证券代码：601069 证券简称：西部黄金 公告编号：2025-044 二、董事会会议审议情况 1. 《关于取消公司监事会并修订<公司章程>的议案》 西部黄金股份有限公司 第五届董事会第十八次会议决议公告 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。 一、董事会会议召开情况 西部黄金股份有限公司（以下简称"公司"）于 2025 年 7 月 21 日以直接送 达和电子邮件方式向全体董事、监事、高级管理人员发出第五届董事会第十八次 会议的通知，并于 2025 年 7 月 22 日以现场和通讯表决相结合的方式在公司十三 楼会议室召开。会议由董事长唐向阳先生主持，应参会董事 9 名，实际参会董事 9 名（其中：以通讯表决方式出席会议 4 人），公司全体董事在充分了解会议内 容的基础上参加了表决。公司监事和高级管理人员列席了会议，会议的召集与召 开符合《公司法》和《公司章程》的有关规定，会议所作决议合法有效。 公司董事会提名委员会已对董事候选人任职资格进行审核，独立董事对本事 项发表了同意的独立意见。 表决结果：同意 9 票，反对 0 ...

Core Viewpoint - The article highlights the significant rise in gold prices, with spot gold surpassing $3,400 per ounce, and discusses the positive performance of gold companies in the first half of the year due to this price increase [1][3][8]. Group 1: Gold Price Movement - On the evening of the 21st, spot gold surged over 1.5%, returning above $3,400 per ounce [1]. - COMEX futures gold rose by 1.6%, reaching $3,412 per ounce, while spot silver increased by 2% to $38.939 per ounce [3]. - However, on the morning of the 22nd, spot gold experienced a decline, trading at $3,386.600 per ounce [5]. Group 2: Performance of Gold Companies - Compared to the beginning of the year, international gold futures prices have increased by approximately 28%, leading to impressive performance from gold companies in the first half of the year [8]. - Western Gold expects a net profit attributable to shareholders of the parent company for the first half of 2025 to be between 130 million to 160 million yuan, an increase of 96.35% to 141.66% year-on-year [10]. - Shandong Gold anticipates a net profit of 2.55 billion to 3.05 billion yuan for the first half of 2025, reflecting a year-on-year increase of 84.3% to 120.5% [10]. - Zhongjin Gold projects a net profit of 2.614 billion to 2.875 billion yuan for the first half of this year, representing a year-on-year increase of 50% to 65% [10]. - Hunan Gold expects a net profit of 613 million to 701 million yuan for the first half of this year, a year-on-year increase of 40% to 60% [11]. - Chifeng Gold anticipates a net profit of 1.08 billion to 1.13 billion yuan for the first half of 2025, an increase of 52.01% to 59.04% year-on-year [11]. Group 3: Central Bank Gold Purchases - The article notes a continued trend of central banks purchasing gold, with China's gold reserves reaching 73.9 million ounces (approximately 2,298.55 tons) by the end of June 2025, marking a net increase for eight consecutive months [13]. - In 2024, global central bank net gold purchases reached 1,136 tons, the second-highest on record, with China, Poland, and Turkey being the top three buyers in the first quarter of 2025, accounting for over 50% of purchases [15]. - The article discusses the strategic reasons behind central banks increasing gold holdings, including optimizing foreign exchange reserve structures and enhancing the international role of the renminbi [15][16].

Group 1 - The core viewpoint of the news highlights a strong performance in the non-ferrous metal sector, with the Zhongzheng Subdivision Non-Ferrous Metal Industry Theme Index (000811) rising by 1.88% as of July 22, 2025 [1] - Notable individual stocks include Yahua Group (002497) up by 9.99%, Western Gold (601069) up by 8.97%, and Steel Research High-Tech (300034) up by 6.96% [1] - The Non-Ferrous 50 ETF (159652) has seen a 2.00% increase, marking its fourth consecutive rise, with a latest price of 1.07 yuan [1] Group 2 - The Non-Ferrous 50 ETF has experienced a significant increase in trading activity, with a turnover rate of 19.5% and a transaction volume of 56.2392 million yuan, indicating active market participation [1] - Over the past week, the Non-Ferrous 50 ETF has accumulated a rise of 4.16% [1] - The fund has seen a net subscription of 31 million shares, reflecting strong investor interest [4] Group 3 - Recent policy changes regarding lithium mining in China have introduced stricter management and approval requirements, impacting local mining operations [5] - The Ministry of Industry and Information Technology is set to release a growth stabilization plan for key industries, including non-ferrous metals, which aims to optimize supply and eliminate outdated production capacity [6] - Gold prices have surged, with COMEX gold futures reaching 3,410.3 USD per ounce, driven by rising risk aversion ahead of tariff deadlines [6]

Core Viewpoint - The company has completed the repurchase and cancellation of shares as a result of unmet performance commitments by its subsidiaries, leading to a reduction in total share capital and adjustments in share distribution [1][2][3]. Summary by Sections Repurchase and Cancellation Details - The company repurchased 6,682,313 shares from Xinjiang Nonferrous Metals Industry Group and Yang Shengrong at a total price of 1 RMB, which will be canceled [2][3]. - Following the repurchase, the total share capital of the company will change to 910,999,123 shares [2][4]. Performance Commitment Agreement - According to the performance commitment agreement, the subsidiaries were required to achieve a cumulative net profit of at least 331.3 million RMB for the years 2022 to 2024, which they failed to meet [3]. - As a result, Xinjiang Nonferrous and Yang Shengrong are obligated to compensate the company with shares, specifically 4,343,503 shares and 2,338,810 shares respectively [3]. Approval and Implementation - The repurchase plan was approved in meetings held on April 1, 2025, and subsequent shareholder meetings [2][4]. - The shares were officially transferred to the company's repurchase account as confirmed by the China Securities Depository and Clearing Corporation on July 18, 2025 [3][4]. Impact on Company Structure - The repurchase and cancellation of shares will not significantly affect the company's normal operations, financial status, or future development [4]. - The shareholding structure remains compliant with listing requirements, and there will be no change in control of the company [4]. Share Distribution Changes - The share distribution before and after the repurchase is detailed, showing a reduction in the total number of shares from 917,681,436 to 910,999,123 [4]. - The proportion of restricted shares will decrease from 25.47% to 24.92%, while unrestricted shares will increase from 74.53% to 75.08% [4].

证券代码：601069 证券简称：西部黄金 公告编号：2025-043 西部黄金股份有限公司 关于回购注销业绩补偿股份实施结果 暨股份变动的公告 根据《业绩承诺补偿协议》，新疆有色、杨生荣承诺，科邦锰业、百源丰于 2022 年、2023 年、2024 年实现的合计税后净利润分别不低于人民币 33,130 万元、 26,206 万元、30,805 万元。若科邦锰业、百源丰经审计的 2022-2024年度净利 润低于三年累计承诺净利润，则新疆有色、杨生荣应按照协议中约定的补偿方式 给予公司补偿。根据大信会计师事务所（特殊普通合伙）2025年4月1日出具的大 信专审字[2025]第 12-00019 号审计报告，科邦锰业和百源净利润业绩承诺未完 成，新疆有色和杨生荣分别应补偿公司4,343,503 股和2,338,810 股，公司以1 元总价向新疆有色、杨生荣定向回购应补偿的股份数量，并依法予以注销。 二、回购实施情况 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。 重要内容提示： 根据西部黄金股份有限公司（以下简称"西部黄金" ...

Group 1 - A total of 1540 A-share listed companies disclosed their performance forecasts for the first half of 2025, with 674 companies expecting positive results, indicating a clear performance divergence [1] - The rise in prices of non-ferrous metals and chemical products has significantly boosted the performance of certain industry-listed companies [1] - In the rare earth sector, it is expected that the net profit attributable to shareholders for the first half of 2025 will be between 136 million yuan and 176 million yuan, marking a turnaround from losses [1] Group 2 - Northern Rare Earth anticipates a net profit attributable to shareholders of 900 million to 960 million yuan for the first half of 2025, representing a year-on-year increase of 1882.54% to 2014.71% [1] - Guangsheng Nonferrous Metals expects a net profit of 70 million to 85 million yuan, also indicating a turnaround from losses [1] - In the gold industry, companies are experiencing strong performance due to rising gold prices, with Shandong Gold forecasting a net profit of 2.55 billion to 3.05 billion yuan, an increase of 84.3% to 120.5% year-on-year [3] Group 3 - The semiconductor industry is benefiting from strong demand for chips and hardware, with companies like Lanke Technology projecting revenue of approximately 2.633 billion yuan, a year-on-year increase of about 58.17% [3] - Lanke Technology also expects a net profit of 1.1 billion to 1.2 billion yuan, reflecting a year-on-year growth of 85.50% to 102.36% [3] - In contrast, around 200 companies are expected to report significant declines in performance, particularly in the chemical sector, which is affected by market price fluctuations [3]

Core Viewpoint - The surge in gold prices has led to significant profit increases for gold mining companies, with all eight listed companies reporting over 50% year-on-year profit growth in the first half of the year [2][4]. Group 1: Performance of Gold Mining Companies - Eight gold mining companies have disclosed their performance forecasts, with net profits collectively expected to reach between 31.76 billion to 32.81 billion yuan, all showing a year-on-year increase [2]. - Major companies like Zijin Mining are expected to report a net profit of 23.2 billion yuan, a 54% increase compared to the previous year, surpassing their total profit for 2023 in just the first half [2][3]. - China National Gold and Shandong Gold are also expected to report substantial profit increases, with Shandong Gold's net profit forecasted to rise by 84.3% to 120.5% [3][4]. Group 2: Market Dynamics and Price Fluctuations - Gold prices have reached new highs, with London gold peaking at 3,500 USD per ounce, reflecting a year-to-date increase of approximately 26% [2]. - Despite strong earnings, gold mining stocks have shown signs of weakness in the secondary market, with several stocks experiencing declines in the past month [9]. - The correlation between gold prices and mining stock prices remains strong in the short term, but long-term performance will depend on resource reserves, cost control, and acquisition capabilities [9][10]. Group 3: Future Outlook - The industry anticipates continued production increases among gold mining companies, driven by high gold prices [5]. - Analysts suggest that while gold and gold stocks have potential for further upward movement, external factors such as U.S. tariff uncertainties and rising deficits may impact future price dynamics [10].

Market Overview - The three major stock indices in China collectively rose, with the Shanghai Composite Index closing at 3516.83 points, up 0.37% [1] - The Shenzhen Component Index closed at 10873.62 points, up 1.43% [1] - The ChiNext Index closed at 2269.33 points, up 1.76% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.54 trillion yuan, an increase of 97.3 billion yuan compared to the previous trading day [1] Sector Performance - The electronic components sector led the gains, with companies like Mankun Technology hitting the daily limit of 20% increase, and Shengyi Electronics rising over 13% [4] - The CPO concept showed strong performance throughout the day, while the military equipment sector was also active, with companies like Zongheng Co. and Chenxi Aviation seeing significant increases [5][6] - Conversely, the precious metals sector experienced declines, with Shandong Gold dropping over 2% [7] Capital Flow - Main capital flows showed a net inflow into sectors such as electronics, computers, and communications, while there was a net outflow from public utilities, real estate, and coal sectors [8] - Specific stocks like Changshan Beiming and Runhe Software saw net inflows of 2 billion yuan and 925 million yuan, respectively [9] - On the outflow side, companies like China Electric Power and Sunshine Power faced sell-offs of 444 million yuan and 397 million yuan, respectively [10] Institutional Insights - Dongfang Securities noted that overseas liquidity remains volatile, with a short-term rebound in the US dollar, leading to limited domestic opportunities in July [12] - CITIC Securities highlighted that mid-year performance reports could drive market sentiment towards technology sectors [13] - Galaxy Securities mentioned that the large financial sector is entering a phase of rotation and adjustment [14]

刘庭宇表示，随着黄金股自身的成长性开始逐步体现，其未来表现值得期待。他解释道，国内金矿公司 的产量增长或将为相关公司带来除金价因素以外的业绩加成；同时，随着黄金开采成本的保持稳定，金 矿公司的业绩释放能力也或将得到进一步提升。 展望后市，刘庭宇认为，黄金和黄金股都具备进一步上行的空间。往后看，随着美国关税的不确定性以 及赤字率上行等因素进一步侵蚀美元和美债的信用，全球"去美元化"趋势将不断加剧；而中国、印度等 新兴市场央行的黄金储备占比显著低于全球平均水平，在此背景下，各市场参与方都更有动力持续增加 黄金资产的配置。（参与采写：实习生韩雅伦） 编辑：谈瑞 新华财经上海7月14日电（记者 魏雨田）7月14日，新华财经数据显示，多只黄金相关ETF基金呈现上 涨态势。其中，黄金股ETF（517520）上涨1.99%，黄金股票ETF（517400）上涨1.90%，华夏中证沪深 港黄金产业股票ETF（159562）上涨1.82%，华安中证沪深港黄金产业股票ETF（159321）则上涨 1.59%。 与此同时，多家金矿企业陆续发布2025年上半年业绩预告，均显示出利润大幅增长且超出市场预期的良 好态势。湖南黄金公告称，2 ...

Group 1 - The article discusses the recent market performance, indicating that the Shanghai Composite Index has stabilized around 3500 points, driven by policy expectations and potential government stimulus measures [1][2] - Analysts from Citigroup predict that the upcoming Politburo meeting will not revise the budget or increase government bond quotas, but will focus on implementing existing policies to support consumption and the real estate sector [1][2] - The article highlights that the real estate market has shown signs of recovery, with a potential for further gains in the coming weeks, based on historical trends of policy-driven market movements [3][5] Group 2 - The banking sector is expected to see an increase in dividend yields due to upcoming dividend distributions, which could enhance the attractiveness of bank stocks [7] - The article notes that the insurance sector is adjusting its investment strategies to favor high-dividend assets, which may impact the overall market dynamics [7] - The article mentions that the real estate index has risen by 9.69% since June 23, indicating a positive trend relative to the Shanghai Composite Index [3][5] Group 3 - The article outlines the upcoming key events in the financial calendar, including the Politburo meeting and FOMC meetings, which are expected to influence market sentiment and policy direction [2] - It emphasizes the importance of monitoring economic indicators and policy announcements as they could significantly impact market performance in the second half of the year [2][10] - The article suggests that sectors such as renewable energy, construction materials, and industrial metals are likely to benefit from current market trends and policy support [15][18]