| | 夏公司 在用的商业查询工具 | 童老板 音关系 查风险 | | | | | --- | --- | --- | --- | --- | --- | | | 中小企业发展子基金旗下机构 | 济南儒商嘉逸产业投资合伙企业(有限合伙) | × 天眼一下 | 一 NE ▼ | 商务合作 1 | | 基本信息 5 | 法律诉讼 | 经营风险 | 经营信息 | 公司发展 | 知训 | | 工商信息 ● | | | | | | | 工商信息 历史工商信息0 | | | | | | | 企业名称 | 济南儒商嘉逸产业投资合伙企业(有限合伙) | | | | | | 执行事务合伙人 | 山东通汇儒商新动能投资有限公 道江 | 登记状态 ② | 开业 | | 天眼评分 2 | | | 信同 司 | 成立日期 | 2025-12-16 | | | | 统一社会信用代码 2 | 91370102MAK42DAN56 | 出资额 | 1010010万人民币 | | 实缴资本 | | 工商注册号 | 370102300171613 | 纳税人识别号 ② | 91370102MAK42DAN56 | | 组织机构代码 (? | | ...

Group 1 - The precious metals sector increased by 0.98% on December 18, with Shandong Gold leading the gains [1] - The Shanghai Composite Index closed at 3876.37, up 0.16%, while the Shenzhen Component Index closed at 13053.98, down 1.29% [1] - Key stocks in the precious metals sector showed varied performance, with Shandong Gold closing at 37.09, up 2.52%, and Hunan Silver down 0.95% at 6.25 [1][3] Group 2 - The net capital flow in the precious metals sector showed a net outflow of 178 million yuan from institutional investors, while retail investors had a net inflow of 127 million yuan [3][4] - Shandong Gold had a significant net inflow of 87.45 million yuan from institutional investors, while Hunan Silver experienced a net outflow of 95.28 million yuan [4] - The ETF tracking the gold industry, with a product code of 159562, has seen a recent increase in shares by 10 million, with a net subscription of 21.28 million yuan [6]

人民财讯12月18日电，企查查APP显示，近日，济南儒商嘉逸产业投资合伙企业（有限合伙）成立，出 资额约101亿元，经营范围包含：以自有资金从事投资活动。企查查股权穿透显示，该企业由山东高速 （600350）集团有限公司、山东黄金（600547）集团有限公司、山东通汇儒商新动能投资有限公司共同 出资。 ...

Core Viewpoint - The A-share market is experiencing an upward trend, particularly in the non-ferrous metals sector, driven by significant capital inflows and positive price dynamics in the sector [1][3]. Group 1: Market Performance - The non-ferrous 50 ETF (159652) saw a slight increase of 0.78%, aiming for a second consecutive day of gains, with over 20 million yuan in capital inflow during the trading session [1]. - Over the past five days, the non-ferrous 50 ETF attracted more than 120 million yuan in investments, indicating strong market interest [1]. Group 2: Key Stocks and Announcements - Major stocks within the non-ferrous 50 ETF index experienced gains, with Huayou Cobalt rising over 4% and Shandong Gold increasing by over 2%, influenced by an 80,000-ton "super order" [3][5]. - Huayou Cobalt announced a binding memorandum with a well-known international client to supply a total of 79,600 tons of ternary precursor products [5]. - Luoyang Molybdenum announced plans to acquire 100% equity in EQX's LatAm and Luna Gold Corp. for approximately 10.15 billion USD, equivalent to over 7.1 billion yuan [5]. Group 3: Industry Trends - Lithium carbonate futures surged again, following a previous increase of 7%, reflecting ongoing bullish sentiment in the market [6]. - The Jiangxi Yichun Natural Resources Bureau plans to revoke 27 mining rights, which could tighten lithium supply and support domestic lithium carbonate prices [8]. - The non-ferrous metals sector is seen as crucial for economic recovery and technological advancements, with copper being highlighted as a key indicator of economic health [9]. Group 4: Investment Opportunities - The non-ferrous 50 ETF (159652) is positioned to benefit from a super cycle in non-ferrous metals, covering a wide range of metals including gold, copper, aluminum, lithium, and rare earths [24][26]. - The ETF has a leading concentration of "gold and copper content," with copper accounting for 31% and gold for 14% of its index [26]. - The index has shown a cumulative return of 86.28% since 2022, driven by earnings rather than valuation expansion, indicating a favorable investment environment [28].

Core Viewpoint - Shandong Gold has shown significant stock performance with a year-to-date increase of 65.51%, reflecting strong market interest and financial growth [1][2]. Group 1: Stock Performance - On December 18, Shandong Gold's stock rose by 2.05%, reaching 36.92 CNY per share, with a trading volume of 5.90 billion CNY and a turnover rate of 0.45% [1]. - The company has experienced a net inflow of main funds amounting to 12.98 million CNY, with large orders contributing significantly to both buying and selling activities [1]. - Over the past five trading days, the stock has increased by 5.55%, while it has seen a slight decline of 0.90% over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Shandong Gold reported a revenue of 83.78 billion CNY, marking a year-on-year growth of 25.04%, and a net profit attributable to shareholders of 3.96 billion CNY, which is a 91.51% increase compared to the previous year [2]. - The company has distributed a total of 5.68 billion CNY in dividends since its A-share listing, with 2.76 billion CNY distributed over the last three years [3]. Group 3: Shareholder Structure - As of September 30, 2025, Shandong Gold had 102,800 shareholders, an increase of 12.55% from the previous period [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited as the fourth largest shareholder with 113 million shares, and China Securities Finance Corporation as the fifth largest with 109 million shares, maintaining their holdings [3]. - New entrants among the top shareholders include the Gold Stock ETF, which holds 29.67 million shares [3].

Core Insights - The recent rise in precious metals, including gold, silver, and copper, has positively impacted various ETFs, particularly the gold and non-ferrous metal ETFs [2] - The non-ferrous metal ETF (516650) has seen a continuous inflow of funds over the past week, totaling 144 million yuan, reaching a record high in both share count and total assets [2] - The ETF closely tracks the CSI sub-index for the non-ferrous metal industry, with the top ten weighted stocks accounting for 52.65% of the index [2] ETF Performance - The gold ETF (518850) increased by 0.13%, while the gold stock ETF (159562) rose by 0.46% [2] - The non-ferrous metal ETF (516650) experienced a 1.09% increase, with notable stock performances including Huaxi Nonferrous (7.01% increase) and Chihong Zinc & Germanium (5.04% increase) [2] - The latest share count for the non-ferrous metal ETF reached 1.391 billion, with a total asset size of 2.417 billion yuan [2] Top Holdings - The top ten weighted stocks in the non-ferrous metal ETF include Zijin Mining, Luoyang Molybdenum, Northern Rare Earth, Huayou Cobalt, and China Aluminum, among others [2] - These stocks are significant contributors to the ETF's performance, reflecting the overall strength of the non-ferrous metal sector [2]

Core Viewpoint - The non-ferrous metal sector showed strong performance on December 17, with the leading non-ferrous metal ETF (159876) rising over 3.8% during the day and closing up 3.27%, indicating positive market sentiment towards the sector [1][10]. Fund Flows - The non-ferrous metal ETF attracted significant capital, with a single-day inflow of 10.13 million yuan and a total of 198 million yuan over the past 20 days, reflecting investor confidence in the sector's future performance [1][10]. Stock Performance - Lithium stocks surged, with Shengxin Lithium Energy hitting the daily limit, Zhongmin Resources rising over 8%, Tianqi Lithium increasing by 6%, and Ganfeng Lithium up nearly 5%. In the lead zinc sector, Guocheng Mining also hit the daily limit, while Xingye Silver Tin rose over 6%. In the aluminum sector, Zhongfu Industrial increased by over 5%, Huafeng Aluminum by over 4%, and China Aluminum by over 3% [3][12]. Macro Factors - In the macroeconomic context, the U.S. added 64,000 non-farm jobs in November, with the unemployment rate unexpectedly rising to 4.6%, the highest in four years. This weak job market increases the likelihood of interest rate cuts by the Federal Reserve, which could support non-ferrous metal prices [4][13]. Industry Insights - Lithium carbonate futures saw a significant spike, rising over 8% to reach 109,860 yuan/ton. The cancellation of 27 mining licenses may impact the supply-demand dynamics of lithium, potentially driving prices higher. CITIC Securities expressed optimism about copper, aluminum, and gold as key investment options, citing limited new copper capacity and increasing demand from renewable energy and AI data centers [5][14]. Investment Strategy - Given the current market conditions and geopolitical tensions, non-ferrous metals are viewed as core assets for medium to long-term investment. The non-ferrous metal ETF (159876) and its linked funds provide comprehensive exposure to various metals, allowing for risk diversification compared to investing in single metal sectors [6][14].

Core Viewpoint - Shandong Gold (01787) has seen a nearly 4% increase in stock price, currently up 3.31% at HKD 34.36, with a trading volume of HKD 150 million [1] Group 1: Company Developments - Shandong Gold announced an investment of RMB 1.4 billion in its wholly-owned subsidiary, Hainan Shengwei, to enhance its operational capabilities and capitalize on the Hainan Free Trade Port policy [1] - The investment will be fully allocated to the capital reserve and will not increase the registered capital of Hainan Shengwei [1] - Following this capital increase, Shandong Gold will continue to hold 100% ownership of Hainan Shengwei [1]

Group 1 - Shandong Gold (01787.HK) experienced a nearly 4% increase in stock price, with a current rise of 3.31% to HKD 34.36 [1] - The trading volume reached HKD 150 million [1]

消息面上，近日，山东黄金发布公告，为落实战略发展规划，抢抓海南自由贸易港政策机遇，增强公司 控股子公司山金国际（000975）全资子公司海南盛蔚经营实力和推动海南盛蔚境外子公司Osino Gold Mining and Exploration (Pty) Ltd.的项目建设，山金国际拟以自有资金对海南盛蔚增加投资14亿元人民 币，全部计入资本公积，不增加其注册资本。本次增资后，山金国际仍直接持有海南盛蔚100%股权。 山东黄金（600547）(01787)涨近4%，截至发稿，涨3.31%，报34.36港元，成交额1.5亿港元。 ...