Summary of Shandong Gold's Conference Call Company Overview - **Company**: Shandong Gold Mining Co., Ltd. - **Industry**: Gold Mining Key Financial Performance - **2024 Revenue**: CNY 82.518 billion, up 39.21% YoY [2][3] - **2024 Total Profit**: CNY 5.682 billion, up 59.47% YoY [2][3] - **2024 Net Profit**: CNY 2.952 billion, up 26.8% YoY [2][3] - **Q1 2025 Revenue**: CNY 25.935 billion, up 36% YoY [2][6] - **Q1 2025 Net Profit**: CNY 1.026 billion, up 46.62% YoY [2][6] Production and Sales - **2024 Gold Production**: 46.17 tons, up 10.51% YoY [3] - **Q1 2025 Gold Production**: 11.87 tons, up 7.98% YoY [2][6] - **2025 Target**: Gold production of no less than 50 tons [2][7] Strategic Initiatives - **Focus Areas**: Production optimization, resource acquisition, project construction, technological innovation, and lean management [2][3] - **Key Projects**: Jiao Jia Gold Mine, New City Mine, and Ghana Namdini project [2][7] - **Investment in R&D**: CNY 863 million in 2024, with 71 patents filed [5] Cost Management - **Cost per Gram**: CNY 293, up from CNY 230 YoY [4][23] - **Reasons for Cost Increase**: Deeper mining operations, targeted low-grade ore extraction, and rising operational costs [24][25] ESG and Governance - **ESG Commitment**: Integration of ESG principles into corporate strategy, with ongoing green mine construction and carbon peak action plans [4][12] - **Governance Improvements**: Enhanced information disclosure systems and independent director effectiveness [13][11] Market Outlook - **Gold Price Trends**: Significant increases in gold prices due to geopolitical factors, with expectations for continued long-term growth [9][21][22] - **Global Demand**: Increasing demand for gold, with central banks continuing to add to reserves [22] Investor Relations - **Engagement Activities**: Over 150 investor communication events since 2024, enhancing transparency and stakeholder engagement [14] Future Plans - **2025 Goals**: Focus on production capacity enhancement, resource acquisition, and project construction to achieve gold production targets [7][26][27] - **Long-term Strategy**: Emphasis on sustainable development and shareholder returns through effective management and operational excellence [10][28]

Core Viewpoint - Shandong Gold Mining Co., Ltd. announced the adjustment of guarantee limits among its subsidiaries to enhance financing efficiency and support business development, with a total expected guarantee limit of CNY 45.54 billion [2][4]. Group 1: Guarantee Adjustment Details - The company approved a guarantee limit of CNY 455,400.00 million, with CNY 199,400.00 million allocated for subsidiaries with a debt-to-asset ratio below 70% and CNY 256,000.00 million for those above 70% [2][4]. - The adjustment involves transferring a guarantee limit of CNY 200,000.00 million from Osino Gold Exploration and Mining (Pty) Ltd. to Osino Mining Investments Limited, which has a lower debt-to-asset ratio [4][5]. - The adjusted guarantee limit for Osino Mining Investments Limited increased from CNY 100,000.00 million to CNY 300,000.00 million, while the limit for Osino Gold Exploration and Mining (Pty) Ltd. became zero [5][6]. Group 2: Guarantee Progress - Recently, a new guarantee of CNY 21,562.80 million was added for Sino Gold Tenya (HK) Limited, which falls within the approved guarantee limit [5][7]. - The total guarantee amount provided by Shandong Gold's subsidiaries remains unchanged at CNY 455,400.00 million after the adjustment [5][6]. - As of the announcement date, the total external guarantee amount by Shandong Gold's subsidiaries is CNY 62,962.80 million, accounting for 4.85% of the latest audited net assets of Shandong Gold [7][8].

证券代码：600547 证券简称：山东黄金 编号：临 2025-026 山东黄金矿业股份有限公司 关于控股子公司山金国际全资子公司之间调剂担保 额度暨担保进展的公告 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。 山东黄金矿业股份有限公司（以下简称"公司"）分别于 2024 年 12 月 19 日、2025 年 1 月 14 日召开第六届董事会第六十九次会议、2025 年第一次临时股 东大会审议通过《关于公司控股子公司山金国际为其子公司提供担保额度预计的 议案》；公司控股子公司山金国际黄金股份有限公司（以下简称"山金国际"） 分别于 2024 年 12 月 19 日、2025 年 1 月 15 日召开第九届董事会第九次会议及 第九届监事会第七次会议、2025 年第一次临时股东大会，均审议通过了《关于 为子公司提供担保额度预计的议案》。为满足公司控股子公司山金国际及下属子 公司日常经营和业务发展需要，提高山金国际融资决策效率，山金国际同意为合 并报表范围内的全资及控股子公司提供担保，预计担保总额度为 455,400.00 万 ...

Group 1 - The core index, the CN Materials Composite Index, reported at 3281.67 points, with a 2.51% increase over the past month, 1.68% over the past three months, and a 6.63% year-to-date increase [1] - The index is designed to reflect the overall performance of different industry securities from Chinese mainland enterprises, classified according to the China Securities Index industry classification standards [1] - The top ten holdings of the CN Materials Composite Index include Zijin Mining (6.39%), Wanhua Chemical (2.21%), and others, indicating a concentration in specific companies [1] Group 2 - The market distribution of the CN Materials Composite Index shows that the Shanghai Stock Exchange accounts for 49.23%, Shenzhen Stock Exchange for 42.38%, and Hong Kong Stock Exchange for 7.82% [2] - In terms of industry composition, non-ferrous metals represent 41.47%, chemicals 37.94%, and other sectors such as non-metallic materials and steel also contribute to the index [2] Group 3 - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December, and can also be adjusted under special circumstances [3] - Adjustments to the index samples occur when there are changes in industry classification due to special events or when companies are delisted [3]

Core Viewpoint - Shandong Gold Mining Co., Ltd. has shown a positive stock performance with a closing price of 30.82 yuan, reflecting a 5.01% increase from the previous week, and is preparing for its annual shareholder meeting to discuss key financial and operational matters [1][5]. Company Announcements - The company will hold its 2024 annual shareholder meeting on June 11, 2025, to review 16 agenda items, including the annual reports and profit distribution plans [1][5]. - Shareholders can vote through trading systems or internet platforms, with the record date for A-share shareholders set for June 5, 2025 [2]. Performance Highlights - In 2024, the company achieved a gold production of 46.17 tons, with total revenue of 825.18 billion yuan and a net profit attributable to shareholders of 29.52 billion yuan [3][5]. - The company plans to provide a guarantee of up to 180 million USD for its Hong Kong subsidiary in 2025 to engage in futures and derivatives trading, as well as gold leasing and hedging activities [3][5].

Group 1 - Hong Kong gold stocks continued to strengthen in the afternoon, with Zijin Mining rising over 7% [1] - Other companies such as Zhaojin Mining and Shandong Gold also experienced gains [1]

港股黄金股走强，赤峰黄金(06693.HK)涨超6%，灵宝黄金(03330.HK)涨超4%，山东黄金(01787.HK)、 招金矿业(01818.HK)等跟涨。 ...

一、 召开会议的基本情况 (一) 股东大会类型和届次 2024年年度股东大会 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： 证券代码：600547 证券简称：山东黄金 公告编号：临 2025-025 山东黄金矿业股份有限公司 关于召开2024年年度股东大会的通知 （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 召开的日期时间：2025 年 6 月 11 日 9:30 召开地点：山东省济南市历城区经十路 2503 号公司会议室 股东大会召开日期：2025年6月11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 （五）网络投票的系统、起止日期和投票时间。 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2025 年 6 月 11 日 至2025 年 6 月 11 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为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-1 ...

山东黄金矿业股份有限公司 2024 年年度股东大会 会议资料 二○二五年六月十一日 山东黄金矿业股份有限公司股东大会会议资料 | | 目 录 | | | --- | --- | --- | | 股东大会须知 | | 3 | | 股东大会议程 | | 5 | | 2024 | 年度董事会工作报告 | 8 | | 2024 | 年度监事会工作报告 | 18 | | 2024 | 年度独立董事述职报告 | 24 | | 2024 | 年度财务决算报告 | 25 | | 2024 | 年年度报告及摘要 | 30 | | 2024 | 年度利润分配方案 | 31 | | 关于提请股东大会授权董事会制定并执行 | 2025 年中期分红方案的议案 | 34 | | 2025 | 年度投资计划 | 36 | | 关于续聘 | 2025 年度审计机构的议案 | 38 | | 关于 2024 | 年度内部控制评价报告的议案 | 44 | | 关于 2024 | 年可持续发展报告的议案 | 45 | | 关于 2024 | 年度募集资金存放与使用情况的专项报告的议案 | 46 | | 关于 2025 | 年度公司为香港子公司提供年 ...

Group 1 - The core index of the commodity sector, the China Securities Commodity Stock Index, closed at 4799.89 points with a trading volume of 31.653 billion yuan, showing a slight increase of 0.03% [1] - Over the past month, the index has risen by 1.75%, by 0.02% over the last three months, and by 0.82% year-to-date [1] - The index is composed of the top 100 commodity-related listed companies selected from the China Securities 800 Index, reflecting the overall performance of commodity securities [1] Group 2 - The top ten weighted stocks in the index include Chifeng Jilong Gold Mining (1.58%), Kaisa Biological (1.36%), and Yara International (1.33%) among others [1] - The index's holdings are primarily from the Shanghai Stock Exchange (54.56%) and the Shenzhen Stock Exchange (45.44%) [1] - In terms of industry composition, non-ferrous metals account for 35.02%, chemicals for 20.58%, and energy for 17.67% of the index [2] Group 3 - The index is adjusted semi-annually, with sample adjustments occurring on the next trading day after the second Friday of June and December [2] - The weight factors are generally fixed until the next scheduled adjustment, with a maximum sample adjustment ratio of 10% [2] - Public funds tracking commodities include the China Merchants China Securities Commodity Fund [3]