格隆汇8月1日丨山金国际(000975.SZ)公布，截至2025年7月31日，公司累计通过股票回购专用证券账户 以集中竞价交易方式回购股份数量为1,558,129股，占公司总股本的0.06%，其中，最高成交价为19.45 元/股，最低成交价17.85元/股，成交总金额为29,094,184.430元（不含交易费用）。 ...

| 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交星 | 成交金额 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | (万元) | | | 2025-08-01 | 000975 | 山金国际 | 17.50 | 300.00 | 5,250.00长江证券股份有限 | 东北证券股份有限 | | | | | | | 公司上海都市路证 | 公司宁波分公司 | | | | | | | 券营业部 | | 8月1日，山金国际大宗交易成交300万股，成交额5250万元，占当日总成交额的18.35%，成交价17.5元，较市场收盘价18.01 元折价2.83%。 ...

证券之星消息，7月31日贵金属板块较上一交易日下跌2.53%，湖南白银领跌。当日上证指数报收于 3573.21，下跌1.18%。深证成指报收于11009.77，下跌1.73%。贵金属板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002716 | 湖南白银 | 4.47 | -4.08% | 125.25万 | 5.61亿 | | 000975 | 山金国际 | 17.91 | -3.14% | 30.28万 | 5.46 Z | | 002155 | 湖南黄金 | 17.77 | -3.11% | 55.97万 | 9.98 6 | | 600489 | 中全黄金 | 14.32 | -2.78% | 84.04万 | 12.09亿 | | 000506 | 招金黄金 | 10.00 | -2.34% | 28.86万 | 2.89亿 | | 600547 | 山东黄金 | 29.37 | -2.33% | 34.10万 | 10.01亿 | | 601069 | 西部黄 ...

最近三个交易日，28日-30日，山金国际分别获融资买入0.58亿元、0.30亿元、0.23亿元。 融券方面，当日融券卖出4.93万股，净卖出2.82万股。 7月30日，沪深两融数据显示，山金国际获融资买入额0.23亿元，居两市第1481位，当日融资偿还额0.39 亿元，净卖出1583.50万元。 来源：金融界 ...

证券之星消息，7月30日贵金属板块较上一交易日上涨0.29%，山金国际领涨。当日上证指数报收于3615.72，上涨0.17%。深证成指报收于 11203.03，下跌0.77%。贵金属板块个股涨跌见下表： | 代码 | Comments of the Collection - 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 000975 | 山金国际 | 18.49 | 0.71% | 25.89万 | 4.7910 | | 600547 | 山东黄金 | 30.07 | 0.57% | 29.51万 | 8.90 | | 600489 | 中全黄金 | 14.73 | 0.34% | 65.14万 | 9.62 | | 002155 | 湖南黄金 | 18.34 | 0.11% | 47.93万 | 8.88 | | 601069 | 西部賃金 | 19.47 | 0.10% | 13.69万 | 2.68 | | 000506 | 招金黄金 | 10.24 | 0.00% | 16.17万 | 1.66亿 ...

Core Viewpoint - Shandong Gold's subsidiary, Shanjin International, plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy and diversify financing channels [1][2]. Group 1: Company Overview - Shanjin International, formerly known as Yintai Gold, was established in 1999 and listed on the Shenzhen Stock Exchange in 2000. It became a subsidiary of Shandong Gold in 2023 after a significant acquisition [2]. - The company has a rich metal resource base, with exploration investments of 176 million yuan planned for 2024, resulting in new resource additions of 12.686 tons of gold, 95.716 tons of silver, 5,930 tons of lead, and 13,288 tons of zinc [3][5]. Group 2: Financial Performance - For the first half of 2025, Shanjin International expects a net profit between 1.54 billion and 1.64 billion yuan, representing a year-on-year growth of 43.24% to 52.55% [1][5]. - Shandong Gold, benefiting from Shanjin's performance, anticipates a net profit of 2.55 billion to 3.05 billion yuan for the same period, an increase of 11.7 billion to 16.7 billion yuan, translating to a growth of 84.3% to 120.5% year-on-year [5][6]. Group 3: Strategic Developments - Shanjin International is accelerating its international expansion, having successfully completed the acquisition of 100% of Osino Resources, adding 127.2 tons of gold resources and expected annual production of 5 tons [2]. - The company has also made further acquisitions in 2025, including a 52.0709% stake in Yunnan Western Mining, which holds exploration rights for gold in Yunnan province [4].

Core Viewpoint - Shanjin International Gold Co., Ltd. has announced its plan to list H-shares on the Hong Kong Stock Exchange to enhance its global strategy and optimize its capital structure [1][2]. Group 1: Company Strategy and Goals - The company aims to expand its global footprint and accelerate overseas business development by leveraging international capital market advantages [2]. - The acquisition of Osino's 100% equity has added 127.2 tons of gold resources, expected to yield an annual production of 5 tons of gold, significantly enhancing the company's asset scale and profit potential [2][3]. Group 2: Market Position and Performance - Shanjin International's operations have benefited from rising gold prices, leading to a projected net profit of between 1.54 billion to 1.64 billion yuan for the first half of the year, representing a year-on-year increase of 43.24% to 52.55% [4]. - The company is committed to a "resource-first" operational philosophy, focusing on resource expansion through stable development of existing mines, integration of surrounding mineral resources, and strategic overseas investments [4].

近年来，监管层接连出台多项政策措施，积极引导上市公司进行回购并注销，上市公司对股票回购的重视程度明显提升。 7月29日，A股市场量价齐升，沪指涨0.33%，深证成指涨0.64%，创业板指涨1.86%。 从板块上来看，光模块、医药方向领涨，CRO概念指数大涨6.37%，光模块概念指数涨5.36%，其他还有半导体、中药、水电等概念涨幅居前。传统板块 相对较弱，养殖、保险、银行等板块下跌。 年内合计回购金额近900亿元 近期在市场表现较好的情况下，上市公司继续积极参与回购，为市场提供新的增量资金来源。 30家公司回购金额上限均在10亿元及以上 从分行业来看，7月家用电器、基础化工、电子、医药生物四大行业上市公司回购最积极，合计回购金额均在10亿元以上。本月家用电器行业指数表现较 弱，上市公司以回购彰显长期发展信心。 回购增持贷款助力上市公司回购 去年10月，中国人民银行联合金融监管总局、中国证监会发布《关于设立股票回购增持再贷款有关事宜的通知》，该政策显著降低企业融资成本，鼓励上 市公司运用回购、增持等方式进行市值管理，增强资本市场内在稳定性。 统计显示，今年以来上市公司取得回购增持专项贷款金额上限达到919.17 ...

Group 1 - RuiLian New Materials plans to terminate the raw material project of Weinan RuiLian Pharmaceutical due to uncertainties in the construction timeline of the second phase [1] - HaiDa Group reported a net profit of 2.639 billion yuan for the first half of 2025, a year-on-year increase of 24.16% [1] Group 2 - JinCheng Pharmaceutical's subsidiary received the CEP certificate for Oseltamivir phosphate chemical raw material from the European Medicines Agency [2] - WenFeng Co. announced that 124 million shares held by shareholder Zheng SuZhen will be judicially auctioned [3] Group 3 - ShanJin International plans to issue H-shares and apply for listing on the Hong Kong Stock Exchange [5] - XiDian Pharmaceutical's shareholders plan to reduce their holdings by up to 3% of the company's total shares [7] Group 4 - ZhongTung High-Tech's subsidiary intends to purchase assets from Wukuang Tungsten Industry for 135 million yuan [9] - ZhongTung High-Tech's subsidiary plans to implement a 1.4 billion micro-drill intelligent manufacturing project with an estimated total investment of 178 million yuan [10] Group 5 - TianYi Co. has been selected as the first candidate for two procurement projects by China Mobile, with a total share of 160% [11] - GuangKu Technology is planning a major asset restructuring and has suspended trading of its stock [13] Group 6 - FaShiLong's controlling shareholder plans to transfer part of its shares, with the stock resuming trading [14] - TaiGe Pharmaceutical's shareholder plans to reduce holdings by up to 3 million shares [15] Group 7 - DaLian ShengYa's controlling shareholder is set to change, with the stock resuming trading [16] - JuRan Smart Home announced the passing of its actual controller and CEO, Wang LinPeng [18] Group 8 - JingQuanHua's shareholder plans to reduce holdings by up to 1% of the company's total shares [19] - JiangTe Electric's control change has progressed, with the stock resuming trading [21] Group 9 - AiWei Electronics plans to issue convertible bonds to raise up to 1.901 billion yuan for various projects [22] - ShangWei New Materials stated that its stock price has significantly deviated from its current fundamentals [22] Group 10 - JingHe Integrated plans to invest 1.195 billion yuan in Anhui Jingmei to support its layout in the photomask industry [23]

Investment Rating - The industry investment rating is maintained at "Overweight" [6][11]. Core Insights - The report highlights a seasonal increase in inventory and slight fluctuations in the prices of base metals, with a focus on the ongoing macroeconomic environment and its impact on supply and demand dynamics [6][11]. - The report suggests that the long-term supply-demand structure is being reshaped, indicating limited downside potential for base metal prices and encouraging investors to seek new entry points, particularly for rigid supply varieties like aluminum and copper [6][11]. Summary by Sections Market Overview - The report notes that the domestic industrial metal prices have shown slight fluctuations, with the non-ferrous metal index outperforming the market. The weekly price changes for LME copper, aluminum, lead, and zinc were 0.0%, -0.3%, 0.4%, and 0.2%, respectively, while SHFE prices were 1.1%, 1.2%, 0.8%, and 2.6% [6][20][21]. Macroeconomic Factors - The report tracks three macroeconomic factors: 1. China's June export value increased by 6% year-on-year, with total exports amounting to $325.2 billion [6][27]. 2. U.S. inflation showed an uptick, with the June CPI rising by 2.7% year-on-year [6][33]. 3. The European economic sentiment index continued to rise, with the Eurozone manufacturing PMI at 49.5 [6][36]. Base Metals Analysis - For electrolytic aluminum, the macro environment remains strong, but market sentiment has cooled, leading to a price retreat. The operating capacity of the electrolytic aluminum industry increased by 10,000 tons, reaching 43.975 million tons, with production at 843,400 tons, a slight increase of 0.02% [6][40][41]. - The report indicates that the aluminum processing sector's operating rate decreased by 0.1%, averaging 58.7% as of July 24, 2025 [6][43]. - In terms of inventory, domestic aluminum ingot inventory rose by 36,000 tons to 577,000 tons, while global inventory increased by 42,300 tons to 1.2921 million tons [6][43][44]. Profitability Metrics - The report states that the immediate profit per ton for the aluminum industry remains above 3,500 yuan, with the current spot aluminum price at 20,800 yuan per ton, reflecting a 0.19% increase [6][43].