4月14日，截至港股收盘，恒生指数上涨2.4%，报21417.4点。赤峰黄金（06693.HK）收报26.5港元/ 股，上涨22.12%，成交量5097.55万股，成交额12.31亿港元，振幅22.35%。 大事提醒 2025年4月9日，中信证券于2025-04-09减持2261万股，最新持股数目486.6万股，最新持股比例2.06% （以上内容为金融界基于公开消息，由程序或算法智能生成，不作为投资建议或交易依据。） 本文源自：金融界 作者：行情君 最近一个月来，赤峰黄金累计涨幅64.39%，今年来累计涨幅58.16%，跑赢恒生指数4.26%的涨幅。 财务数据显示，截至2024年12月31日，赤峰黄金实现营业总收入90.26亿元，同比增长24.99%；归母净 利润17.64亿元，同比增长119.46%；毛利率43.84%，资产负债率47.25%。 机构评级方面，目前暂无机构对该股做出投资评级建议。 行业估值方面，黄金及贵金属行业市盈率（TTM）平均值为23.15倍，行业中值17.45倍。赤峰黄金市盈 率21.64倍，行业排名第6位；其他龙资源（01712.HK）为5.68倍、紫金矿业（02899.HK）为11 ...

港股黄金股走强，赤峰黄金（600988）涨近15%，老铺黄金、洛阳钼业（603993）、山东黄金 （600547）、紫金矿业（601899）等均涨超5%。 黄金等避险资产一键开户买入>>> ...

赤峰吉隆黄金矿业股份有限公司 关于 H 股发行稳定价格行动及稳定价格期结束的 公告 证券代码：600988 证券简称：赤峰黄金 公告编号：2025-030 根据本次发行方案，公司同意由整体协调人（为其本身及代表国际承销商） 于2025年4月4日悉数行使超额配股权，按发售价每股H股股份13.72港元配发及发 行30,847,800股H股股份。前述超额配股权悉数行使后，本次发行的H股股份由 205,652,000股增加至236,499,800股。具体详见公司于2025年4月7日披露的《关于 悉数行使超额配股权的公告》（公告编号：2025-029）。 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。 经香港联合交易所有限公司（以下简称"香港联交所"）上市委员会批准， 赤峰吉隆黄金矿业股份有限公司（以下简称"公司"）发行的205,652,000股（行 使超额配股权之前）H股股份已于2025年3月10日在香港联交所主板挂牌并上市 交易（以下简称"本次发行"）。具体详见公司于2025年3月10日披露的《关于H 股挂牌并上市交易的公告》（公告 ...

证券代码：600988 证券简称：赤峰黄金 公告编号：2025-029 赤峰吉隆黄金矿业股份有限公司 关于悉数行使超额配股权的公告 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、准确性和完整性承担法律责任。 经香港联合交易所有限公司（以下简称"香港联交所"）上市委员会批准， 赤峰吉隆黄金矿业股份有限公司（以下简称"公司"）发行的205,652,000股（行 使超额配股权之前）H股股份已于2025年3月10日在香港联交所主板挂牌并上市 交易（以下简称"本次发行"）。公司H股股票中文简称为"赤峰黃金"，英文 简称为"CHIFENG GOLD"，股份代号为"6693"。具体详见公司于2025年3月 10日披露的《关于H股挂牌并上市交易的公告》（公告编号：2025-015）。 根据本次发行方案，公司同意由整体协调人（为其本身及代表国际承销商） 于2025年4月4日悉数行使超额配股权，按发售价每股H股股份13.72港元配发及发 行30,847,800股H股股份。前述超额配股权悉数行使后，本次发行的H股股份由 205,652,000股增加至236,499,800股。 ...

Investment Rating - The report maintains a "Buy" investment rating for the company [9] Core Views - The company is expected to see significant revenue growth in 2024, with total revenue projected at 9.026 billion yuan, representing a 25% increase year-on-year [11] - The net profit attributable to shareholders is forecasted to reach 1.764 billion yuan in 2024, reflecting a substantial growth of 119.5% compared to the previous year [11] - The report highlights a decrease in sales costs for gold mining operations, contributing to improved profitability [6][8] Summary by Sections Financial Performance - In 2024, the company achieved a total revenue of 9.026 billion yuan, up 24.99% year-on-year, and a net profit of 1.764 billion yuan, up 119.46% year-on-year [4] - The production and sales volume of gold increased by 5.60% and 4.88% respectively, while the production and sales of electrolytic copper and copper concentrate declined [5] Cost Management - The sales cost for gold in Q4 2024 was 269.18 yuan per gram, showing a decrease of 1.31% quarter-on-quarter [6] - The overall cost of gold mining operations decreased significantly, with a full cost of 270.06 yuan per gram, down 18.83% quarter-on-quarter [6] Cash Flow and Financial Health - The company reported a net cash flow from operating activities of 3.268 billion yuan, an increase of 48.36% year-on-year [8] - The asset-liability ratio improved from 54.36% in 2023 to 47.25% in 2024, indicating a reduction in debt levels [8] Earnings Forecast - Revenue projections for 2024-2026 are 11.105 billion yuan, 11.585 billion yuan, and 11.905 billion yuan respectively, with net profits expected to be 2.845 billion yuan, 3.218 billion yuan, and 3.455 billion yuan [9][11] - The report anticipates a continued decrease in the price-to-earnings (PE) ratio, with values of 14.6, 12.9, and 12.1 for the years 2024, 2025, and 2026 respectively [9]

Investment Rating - The report maintains a "Recommended" rating for the company [3][4]. Core Insights - The company reported a significant increase in revenue and net profit for 2024, with revenue reaching 9.03 billion yuan, a year-on-year growth of 25%, and net profit attributable to shareholders at 1.76 billion yuan, up 119.5% year-on-year [1][8]. - The fourth quarter of 2024 showed strong performance, with revenue of 2.80 billion yuan, a 29.9% increase year-on-year, and net profit of 660 million yuan, reflecting a 132.1% year-on-year growth [1][8]. - The increase in profits is attributed to rising prices and effective cost control, with gold production increasing by 5.6% to 15.16 tons in 2024 [2][25]. Summary by Sections Financial Performance - The company achieved a gross profit margin of 43.8% in 2024, an increase of 11.3 percentage points year-on-year, with overall gross profit rising by 68.2% [25][36]. - The company plans to distribute a cash dividend of 1.60 yuan per 10 shares for the 2024 fiscal year [18]. Production and Sales - The company’s gold production for 2024 was 15.16 tons, with a sales volume of 15.22 tons, reflecting a year-on-year increase of 5.64% and 4.89% respectively [28]. - The company plans to achieve a gold production of no less than 16.70 tons in 2025 [28]. Cost Management - The cost of gold production decreased by 0.76% year-on-year to 291.65 yuan per gram, while the cost of silver increased by 303.09% to 1.77 yuan per gram [33][34]. - The company maintained strict control over operating expenses, with total expenses accounting for 7.2% of revenue, a decrease of 1.9 percentage points year-on-year [53]. Future Outlook - The company expects continued growth in net profit for 2025-2027, with projected net profits of 2.92 billion yuan, 3.35 billion yuan, and 3.81 billion yuan respectively [3][4]. - The report anticipates that precious metal prices will continue to rise, supporting the company's profitability [3].

Investment Rating - The report maintains a "Recommended" rating for the company, with projected PE ratios of 15, 13, and 11 for the years 2025, 2026, and 2027 respectively [3][4]. Core Insights - The company reported a significant increase in revenue and net profit for 2024, with total revenue reaching 90.3 billion yuan, a year-on-year growth of 25%, and net profit attributable to shareholders at 17.6 billion yuan, up 119.5% [1][8]. - The increase in profits is attributed to rising prices and stable costs, with gold production increasing by 5.6% to 15.16 tons in 2024 [2][25]. - The company is advancing key projects that will enhance production capacity, including the Five Dragon Mining project and the Jilong Mining expansion [3][68]. Revenue and Profit Analysis - In Q4 2024, the company achieved revenue of 28.0 billion yuan, a year-on-year increase of 29.9% and a quarter-on-quarter increase of 38.3% [1][8]. - The gross profit margin for the mining sector improved to 44.98%, an increase of 10.93 percentage points year-on-year, with an overall net profit margin of 22.0%, up 9.94 percentage points [2][25]. Production and Sales Data - The company’s gold sales price increased by 20.32% to 524.28 yuan per gram, while silver sales price rose by 14.87% to 6.15 yuan per gram [2][31]. - The production of other metals showed varied results, with silver production down 40.95% but lead and zinc production increasing by 49.15% and 31.96% respectively [28][29]. Cost Management - The cost of gold production decreased by 0.76% to 278.1 yuan per gram, while the cost of silver increased slightly by 0.33% [2][33]. - The company effectively controlled its operating expenses, with total expenses accounting for 7.2% of revenue, a decrease of 1.9 percentage points year-on-year [53][60]. Cash Flow and Financial Health - The company reported a net cash inflow from operating activities of 32.68 billion yuan, an increase of 10.65 billion yuan year-on-year, indicating strong cash flow management [64][66]. - The asset-liability ratio improved to 47.25%, down 7.11 percentage points from the previous year, reflecting a reduction in overall debt levels [60][61]. Exploration and Future Projects - The company invested 68.54 million yuan in exploration activities in 2024, with significant drilling and exploration work completed across various mining sites [68]. - Plans for 2025 include further exploration to enhance resource levels and reserves, with a target of achieving a gold production of no less than 16.70 tons [28][68].

Investment Rating - The report maintains a "Strong Buy" investment rating for the company [4][7]. Core Views - The company is expected to achieve a revenue of 9.03 billion yuan in 2024, representing a year-on-year increase of 25.0%, and a net profit attributable to shareholders of 1.76 billion yuan, reflecting a 119.5% increase year-on-year [1][3]. - The company has set a shareholder return plan for the next three years, prioritizing cash dividends, with a commitment to distribute at least 45% of the cumulative distributable profits over the three years [7]. Financial Performance - In 2024, the company is projected to have a total revenue of 9.03 billion yuan, with a year-on-year growth of 25% [3]. - The net profit attributable to shareholders is expected to reach 1.76 billion yuan in 2024, marking a 119% increase compared to the previous year [3][14]. - The company’s earnings per share (EPS) is forecasted to be 0.94 yuan in 2024, with a PE ratio of 24.1 [3][14]. Production and Sales - The company anticipates gold production and sales of 15.16 tons and 15.22 tons respectively in 2024, with year-on-year increases of 5.6% and 4.9% [1][7]. - Domestic gold production is expected to be 3.91 tons in 2024, a 14.6% increase year-on-year, while overseas production is projected at 11.25 tons, a 2.0% increase [1][7]. Cost Management - The overall sales cost for gold in 2024 is projected to be 278 yuan per gram, a decrease of 2 yuan per gram year-on-year [7]. - The sales cost for domestic gold mines is expected to be 157 yuan per gram, an increase of 4 yuan per gram year-on-year [7]. Valuation Metrics - The report projects a PE ratio of 14.4 for 2025, decreasing to 11.7 by 2027, indicating a favorable valuation trend [3][14]. - The company's return on equity (ROE) is expected to be 25.1% in 2024, increasing to 31.6% in 2025 [14].

一、第一期员工持股计划基本情况 1. 公司于 2021 年 5 月 6 日召开的第七届董事会第三十八次会议、2021 年 5 月 26 日召开的 2021 年第一次临时股东大会分别审议通过《赤峰吉隆黄金矿业股 份有限公司第一期员工持股计划（修订稿）》及其摘要等议案。具体内容详见公 司于 2021 年 5 月 7 日、2021 年 5 月 27 日披露的相关公告。 赤峰吉隆黄金矿业股份有限公司 关于第一期员工持股计划股票出售完毕的公告 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、准确性和完整性承担法律责任。 赤峰吉隆黄金矿业股份有限公司（以下简称"公司"）第一期员工持股计划所 持有的公司股票已全部出售完毕。根据中国证监会《关于上市公司实施员工持股 计划试点的指导意见》《上海证券交易所上市公司自律监管指引第 1 号——规范 运作》及《赤峰吉隆黄金矿业股份有限公司第一期员工持股计划（三次修订稿）》 等相关规定，现将相关情况及后续安排公告如下： 证券代码：600988 证券简称：赤峰黄金 公告编号：2025-028 2. 公司作为委托人代表第一期员工持股计划与 ...

代 码 ： 赤峰吉隆黄金矿业股份有限公司 关于第一期员工持股计划股票出售完毕的公告 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、准确性和完整性承担法律责任。 证 券 简 称 ： 赤 赤峰吉隆黄金矿业股份有限公司（以下简称"公司"）第一期员工持股计划所 持有的公司股票已全部出售完毕。根据中国证监会《关于上市公司实施员工持股 计划试点的指导意见》《上海证券交易所上市公司自律监管指引第 1 号——规范 运作》及《赤峰吉隆黄金矿业股份有限公司第一期员工持股计划（三次修订稿）》 等相关规定，现将相关情况及后续安排公告如下： 公 告 编 2. 公司作为委托人代表第一期员工持股计划与管理人北京盘庚资本管理有 限公司、托管人国金证券股份有限公司签署了《《盘庚价值 2 号私募证券投资基金 基金合同》，设立"盘庚价值 2 号私募证券投资基金"以实施第一期员工持股计 划。具体内容详见公司于 2021 年 8 月 10 日披露的相关公告。 号 ： 3. 公司第一期员工持股计划股票来源为已回购的公司 A 股普通股股票。截 至 2021 年 8 月 17 日，"盘庚价值 2 号私 ...