来源：新浪基金∞工作室 有色ETF泰康（159163）业绩比较基准为中证有色金属矿业主题指数收益率，管理人为泰康基金管理有 限公司，基金经理为魏军，成立（2026-01-27）以来回报为-9.32%。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 2月13日，有色ETF泰康（159163）开盘跌0.88%，报0.900元。有色ETF泰康（159163）重仓股方面，紫 金矿业开盘跌3.75%，洛阳钼业跌2.85%，北方稀土跌0.70%，华友钴业跌3.42%，中国铝业跌1.82%，中 金黄金跌2.03%，山东黄金跌2.71%，兴业银锡跌3.57%，赣锋锂业跌2.72%，云铝股份跌1.34%。 ...

Market Overview - The market experienced fluctuations with all three major indices declining: Shanghai Composite Index down 0.7%, Shenzhen Component Index down 0.67%, and ChiNext Index down 0.96% [1] - The overall market saw over 2,600 stocks decline [1] Sector Performance - The military industry sector led the gains with an increase of 2.09% [2] - The semiconductor sector was active, with notable stocks like Guofeng New Materials achieving a 2-day limit up [1][2] - The paper-making sector also showed strength, with Wuzhou Special Paper hitting the limit up [1] Declining Sectors - The oil and gas extraction and port shipping sectors faced significant declines, with companies like COSCO Shipping Energy and China Merchants Industry experiencing substantial drops [3][4] - The oil and gas extraction and service sector fell by 2.14%, while the port shipping sector decreased by 1.88% [4] Hong Kong Market - The Hang Seng Index dropped by 1.79%, and the Hang Seng Tech Index fell by 1.65% [5] - Gold stocks declined, with Zijin Mining falling over 5% and Shandong Gold dropping more than 4% [5] Notable Company Movements - Zhizhu continued its strong performance, reaching a new high of 492 HKD per share, with a market capitalization exceeding 200 billion HKD [7] - The company announced two significant actions: the launch of its next-generation flagship model GLM-5 in overseas markets and a structural price adjustment for related packages [9]

本文源自：金融界AI电报 金银价下挫，拖累港股市场黄金概念股走低。其中，灵宝黄金、中国黄金国际、紫金矿业跌超3%，紫 金黄金国际、赤峰黄金、潼关黄金、山东黄金跌超2%。 ...

Core Viewpoint - The gold resource sector is experiencing significant developments, including company restructuring, policy support, performance growth, and overseas expansion [2]. Company Restructuring - Hunan Gold (002155) will be suspended from trading starting January 12, 2026, to plan a share issuance for acquiring 100% stakes in Tianyue Mining and Zhongnan Smelting, aiming to integrate gold resources and smelting capacity. This restructuring coincides with international gold prices surpassing $4,600 per ounce, seen as a key move for resource expansion [3]. Industry Policy and Environment - The new Mineral Resources Law, effective July 1, 2025, simplifies the process of converting exploration rights to mining rights, providing a "fast track" for gold mining companies and reducing regulatory uncertainty. Additionally, a joint implementation plan for high-quality development in the gold industry focuses on deep mining technology and green mine construction, offering policy support for the sector [4]. Performance and Operating Conditions - In 2025, international gold prices increased by over 70%, leading to significant profit growth for several gold companies. For instance, Shandong Gold (600547) reported a 102.98% year-on-year increase in net profit for the first half of 2025, while Western Gold (601069) saw a 131.94% increase, primarily benefiting from rising gold prices and production boosts. Zijin Mining (601899) expects a net profit of 51 to 52 billion yuan in 2025, representing a year-on-year growth of 59% to 62% [5]. Company Project Advancements - Companies like Zijin Mining, Luoyang Molybdenum (603993), and Jiangxi Copper (600362) are accelerating overseas gold mine acquisitions. Zijin Mining has completed acquisitions of the Akyem gold mine in Ghana and the Raygorodok project in Kazakhstan, while Luoyang Molybdenum is set to finalize a Brazilian gold mine deal by January 23, 2026. Collectively, these companies have invested over 66 billion yuan to expand their resource reserves [6]. Institutional Perspectives - Major institutions such as JPMorgan and Goldman Sachs have raised their gold price targets for 2026, with JPMorgan predicting prices could approach $5,000 per ounce and Goldman Sachs increasing its year-end target to $5,400 per ounce, driven by central bank gold purchases and expectations of Federal Reserve interest rate cuts [7].

Group 1 - The core viewpoint of the article highlights the performance of the Huatai-PineBridge ETF (159652) in the non-ferrous metals sector, showing a stable opening price and mixed performance among its major holdings [1] - The ETF opened at 1.954 yuan with a 0.00% change, indicating stability in the market [1] - Major holdings in the ETF include Zijin Mining, which rose by 0.23%, and Huayou Cobalt, which increased by 2.25%, while other stocks like China Aluminum and Ganfeng Lithium experienced slight declines [1] Group 2 - The performance benchmark for the Huatai-PineBridge ETF is the CSI Sub-Industry Non-Ferrous Metals Theme Index return rate [1] - Since its establishment on January 16, 2023, the ETF has achieved a return of 95.20%, with a monthly return of 7.27% [1] - The fund is managed by Huatai-PineBridge Fund Management Co., Ltd., with managers Dong Jin and Sun Hao overseeing its operations [1]

经济观察网 山东黄金（600547）近期发布业绩预增公告，同时控股股东权益发生变动，股价出现波 动。 业绩经营情况 2026年2月11日，山东黄金股价上涨5.02%，报收47.47元/股，当日成交额17.67亿元；此前2月3日股价曾 下跌6.31%。主力资金近期呈现净流出态势。 机构观点 国投证券于2026年2月10日发布研报，维持山东黄金"买入-A"评级，目标价59.1元/股，看好金价中长期 趋势对公司业绩的提振。 以上内容基于公开资料整理，不构成投资建议。 根据2026年2月5日公告，山东黄金集团及其一致行动人持股比例由43.95%降至42.99%，原因包括可交 换公司债券换股导致被动减持，同时集团在2025年10月10日至2026年2月3日期间增持333万股。增持计 划仍在实施中。 可转债终止发行 公司控股股东发行的"23山金EB"可交换债券因触发赎回条款，于2026年2月11日提前兑付并摘牌，换股 期相应调整。 股票近期走势 山东黄金于2026年1月30日发布业绩预告，预计2025年度实现归母净利润46亿元至49亿元，同比增长 56%至66%，主要受益于黄金价格上行及公司生产优化。 关联交易情况 ...

Group 1 - The mining ETF (561330) opened at 2.280 yuan, experiencing a slight decline of 0.09% [1] - Major holdings in the mining ETF include Zijin Mining (+0.23%), Luoyang Molybdenum (-0.04%), Northern Rare Earth (+0.00%), Huayou Cobalt (+2.25%), China Aluminum (-0.45%), Ganfeng Lithium (+0.05%), Shandong Gold (-0.74%), Yun Aluminum (-0.19%), Zhongjin Gold (-0.72%), and Tianqi Lithium (-0.14%) [1] - The performance benchmark for the mining ETF is the CSI Nonferrous Metals Mining Theme Index return, managed by Guotai Fund Management Co., Ltd., with a return of 127.98% since its establishment on October 19, 2022, and a 9.00% return over the past month [1]

Group 1 - The core viewpoint of the news highlights the strong performance of the non-ferrous metal sector, with the non-ferrous metal ETF fund (516650) rising by 1.36% and significant gains in individual stocks such as BaoTi Co., Ltd. (5.97%) and Shenghe Resources (5.87%) [1] - The non-ferrous metal ETF fund has seen a net inflow of funds for 15 out of the last 23 trading days, totaling 6.845 billion yuan, indicating a strong interest from leveraged funds [1] - Market analysts suggest that while there is a recovery in bullish sentiment, macroeconomic uncertainties remain, particularly influenced by U.S. economic data and policy expectations [1] Group 2 - The non-ferrous metal ETF fund closely tracks the CSI sub-index for the non-ferrous metal industry, with the top ten weighted stocks accounting for 51.85% of the index as of January 30, 2026 [2] - The top ten weighted stocks in the non-ferrous metal index include Zijin Mining, Luoyang Molybdenum, Northern Rare Earth, and others, indicating a diversified portfolio within the sector [2] - The performance of individual stocks within the index shows varying degrees of increase, with Zijin Mining at 2.05% and Huayou Cobalt at 3.05%, reflecting the overall positive trend in the sector [3]

Group 1 - The core viewpoint of the article highlights the performance of the Invesco ETF (560290) in the context of the metal industry, showing a slight opening decline of 0.72% to 0.964 yuan [1] - The major holdings of the Invesco ETF include Zijin Mining, which opened up by 0.23%, and other companies like China Aluminum and Ganfeng Lithium showing mixed performance [1] - The performance benchmark for the Invesco ETF is the CSI Nonferrous Metals Mining Theme Index, with a return of -2.69% since its establishment on January 26, 2026 [1]

Recent Events - Hunan Gold (002155) is suspended due to planning a major asset restructuring, intending to acquire 100% equity of Tianyue Mining and Zhongnan Smelting from its controlling shareholder to integrate gold mining resources and smelting capacity [2] - Zijin Mining (601899) is deepening its overseas layout, with its subsidiary Zijin Gold International set to complete the acquisition of the Akyem gold mine in Ghana by 2025 and plans to spin off in Hong Kong by September 2025; the company will continue to pursue gold mine acquisitions in Africa to increase gold production [2] - Jiangxi Copper (600362) announced plans to acquire 100% of SolGold, which includes the Cascabel copper-gold project in Ecuador [2] Industry Policies and Environment - The new Mineral Resources Law will take effect in July 2025, simplifying the process of converting exploration rights to mining rights, potentially accelerating domestic gold resource development [3] - A high-quality development implementation plan for the gold industry will be jointly issued by nine departments in 2025, promoting breakthroughs in deep mining technology and the construction of green mines [3] - A new gold value-added tax policy will be implemented in November 2025, exempting standard gold transactions from tax but categorizing physical delivery for taxation based on usage, which may concentrate resources among compliant leading enterprises [3] Performance and Operating Conditions - Zijin Mining expects a net profit attributable to shareholders of 51-52 billion yuan in 2025, representing a year-on-year increase of approximately 59% [4] - Shandong Gold (600547) reported a net profit increase of 102.98% year-on-year in the first half of 2025, while Western Gold (601069) saw a net profit increase of 131.94% year-on-year [4] - Leading companies like Zijin Mining aim for an annual gold production of 100-110 tons by 2028, while Shandong Gold plans to increase its gold mines from one to thirteen [4] Stock Recent Trends - The international gold price has increased by over 65% cumulatively in 2025, surpassing 4600 USD/ounce at the beginning of 2026; several institutions, including Goldman Sachs and JPMorgan, have raised their gold price targets for 2026 to over 5000 USD, primarily based on expectations of Federal Reserve interest rate cuts, central bank gold purchases, and geopolitical risk aversion [5] - Domestic insurance funds have initiated pilot investments in gold, and banks are launching "gold+" strategy products, which may bring additional capital into the market [5]