山东黄金矿业股份有限公司 2024 年第六次临时股东大会 会议资料 二○二四年十一月二十一日 | 1.股东大会须知 3 | | --- | | 2.股东大会议程 5 | | 3.关于为卡蒂诺纳穆蒂尼矿业有限公司融资提供担保的议案 6 | 4、其他重要事由。 股东大会须知 一、根据公司《股东大会议事规则》第二十九条规定，个人股东亲自出席会 议的，应出示本人身份证或其他能够表明其身份的有效证件或证明、股票账户卡； 委托代理他人出席会议的，应出示本人有效身份证件、股东授权委托书。法人股 东应由法定代表人或者法定代表人委托的代理人出席会议。法定代表人出席会议 的，应出示本人身份证、能证明其具有法定代表人资格的有效证明、法人股东股 票账户卡；委托代理人出席会议的，代理人应出示本人身份证、法人股东单位的 法定代表人依法出具的书面授权委托书、委托单位股票账户卡。 二、根据公司《股东大会议事规则》第三十六条规定，召集人和律师应当依 据证券登记结算机构提供的股东名册共同对股东资格的合法性进行验证，并登记 股东姓名或名称及其所持有表决权的股份数。在会议主持人宣布现场出席会议的 股东和代理人人数及所持有表决权的股份总数之前，会议登 ...

证券代码：600547 证券简称：山东黄金 公告编号：临 2024-091 山东黄金矿业股份有限公司 关于召开 2024 年第六次临时股东大会的通知 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 (四) 现场会议召开的日期、时间和地点 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2024 年 11 月 21 日 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、 召开会议的基本情况 (一) 股东大会类型和届次 2024 年第六次临时股东大会 召开的日期时间：2024 年 11 月 21 日 10:00 召开地点：山东省济南市历城区经十路 2503 号公司会议室 (五) 网络投票的系统、起止日期和投票时间。 股东大会召开日期：2024年11月21日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 至 2024 年 11 月 21 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间 ...

Group 1: Production and Mining Operations - The Jiao Jia Gold Mine has achieved a mining license for 6.6 million tons per year and is advancing the construction of a world-class gold production base, with production expected to gradually recover and significantly increase in the long term [2] - The company dynamically adjusts production tasks based on gold price fluctuations to optimize production organization and ensure efficient resource utilization [3] - There is a temporary mismatch between gold production and sales, but overall, they maintain alignment over the fiscal year [3][4] Group 2: Cost Management - The company's gold production costs have risen due to increased raw material and labor costs, as well as changes in ore grades and mining depths [4] - In 2024, the company has proactively invested in optimizing production processes and enhancing automation, which has contributed to the increase in costs [4] - The company aims to keep costs stable while improving efficiency and profitability [5] Group 3: Project Development and Future Plans - The Katino project is progressing as planned, with an expected annual gold output of 8-9 tons [5] - The company emphasizes shareholder returns, maintaining annual cash dividends since its listing, with a semi-annual dividend planned for 2024 [5]

Investment Rating - The investment rating for the company is "Outperform the Market" [6][13][15] Core Views - The company reported stable performance in Q3, with revenue of 67.001 billion yuan, a year-on-year increase of 62.15%, and a net profit attributable to shareholders of 2.066 billion yuan, up 53.57% year-on-year. The Q3 revenue was 21.232 billion yuan, down 20.82% quarter-on-quarter, and the net profit was 0.682 billion yuan, down 0.18% quarter-on-quarter [1][7] - The company's mineral gold production increased significantly, reaching 35.44 tons in the first three quarters, a year-on-year increase of 19.58%. The production for Q1, Q2, and Q3 was 11.91, 12.61, and 10.92 tons respectively, with Q3 showing a decrease of 13.40% quarter-on-quarter. The gold production target for 2024 is set at no less than 47 tons, with the first three quarters achieving 75.40% of the annual target [1][8] - The company has made significant progress in acquiring mining rights and integrating resources, which has greatly enhanced its gold resource reserves. This includes the acquisition of the exploration rights for the Xiling Gold Mine and the integration of the San Mountain Island Gold Mine mining rights, as well as the acquisition of a 70% stake in Baotou Changtai Mining [2][3][8] Summary by Sections Financial Performance - For the first three quarters of the year, the company achieved a net profit of 2.066 billion yuan, a year-on-year increase of 53.57%. The operating cash flow for the period was 10.194 billion yuan, up 113.80% year-on-year [1][7] - The company’s revenue for 2024-2026 is projected to be 91.8 billion, 100.5 billion, and 104.9 billion yuan respectively, with year-on-year growth rates of 54.9%, 9.4%, and 4.4% [4][13] Production and Expansion Plans - The company plans to accelerate the construction of a world-class gold resource industrial base, focusing on various key projects to enhance production capacity. This includes the San Mountain Island and Jiao Jia Gold Mines [3][8] - The company aims to restore production at the Linglong Gold Mine and expand production at the Jiao Jia Gold Mine, with successful integration of mining rights and completion of necessary permits [2][3][8] Market Outlook - The company is positioned as an industry leader, focusing on its core gold business, with multiple expansion projects underway that are expected to significantly increase gold production in the coming years [4][13]

有色金属/贵金属 公 司 研 究 金价上行驱动业绩，看好 Q4 单季度净利润释放 山东黄金（600547.SH） 2024 年 10 月 30 日 ——公司信息更新报告 投资评级：买入（维持） | --- | --- | |---------------------------|---------------------------| | | | | 李怡然（分析师） | 陈权（联系人） | | liyiran@kysec.cn | chenquan@kysec.cn | | 证书编号： S0790523050002 | 证书编号： S0790123100016 | 金价上行打开业绩增长空间，看好 Q4 单季度净利润释放 2024Q1-3 公司实现营收 670.06 亿元，同比+62.15%；实现归母净利润 20.66 亿元， 同比+53.57%。销售/管理/研发/财务费用营收占比分别为 0.18%、2.89%、0.72%、 2.30%，分别同比-0.04pct、-1.45pct、-0.05pct、-0.40pct，我们看好金价上行，但 是公司或存在部分矿产金库存未销，同时考虑到公司焦家、三山岛等矿山产能扩 ...

Investment Rating - The report maintains a "Recommended" rating for Shandong Gold (600547.SH) [3] Core Views - The company reported a revenue of 67.006 billion yuan for the first three quarters of 2024, a year-on-year increase of 62.15%, and a net profit attributable to shareholders of 2.066 billion yuan, up 53.57% year-on-year [1] - The third quarter saw a revenue of 21.232 billion yuan, a year-on-year increase of 52.77%, but a quarter-on-quarter decline of 20.82% [1] - The decline in production volume impacted the third quarter's performance, with gold production for the first three quarters at 35.44 tons, and a third-quarter production of 10.92 tons, down 13.43% quarter-on-quarter [1] - The average gold price for the first three quarters of 2024 was 2,290 USD/ounce, up 18.58% year-on-year, with the third quarter's average price at 2,473 USD/ounce, an increase of 28.39% year-on-year and 5.76% quarter-on-quarter [1] - The company achieved a gross profit margin of 14.88% for the first three quarters, a slight decrease of 0.27 percentage points year-on-year, while the net profit margin increased by 0.93 percentage points to 4.94% [1] Financial Forecasts - The forecast for net profit attributable to shareholders for 2024-2026 is 3.103 billion, 3.718 billion, and 5.480 billion yuan respectively, with corresponding PE ratios of 39, 33, and 22 times based on the closing price on October 28 [2][5] - Revenue projections for 2024-2026 are 93.564 billion, 96.310 billion, and 102.592 billion yuan, with growth rates of 57.8%, 2.9%, and 6.5% respectively [2][5] - The net profit growth rates for the same period are projected at 33.3%, 19.8%, and 47.4% respectively [2][5] Operational Developments - The company completed exploration work of 330,000 meters in the first half of 2024, resulting in an additional gold metal amount of 21.9 tons [1] - Acquisitions include a 70% stake in Baotou Changtai Mining and the completion of mining rights integration for Xiling Gold Mine and Sanshan Island Gold Mine [1] - Ongoing projects include the normal production status of Linglong Gold Mine and the successful acquisition of a mining license for 660,000 tons/year at Jiao Jia Gold Mine [1]

Investment Rating - The report maintains a "Buy" rating for the company [5] Core Views - The company reported a revenue of 67.006 billion yuan for the first three quarters of 2024, representing a year-on-year increase of 62.15%. The net profit attributable to shareholders was 2.066 billion yuan, up 53.57% year-on-year [2] - The increase in gold prices has driven performance, with a gross margin improvement. The company's gold production reached 35.44 tons in the first three quarters, a significant increase of 19.3% year-on-year, achieving 75.4% of the annual production target [3] - The company is making progress with the Linglong Gold Mine, which is preparing for trial production, expected to contribute to increased gold production [3] - Ongoing mergers and acquisitions, including the acquisition of Osino Resources Corp., are expected to enhance gold resources and production capacity [4] Summary by Sections Financial Performance - For Q3 2024, the company achieved a net profit of 0.682 billion yuan, a slight decrease of 0.18% quarter-on-quarter but an increase of 46.62% year-on-year. The average gold price in Q3 was 569 yuan per gram, up 3% quarter-on-quarter [2][3] - The company forecasts revenues of 80.16 billion yuan, 96.22 billion yuan, and 101.28 billion yuan for 2024, 2025, and 2026 respectively, with net profits of 3.322 billion yuan, 7.027 billion yuan, and 7.578 billion yuan for the same years [5] Production and Operations - The company’s gold production in Q3 was 10.92 tons, slightly down from the previous quarter due to construction impacts at the Jiao Family Gold Mine. The company is enhancing operational efficiency and stabilizing production costs [3] - The acquisition of various mining rights and the integration of resources are ongoing, with significant potential for production increases in the future [4] Market Outlook - The report indicates a positive outlook for the company, driven by rising gold prices and successful project developments, suggesting that performance growth is likely to continue [3][4]

证券代码：600547 证券简称：山东黄金 编号：临 2024-087 山东黄金矿业股份有限公司 第六届监事会第四十次会议决议公告 会议以记名投票表决方式，审议通过了《公司2024年第三季度报告》 表决结果：同意3票；反对0票；弃权0票。 本公司监事会及全体监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。 一、监事会会议召开情况 二、监事会会议审议情况 根据《公司法》和《公司章程》的相关规定，监事会对公司编制的2024年第 三季度报告提出如下审核意见： 1、2024年第三季度报告的编制和审议程序符合法律法规、《公司章程》和 公司内部管理制度的各项规定； 2、2024年第三季度报告的内容和格式符合中国证券监督管理委员会和上海 证券交易所的各项规定，所包含的信息能从各个方面真实地反映公司2024年前三 季度的经营管理和财务状况等事项； 3、在提出本意见前，没有发现参与2024年第三季度报告编制和审议的人员 存在违反信息披露相关规定的行为； 4、监事会保证公司2024年第三季度报告的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 ...

证券代码：600547 证券简称：山东黄金 编号：临 2024-086 山东黄金矿业股份有限公司 第六届董事会第六十七次会议决议公告 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、准确性和完整性依法承担法律责任。 一、董事会会议召开情况 山东黄金矿业股份有限公司（以下简称"公司"）第六届董事会第六十七次 会议于2024年10月28日以现场和通讯相结合的方式召开。本次会议应参会董事8 人，实际参会董事8人。会议的召开符合《公司法》《公司章程》《上海证券交 易所股票上市规则》《香港联合交易所有限公司证券上市规则》、香港《公司条 例》等监管规定，会议合法有效。 二、董事会会议审议情况 会议以记名投票表决方式，形成如下决议： （一）审议通过了《公司2024年第三季度报告》 董事、高管人员对公司2024年第三季度报告签署了书面确认意见。2024年第 三季度报告详见上海证券交易所网站（http://www.sse.com.cn）。 本议案提交董事会审议前，已经公司董事会审计委员会审议通过。 表决结果：同意8票，反对0票，弃权0票。 （三）审议通过了《关于为香港全资子 ...

Financial Performance - The company's operating revenue for Q3 2024 reached ¥21,232,148,165.44, representing a 52.77% increase compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥682,349,948.18, a 46.62% increase year-over-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥679,862,445.98, reflecting a 70.69% increase compared to the same period last year[2]. - Basic and diluted earnings per share for Q3 2024 were both ¥0.13, up 62.50% from the previous year[3]. - The total net profit attributable to shareholders for the year-to-date period was ¥2,065,816,231.17, a 53.57% increase year-over-year[2]. - The total comprehensive income for the third quarter of 2024 reached CNY 3,251,904,772.07, compared to CNY 1,659,782,320.77 in the same period of 2023, indicating a significant increase[25]. - Net profit for the first three quarters of 2024 was CNY 3,308,764,293.77, up from CNY 1,658,400,726.28 in 2023, reflecting a growth of approximately 99.4%[23]. - Basic and diluted earnings per share for the third quarter of 2024 were both CNY 0.39, up from CNY 0.23 in the previous year, reflecting a growth of 69.57%[25]. Assets and Liabilities - The total assets of the company at the end of Q3 2024 amounted to ¥157,861,694,708.53, an increase of 17.28% from the end of the previous year[3]. - The company's total assets increased to CNY 157,861,694,708.53 in Q3 2024, compared to CNY 134,599,262,003.25 in Q3 2023, marking a growth of about 17.3%[20]. - The total liabilities as of Q3 2024 were CNY 102,771,885,562.17, up from CNY 81,339,858,283.85 in Q3 2023, representing an increase of approximately 26.4%[20]. - The company's total liabilities include a significant increase in trade financial liabilities, which reached 77.51 million CNY due to increased gold leasing financing[7]. - The total equity attributable to shareholders increased to CNY 34,394,134,681.59 in Q3 2024, up from CNY 33,084,950,645.55 in Q3 2023, reflecting a growth of approximately 3.97%[20]. Cash Flow - The cash generated from operating activities for the year-to-date period reached ¥10,194,402,688.23, showing a significant increase of 113.80% compared to the previous year[2]. - The net cash flow from operating activities was CNY 10,194,402,688.23, compared to CNY 4,768,203,682.71 in the same period last year, marking a 113.06% increase[26]. - Cash inflows from operating activities totaled CNY 113,817,272,194.05, a substantial increase from CNY 61,770,449,196.78 in the prior year, representing an 83.96% rise[26]. - The net cash flow from operating activities for the first three quarters of 2024 was RMB 921,801,585.77, a significant increase from RMB 358,546,680.38 in the same period of 2023, representing a growth of approximately 157.5%[33]. - The cash flow from operating activities showed a strong recovery, with cash inflow from sales reaching RMB 2,012,383,348.76 in 2024, compared to RMB 1,716,239,281.36 in 2023, an increase of about 17.3%[33]. Research and Development - The company's research and development expenses for the year-to-date period amount to 51.56 million CNY, indicating an increase due to higher R&D spending[7]. - Research and development expenses for the first three quarters of 2024 amounted to CNY 484,138,043.04, compared to CNY 319,444,256.40 in 2023, showing an increase of about 51.6%[23]. - Research and development expenses increased to CNY 87.23 million from CNY 70.42 million, showing a rise of 24%[31]. Production and Sales - The company's self-produced gold output reached 35,438.64 kg, representing a year-on-year increase of 19.58%[16]. - The purchased gold output was 59,269.72 kg, which increased by 43.15% compared to the same period last year[16]. - The total revenue from sales and services received in cash was CNY 69,964,913,598.78, compared to CNY 43,431,880,982.85 in the same period of 2023, reflecting a growth of 60.94%[26]. - The total operating income from the beginning of the year to the reporting period is 62.15 million CNY, attributed to the acquisition of Shandong Gold International[7]. Future Plans - The company plans to expand production capacity at the Jiao Jia Gold Mine, which has received a mining license for 6.6 million tons per year, aiming to enhance its status as a world-class gold production base[16]. - The company is currently in the process of obtaining necessary permits to resume production at the Linglong Mine, which is expected to positively impact future output[16]. - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and profitability[32].