证券代码：000975 证券简称：山金国际 公告编号：2024-062 山金国际黄金股份有限公司 关于拟续聘会计师事务所的公告 特别提示： 山金国际黄金股份有限公司（以下简称"公司"）本次续聘会计师事务所符 合财政部、国务院国资委、证监会印发的《国有企业、上市公司选聘会计师事务 所管理办法》（财会〔2023〕4号）的规定。 公司于2024年12月19日召开第九届董事会第九次会议，审议通过了《关于续 聘2024年度审计机构的议案》，拟续聘信永中和会计师事务所（特殊普通合伙） （以下简称"信永中和"）为公司2024年度审计机构，现将有关事项公告如下： 一、拟续聘会计师事务所的基本情况 （一）机构信息 1、基本信息 机构名称：信永中和会计师事务所（特殊普通合伙） 成立日期：2012年3月2日 组织形式：特殊普通合伙 注册地址：北京市东城区朝阳门北大街8号富华大厦A座8层 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 首席合伙人：谭小青先生 截止2023年12月31日，信永中和合伙人（股东）245人，注册会计师1,656人， 签署过证券服务业务审计报告的注册会计师人 ...

为充分利用金融衍生品市场，有效减少贵金属及有色金属现货市场价格波动 对山金国际黄金股份有限公司（以下简称"公司"）及子公司生产经营和贸易的 影响，保证经营业绩的相对稳定，公司全资子公司上海盛蔚矿业投资有限公司、 海南盛蔚贸易有限公司、宁波永盛融信国际贸易有限公司和控股子公司上海盛鸿 融信国际贸易有限公司及其子公司 YTSH SINGAPORE PTE.LTD.拟开展衍生品交易 业务，现将相关情况说明如下： 一、开展衍生品交易业务的内容 证券代码：000975 证券简称：山金国际 公告编号：2024-060 山金国际黄金股份有限公司 关于子公司开展衍生品交易业务的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 1、交易目的 为规避因价格和汇率波动对公司生产经营带来的影响和风险，确保公司经营 业绩的持续、稳定，公司子公司拟在遵守国家政策法规的前提下，开展衍生品交 易业务，进一步提升公司生产经营水平和抗风险能力。 2、交易品种及交易工具 公司子公司主要开展与公司主营业务相关、与公司产品同类的流动性较强的 交易品种。主要包括黄金、白银等贵金属和铅、锌、铜、铝、锡 ...

关于召开2025年第一次临时股东大会通知的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、召开会议基本情况 证券代码：000975 证券简称：山金国际 公告编号：2024-064 山金国际黄金股份有限公司 （一）本次股东大会是山金国际黄金股份有限公司（以下简称"公司"）2025 年第一次临时股东大会。 （六）会议的股权登记日：2025 年 1 月 8 日。 （七）出席对象： （二）本次股东大会经公司第九届董事会第九次会议决议召开，由公司董事 会召集举行。 （三）本次股东大会的召开符合有关法律、行政法规、部门规章、规范性文 件、深圳证券交易所业务规则和《公司章程》等规定。 （四）会议召开时间： 1、现场会议时间：2025 年 1 月 15 日（星期三）下午 14:30 开始，会期半天。 2、网络投票时间： 通过深圳证券交易所交易系统进行网络投票的具体时间为：2025 年 1 月 15 日上午 9:15—9:25，9:30—11:30，下午 13:00—15:00； 通过互联网投票系统（http://wltp.cninfo.com.cn）投票的具体时间为 ...

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 证券代码：000975 证券简称：山金国际 公告编号：2024-063 山金国际黄金股份有限公司 关于全资子公司减少注册资本的公告 山金国际黄金股份有限公司（以下简称"公司"、"山金国际"）于2024年 12月19日召开第九届董事会第九次会议，审议通过了《关于全资子公司减少注册 资本的议案》，具体内容如下： 一、本次全资子公司减少注册资本的概述 根据山金国际层级压减工作方案的有关要求，公司全资子公司上海盛蔚矿业 投资有限公司（以下简称"上海盛蔚"）将其持有的海南盛蔚贸易有限公司、吉 林板庙子矿业有限公司、吉林盛达矿业有限公司、吉林金诚盛鑫矿业有限公司、 青海大柴旦矿业有限公司等5家公司的股权无偿划转给山金国际，同时基于公司 整体战略发展规划和实际经营需要，公司拟将全资子公司上海盛蔚现有注册资本 规模进行调整，由4,510,000,000.00元人民币减少至420,799,066.81元人民币。本次 减少注册资本后，公司仍直接持有上海盛蔚100%股权。 本次事项已经第九届董事会第九次会议全票通过，尚需提交公司202 ...

证券代码：000975 证券简称：山金国际 公告编号：2024-057 第九届董事会第九次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 山金国际黄金股份有限公司 山金国际黄金股份有限公司（以下简称"公司"）第九届董事会第九次会议 通知于2024年12月17日以电子邮件向全体董事送达，公司全体董事以通讯方式进 行了表决，公司于2024年12月19日（含当日）前收到全体董事的表决结果。会议 由公司董事长刘钦先生主持，应出席董事9人，实际出席董事9人。 详见同日披露于《中国证券报》《证券时报》《上海证券报》及巨潮资讯网 的《关于拟续聘会计师事务所的公告》。 三、以7票同意，0票反对，0票弃权，审议通过了关于2025年度日常关联交 易预计的议案； 关联董事刘钦先生、汪仁建先生回避表决。公司独立董事已针对该事项召开 了专门会议，全体独立董事一致同意该事项。 详见同日披露于《中国证券报》《证券时报》《上海证券报》及巨潮资讯网 的《关于2025年度日常关联交易预计的公告》。 四、以9票同意，0票反对，0票弃权，审议通过了关于公司2025年度对外捐 赠事项的议 ...

山金国际黄金股份有限公司 山金国际黄金股份有限公司 舆情管理制度 二○二四年十二月 1 舆情管理制度 第二条 本制度所称舆情包括： （一）报刊、电视、网络等媒体对公司进行的负面报道、不实报道； （二）社会上存在的已经或将给公司造成不良影响的传言或信息； （三）可能或者已经影响社会公众投资者投资取向，造成股价异常波动信息； （四）其他涉及公司信息披露且可能对公司股票及其衍生品交易价格产生较 大影响的事件信息。 第一章 总 则 第一条 为提高山金国际黄金股份有限公司（以下简称"公司"）应对各类 舆情的能力，建立快速反应和应急处置机制，及时、妥善处理各类舆情对公司股 票及其衍生品种交易价格、公司商业信誉及正常生产经营活动造成的影响，切实 保护投资者合法权益，根据《深圳证券交易所股票上市规则》等相关法律法规的 规定和《山金国际黄金股份有限公司章程》（以下简称"《公司章程》"），特 制定本制度。 第三条 舆情信息的分类： （一）重大舆情：指传播范围较广，严重影响公司公众形象或正常经营活动， 使公司已经或可能遭受损失，已经或可能造成公司股票及其衍生品种交易价格变 动的负面舆情； （二）一般舆情：指除重大舆情之外的其他舆情 ...

证券代码：000975 证券简称：山金国际 公告编号：2024-058 第九届监事会第七次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 山金国际黄金股份有限公司 三、以3票同意，0票反对，0票弃权，审议通过了关于为子公司提供担保额 度预计的议案。 详见同日披露于《中国证券报》《证券时报》《上海证券报》及巨潮资讯网 的《关于为子公司提供担保额度预计的公告》。 以上第一、二、三项议案将提交公司2025年第一次临时股东大会审议。 特此公告。 山金国际黄金股份有限公司（以下简称"公司"）第九届监事会第七次会议 通知于2024年12月17日以电子邮件向全体监事送达，公司全体监事以通讯方式进 行了表决，公司于2024年12月19日（含当日）前收到全体监事的表决结果。会议 由公司监事会主席张莺女士主持，应出席监事3人，实际出席监事3人。 本次会议的召开和表决程序符合《中华人民共和国公司法》和《山金国际黄 金股份有限公司章程》等法律、法规的有关规定。经与会监事认真审议，以记名 投票表决的方式通过了如下决议： 山金国际黄金股份有限公司监事会 一、以3票同意，0票 ...

Investment Rating - The investment rating for the company is "Buy" (initial coverage) [2] Core Insights - The company is a leading domestic gold producer, primarily engaged in precious and non-ferrous metal mining and trading, with a focus on gold resources [3][13] - The company has five major mining operations in China, including high-grade gold mines, and is expanding its overseas presence [4][5][13] - The company has shown strong financial performance, with significant revenue growth expected in the coming years due to rising gold prices and operational efficiency [6][22] Summary by Sections Company Overview - The company has evolved through multiple transformations, establishing itself as a key player in the precious metals sector, particularly gold mining [13][15] - In 2023, the company produced 7.01 tons of gold, ranking sixth among domestic gold mining companies [13] Business Layout - The company operates five major mines: Heilongjiang Heihe, Qinghai Dachaidan, Jilin Banmiaozi, Yunnan Mangshi, and Inner Mongolia [4][17] - The company is focusing on enhancing its mining operations and exploring new projects to increase gold production [4][5] Competitive Advantages - The entry of state-owned capital has provided the company with significant advantages, including improved financing conditions and strategic support for expansion [5][20] - The company has a clear strategic direction for future growth, focusing on both domestic and international markets [5][20] Gold Price Outlook - The long-term outlook for gold prices remains positive, supported by increasing U.S. national debt and central bank gold purchases [6][22] - Short-term fluctuations may occur, but the overall trend is expected to be upward due to macroeconomic factors [6][22] Financial Forecast and Investment Recommendations - Revenue projections for 2024-2026 are estimated at 135.87 billion, 158.07 billion, and 169.11 billion yuan, respectively, with net profits expected to grow significantly [6][7][22] - The company's current market valuation suggests a favorable investment opportunity based on its growth potential and industry positioning [6][22]

Investment Rating - The investment rating for the company is "Buy" and is maintained [2][7]. Core Insights - The company has benefited from the rise in gold prices, achieving a record high in Q3 performance with a net profit of 652 million yuan, a 14% increase quarter-on-quarter [3]. - For the first three quarters of 2024, the company reported a revenue of 12.071 billion yuan, a year-on-year increase of 70%, and a net profit of 1.727 billion yuan, up 54% year-on-year [3]. - The company has maintained stable gold production, with a production target of no less than 8 tons for 2024, achieving a total production of 6.28 tons in the first three quarters [4]. - The cost of gold production has shown a decreasing trend, with the unit sales cost for gold in Q3 at 134.97 yuan/g, down 1.08 yuan/g from Q2 [5]. - The completion of the acquisition of Osino Resources Corp. has opened up future growth potential, adding approximately 127.2 tons of gold resources and expected annual production capacity of 5 tons [6]. - Profit forecasts for 2024-2026 indicate a strong gold price environment, with projected net profits of 2.402 billion yuan, 2.714 billion yuan, and 3.008 billion yuan, representing year-on-year growth rates of 68.66%, 12.96%, and 10.84% respectively [7]. Financial Summary - The company reported a revenue of 8.106 billion yuan for 2023, with projections of 16.335 billion yuan for 2024, reflecting a growth rate of 101.52% [8]. - The net profit for 2023 was 1.424 billion yuan, with expectations of 2.402 billion yuan in 2024, indicating a growth rate of 68.66% [10]. - The earnings per share (EPS) are projected to increase from 0.51 yuan in 2023 to 0.87 yuan in 2024 [10].

Financial Performance - Revenue for the third quarter reached RMB 5.57 billion, a year-on-year increase of 120.65%[3] - Net profit attributable to shareholders for the third quarter was RMB 652.29 million, up 69.99% year-on-year[3] - Total revenue for the quarter reached 12,071,290,485.67 RMB, a significant increase from 7,095,031,594.72 RMB in the same period last year[15] - Net profit attributable to the parent company's shareholders was 1,727,381,567.52 RMB, up from 1,118,347,234.31 RMB in the previous year[17] - Operating profit rose to 2,496,897,955.88 RMB, compared to 1,729,878,814.25 RMB in the previous year[16] - The company's total comprehensive income reached 1,912,106,325.50 RMB, up from 1,235,281,935.22 RMB in the same period last year[17] - Basic earnings per share for the third quarter were RMB 0.2349, up 69.97% year-on-year[3] - Basic earnings per share (EPS) stood at 0.6221 RMB, up from 0.4028 RMB in the same period last year[17] - The company's weighted average return on equity for the period was 14.41%, an increase of 4.20 percentage points year-on-year[3] Asset and Liability Changes - Total assets as of the end of the reporting period were RMB 18.20 billion, an increase of 11.68% compared to the end of the previous year[3] - The company's total assets increased from CNY 16,298,948,219.83 to CNY 18,202,850,412.53, an increase of 11.7%[14] - The company's total assets grew to 18,202,850,412.53 RMB, compared to 16,298,948,219.83 RMB in the previous year[15] - The company's total equity increased to 14,365,487,139.65 RMB, up from 13,368,647,266.02 RMB, reflecting improved financial health[15] - Total liabilities increased to 3,837,363,272.88 RMB from 2,930,300,953.81 RMB, reflecting a rise in financial obligations[15] - The company's long-term debt increased to 1,161,511,061.58 RMB, compared to 64,081,155.55 RMB in the previous year[15] Production and Sales - Gold production for the period was 6.28 tons, with a sales volume of 6.51 tons and a gross margin of 73.10%[7] - Silver production reached 122.82 tons, with a sales volume of 122.08 tons and a gross margin of 47.72%[7] - Lead concentrate production was 7,955.69 tons, with a sales volume of 7,841.43 tons and a gross margin of 41.06%[7] - Zinc concentrate production was 11,026.01 tons, with a sales volume of 11,776.52 tons and a gross margin of 40.41%[7] Cash Flow and Liquidity - Operating cash flow for the period was RMB 3.00 billion, a year-on-year increase of 43.65%[6] - Sales of goods and services received cash of 12,953,375,930.59 yuan, a significant increase from the previous period's 7,696,651,981.34 yuan[18] - Total cash inflows from operating activities reached 16,386,187,587.19 yuan, compared to 7,754,320,969.34 yuan in the previous period[19] - Cash outflows for purchasing goods and services were 8,879,842,448.97 yuan, up from 4,653,846,072.84 yuan in the previous period[19] - Net cash flow from operating activities was 3,003,742,997.72 yuan, an increase from 2,090,951,237.62 yuan in the previous period[19] - Cash inflows from investment activities totaled 7,930,275,961.05 yuan, compared to 3,879,122,930.06 yuan in the previous period[19] - Net cash flow from investment activities was -3,422,364,564.66 yuan, a significant decrease from 475,039,367.10 yuan in the previous period[19] - Cash inflows from financing activities were 1,541,258,459.97 yuan, up from 489,431,751.36 yuan in the previous period[19] - Net cash flow from financing activities was -59,935,209.22 yuan, an improvement from -1,352,094,573.44 yuan in the previous period[19] - The net increase in cash and cash equivalents was -474,788,227.57 yuan, compared to 1,217,429,466.81 yuan in the previous period[19] - The ending balance of cash and cash equivalents was 1,361,339,531.28 yuan, down from 2,007,272,021.00 yuan in the previous period[20] Balance Sheet Changes - The company's monetary funds decreased from CNY 3,030,592,423.10 to CNY 2,246,704,715.03, a decrease of 25.9%[13] - The company's intangible assets increased from CNY 6,447,087,662.45 to CNY 8,286,503,718.80, an increase of 28.5%[14] - The company's accounts receivable increased from CNY 42,039,764.45 to CNY 64,687,687.69, an increase of 53.9%[14] - The company's prepayments increased from CNY 32,838,068.02 to CNY 46,123,934.28, an increase of 40.5%[14] - The company's other receivables increased from CNY 56,167,706.12 to CNY 87,968,317.09, an increase of 56.6%[14] - The company's inventory decreased from CNY 1,484,606,151.21 to CNY 1,342,720,710.95, a decrease of 9.6%[14] - The company's fixed assets decreased from CNY 2,712,874,112.68 to CNY 2,673,460,832.56, a decrease of 1.5%[14] - The company's construction in progress increased from CNY 388,173,172.06 to CNY 597,178,651.68, an increase of 53.8%[14] Strategic Investments and Acquisitions - The company completed the acquisition of Osino Resources Corp. at a price of CAD 1.90 per share, adding approximately 127.2 tons of gold resources to its reserves[12] Research and Development - Research and development expenses amounted to 93,589,873.89 RMB, indicating a focus on innovation and new technologies[16]