律師(濟南)事務用 L LAW FIRM (JINA 济南市龙奥西路1号银丰财富广场C座19. 20层 邮编:250014 19th-20th Floor, Block C, Yinfeng Fortune Plaza, No.1 Long'ao West Road, Jinan T. +86.5318611.0949 8611.2118 E. +86.531.8611.0945 E. grandallin@grandall.com.cn W. www.grandall.com.cn 国浩律师(济南) 事务所 关于山东黄金矿业股份有限公司 2025年第三次临时股东大会的法律意见书 北凉/上海/深圳/杭州/广州/昆明/天津/成都/宁波/掛州/西安/南京/ሞ宁/济南/里庆/苏州/长沙/太原/欧汉/贸阳/9鲁＊养/郑州/石家庄/合肥/海聊/青岛/烟台/大街/知川/拉孜/普港/巴黎/马盘县/版简母尔ዩ/纽约/马头西亚 BELUWS / SHANGHAI / SHENIZHEN / HANGZHOU / GUANGZHOU / KUNMING / TIANJINY CHEINGDU / MINOBO / FUZHOU/ ...

证券代码：600547 证券简称：山东黄金 编号：临 2025-047 山东黄金矿业股份有限公司 第七届董事会第一次会议决议公告 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"）第七届董事会第一次会议 （以下称"本次会议"）于2025年8月14日以现场和通讯相结合的方式召开。本 次会议应参会董事9人，实际参会董事9人。全体董事共同推选韩耀东先生主持会 议，公司部分高级管理人员列席会议。会议的召开符合《公司法》《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》等监管规定以及《公司章程》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： （二）审议通过了 《关于选举法定代表人的议案》 选举韩耀东担任公司法定代表人，任期自本次会议审议通过之日起至本届董 事会任期届满止。 表决结果：同意9票，反对0票，弃权0票。 （三）审议通过了《关于选举副董事长的议案》 选举刘钦为公司第七届董事会副董事长 ...

证券之星消息，8月14日贵金属板块较上一交易日下跌0.95%，晓程科技领跌。当日上证指数报收于 3666.44，下跌0.46%。深证成指报收于11451.43，下跌0.87%。贵金属板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 300139 | 院種科技 | 18.85 | -2.28% | 20.46万 | | 3.89亿 | | 002237 | 恒邦股份 | 12.10 | -2.02% | 18.32万 | | 2.24亿 | | 000506 | 招金黄金 | 66'6 | -1.87% | 17.45万 | | 1.76亿 | | 002716 | 湖南白银 | 4.99 | -1.77% | 147.47万 | | 7.47亿 | | 001337 | 四川黄金 | 23.24 | -1.73% | 8.76万 | | 2.05亿 | | 000975 | 山舍国际 | 18.21 | -1.30% | 28.51万 | | 5.24亿 | ...

证券之星消息，8月13日贵金属板块较上一交易日上涨1.14%，湖南黄金领涨。当日上证指数报收于3683.46，上涨0.48%。深证成指报收于 11551.36，上涨1.76%。贵金属板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002155 | 湖南直金 | 19.24 | 4.79% | 88.59万 | 16.73 | | 002716 | 湖南白银 | 5.08 | 3.89% | 144.71万 | # 7.211 | | 002237 | 恒邦股份 | 12.35 | 3.35% | 31.23万 | 3.821 | | 600988 | 赤峰黄金 | 24.94 | 1.46% | 55.30万 | 13.671 | | 600489 | 中全黄金 | 14.76 | 1.30% | 80.25万 | 11.76 | | 300139 | 晓程科技 | 19.29 | 1.26% | 18.99万 | 3.631 | | 001337 | 四川黄金 | 23. ...

新华财经北京8月13日电 近期，上市公司陆续披露2025年半年报及2025年半年度业绩预告。从黄金行业 上市公司业绩看，受金价高企影响，黄金行业上市公司业绩表现不俗。业绩回暖的同时，相关上市公司 频繁获机构调研。从机构调研的内容看，未来黄金产量、黄金产能扩张计划、公司成本变化等，是机构 普遍关心的问题。 业绩大幅好转 从产业链角度看，黄金矿产开采端上市公司业绩普遍表现良好，包括西部黄金、湖南黄金、山东黄金、 中金黄金在内的多家上市公司业绩出现较为明显的增长。 山东黄金预计2025年上半年实现归属于母公司所有者的净利润为25.5亿元至30.5亿元，同比增长84.3% 到120.5%。2025年上半年，公司统筹优化生产布局，强化核心技术攻关，提升精细管理水平，在科学 匹配项目建设的同时，显著提升运营效能，实现生产效率与资源利用率、项目建设速度的协同提升，同 时叠加黄金价格上行因素，公司利润同比涨幅较大，持续巩固了向上向好向优发展态势。 西部黄金预计2025年半年度实现归属于母公司所有者的净利润为1.3亿元至1.6亿元，同比增长96.35%至 141.66%。预计2025年半年度实现归属于母公司所有者的扣除非经常性 ...

Market Overview - The precious metals sector increased by 0.12% on August 12, with Shandong Gold leading the gains [1] - The Shanghai Composite Index closed at 3665.92, up 0.5%, while the Shenzhen Component Index closed at 11351.63, up 0.53% [1] Top Performing Stocks - Shandong Gold (600547) closed at 31.55, with a rise of 0.86% and a trading volume of 260,500 shares, amounting to a transaction value of 823 million yuan [1] - Chifeng Jilong Gold Mining (600988) closed at 24.58, up 0.24% with a trading volume of 405,300 shares [1] - Zhaojin Mining Industry (000506) closed at 10.25, with a slight increase of 0.10% and a trading volume of 128,100 shares [1] Fund Flow Analysis - The precious metals sector experienced a net outflow of 397 million yuan from institutional investors, while retail investors saw a net inflow of 300 million yuan [2][3] - The top stock with the highest net outflow from institutional investors was Chifeng Jilong Gold Mining, with a net outflow of 103 million yuan [3] ETF Information - The gold stock ETF (product code: 159562) tracks the CSI Hong Kong-Shenzhen Gold Industry Stock Index and has seen a 9.05% change over the last five days [5] - The ETF has a price-to-earnings ratio of 21.98 and a recent net outflow of 909,000 yuan [5]

Investment Rating - The report maintains an "Outperform" rating for the non-ferrous metals industry [2] Core Views - The report expresses a long-term positive outlook for precious metals, driven by expectations of interest rate cuts by the Federal Reserve and a weakening dollar, which is anticipated to support gold prices [5] - Industrial metal prices are on the rise, supported by significant infrastructure projects in China, which are expected to boost overall demand [5] - The report highlights the mixed performance of minor metals, with some prices increasing due to recovering manufacturing demand [5] - Energy metals, particularly lithium, are experiencing price declines, warranting attention on future demand growth [5] Summary by Sections 1. Industry Data Review 1.1 Precious Metals - Gold prices increased by 2.19% during the week of August 4-8, 2025, amid expectations of interest rate cuts [5] 1.2 Industrial Metals - Prices for copper, aluminum, lead, zinc, tin, and nickel saw weekly increases of 0.6%, 0.9%, 0.7%, 0.8%, 0.9%, and 1.1% respectively [5][28] 1.3 Minor Metals - Prices for praseodymium-neodymium metals and oxides showed mixed trends, while tungsten prices increased [5][30] 1.4 Energy Metals - Lithium concentrate prices fell, while nickel products generally saw price increases [5][35] 2. Market Data - The Shanghai Composite Index rose by 2.11%, with the non-ferrous metals sector increasing by 5.78% during the same period [36] 3. Key Events of the Week - Federal Reserve Vice Chair Michelle Bowman indicated support for three interest rate cuts this year, with an 88.9% probability of a 25 basis point cut in September [43]

Core Insights - Recent announcements from numerous listed companies indicate that significant shareholders are planning substantial share buybacks, reflecting a positive sentiment towards the companies' future development and long-term investment value [1][2][4]. Group 1: Shareholder Buyback Plans - Huaxi Biological announced a plan for its controlling shareholder to buy back shares worth between 200 million and 300 million yuan within six months, utilizing self-owned or self-raised funds [2]. - Daodaoquan's controlling shareholder plans to increase its stake by 50 million to 100 million yuan, with funding sourced from self-owned funds and a special loan of up to 90 million yuan from a bank [2][4]. - Ailuo Energy's controlling shareholder has already bought back shares worth approximately 999.87 thousand yuan and intends to continue the buyback plan, with a total planned investment between 20 million and 30 million yuan [5]. Group 2: Market Reactions and Implications - The increase in share buybacks has led to some shareholders reaching the regulatory threshold for significant shareholding, which has drawn market attention [5][6]. - As of August 11, 699 listed companies or significant shareholders have received buyback loans totaling approximately 1,425.23 billion yuan, indicating a strong trend in leveraging loans for share repurchases [7]. - Shandong Gold's controlling shareholder has secured a loan commitment of up to 900 million yuan from a bank for share buybacks, with plans to invest between 500 million and 1 billion yuan over the next year [7].

Group 1 - The core point of the article is the announcement of the successful bid for the transportation project of ore and tailings at the New Town Gold Mine by Shandong Gold Mining Co., Ltd. [1] - The winning supplier for the project is Yantai Jinchang Automobile Service Co., Ltd. with a bid amount of 5,719,900.0 [3] - The announcement was made on August 7, 2025, and the project is located in Shandong Province [3] Group 2 - Shandong Gold Mining Co., Ltd. has made investments in 27 enterprises and participated in 4,165 bidding projects [1] - The company holds 3 trademark registrations, 53 patents, and 6 copyright registrations [1] - Additionally, the company possesses 29 administrative licenses [1]

Investment Rating - The report maintains a "Recommended" investment rating for the gold industry, copper industry, aluminum industry, tin industry, and antimony industry [10]. Core Views - The Federal Reserve is expected to implement three interest rate cuts within the year, which is favorable for gold prices [5]. - The gold price is projected to maintain an upward trend due to ongoing purchases by the People's Bank of China [4][5]. - Short-term demand for copper and aluminum is weak, but medium to long-term supply-demand dynamics are expected to tighten [10]. - Tin prices are supported by tight supply conditions, while antimony prices are expected to remain weak in the short term but may strengthen in the long term due to supply constraints [10]. Summary by Sections Industry Performance - The non-ferrous metals sector has shown strong performance with a 1-month increase of 11.5%, a 3-month increase of 21.4%, and a 12-month increase of 44.5% [3]. Precious Metals Market Data - The London gold price was $3,394.15 per ounce, up $47.30 from August 1, reflecting a 1.41% increase. The London silver price was $38.29 per ounce, up $1.80, a 4.93% increase [4][30]. Copper and Aluminum Data - LME copper closed at $9,700 per ton, up $108 from August 1, a 1.13% increase. SHFE copper closed at ¥78,460 per ton, up ¥70, a 0.09% increase [39]. - Domestic aluminum prices were ¥20,630 per ton, up ¥140 from August 1 [40]. Tin and Antimony Data - Domestic refined tin prices were ¥268,310 per ton, up ¥4,240, a 1.61% increase. Antimony prices were ¥182,500 per ton, down ¥2,000, a 1.08% decrease [41]. Recommended Stocks - For the gold industry, recommended stocks include Zhongjin Gold, Shandong Gold, and Chifeng Gold. For copper, recommended stocks include Zijin Mining and Western Mining. For aluminum, recommended stocks include Shenhuo Co. and Yunnan Aluminum [11].