以下文章来源于虎嗅APP ，作者柳柳 虎嗅APP . 从思考，到创造 将投中网设为"星标⭐"，第一时间收获最新推送 一个更低成本购金窗口。 作者丨柳柳 编辑丨苗正卿 来源丨虎嗅APP 政策红利打开低价购金窗口，一场千里淘金盛宴正在海南上演。 12月18日海南自贸港正式启动全岛封关，到今天已超过10天，多项相关政策，相继实现了首批业务 落地。海口海关数据显示，封关首周，海南新增外资备案企业1972家，同比增长2.3倍。 封关后，海南将以"零关税、低税率、简税制"为重点核心政策。政策指出，"零关税"政策主要包 括："一线"（国境线）全面放开：除极少数例外（如危害国家安全、生态环境等特殊物品），绝大多 数境外货物进入海南自贸港时，免征进口关税、进口环节增值税和消费税； 但人们还没来得及去定义，这场政策对各行各业来说，到底是一个怎样的想象空间。一股来自中产的 淘金热就迅速蔓延至海南的三亚与海口。 而紫金矿业、中国黄金、老凤祥等黄金企业也已纷纷布局海南，建设产业园或是区域总部。 一个更低成本的购金窗口 "二线"（海南与内地之间）有限监管：海南与内地之间的货物流动视为"进口"，需按规定补税，但对 岛内企业生产的货物加工增 ...

Group 1 - The Ministry of Finance announced that individuals selling residential properties purchased for more than two years will be exempt from value-added tax starting January 1, 2026 [1] - The National Development and Reform Commission (NDRC) released a plan to optimize the "Two New" policy for 2026, expanding support to various sectors including old community elevator installations and consumer goods replacement [2] - A special bond issuance of 625 billion yuan has been approved to support the "Two New" policy, aimed at boosting consumer demand during peak seasons [2] Group 2 - The Ministry of Commerce and eight other departments issued detailed guidelines for the 2026 vehicle replacement subsidy program, offering significant financial incentives for scrapping older vehicles [2] - China National Airlines announced a purchase agreement for 60 Airbus A320NEO aircraft, with a total catalog price of approximately 9.53 billion USD, to be delivered between 2028 and 2032 [4] - Zijin Mining expects a net profit increase of approximately 59%-62% for 2025, projecting a profit of around 51-52 billion yuan [4] Group 3 - Tianpu Co. announced a stock suspension for verification after a significant price increase of 718.39% from August 22 to December 30 [5] - Guotou Zhonglu plans to acquire 100% of China Electronic Engineering Design Institute for 6.026 billion yuan, with a premium of 147.4% over the asset's book value [6] - Shengxin Lithium Energy intends to acquire a 30% stake in Qicheng Mining for 2.08 billion yuan, which is developing a lithium mine with a production capacity of 3 million tons per year [6] Group 4 - Haoshi Electromechanical reported small-scale applications of its products in leading commercial aerospace companies, indicating potential for increased orders in the growing market [7] - Jinpan Technology signed a contract for an overseas data center project worth approximately 696 million yuan, which is expected to positively impact the company's long-term performance [8] - Salt Lake Co. plans to acquire a 51% stake in Wenkang Salt Lake for 4.605 billion yuan, aiming to enhance its competitive position in the lithium and potassium resource market [9] Group 5 - Zhaofeng Co. announced a 1.53 billion yuan investment in the industrialization of intelligent robots and high-end precision components for automotive smart driving [10] - Baiwei Storage's subsidiary plans to acquire shares in Niu Xin Semiconductor, focusing on high-speed interconnect technology and related solutions [10]

智通财经APP获悉，摩根士丹利发布研报称，紫金矿业(02899)2025年业绩预告大致符合预期。公司2025 年初步净利润为510亿至520亿元人民币，同比增长59-62%，相比之下，大摩预期为524亿元人民币。 2025年第四季隐含利润为132亿至142亿元人民币，低于第三季的146亿元人民币，主要因年终销售管理 费用上升。该行维持紫金"增持"评级，目标价46.1港元。 另外，紫金矿业2025年矿产金90吨(2024年73吨)，矿产铜109万公吨(2024年产量107万吨)，矿产银437吨 (2024年436吨)，碳酸锂2.5万吨(2024年2.61万吨)。至于2026年产能目标，分别是矿产金105吨、矿产铜 120万吨、矿产银520吨; 碳酸锂12万吨。 ...

摩根士丹利发表报告指，紫金矿业2025年业绩预告大致符合预期，初步净利润为510亿至520亿元，按年 增长59-62%，大摩预期为524亿元；第四季隐含利润为132亿至142亿元，低于第三季的146亿元，主要 因年终销售管理费用上升。 另外，紫金矿业2025年矿产金90吨(2024年73吨)，矿产铜109万公吨(2024年产量107万吨)，矿产银437吨 (2024年436吨)，碳酸锂2.5万吨(2024年2.61万吨)。至于2026年产能目标，分别是矿产金105吨、矿产铜 120万吨、矿产银520吨，碳酸锂12万吨。该行维持紫金矿业"增持"评级，目标价46.1港元。 ...

智通财经APP获悉，摩根士丹利发布研报称，紫金矿业(02899)2025年业绩预告大致符合预期。公司2025 年初步净利润为510亿至520亿元人民币，同比增长59-62%，相比之下，大摩预期为524亿元人民币。 2025年第四季隐含利润为132亿至142亿元人民币，低于第三季的146亿元人民币，主要因年终销售管理 费用上升。该行维持紫金"增持"评级，目标价46.1港元。 另外，紫金矿业2025年矿产金90吨(2024年73吨)，矿产铜109万公吨(2024年产量107万吨)，矿产银437吨 (2024年436吨)，碳酸锂2.5万吨(2024年2.61万吨)。至于2026年产能目标，分别是矿产金105吨、矿产铜 120万吨、矿产银520吨; 碳酸锂12万吨。 ...

Group 1 - The core viewpoint of the news highlights the performance of the non-ferrous metal industry, with the National Index for Non-Ferrous Metals (399395) rising by 0.72% and specific stocks like Guocheng Mining (000688) and Huayou Cobalt (603799) showing significant gains [1] - The COMEX gold futures increased by 0.2% to $4,352.3 per ounce, while spot gold rose by 0.17% to $4,338.83 per ounce, indicating a strong momentum in precious metals [1] - The article mentions a policy from the National Development and Reform Commission encouraging mergers and reorganizations in resource-constrained industries like alumina, which has led to a significant rise in alumina prices [1] Group 2 - The Non-Ferrous Metals ETF (159880) closely tracks the National Index for Non-Ferrous Metals, which includes 50 securities that reflect the overall performance of listed companies in the non-ferrous metal sector [2] - As of November 28, 2025, the top ten weighted stocks in the National Index for Non-Ferrous Metals account for 52.34% of the index, with companies like Zijin Mining (601899) and Luoyang Molybdenum (603993) being prominent [2]

融资融券数据显示，该股最新（12月30日）两融余额82.33亿元，其中，融资余额为81.69亿元，近5日融 资余额合计增加7.73亿元，增幅为10.45%。（数据宝） （文章来源：证券时报网） 紫金矿业股价出现异动，截至今日9时50分，股价大涨5.03%，成交1.03亿股，成交金额35.25亿元，换 手率为0.50%，公司发布的最新业绩预告显示，预计2025年实现净利润510.00亿元—520.00亿元，净利 润同比增长59.00%—62.00%。 资金面上看，紫金矿业近5日主力资金总体呈净流出状态，累计净流出5.04亿元，其中，上一交易日主 力资金全天净流出2.15亿元。 ...

公司提出2026年度主要矿产品产量计划，矿产金105吨、矿产铜120万吨、当量碳酸锂12万吨、矿产银 520吨。 本文源自：财华网 业绩预增主要原因是期内主要矿产品产量同比增加，其中矿产金约90吨(2024年度：73吨)、矿产铜(含卡 莫阿权益产量)约109万吨(2024年度：107万吨)、矿产银约437吨(2024年度：436吨)、当量碳酸锂(含藏格 矿业5-12月产量)约2.5万吨(2024年度：261吨)；及矿产金、矿产铜、矿产银销售价格同比上升。 【财华社讯】紫金矿业(02899.HK)AH股双双上涨，截至发稿，紫金矿业H股涨3.39%，报36.56港元。紫 金矿业(601899.SH)A股涨4.64%，报34.43元。消息面上，该公司公布，预计2025年度实现归属于上市公 司股东的净利润约510亿-520亿元(人民币,下同)，同比增加约59%-62%；归属于上市公司股东的扣除非 经常性损益的净利润约475亿-485亿元，同比增加约50%-53%。 ...

融资融券数据显示，该股最新(12月30日)两融余额82.33亿元，其中，融资余额为81.69亿元，近5日融资 余额合计增加7.73亿元，增幅为10.45%。注：本文系新闻报道，不构成投资建议，股市有风险，投资需 谨慎。 紫金矿业股价出现异动，截至今日9时50分，股价大涨5.03%，成交1.03亿股，成交金额35.25亿元，换 手率为0.50%，公司发布的最新业绩预告显示，预计2025年实现净利润510.00亿元—520.00亿元，净利 润同比增长59.00%—62.00%。 资金面上看，紫金矿业近5日主力资金总体呈净流出状态，累计净流出5.04亿元，其中，上一交易日主 力资金全天净流出2.15亿元。 ...

Core Viewpoint - The non-ferrous metal sector has shown strong performance, leading the market with a net inflow of 4.8 billion yuan on the last trading day of 2025, indicating positive investor sentiment towards this sector [1][6]. Group 1: Market Performance - The non-ferrous metal sector recorded a remarkable increase of over 92% in 2025, outperforming the second-ranked communication sector by 5.37 percentage points [6]. - The Huabao Non-Ferrous Metal ETF (159876) saw a price increase of over 2.5% during trading, reaching a new high since its listing [1]. - The Huabao ETF has attracted a net subscription of 2.4 million units, reflecting strong investor confidence in the non-ferrous metal sector [1]. Group 2: Investment Drivers - The strong performance of the non-ferrous metal sector is attributed to macroeconomic financial policies and structural changes in supply and demand, with a global easing of monetary policy and a weakening dollar leading to increased liquidity [2]. - Emerging demands in sectors such as AI and new energy, along with domestic policies aimed at regulating industry competition, have stimulated demand for non-ferrous metals [2]. - The current bull market is driven by new productive forces, integrating global energy transitions, technological revolutions, and industrial upgrades, with new energy, new materials, AI, and aerospace being key growth drivers [3]. Group 3: Investment Strategy - A diversified investment approach through the Huabao Non-Ferrous Metal ETF and its associated funds is recommended to capture the overall sector's performance while mitigating risks associated with individual metal investments [4].