黄金、存储芯片概念活跃，乳业、白酒概念走弱。 （持续更新中……） 09:42 黄金板块走强 西部黄金涨停，湖南白银、中金黄金、招金黄金、湖南黄金、晓程科技、山金国际等跟涨。 | 代码 | 名称 | 涨幅�. | 现价 | | --- | --- | --- | --- | | 601069 | 西部黄金 | +9.99% | 21.91 | | 002716 | 湖南白银 | +7.08% | 5.91 | | 000506 | 中润资源 | +5.13% | 9.82 | | 300139 | 喫程科技 | +4.61% | 20.63 | | 002155 | 湖南黄金 | +4.31% | 21.58 | | 600489 | 中金黄金 | +4.20% | 16.66 | | 000975 | 山金国际 | +3.92% | 20.43 | | 600547 | 山东黄金 | +3.42% | 34.50 | | 002237 | 恒邦股份 | +3.33% | 13.02 | | 6009888 | 赤峰黄金 | +3.08% | 26.78 | 09:37 固态电池概念延续强势 德新科技2连板，先 ...

Core Viewpoint - 中金黄金 reported strong financial performance in the first half of 2025, with significant increases in revenue and net profit, driven by effective cost control and exploration efforts [2][3][4]. Financial Performance - The company achieved operating revenue of 35.067 billion yuan, a year-on-year increase of 22.90% [2][3]. - Net profit reached 2.695 billion yuan, reflecting a year-on-year growth of 54.64% [2][3]. - Total profit amounted to 4.081 billion yuan, up 57.32% compared to the previous year [4]. Production and Operations - In the first half of 2025, 中金黄金 produced 9.13 tons of mined gold and 19.32 tons of refined gold, with respective year-on-year changes of 2.35% and 1.47% [4]. - The company also produced 3.81 million tons of copper and 20.39 million tons of electrolytic copper, with year-on-year changes of -8.63% and 13.09% [4]. Exploration and Resource Expansion - The company invested 133 million yuan in geological exploration, completing 32,200 meters of pit exploration and 147,700 meters of drilling, resulting in an increase of 13.82 tons in gold reserves [5][6]. - 中金黄金 is actively guiding major mining enterprises in key mineralization areas to enhance resource reserves [4][5]. Cost Control and Efficiency - 中金黄金 implemented comprehensive cost control measures, achieving a cost reduction and efficiency increase of 153 million yuan in the first half of 2025 [6]. - The number of loss-making enterprises and the amount of losses decreased compared to the same period last year [6]. Investment and Innovation - The company invested 168 million yuan in research and development, receiving 16 provincial or industry awards and applying for 106 new patents [7]. - 中金黄金 completed investments of 555 million yuan in ongoing projects during the first half of 2025 [8]. Strategic Acquisitions - 中金黄金 plans to acquire shares from its controlling shareholder, 黄金集团, in four companies to enhance its gold business and resolve competition issues [9]. - The acquired companies include 内蒙古金陶, 河北大白阳, 辽宁天利, and 辽宁金凤, which collectively reported significant production and revenue figures in 2024 [9][10].

Core Viewpoint - The performance of gold mining companies in the A-share and Hong Kong markets has significantly improved in the first half of 2025 due to high gold prices, while gold jewelry companies have shown mixed results, with some thriving and others struggling under the pressure of rising costs [1]. Group 1: Gold Mining Companies Performance - Gold mining companies have generally reported substantial revenue and profit growth in the first half of 2025. For instance, Shandong Gold achieved a revenue of 56.766 billion yuan, an increase of 24.01%, and a net profit of 2.808 billion yuan, up 102.98% [3]. - Another leading company, Zhongjin Gold, reported a revenue of 35.067 billion yuan, a year-on-year growth of 22.9%, and a net profit of 2.695 billion yuan, up 54.64% [3]. - Hunan Gold's revenue reached 28.436 billion yuan, reflecting an increase of 87.89%, with a net profit of 655 million yuan, up 49.66% [4]. - Other gold mining companies such as Shanjin International, Chifeng Gold, and Xibu Gold also reported year-on-year growth in revenue and profits [5]. Group 2: Gold Jewelry Companies Performance - Gold jewelry companies have experienced varied performance due to rising gold prices impacting their costs. For example, leading jewelry company Lao Feng Xiang reported a revenue of 33.356 billion yuan, a decrease of 16.52%, and a net profit of 1.220 billion yuan, down 13.07% [7]. - Another company, Zhou Dazheng, saw its revenue drop to 4.597 billion yuan, a decline of 43.92%, while its net profit fell by 1.27% to 594 million yuan [8]. - Conversely, Lao Pu Gold reported a remarkable revenue of approximately 12.354 billion yuan, a growth rate of about 251.0%, with same-store sales growth of 200.8% compared to the previous year [9]. - Chao Hong Ji also showed positive results, with a revenue of 4.102 billion yuan, up 19.54%, and a net profit of 331 million yuan, an increase of 44.34% [10].

Core Insights - The company Zhongjin Gold (600489) reported a significant increase in revenue and net profit for the first half of 2025, with total revenue reaching 35.067 billion yuan, up 22.9% year-on-year, and net profit attributable to shareholders at 2.695 billion yuan, up 54.64% [1] Financial Performance - Total revenue for Q2 2025 was 20.208 billion yuan, reflecting a year-on-year increase of 31.49% - Net profit for Q2 2025 was 1.656 billion yuan, showing a substantial year-on-year increase of 72.57% - Gross margin improved to 18.63%, up 12.71% year-on-year, while net margin increased to 9.66%, up 29.37% year-on-year [1] - The total of selling, administrative, and financial expenses was 1.159 billion yuan, accounting for 3.31% of revenue, a decrease of 16.34% year-on-year [1] - Earnings per share (EPS) rose to 0.56 yuan, an increase of 55.56% year-on-year, while operating cash flow per share improved to 0.02 yuan, up 117.82% year-on-year [1] Balance Sheet Highlights - Cash and cash equivalents increased to 10.646 billion yuan, up 20.41% year-on-year - Accounts receivable surged to 922 million yuan, a dramatic increase of 239.88% year-on-year - Interest-bearing debt rose to 18.594 billion yuan, a 5.48% increase year-on-year [1] Investment Sentiment - Analysts expect the company's performance for 2025 to reach 5.417 billion yuan, with an average EPS forecast of 1.12 yuan [3] - The company is held by two prominent fund managers, with recent increases in their positions, indicating positive sentiment towards the stock [3] Fund Holdings - Notable funds holding Zhongjin Gold include: - China Europe Dividend Advantage Mixed A: 28.455 million shares, newly entered the top ten - Yongying CSI Hong Kong and Shanghai Gold Industry Stock ETF: 26.266 million shares, increased holdings - Dachen New Industry Mixed A: 23.849 million shares, increased holdings [4]

证券代码：600489 证券简称：中金黄金 公告编号：2025-029 中金黄金股份有限公司 第八届董事会第四次会议决议公告 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、准确性和完整性承担法律责任。 一、董事会会议召开情况 中金黄金股份有限公司（以下简称公司）第八届董事会第四次会议通知于 开。会议应参会董事9人，实际参会董事9人。会议的召开符合有关法律、行政法 规、部门规章、规范性文件及《公司章程》的规定。 二、董事会会议审议情况 经会议有效审议表决形成决议如下： （一）通过了《公司 2025 年半年度报告》及其摘要。表决结果：赞成 9 票， 反对 0 票，弃权 0 票，通过率 100%。 该项议案已经董事会审计委员会审议通过。 （二）通过了《关于中国黄金集团财务有限公司的风险持续评估报告》。表 决结果：赞成 6 票，反对 0 票，弃权 0 票，通过率 100%。关联董事周洲、韦华 南、刘子龙回避了对该事项的表决。 该项议案已经独立董事专门会议审议通过。 特此公告。 中金黄金股份有限公司董事会 ...

Core Viewpoint - The report highlights significant growth in revenue and profit for Zhongjin Gold Corporation in the first half of 2025, driven by favorable market conditions and effective operational management [2][6]. Financial Performance - The company's operating income reached CNY 35.07 billion, a 22.90% increase compared to the same period last year [2]. - Total profit amounted to CNY 4.08 billion, reflecting a 57.32% year-on-year growth [2]. - Net profit attributable to shareholders was CNY 2.69 billion, up 54.64% from the previous year [2]. - The net cash flow from operating activities was CNY 102.36 million, a significant recovery from a negative cash flow of CNY 574.33 million in the previous year [2]. Key Financial Indicators - Basic earnings per share increased to CNY 0.56, a 55.56% rise compared to CNY 0.36 in the same period last year [2]. - The return on equity rose by 2.84 percentage points to 9.36% [6]. - Total assets grew by 10.68% to CNY 61.58 billion, while net assets increased by 3.23% to CNY 28.28 billion [2]. Industry Overview - In the first half of 2025, domestic gold production was 179.08 tons, a slight decrease of 0.31% year-on-year, while total gold production, including imports, reached 252.76 tons, a 0.44% increase [3]. - The average price of gold in the Shanghai Gold Exchange rose by 41.07% year-on-year, reaching CNY 725.28 per gram [3]. - The gold ETF holdings increased significantly, with a year-on-year growth of 173.73% to 199.51 tons by the end of June [3]. Operational Highlights - The company focused on cost control and efficiency improvements, achieving a cost reduction of CNY 152.9 million during the reporting period [8]. - Investment in geological exploration totaled CNY 133.38 million, resulting in a significant increase in gold reserves [7]. - The company maintained a strong commitment to safety and environmental management, with investments of CNY 179.54 million in safety and CNY 97.14 million in environmental protection [9]. Strategic Initiatives - The company is enhancing its resource acquisition strategy, focusing on high-quality resource integration and exploration [11]. - Continuous investment in technology and innovation is being prioritized, with CNY 1.68 billion allocated for research and development [8]. - The company aims to strengthen its market position through effective governance and investor relations initiatives [9].

中金黄金股份有限公司2025 年半年度报告摘要 公司代码：600489 公司简称：中金黄金 中金黄金股份有限公司 中金黄金股份有限公司2025 年半年度报告摘要 第一节 重要提示 展规划，投资者应当到 www.sse.com.cn 网站仔细阅读半年度报告全文。 完整性，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。 无 第二节 公司基本情况 公司股票简况 股票种类 股票上市交易所 股票简称 股票代码 变更前股票简称 A股 上海证券交易所 中金黄金 600489 不适用 联系人和联系方式 董事会秘书 证券事务代表 姓名 应雯 电话 010-56353909 办公地址 北京市东城区安定门外大街9号 电子信箱 zjhj@chinagoldgroup.com 单位：元 币种：人民币 本报告期末比上 本报告期末 上年度末 年度末增减(%) 总资产 61,582,073,854.31 55,638,663,702.80 10.68 归属于上市公司股东的净资产 28,277,543,501.18 27,392,842,641.10 3.23 本报告期比上年 本报告期 上年同期 同期增减(%) 营业收入 ...

Core Viewpoint - The report evaluates the financial and operational status of China Gold Group Finance Co., Ltd., highlighting its compliance with regulatory requirements and effective risk management practices [1][6]. Group 1: Company Overview - China Gold Group Finance Co., Ltd. is a non-banking financial institution approved by the China Banking and Insurance Regulatory Commission, with a shareholding structure of 60% by China Gold Group Co., Ltd. and 40% by Zhongjin Gold Co., Ltd. [1][2] - The company has a registered capital of 2 billion yuan and operates various financial services, including financial consulting, credit verification, and internal transfer settlements [1][2]. Group 2: Internal Control and Risk Management - The company has established a governance structure that includes a shareholders' meeting, board of directors, supervisory board, and senior management, ensuring checks and balances in decision-making [1][3]. - Risk management is organized by the risk management department, which identifies and assesses various risks, including operational, liquidity, credit, market, and compliance risks [1][3][4]. Group 3: Financial Performance - As of June 30, 2025, the total assets of the company amounted to 27.69 billion yuan, with total liabilities of 25.34 billion yuan and owners' equity of 2.35 billion yuan [5]. - For the first half of 2025, the company reported operating income of 219.72 million yuan and a net profit of 59.01 million yuan, showing an increase compared to the same period in 2024 [5][6]. Group 4: Regulatory Compliance - The company meets all regulatory indicators as per the Enterprise Group Financial Company Management Measures, ensuring compliance with the requirements set by the regulatory authorities [5][6]. - The company has not identified any significant deficiencies in its risk management or financial reporting processes [6].

Investment Rating - The report maintains a standard rating for the non-ferrous metals industry, indicating a positive outlook for investment in this sector [1]. Core Insights - The non-ferrous metals industry has seen a significant increase in performance, with an overall rise of 8.37% in the last two weeks, outperforming the CSI 300 index by 1.41 percentage points, ranking 5th among 31 industries [2][11]. - The small metals and new materials sectors have shown particularly strong performance, with increases of 21.87% and 13.84% respectively in the same period [2][16]. - The report highlights the positive impact of government policies on the rare earth sector, leading to a rapid price recovery for rare earth products [4][72]. Industry Analysis Market Performance - As of August 28, 2025, the non-ferrous metals industry has increased by 16.08% this month and 44.99% year-to-date, ranking 5th and 2nd respectively among 31 industries [11][12]. - The small metals sector has surged by 77.45% year-to-date, while the new materials sector has risen by 55.77% [16]. Price Trends - As of August 28, 2025, key prices include: - LME copper at $9,839.50 per ton - LME aluminum at $2,607 per ton - LME lead at $1,988 per ton - LME zinc at $2,787 per ton - LME nickel at $15,300 per ton - LME tin at $34,825 per ton [22]. - The rare earth price index reached 226.27, up 21.16 from early August, with specific prices for praseodymium-neodymium oxide averaging 604 yuan per kilogram [41][72]. Company Performance - Notable companies in the sector include: - China Rare Earth (000831) and Kingstone Permanent Magnet (300748), which are recommended for attention due to their strong market positions [73]. - In the last two weeks, the top-performing stocks include Zhangyuan Tungsten (57.70%), Kingstone Permanent Magnet (54.48%), and Northern Rare Earth (46.39%) [18][20]. - Year-to-date, the top gainers are Copper Crown Copper Foil (217.60%), Zhongzhou Special Materials (211.00%), and Northern Rare Earth (165.00%) [20].

证券之星消息，8月29日贵金属板块较上一交易日上涨2.41%，中金黄金领涨。当日上证指数报收于3857.93，上涨0.37%。深证成指报收于 12696.15，上涨0.99%。贵金属板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交重(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600489 | 中金黄金 | 15.97 | 4.58% | 181.80万 | 28.88亿 | | 601069 | 西部黄金 | 19.92 | 4.46% | 37.54万 | 7.37亿 | | 600988 | 赤峰黄金 | 25.97 | 3.55% | 95.49万 | 24.65亿 | | 000975 | 山金国际 | 19.63 | 3.32% | - 50.48万 | 9.90亿 | | 002237 | 恒邦股份 | 12.60 | 1.37% | 25.36万 | 3.20 Z | | 300139 | 晓程科技 | 19.73 | 1.28% | 38.55万 | 7.60亿 | | 600547 | 山东黄金 | ...