates - Northeast Electric (00042) has a premium rate of 831.03% with a deviation value of 23.88% [2] - Andeli Juice (02218) follows with a premium rate of 225.72% and a deviation value of -4.44% [2] - Zhejiang Shibao (01057) ranks third with a premium rate of 224.28% and a deviation value of 19.52% [2] Group 2: Bottom AH Share Premium Rates - Ningde Times (03750) has the lowest premium rate at -15.74% with a deviation value of -2.42% [2] - Heng Rui Medicine (01276) shows a premium rate of -3.49% and a deviation value of -2.73% [2] - China Merchants Bank (03968) has a premium rate of 3.79% with a deviation value of -2.91% [2] Group 3: Top Deviation Values - Changfei Optical Fiber (06869) leads with a deviation value of 46.77% and a premium rate of 161.18% [2] - Jihong Co., Ltd. (02603) has a deviation value of 28.09% with a premium rate of 47.76% [2] - Dazhong Public Utilities (01635) ranks third with a deviation value of 24.46% and a premium rate of 128.80% [2] Group 4: Bottom Deviation Values - Longyuan Power (00916) has the lowest deviation value at -26.30% with a premium rate of 152.23% [4] - Qin Port Co., Ltd. (03369) follows with a deviation value of -25.11% and a premium rate of 44.48% [4] - Hongye Futures (03678) shows a deviation value of -20.92% with a premium rate of 215.48% [4]

Core Viewpoint - The Hong Kong gold stocks experienced significant gains in the afternoon trading session on September 29, with multiple companies showing notable increases in their stock prices [1] Company Performance - Tongguan Gold (00340.HK) saw a rise of 7.98%, reaching HKD 2.84 [1] - Zhaojin Mining (01818.HK) increased by 6.75%, trading at HKD 31.12 [1] - Zijin Mining (02899.HK) rose by 5.66%, with a price of HKD 32.1 [1] - Shandong Gold (01787.HK) experienced a gain of 4.3%, priced at HKD 37.38 [1] - Chifeng Jilong Gold (06693.HK) increased by 4.1%, reaching HKD 30.5 [1]

Core Viewpoint - The gold stocks have seen significant gains in the afternoon trading session, driven by a surge in international gold prices, which have reached historical highs [1] Group 1: Stock Performance - Tongguan Gold (00340) increased by 7.98%, trading at 2.84 HKD [1] - Zhaojin Mining (01818) rose by 6.75%, trading at 31.12 HKD [1] - Zijin Mining (601899) (02899) saw a rise of 5.66%, trading at 32.1 HKD [1] - Shandong Gold (600547) (01787) increased by 4.3%, trading at 37.38 HKD [1] - Chifeng Jilong Gold Mining (600988) (06693) rose by 4.1%, trading at 30.5 HKD [1] Group 2: Gold Price Movement - As of September 29, the spot gold price surpassed 3800 USD/ounce, marking a new historical high with an intraday increase of over 1% [1] - COMEX gold prices reached 3830 USD/ounce [1] Group 3: Market Insights - According to招商期货, the shift in Trump's stance on the Russia-Ukraine conflict and renewed tariff tensions are contributing factors that may lead to continued increases in COMEX gold prices [1] - Morgan Stanley strategists project that by mid-2026, gold prices could reach between 4050 USD and 4150 USD per ounce, indicating potential for further record highs [1]

Core Insights - International gold prices continue to reach historical highs, driving significant increases in Hong Kong-listed gold stocks [1] - Spot gold prices surpassed previous highs, reaching $3,798.54 per ounce, marking a 1% increase [1] - JPMorgan analysts predict gold prices will reach between $4,050 and $4,150 per ounce by mid-2026, indicating potential for further record highs [1] Company Performance - The following gold stocks in Hong Kong experienced notable price increases: - Tongguan Gold rose by 4.18% to HKD 2.740 [2] - Zhaojin Mining increased by 3.89% to HKD 30.480 [2] - Zijin Mining gained 3.49% to HKD 31.440 [2] - Chifeng Jilong Gold rose by 3.14% to HKD 30.220 [2] - Shandong Gold increased by 2.73% to HKD 36.820 [2] - Lingbao Gold rose by 2.63% to HKD 17.960 [2] - Everest Gold increased by 1.47% to HKD 1.380 [2] - China Gold International rose by 1.20% to HKD 134.600 [2] Market Trends - Domestic gold jewelry brands have also seen price increases, with Chow Sang Sang's gold jewelry priced at HKD 1,111 per gram, up by HKD 5 from September 26 [1] - Other brands like Chow Tai Fook and Luk Fook Jewelry maintained their gold jewelry prices at HKD 1,108 per gram [1]

Core Viewpoint - International gold prices continue to reach historical highs, driving significant increases in Hong Kong gold stocks, with forecasts suggesting further price increases in the coming years [1] Group 1: Gold Price Movement - Spot gold prices surpassed previous highs, rising by 1% to $3,798.54 per ounce, marking a new historical peak [1] - JPMorgan strategists predict that by mid-2026, gold prices could reach between $4,050 and $4,150 per ounce, indicating potential for new record highs [1] Group 2: Stock Performance - Hong Kong gold stocks experienced collective gains, with notable increases including: - Tongguan Gold up 4.18% - Zhaojin Mining up nearly 4% - Zijin Mining up 3.5% - Chifeng Jilong Gold up over 3% - Shandong Gold and Lingbao Gold both up nearly 3% - Everest Gold and China Gold International both up over 1% [1] Group 3: Domestic Jewelry Pricing - Domestic gold jewelry brands saw price increases, with specific examples including: - Chow Sang Sang's gold jewelry priced at 1,111 yuan per gram, up 5 yuan from September 26 - Other brands like Chow Tai Fook and Lao Feng Xiang maintaining prices at 1,108 yuan per gram [1]

Group 1 - The top three companies with the highest short positions as of September 19 are ZTE Corporation (00763) at 15.35%, COSCO Shipping Holdings (01919) at 14.10%, and CATL (03750) at 13.44% [1][2] - The companies with the largest absolute increase in short positions are China Education Holdings (00839) with an increase of 2.61%, Dongfang Electric (01072) with an increase of 2.06%, and Xiexin Technology (03800) also with an increase of 2.06% [1][2] - The companies with the largest absolute decrease in short positions are Hua Hong Semiconductor (01347) with a decrease of -2.52%, Chifeng Jilong Gold Mining (06693) with a decrease of -1.77%, and Laikai Pharmaceutical-B (02105) with a decrease of -1.72% [1][2] Group 2 - The latest short position data shows that ZTE Corporation maintained 116 million shares, COSCO Shipping Holdings had 406 million shares, and CATL had 20.95 million shares [2] - The companies with the largest increase in short positions include China Education Holdings, which rose from 3.73% to 6.33%, and Dongfang Electric, which rose from 7.34% to 9.40% [2] - The companies with the largest decrease in short positions include Hua Hong Semiconductor, which fell from 9.00% to 6.48%, and Chifeng Jilong Gold Mining, which fell from 3.30% to 1.53% [2][3]

1 赤峰吉隆黃金礦業股份有限公司 | 目錄 | | --- | | 公司資料 | 2 | | --- | --- | | 本報告基本資料 | 4 | | 管理層討論與分析 | 5 | | 董事及最高行政人員的權益及淡倉 | 31 | | 股本與股東情況 | 32 | | 其他事項 | 35 | | 合併財務報表 | | | 合併資產負債表 | 55 | | 合併利潤表 | 57 | | 合併現金流量表 | 59 | | 合併股東權益變動表 | 61 | | 公司資產負債表 | 63 | | 公司利潤表 | 65 | | 公司現金流量表 | 66 | | 公司股東權益變動表 | 68 | | 財務報表附註 | 69 | | 釋義 | 195 | 二零二五年中期報告 2 公司資料 執行董事 王建華先生 （董事長） 楊宜方女士 呂曉兆先生 高波先生 非執行董事 張旭東先生 獨立非執行董事 毛景文博士 沈政昌博士 胡乃連先生 黃一平博士 審計委員會 黃一平博士 （主席） 張旭東先生 胡乃連先生 提名委員會 胡乃連先生 （主席） 呂曉兆先生 沈政昌博士 黃一平博士 楊宜方女士 （於2025年6月30日獲委任） 薪酬與考 ...

Core Viewpoint - The report highlights the AH premium rates of various companies, indicating significant discrepancies between their A-shares and H-shares, with Northeast Electric (00042) leading with a premium rate of 864.29% [1] AH Premium Rate Rankings - The top three companies with the highest AH premium rates are: - Northeast Electric (00042): 864.29% - Andeli Juice (02218): 227.40% - Hongye Futures (03678): 225.67% [1] - The bottom three companies with the lowest AH premium rates are: - Ningde Times (03750): -12.07% - Heng Rui Medicine (01276): -3.97% - Zijin Mining (02899): 4.14% [1] Deviation Value Rankings - The top three companies with the highest deviation values are: - Northeast Electric (00042): 74.37% - Changfei Optical Fiber (06869): 24.77% - Zhaoyan New Drug (06127): 22.94% [1] - The bottom three companies with the lowest deviation values are: - Longpan Technology (02465): -25.07% - Qin Port Shares (03369): -19.33% - COSCO Shipping Energy (01138): -15.04% [1] Detailed AH Stock Premium and Deviation Data - The report provides detailed tables showing the premium rates and deviation values for the top and bottom AH stocks, indicating significant variations in market perception and valuation between A-shares and H-shares [1][2]