作 者丨尹华禄 编 辑丨陈思颖 图源丨摄图网 随着国际金价站上3 2 0 0美元/盎司关口，国内金饰价格也升至历史高位。 4月11日，周生生足金饰品价格达到9 9 1元/克，周大福足金、周六福足金9 9 9的饰品价 格均为9 9 0元/克， 周六福足金9 9 9 . 9价格则达到1 0 1 0元/克 。金投网显示，今年1月2 日，周生生每克黄金报价8 0 3元，据此计算，金饰涨价超2 0 0元/克。 值得一提的是，现货黄金和COMEX黄金于4月7日均一度跌破3 0 0 0美元关口。当时，周生生 足金饰品标价为9 1 2元/克，短短四日内累计涨近8 0元。 | N 足铂999 | IVIV 406 | | --- | --- | | 企业礼金条 | 980 | | 投资金条 | 866 | 黄金概念股和相关ETF均表现不俗。 4月11日上午收盘，黄金板块集体走高，四川黄金涨停，赤峰黄金、西部黄金、湖南黄金等跟 涨。截至1 4 : 1 8，以上个股涨幅有所收窄。 | 四川黄金 | 25.88 | 7.83% | 1.88 | | --- | --- | --- | --- | | 001337.SZ | | | ...

Core Viewpoint - The article highlights the surge in gold prices driven by rising global market panic and increased demand for safe-haven assets, with gold reaching historical highs. Group 1: Gold Price Surge - On April 11, spot gold prices surpassed $3,200 per ounce, setting a new historical high, while COMEX gold futures touched $3,240 per ounce [2] - Gold-related ETFs saw significant gains, with multiple ETFs rising over 3%, and gold stock ETFs increasing by more than 9% [3][4] - Domestic gold jewelry prices are approaching 1,000 yuan per gram, with notable increases in prices over a short period [8][11] Group 2: Institutional Predictions - Institutions have raised their gold price forecasts significantly, with Citigroup predicting prices could reach $3,500 per ounce by year-end due to increased demand amid fears of U.S. economic downturns [15] - Goldman Sachs has adjusted its 2025 gold price forecast from $3,100 to $3,300 per ounce, citing stronger-than-expected ETF inflows and ongoing central bank demand [15] - Analysts from Morgan Stanley and Bank of America have also revised their predictions, with Bank of America suggesting a potential target of $3,500 per ounce if investment demand increases by 10% [15][16] Group 3: Central Bank Actions - The People's Bank of China has increased its gold reserves to 7,370 million ounces as of the end of March, marking the fifth consecutive month of gold accumulation [17] - This trend indicates a significant signal regarding the global monetary system's restructuring amid U.S.-China tensions, with gold remaining a critical asset for central banks [17] Group 4: Market Risks - The Shanghai Gold Exchange issued a warning regarding market risks due to the volatility in precious metal prices, urging investors to manage their positions carefully [20][21]

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>>> ...

Core Viewpoint - The overseas market indices, particularly ETFs related to the Nasdaq, have shown strong performance following a significant rise in the US stock market, with gold stock ETFs standing out with notable gains [1] Group 1: ETF Performance - Nine related ETFs, including the Nasdaq index ETF, achieved a limit-up in half a day, indicating strong investor interest [1] - Gold stock ETFs, including the Gold Stock ETF (517400), saw a half-day increase of 6.42%, with five gold stock ETFs rising over 5.5% [1][2] - The Gold Stock ETF (517520) has a substantial scale of 2.699 billion shares, reflecting a year-to-date increase of 114.9 million shares [2][3] Group 2: Market Trends and Valuation - A-share gold stock valuations have been declining since early 2020, with the dynamic PE (TTM) dropping from 50 times to 25 times currently [3] - The average gold price is expected to rise significantly in 2025 compared to 2024, supporting the outlook for gold companies [3] - Continuous high profits and improving balance sheets for gold companies suggest a stable performance outlook in the future [3] Group 3: Index Composition - The CSI Hong Kong and Shanghai Gold Industry Stock Index includes 50 large-cap companies involved in gold mining, refining, and sales, reflecting the overall performance of the gold industry in A-share and Hong Kong markets [4] - The index was established on October 17, 2017, with a base date of December 31, 2014 [4] Group 4: Major Holdings - The top holdings in the CSI Gold Industry Index include Shandong Gold (12.06% weight), Zijin Mining (10.51%), and Zhongjin Gold (9.38%), indicating a concentration in the gold mining sector [5][6]

Core Viewpoint - The enthusiasm for A-share companies to list in Hong Kong continues to rise, with many companies queuing for IPO applications and several already making progress in their listings [1][3][9] Group 1: A-Share Companies Listing in Hong Kong - Chifeng Jilong Gold became the first "A+H" listed company of 2025, with 2.365 billion shares offered at HKD 13.72 each [2] - As of April 8, 2024, 14 A-share companies have submitted applications for Hong Kong IPOs, including major firms like CATL, Hengrui Medicine, and Haitian Flavoring [3][4] - More than 10 A-share companies are planning to issue H-shares, with notable examples including Zhaowei Electromechanical and Dongpeng Beverage [4] Group 2: Market Trends and Analysis - The current "A+H" listing trend began around the 2024 "924 market," driven by a recovery in the Hong Kong market [2] - As of April 8, 2024, there are 151 "A+H" stocks in the Hong Kong market, including major financial institutions and leading manufacturing companies [3] - Deloitte's analysis indicates that the first quarter of 2025 will see a significant number of new listings in Hong Kong, primarily from the consumer and manufacturing sectors [7][8] Group 3: Regulatory and Market Support - The Hong Kong Stock Exchange has optimized the IPO application process, particularly for A-share companies, allowing for expedited approvals [8][9] - A-share companies with a market capitalization over HKD 10 billion can benefit from a "one round inquiry + 30 days approval" fast track, significantly reducing approval times [8][10] - The supportive policies from both the Hong Kong Stock Exchange and the China Securities Regulatory Commission have facilitated the trend of A-share companies seeking listings in Hong Kong [10]

Domestic Financial Market - The Ministry of Foreign Affairs emphasizes China's commitment to true multilateralism and the protection of the multilateral trading system centered around the WTO [4] - The Ministry of Commerce held a roundtable meeting with representatives from over 20 US-funded enterprises [4] - The Ministry of Industry and Information Technology hosted a seminar on AI terminal benchmarks and intelligent classification [4] Industry Updates - As of the end of March, China's gold reserves reached 73.7 million ounces, with the central bank expanding its reserves for five consecutive months, impacting related stocks such as Zijin Mining and Chifeng Jilong Gold [5] - The first cross-provincial and cross-border freight station in the country has been officially launched, reducing costs by approximately 30%, affecting stocks like Baoshai Technology and SF Holding [5] - Display panel manufacturers maintained a capacity utilization rate above 80% in Q1 2025, influencing stocks such as BOE Technology Group and TCL Technology [5] Company Focus - Lianhua Holdings reported a significant increase in product sales and revenue in Q1 2025, with net profit expected to grow by 103% to 144% year-on-year [6] - Beijing-Shanghai High-Speed Railway signed a strategic cooperation framework agreement with the China Railway Economic Planning Research Institute [6] - Huaneng Hydropower achieved a power generation of 21.292 billion kWh in Q1 2025, a year-on-year increase of 31.22%, with grid-connected power reaching 21.104 billion kWh, up 31.42% year-on-year [6] - Heng Rui Medicine licensed its self-developed SHR7280 project to Merck KGaA, which will pay an upfront fee of €15 million [6] Market Review and Outlook - On April 7, the Shanghai and Shenzhen markets opened significantly lower due to US tariff policies and declines in external markets, with the Shanghai Composite Index closing down 7.34% at 3096 points and the ChiNext Index dropping 12.5%, marking its largest single-day decline [7] - The market faced accelerated declines due to sudden trade conflicts, but technical analysis suggests that the market may rebound after filling previous gaps [8] - The A-share market remains in a low valuation zone, with the manufacturing PMI returning above the growth line, and expectations for more favorable policies to be introduced [8]

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 ...

Investment Rating - The report maintains a "Recommended" rating for several companies in the non-ferrous metals sector, including Zijin Mining, Luoyang Molybdenum, and Huayou Cobalt [5][6]. Core Viewpoints - The "reciprocal tariff" policy announced by the Trump administration has significantly increased global trade costs, leading to a substantial adjustment in commodity prices. However, domestic demand resilience is expected to offset external risks and support industrial metal prices [2][4]. - The report highlights that the domestic manufacturing PMI for March remained in the expansion zone at 50.5%, indicating strong internal demand that may cushion the impact of external pressures [2]. - Supply constraints in copper due to protests blocking access to key mining operations have exacerbated supply tightness, while domestic copper cable manufacturers have seen an increase in operating rates [2][3]. Summary by Sections Industrial Metals - The report notes significant price declines for industrial metals, with LME aluminum, copper, zinc, lead, nickel, and tin prices changing by -6.37%, -11.18%, -6.37%, -5.49%, -10.73%, and -2.48% respectively [1][12]. - The SMM copper concentrate import index reported a decrease of 2.26 USD/ton, reflecting ongoing supply tightness due to protests affecting key mining routes [2][39]. - The report recommends companies such as Luoyang Molybdenum, Zijin Mining, and Western Mining based on their performance and market conditions [2][5]. Energy Metals - Cobalt prices are expected to remain strong due to ongoing supply constraints from the Democratic Republic of Congo's export ban, while lithium prices have seen a decline amid stable downstream demand [3][84]. - Nickel prices are projected to continue rising due to tight supply conditions, despite some fluctuations in demand from the stainless steel sector [3][56]. Precious Metals - The report expresses optimism for precious metal prices, particularly gold, which has seen a rise due to increased safe-haven demand amid geopolitical tensions and inflation concerns [4][67]. - Silver prices are under pressure in the short term but are expected to rebound once economic conditions stabilize [4][67]. Company Earnings Forecasts - The report provides earnings forecasts and valuations for key companies, with EPS estimates for 2024E to 2026E showing growth for companies like Zijin Mining and Huayou Cobalt, with PE ratios indicating favorable valuations [5][6].

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。 ...

作 者丨吴斌，叶麦穗 编 辑丨和佳，江佩佩 国际金价高位调整！ #金饰价格2天大跌3 2元# #金价连续跳水#等话题，冲上热搜！ 金饰大跳水！一夜大跌2 2元 当地时间4月4日，黄金大幅收跌，现货黄金跌2 . 4 7%，报3 0 3 7 . 3 1美元/盎司；COMEX黄金期货跌2 . 1%，报3 0 5 6 . 1美元/盎司。 周生生足金饰品标价9 2 6元/克， 较前一日9 4 8元/克的价格下跌2 2元/克，2天跌3 2元/克 。老庙黄金足金饰品标价9 3 1元/克，较前一 日9 4 6元/克的价格下跌1 5元/克，2天跌3 0元/克。周大福足金饰品标价9 3 2元/克，较前一日下跌2 0元/克。 | | | 最後更新时间: 2025-04-06 08:05:09 | | --- | --- | --- | | | | 金价(人民币) | | 足金饰品(每克) | 卖出 | ¥926 | | | 换金价 | ¥807 | | | 换珠宝价 | ¥807 | | 950铂金饰品 (每克 ) | 卖出 | ま383 | | | 换金价 | ま308 | | 生生金宝(每克 ) | 卖出 | 末813 | 排 ...