Core Viewpoint - 中金黄金 reported a positive financial performance for Q3 2025, with significant year-on-year growth in both revenue and net profit, attributed to favorable product price increases and effective operational management [1] Financial Performance Summary - Q3 2025 revenue reached 18.909 billion, marking a year-on-year increase of 7.97% [1] - Q3 2025 net profit was 0.984 billion, reflecting a year-on-year growth of 9.28% [1] - For the first three quarters of 2025, total revenue amounted to 53.976 billion, up 17.23% compared to the same period last year [1] - Net profit for the first three quarters of 2025 was 3.679 billion, showing a substantial year-on-year increase of 39.18% [1]

格隆汇10月29日丨中金黄金(600489.SH)发布2025年第三季度报告，第三季度实现营业收入189.09亿元， 同比增长7.97%；归属于上市公司股东的净利润为9.84亿元，同比增长9.28%。前三季度实现营业收入 539.76亿元，同比增长17.23%；归属于上市公司股东的净利润为36.79亿元，同比增长39.18%。公司抓 住产品价格上涨有利时机，科学组织经营，公司业绩增加。 财经频道更多独家策划、专家专栏，免费查阅>>责任编辑：山上 ...

Core Insights - The company reported a revenue of 18.909 billion yuan for Q3 2025, representing a year-on-year increase of 7.97% [1] - The net profit attributable to shareholders for Q3 2025 was 984 million yuan, showing a year-on-year growth of 9.28% [1] - For the first three quarters of 2025, the company achieved a total revenue of 53.976 billion yuan, which is a 17.23% increase compared to the same period last year [1] - The net profit attributable to shareholders for the first three quarters was 3.679 billion yuan, reflecting a significant year-on-year increase of 39.18% [1] - The company capitalized on favorable product price increases and organized its operations scientifically, leading to improved performance [1]

Core Insights - Zhongjin Gold reported a significant increase in revenue and profit for the first three quarters of 2025, with operating income reaching 53.976 billion yuan, a year-on-year growth of 17.23%, and net profit attributable to shareholders at 3.679 billion yuan, up 39.18% [1][2] - The company produced 13.75 tons of gold, 27.87 tons of refined gold, 50,000 tons of copper ore, and 304,300 tons of electrolytic copper during the same period, indicating strong operational performance [2] Financial Performance - The basic earnings per share for Zhongjin Gold was 0.76 yuan, reflecting a year-on-year increase of 38.18% [1] - The weighted average return on equity reached 12.86%, an increase of 2.93 percentage points compared to the previous year [1] - Total assets amounted to 63.459 billion yuan, a growth of approximately 14.06% from the end of the previous year, while equity attributable to shareholders rose to 29.196 billion yuan, up about 6.58% [1] Market Context - The global non-ferrous metals market has maintained a high level of activity, with gold prices surpassing 4,000 USD per ounce for the first time on October 8, 2025, marking a historical high [2] - The outlook for the fourth quarter suggests that global economic recovery and monetary policy shifts in major economies may continue to support metal prices, particularly for gold and copper [2] - The anticipated easing of the Federal Reserve's monetary policy is expected to improve liquidity, boosting demand for gold and copper, alongside a recovery in domestic manufacturing and fixed asset investment [2]

Major Events - Shanghai Zhiyuan Hengyue Technology completed the tender offer for Shangwei New Materials, acquiring 58.6232% of the shares, with trading resuming on October 30, 2025 [4] - Peking University Pharmaceutical's chairman and president Xu Xiren has been detained for criminal investigation, but the company's control and operations remain normal [5] - China Unicom's chairman Chen Zhongyue resigned due to work adjustments, effective October 29, 2025 [6][7] - CITIC Financial Assets increased its stake in Hangyang Co., Ltd. to 5% through a block trade, reflecting confidence in the company's future [8] - Haoshi Electromechanical's subsidiary plans to invest 232 million yuan in a high-end equipment intelligent manufacturing project [9] - Zhejiang Xiantong's second shareholder Li Qifu plans to invest 130 million yuan in Qiteng Robotics to enhance production capacity [10] - Qianjiang Biochemical's subsidiary has completed a project for bio-pesticide production, with an annual capacity of 3,261 tons [11] - Dongni Electronics will face risk warnings and a one-day suspension due to an administrative penalty [12] - Jindao Technology signed a strategic cooperation agreement with Hangcha Group to develop robotic joint modules [14] Performance Overview - Kweichow Moutai reported Q3 net profit of 19.224 billion yuan, a 0.48% increase year-on-year, with total revenue of 39.064 billion yuan [15] - Huibai New Materials achieved a Q3 net profit of 27.1307 million yuan, a 3066.26% increase year-on-year, with revenue growth of 49.59% [16] - Zangzi Island reported a Q3 net loss of 42.5226 million yuan, with revenue down 19.92% [17] - OFILM reported a Q3 net profit of 40.8235 million yuan, a 411.91% increase year-on-year, with revenue growth of 21.15% [18] - China Rare Earth's Q3 net profit was 30.4752 million yuan, down 26.43% year-on-year, with revenue declining 22.4% [19] - Tianqi Lithium reported a Q3 net profit of 95.4855 million yuan, turning a profit after previous losses [20] - New Yisheng's Q3 net profit was 2.385 billion yuan, a 205.38% increase year-on-year, driven by AI-related sales growth [21] - Industrial Fulian's Q3 net profit increased by 49% year-on-year [22] - CICC's Q3 net profit grew by 130% year-on-year [23] - Tianpu Co., Ltd. reported a Q3 net profit increase of 33% [24] - BlueFocus reported a Q3 net profit of 99.2389 million yuan, a 265.47% increase year-on-year [25] - Ningshui Group's Q3 net profit was 21.7388 million yuan, a 347.57% increase year-on-year [26] - Shoukai Co. reported a Q3 net loss of 3.105 billion yuan [27] - Xiamen Xiangyu's Q3 net profit was 601 million yuan, a 443.17% increase year-on-year [29] - Huaneng Intelligent reported a Q3 net loss of 53.8408 million yuan, a significant decline [30] - Zhongjin Gold's Q3 net profit increased by 39.18% year-on-year [31] - Shandong Gold's Q3 net profit increased by 92% year-on-year [32] - Yahua Group's Q3 net profit was 198 million yuan, a 278.06% increase year-on-year [33] - Western Gold's Q3 net profit increased by 168% year-on-year [34] - Laobai Gan Liquor reported a 28% decline in net profit for the first three quarters [35] - Kaiying Network's Q3 net profit was 633 million yuan, a 34.51% increase year-on-year [36] - Tongchen Beijian reported a Q3 net profit of 171 million yuan, turning a profit from previous losses [37] - Nanshan Holdings' Q3 net profit increased by 203.51% year-on-year [38] - China Merchants Bank's Q3 net profit was 38.842 billion yuan, a 1.04% increase year-on-year [39] - Huahong Technology's Q3 net profit increased by 7111% year-on-year [40] - Fangda Special Steel's Q3 net profit increased by 1368.1% year-on-year [41] Shareholding Changes - WuXi AppTec's controlling shareholder plans to reduce its stake by up to 2% [43] - Hecai Technology's major shareholder Bosch China plans to reduce its stake by up to 3% [44] Major Contracts - China Electric Power Construction signed a contract worth 6.568 billion yuan for a hospital project in Peru [45] - Lanshi Heavy Industry signed a significant contract in the nuclear energy sector worth 581 million yuan [46] - Guoke Military Industry's subsidiary signed a major sales contract worth 466 million yuan [48]

Group 1 - The recent fluctuations in international gold prices have been significant, with prices experiencing a notable drop after a period of continuous increase [2][3] - Since 2025, both international and domestic gold prices have been on the rise, with international spot gold prices nearing $4,400 per ounce and domestic prices surpassing 900 yuan per gram [3] - The increase in gold prices is attributed to multiple macroeconomic factors, including a surge in global gold investment, significant purchases by central banks in emerging economies, geopolitical tensions, and ongoing inflationary pressures [3] Group 2 - China National Gold Group reported a 7.97% year-on-year increase in Q3 revenue, reaching 18.909 billion yuan, with net profit rising by 9.28% to 984 million yuan [5] - Shandong Gold reported a 27.25% increase in Q3 revenue to 27.017 billion yuan, with net profit soaring by 68.24% to 1.148 billion yuan, driven by optimized production and increased sales [5] - Western Gold reported a remarkable 159.73% increase in Q3 revenue to 5.374 billion yuan, with net profit up 205.56% to 170 million yuan, attributed to higher sales volumes and prices of gold products [6]

Core Viewpoint - The report indicates that Zhongjin Gold has shown significant growth in revenue and profit for the first three quarters of 2025, driven by favorable market conditions and effective operational management [1][2]. Financial Performance - Zhongjin Gold achieved operating revenue of 53.976 billion yuan, a year-on-year increase of 17.23% [1] - The net profit attributable to shareholders reached 3.679 billion yuan, up 39.18% year-on-year [1] - The net profit after deducting non-recurring gains and losses was 4.214 billion yuan, reflecting a 60.92% increase [1] - Basic earnings per share were 0.76 yuan, an increase of 38.18% [1] - The weighted average return on equity was 12.86%, up 2.93 percentage points year-on-year [1] - Total assets amounted to 63.459 billion yuan, a growth of approximately 14.06% compared to the end of the previous year [1] - Shareholders' equity was 29.196 billion yuan, an increase of about 6.58% from the previous year [1] Production and Market Conditions - In the first three quarters, Zhongjin Gold produced 13.75 tons of mined gold, 27.87 tons of refined gold, 50,000 tons of mined copper, and 304,300 tons of electrolytic copper [2] - The company attributed its performance growth to capitalizing on rising product prices and effective operational organization [2] Industry Outlook - The global non-ferrous metals market remains robust, with gold prices surpassing 4,000 USD per ounce, marking a historical high [2] - The economic recovery and monetary policy shifts in major economies are expected to support metal prices [2] - The anticipated easing of the Federal Reserve's interest rates is likely to enhance liquidity, boosting demand for gold and copper [2] - Increased recovery momentum in domestic manufacturing and sustained growth in fixed asset investment are expected to further drive non-ferrous metal consumption [2] - Zhongjin Gold is positioned to leverage its operational strengths to continue releasing performance potential amid favorable industry conditions [2]

以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 中金黄金(600489.SH)发布2025年第三季度报告，第三季度实现营业收入189.09亿元，同比增长7.97%；归属于上市公司股东的净利润为9.84亿元， 同比增长9.28%。前三季度实现营业收入539.76亿元，同比增长17.23%；归属于上市公司股东的净利润为36.79亿元，同比增长39.18%。公司抓住 产品价格上涨有利时机，科学组织经营，公司业绩增加。 ...

公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 中金黄金股份有限公司 2025 年第三季度报告 证券代码：600489 证券简称：中金黄金 中金黄金股份有限公司 2025 年第三季度报告 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、准确性和完整性承担法律责任。 重要内容提示： 一、主要财务数据 （一） 主要会计数据和财务指标 单位：元 币种：人民币 | | | 本报告期 | | 年初至报告期 | | --- | --- | --- | --- | --- | | 项目 | 本报告期 | 比上年同 | 年初至报告期末 | 末比上年同期 | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 18,908,641,944.61 | 7.97 | 53, ...

Core Insights - The company reported a revenue of 18.909 billion yuan for the third quarter of 2025, representing a year-on-year growth of 7.97% [1] - The net profit attributable to shareholders for the third quarter was 984 million yuan, showing a year-on-year increase of 9.28% [1] - For the first three quarters of 2025, the company achieved a total revenue of 53.976 billion yuan, which is a year-on-year growth of 17.23% [1] - The net profit attributable to shareholders for the first three quarters was 3.679 billion yuan, reflecting a significant year-on-year increase of 39.18% [1]