Core Viewpoint - The gold industry is experiencing significant growth due to rising gold prices and geopolitical tensions, leading to increased demand for gold as a safe-haven asset. Companies in this sector are leveraging their resource advantages and operational efficiencies to capitalize on these market conditions. Company Summaries - **Sichuan Gold (001337)**: Located in Sichuan, the company benefits from high-quality gold resources and low-cost mining advantages. It is expected to gain from rising gold prices and regional resource integration policies, enhancing its growth potential [1]. - **Zhaojin Gold (000506)**: A well-established player in the gold industry, Zhaojin has a comprehensive supply chain and strong technical capabilities. The company is positioned to benefit from increased gold demand due to geopolitical tensions and has a robust hedging strategy to stabilize profits [2]. - **Shandong Gold International (000975)**: This company operates globally, focusing on low-cost mining resources. It is expected to thrive amid geopolitical conflicts, leveraging its operational experience and resource management to respond to international gold price fluctuations [3]. - **Xiaocheng Technology (300139)**: Focused on intelligent mining solutions and African resource development, the company is set to benefit from both rising gold prices and increased demand for mining technology services [4]. - **China National Gold (600489)**: As a leading state-owned enterprise, it has the largest gold reserves in China. The company is expected to play a crucial role in stabilizing domestic gold supply and prices amid rising global demand [5]. - **Western Gold (601069)**: Based in Xinjiang, the company benefits from high-quality resources and regional policies supporting resource integration. It is positioned as a key player in ensuring domestic gold supply [6][7]. - **Chifeng Gold (600988)**: A rapidly expanding company that has increased its resource reserves through acquisitions. It is expected to enhance profit margins through optimized mining processes amid rising gold prices [8]. - **Hengbang Shares (002237)**: A leading gold smelting company, it benefits from its ability to process complex ores and is positioned to gain from rising gold prices and increased demand for silver recovery [9]. - **Shandong Gold (600547)**: The absolute leader in the gold industry, it has the largest resource reserves and production capacity. The company is expected to stabilize market expectations and supply amid rising gold prices [10]. - **Hunan Silver (002716)**: A core player in the silver industry, it benefits from rising silver prices and increased demand from the photovoltaic industry, enhancing its profit margins [11]. - **Zijin Mining (601899)**: A major player in the non-ferrous metals sector, it has a global footprint in gold mining and is expected to benefit from rising gold prices and geopolitical tensions [12]. - **Yintai Gold (000975)**: This company has a strong resource base and low-cost mining operations, positioning it well to benefit from rising gold prices and increased demand for gold as a safe-haven asset [13]. - **Shengda Resources (000603)**: A leading silver company, it is expected to benefit from rising silver prices and increased demand from the photovoltaic industry, while also expanding into gold resource development [14]. - **Yuguang Gold Lead (600531)**: A leader in lead and zinc smelting, it has strong silver recovery capabilities and is expected to benefit from rising silver prices amid increased industrial demand [15]. - **Hunan Gold (002155)**: A significant gold producer, it is expected to benefit from rising gold prices and regional resource development policies, enhancing its growth potential [16]. - **Zhongrun Resources (000506)**: Focused on overseas gold projects, it is expected to benefit from rising gold prices and geopolitical tensions, leveraging its operational experience [17]. - **Yuancheng Gold (600766)**: This company is focused on gold exploration and development, benefiting from rising gold prices and regional resource integration [18]. - **Xingye Mining (000426)**: A multi-metal mining company, it is expected to benefit from rising silver prices and increased demand for silver in the photovoltaic industry [19]. - **Jin Gui Silver Industry (002716)**: A leading silver smelting company, it is expected to benefit from rising silver prices and increased demand from the photovoltaic industry [20]. - **Western Mining (601168)**: A core player in the non-ferrous metals sector, it is expected to benefit from rising gold prices and increased demand for new energy metals [21]. - **Luoyang Molybdenum (603993)**: A global mining giant, it is expected to benefit from rising gold prices and geopolitical tensions, leveraging its diverse resource portfolio [22]. - **Guizhou Platinum Industry (600459)**: A leader in precious metals, it is expected to benefit from rising demand for platinum and palladium amid global energy transitions [23]. - **Nanmin Group (001360)**: A mining equipment leader, it is expected to benefit from rising gold prices and increased demand for mining equipment amid a booming gold market [24]. - **Xingye Silver Tin (000426)**: This company is expanding its global gold asset portfolio and is expected to benefit from rising silver prices and increased demand for gold [25].

Core Viewpoint - The article discusses the ongoing legal actions regarding investor claims against Yitong Century (宜通世纪) and Yuancheng Gold (园城黄金) due to false statements and financial fraud, highlighting the potential for investor compensation through legal channels [1][2][3]. Group 1: Yitong Century (宜通世纪) - Yitong Century has faced legal actions for false statements, with many investors already receiving compensation [1][4]. - The company was penalized by the China Securities Regulatory Commission (CSRC) for financial misconduct, including a major asset restructuring in October 2016, where it acquired 100% of Shenzhen Beitai Health Measurement and Analysis Technology Co., Ltd. for a total consideration of 1 billion yuan [4][5]. - From May 1 to December 31, 2017, Beitai Health inflated its revenue by 97.34 million yuan, costs by 52.61 million yuan, and total profit by 40.84 million yuan, which constituted 3.7%, 9.75%, and 15.67% of Yitong Century's reported figures, respectively [5][6]. Group 2: Yuancheng Gold (园城黄金) - Yuancheng Gold is also facing legal scrutiny, with a court hearing scheduled for December 9, 2025, regarding investor claims of false statements [2][5]. - The company was found to have inflated its revenue by 36.69 million yuan and costs by the same amount in its 2021 semi-annual report, representing 37.48% and 39.38% of the reported figures, respectively [5][6]. - In the 2021 annual report, Yuancheng Gold inflated its revenue by 64.95 million yuan and costs by the same amount, accounting for 28.86% and 29.73% of the reported figures, respectively [5][6].

Core Viewpoint - The article discusses the disciplinary action taken by the Shanghai Stock Exchange against Zhongshen Zhonghuan Accounting Firm and two certified public accountants for their inadequate auditing practices related to Yantai Yuancheng Gold Co., Ltd's 2021 annual report, which resulted in significant financial misstatements [2][5]. Group 1: Violations Identified - Yantai Yuancheng Gold Co., Ltd's 2021 annual report had inaccuracies in revenue recognition and incomplete accounting for employee compensation and custody costs, leading to an inflated revenue of 64.95 million yuan, accounting for 28.86% of the reported revenue, and an inflated profit of 521,000 yuan, representing 15.27% of the total profit [3][8]. - Zhongshen Zhonghuan, as the auditing firm, and the accountants Li Jian Shu and Yu Jun, failed to execute adequate risk assessment procedures and control tests, particularly for significant accounts such as cash, receivables, and expenses [4][9]. Group 2: Specific Audit Failures - The audit of cash did not include follow-up procedures for missing bank confirmations, and there were no records of cash monitoring [4][10]. - In the accounts receivable audit, there was a lack of verification for the addresses of confirmations sent and received, and no further checks were made on electronic confirmations [9][10]. - The inventory audit lacked sufficient analysis of the impairment of development products and did not adequately address properties still recorded as inventory [9][10]. Group 3: Disciplinary Actions - The Shanghai Stock Exchange decided to issue a public reprimand to Zhongshen Zhonghuan and the two accountants due to their failure to perform due diligence and the serious nature of the violations [5][15]. - The disciplinary committee found that the accountants did not provide substantial evidence to counter the identified violations, leading to the conclusion that the audit procedures were not adequately executed [15][16]. - The firm is required to submit a rectification report within one month, detailing measures taken to address the identified issues and improve audit quality [16].

文/梧桐小新 近期，烟台园城黄金股份有限公司收到山东证监局的行政处罚决定书及上交所的纪律处分决定书。山东证监局对公司处以300万元罚款，对4名相关责任人处以50 万元-200万元不等合计550万元的罚款；上交所对公司及4名相关责任人予以公开谴责。 上交所纪律处分委员会审核后认为： 公司未拥有对钢材的控制权，应当以净额法确认收入，且 控股股东安排发放员工薪酬是基于公司员工为公司经营及业绩提供 的服务而发放，应由公司进行账务处理，违规事实清楚，相关责任人所称符合准则、得到审计机构认可、已披露问询函回复、款项已予返还等异议理由不能成 立。 经查，2021年，园城黄金子公司烟台罗润商贸有限公司、烟台昌赛商贸有限公司在钢材贸易业务中， 对供应商承运、客户自提两种交付方式的部分采购、销售交 易按照总额法进行核算，但并未实质上取得货物的控制权，其身份是代理人。 根据《企业会计准则第14号一收入》（财会[2017]22号）第三十四条的规定， 公司 应当按照净额法确认收入。但公司对前述业务采用总额法确认收入 ，导致2021年半年度报告、2021年年度报告存在虚假记载。其中2021年半年度报告虚增营业收 入3,668.90万元、 ...

当事人： 上海证券交易所 纪律处分决定书 〔2024〕216 号 烟台园城黄金股份有限公司，退市前 A 股证券简称：退市 园城，退市前 A 股证券代码：600766； 徐诚东，烟台园城黄金股份有限公司原控股股东； 关于对烟台园城黄金股份有限公司及 控股股东徐诚东和有关责任人 予以公开谴责的决定 -1- ──────────────────────── 郭常珍，烟台园城黄金股份有限公司时任财务总监、董事； 牟赛英，烟台园城黄金股份有限公司时任董事、副总裁、董 事会秘书。 一、上市公司及相关主体违规情况 根据中国证券监督管理委员会山东监管局《行政处罚决定书》 （〔2024〕7 号），烟台园城黄金股份有限公司（以下简称退市园 城或公司）及原控股股东徐诚东在信息披露、规范运作方面，有 关责任人在职责履行方面存在以下违规行为。 徐成义，烟台园城黄金股份有限公司时任董事长、总经理； 2021 年，公司的子公司烟台罗润商贸有限公司、烟台昌赛 商贸有限公司在钢材贸易业务中，对供应商承运、客户自提两种 交付方式的部分采购、销售交易按照总额法进行核算，但并未实 质上取得货物的控制权，其身份是代理人，根据《企业会计准则 第 14 ...

关于对烟台园城黄金股份有限公司有关 责任人予以公开谴责的决定 上海证券交易所 纪律处分决定书 当事人： 〔2024〕145 号 一、相关主体违规情况 经查明，烟台园城黄金股份有限公司（以下简称公司）在信 息披露方面，有关责任人在职责履行方面存在以下违规行为。 -1- ──────────────────────── （一）公司 2023 年年度业绩预告披露不准确 2024 年 1 月 31 日，公司披露 2023 年年度业绩预增公告， 预计公司 2023 年实现归属于上市公司股东的净利润（以下简称 归母净利润）为 320 万元至 450 万元，归属于上市公司股东的扣 除非经常性损益后的净利润（以下简称扣非后净利润）为 320 万 元至 450 万元，2023 年期末净资产 8,430 万元至 9,130 万元。公 司预计 2023 年度归母净利润与上年同期相比，将实现扭亏为盈。 2024 年 4 月 30 日，公司披露 2023 年年度报告，公司 2023 年度 实现归母净利润-387.52 万元，实现扣非后净利润-413.39 万元， 2023 年度末净资产为 6,517.69 万元。 公司年度业绩是投资者 ...

烟台园城黄金股份有限公司发行的股票（证券简称为"退市园城"，证券代码为"600766"）已被本所 决定终止上市，退市整理期于2024年6月26日届满，本所于2024年7月3日对其予以摘牌。 特此公告。 关于烟台园城黄金股份有限公司股票摘牌的公告 上海证券交易所 二〇二四年六月二十六日 2024-06-26 上证公告（公司股票摘牌）【2024】038号 ...

股票终止上市暨摘牌的公告 证券代码：600766 证券简称：退市园城 公告编号：2024-051 烟台园城黄金股份有限公司 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： 证券停复牌情况：适用 因公司股票终止上市,本公司的相关证券停复牌情况如下： | 证券代码 | 证券简称 | 停复牌类型 | | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600766 | 退市园城 | A 股 | 停牌 | 2024/6/27 | | | | ●公司股票于2024年6月5日进入退市整理期，截至2024年6月26日公司股票已在退 市整理期交易满 15个交易日，退市整理期已结束。 ●公司股票将于2024 年7月3日被上海证券交易所终止上市暨摘牌。 ●是否进入退市板块挂牌：是。 ●主办券商：中天国富证券有限公司。 ●根据相关规定，终止上市后公司股票将进入全国中小企业股份转让系统挂牌转 让，关于终止上市后公司股票办 ...

上海证券交易所 纪律处分决定书 〔2024〕115 号 ──────────────────────── 一、上市公司及相关主体违规情况 经查明，烟台园城黄金股份有限公司（以下简称退市园城或 公司）在信息披露方面，有关责任人在职责履行方面存在以下违 规行为。 （一）公司 2023 年年度业绩预告披露不准确 关于对烟台园城黄金股份有限公司及有关 责任人予以公开谴责的决定 当事人： 烟台园城黄金股份有限公司，A 股证券简称：退市园城，A 股证券代码：600766； 牟赛英，烟台园城黄金股份有限公司时任董事长； 潘海华，烟台园城黄金股份有限公司时任财务总监； 张 鑫，烟台园城黄金股份有限公司时任董事会秘书。 -1- -3- 2024 年 1 月 31 日，公司披露 2023 年年度业绩预增公告， 预计公司 2023 年实现归属于上市公司股东的净利润（以下简称 归母净利润）为 320 万元至 450 万元，归属于上市公司股东的扣 除非经常性损益后的净利润（以下简称扣非后净利润）为 320 万 元至 450 万元，2023 年期末净资产 8,430 万元至 9,130 万元。公 司预计 2023 年度归母净利润与上年同 ...

证券代码：600766 证券简称：退市园城 公告编号：2024-050 烟台园城黄金股份有限公司 关于公司股票进入退市整理期交易的第七次风险提示公告 公司及董事会全体成员保证公告内容不存在虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 重要内容提示： ●公司股票进入退市整理期的起始日为2024年6月5日；预计最后交易日期为2024 年6月26日。 ●退市整理期届满后5个交易日内，上海证券交易所将对公司股票予以摘牌,公司 股票终止上市。 ●公司股票将在退市整理期交易15个交易日，截至2024年6月25日已交易14个交易 日，剩余1个交易日，交易期满将被终止上市。敬请投资者审慎投资、注意风险。 ●公司股票在退市整理期交易期间，公司将不筹划或实施重大资产重组事项。 ●特别提示：公司提请广大投资者或托管券商等市场主体在股票终止上市暨摘牌 前及时了结股票质押式回购、约定购回、融资融券、转融通、沪股通等业务。 ●对于自股票终止上市暨摘牌后至进入退市板块办理股份登记、挂牌期间到期的 司法冻结业务，建议有权机关在股票终止上市日前通过原协助执行渠道提前办理续 冻手续。 烟台园城黄金股份有限 ...