沪指4月14日上涨0.76%，申万所属行业中，今日上涨的有29个，涨幅居前的行业为纺织服饰、煤炭， 涨幅分别为2.56%、2.50%。有色金属行业位居今日涨幅榜第三。跌幅居前的行业为家用电器、食品饮 料，跌幅分别为0.60%、0.36%。 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 600111 | 北方稀土 | -1.38 | 2.47 | -14373.64 | | 001337 | 四川黄金 | 0.49 | 18.17 | -12988.22 | | 600362 | 江西铜业 | 2.75 | 1.73 | -3361.21 | | 002466 | 天齐锂业 | 1.12 | 0.95 | -3096.59 | | 600255 | 鑫科材料 | 1.61 | 4.50 | -2660.37 | | 300224 | 正海磁材 | 1.03 | 3.28 | -2299.01 | | 000970 | 中科三环 | 1.26 | 1.99 | -2271.80 | | 600961 ...

Group 1 - The metal lead concept increased by 3.32%, ranking 10th among concept sectors, with 28 stocks rising, including Huayu Mining, Huaxi Nonferrous, and ST Shengtun hitting the daily limit [1] - Notable gainers in the lead sector included Chifeng Gold, Hunan Silver, and Luoping Zinc Electric, which rose by 7.35%, 7.30%, and 5.26% respectively [1] - The leading decliners were Wolong Real Estate and Western Mining, which fell by 1.04% and 0.92% respectively [1] Group 2 - The lead concept sector saw a net inflow of 1.179 billion yuan, with 20 stocks receiving net inflows, and 6 stocks attracting over 50 million yuan [2] - Zijin Mining led the net inflow with 322 million yuan, followed by Chifeng Gold, Huayu Mining, and Western Mining with net inflows of 188 million yuan, 150 million yuan, and 144 million yuan respectively [2] - The top stocks by net inflow ratio included Huaxi Nonferrous, ST Shengtun, and Sierte, with net inflow ratios of 22.04%, 19.77%, and 13.42% respectively [3] Group 3 - The trading performance of key stocks in the lead sector showed significant activity, with Huaxi Nonferrous and ST Shengtun achieving notable trading volumes and net inflow ratios [3][4] - Chifeng Gold and Hunan Silver also demonstrated strong trading performance with respective trading volumes of 187.92 million yuan and 4005.81 million yuan [4] - The overall market sentiment in the lead sector appears positive, as indicated by the substantial net inflows and rising stock prices [2][3]

Core Viewpoint - Zijin Mining reported strong financial results for Q1 2025, with significant increases in revenue and net profit, driven by improved production management and rising metal prices [1][2]. Financial Performance - Zijin Mining achieved operating revenue of 78.928 billion yuan, a year-on-year increase of 5.55% [1] - The net profit attributable to shareholders was 10.167 billion yuan, up 62.39% year-on-year [1] - The net profit after deducting non-recurring items was 9.881 billion yuan, reflecting a 58.76% increase year-on-year, marking a historical high for a single quarter [1] Production and Pricing - Gold production reached 19 tons, a 13% increase year-on-year, while copper production was 288,000 tons, up 9% [1] - The gross margin for gold was 60.86%, an increase of 9.54% year-on-year, and for copper, it was 61.14%, up 3.3% [1] - The price of gold was 641.51 yuan per gram, a 40.07% increase year-on-year, and copper was priced at 62,000 yuan per ton, a 16.69% increase [2] Market Trends - Gold prices surged to a historical high of $3,245.73 per ounce, up over 60% from $1,992.82 per ounce at the beginning of 2024 [2] - Copper prices also rose significantly, driven by potential U.S. tariffs and global supply chain effects, with prices exceeding $10,000 per ton [2] Investment Activity - Abu Dhabi Investment Authority increased its stake in Zijin Mining by 2.2263 million shares, becoming one of the top ten shareholders [2] - Gao Yi Asset Management also increased its holdings in Zijin Mining, adding 9 million shares and 7.6 million shares through two funds [3] - Zijin Mining's stock price has risen over 16% since the beginning of 2025, with a total market capitalization of 468.6 billion yuan as of April 14 [3]

4月9日抄底紫金矿业（601899）的资金，三个交易日便可以获得15%左右的收益。 截至4月14日收盘，紫金矿业A股涨幅达到2.8%，不仅收复了"4.7异动"后的全部失地，反而较近期股价 大幅下跌前有所上涨，公司总市值重返4500亿元以上。 实际上，紫金矿业近期股价颇具戏剧性。先是3月下旬公司董事长陈景河直言"市值管理做的不算很 好"，公司管理层利益会与股市绑定。 结果，不承想4月上旬外部关税政策突然变化，大宗商品、股票等风险资产价格大幅下跌，COMEX铜 更是短短三天便抹平了一季度所有涨幅，导致4月7日美股、A股和H股铜矿类上市公司出现动辄15%以 上的下跌。 当天，紫金矿业市值损失更是超450亿元。公司的反应也非常迅速，从做出股份回购决策到完成10亿元 规模的回购仅仅用时4天时间，二级市场的情绪迅速得到安抚。 直至上周末，在公司再次交出了盈利近102亿元的历史最佳一季报后，今日紫金矿业股价已经反弹至3月 末时的相对高位。 面对近期大幅增加的市场波动风险，紫金矿业火速完成回购、尽快披露业绩利好对冲，来稳定市场预期 的做法，无疑也值得其他上市公司借鉴。 火速回购10亿元，雪中送炭 较强的金融属性，使得国际铜价 ...

从估值层面来看，有色金属ETF基金跟踪的中证细分有色金属产业主题指数最新市盈率（PE-TTM）仅17.74倍，处于近1年11.07%的分位，即估值低于近1年 88.93%以上的时间，处于历史低位。 有色金属ETF基金紧密跟踪中证细分有色金属产业主题指数，指数前十大权重股分别为 紫金矿业 、 中国铝业 、 北方稀土 、洛阳钼业、山东黄金、 华友钴 业 、 中金黄金 、 赣锋锂业 、赤峰黄金、 云铝股份 ，前十大权重股合计占比50.63%。 | 股票代码 | 股票简称 | 涨跌幅 | 权庫 | | --- | --- | --- | --- | | 201899 | 紫美矿业 | 2.80% | 15.23% | | 601600 | 中国铝业 | 0.30% | 5.21% | | 600111 | 北方稀土 | -1.38% | 4.84% | | 603993 | 洛阳辑业 | 4.40% | 4.24% | | 600547 | 山东黄金 | 4.22% | 3.69% | | 603799 | 华友钻业 | 1.40% | 3.59% | | 002460 | 赣锋钟业 | 1.30% | 3.57% ...

资料显示，该指数系列样本每半年调整一次，样本调整实施时间分别为每年6月和12月第二个星期五的 下一交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个 定期调整日前，权重因子一般固定不变。特殊情况下将对该指数系列样本进行临时调整。当样本退市 时，将其从指数样本中剔除。样本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处 理。当中证沪港深互联互通综合指数和中证沪港深500指数样本发生变动时，将进行相应调整。 从指数持仓来看，中证沪港深互联互通上游指数十大权重分别为：紫金矿业（8.21%）、中国海洋石油 （7.92%）、中国神华（3.64%）、中国石油股份（3.06%）、中国神华（2.85%）、紫金矿业 （2.72%）、中国石油化工股份（2.55%）、中国石油（2.49%）、中国石化（2.36%）、陕西煤业 （2.15%）。 从中证沪港深互联互通上游指数持仓的市场板块来看，上海证券交易所占比50.31%、香港证券交易所 占比27.39%、深圳证券交易所占比22.29%。 从中证沪港深互联互通上游指数持仓样本的行业来看，石油与天然气占比22.99%、工业金属占比 18.8 ...

金融界4月14日消息，上证指数高开高走，沪深300金属与采矿指数 (300金属与采矿，L11606)报2338.48 点。 从沪深300金属与采矿指数持仓的市场板块来看，上海证券交易所占比82.34%、深圳证券交易所占比 17.66%。 从沪深300金属与采矿指数持仓样本的行业来看，贵金属占比44.88%、工业金属占比20.97%、稀有金属 占比18.85%、钢铁占比12.18%、其他非金属材料占比3.12%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。特殊情况下将对指数样本进行临时调整。当样本退市时，将其从指数样本中剔除。样本公司发 生收购、合并、分拆等情形的处理，参照计算与维护细则处理。当沪深300指数调整样本时，沪深300行 业指数样本随之进行相应调整。在样本有特殊事件发生，导致其行业归属发生变更时，将对沪深300行 业指数样本进行相应调整。 数据统计显示，沪深300金属与采矿指数近一个月下跌3.45%，近三个月上涨3.83%，年至今上涨 5.59%。 据了解，为反映沪深300指数样本中不同细分行业公司证券的整体表现，为投资者提供分析工具，将沪 ...

Investment Rating - The report maintains a "Strong Buy" rating for Zijin Mining [4] Core Views - The company achieved record high profits in Q1 2025, with revenue of 78.93 billion yuan, a year-on-year increase of 5.6% and a quarter-on-quarter increase of 7.8%. The net profit attributable to shareholders reached 10.167 billion yuan, up 62.4% year-on-year and 32.2% quarter-on-quarter [7] - The production of copper and gold increased, with copper output at 288,000 tons and gold output at 19 tons, representing year-on-year increases of 9.5% and 13.4%, respectively [7] - The report highlights a significant improvement in gross margins due to price increases for copper and gold, with Q1 2025 gross margins for copper and gold at 61.1% and 60.9%, respectively, reflecting increases of 3.3 and 9.5 percentage points year-on-year [7] Financial Data and Valuation - Total revenue projections for the company are as follows: 293.4 billion yuan in 2023, 303.6 billion yuan in 2024, and an estimated 376.2 billion yuan in 2025, representing a year-on-year growth of 9%, 3%, and 24% respectively [3] - The estimated net profit attributable to shareholders is projected to be 21.12 billion yuan in 2023, 32.05 billion yuan in 2024, and 40.96 billion yuan in 2025, with year-on-year growth rates of 5%, 52%, and 28% respectively [3] - The current price-to-earnings (PE) ratio is 21.6, with projections of 14.2 for 2024, 11.1 for 2025, and further declines to 8.3 by 2027, indicating a potential for valuation recovery [15] Price Assumptions - The report assumes copper prices at 77,305 yuan/ton and gold prices at 678 yuan/gram for 2025, reflecting increases from previous years [8] Shareholder Information - The major shareholder is Minxi Xinghang State-owned Assets Investment Management, holding a 22.89% stake in the company [4]

金十数据4月14日讯，4月14日，沪深两市全天成交额合计12774.73亿元，较上一日缩量711.92亿元。其 中，沪市成交额为5438.11亿元（上一交易日为5807.91亿元），成交量为4.71亿手（上一交易日为4.76亿 手）；深市成交额为7336.62亿元（上一交易日为7678.74亿元），成交量为6.3亿手（上一交易日为6.38 亿手）。立讯精密成交额居首，为115.06亿元。其次是紫金矿业、中国长城、赛力斯、寒武纪-U，成交 额分别为58.93亿元、57.47亿元、57.02亿元、55.42亿元。 沪深两市今日成交额合计12774.73亿元，立讯精密成交额居首 ...