证券代码：001337 证券简称：四川黄金 公告编号：2025-009 四川黄金股份有限公司 关于使用暂时闲置自有资金进行现金管理的公告 为提高资金使用效率，合理利用闲置资金，在不影响公司正常经营的前提下， 利用闲置自有资金进行现金管理增加收益。 （二）投资额度及期限 本次现金管理金额不超过人民币 15,000.00 万元，期限自第二届董事会第五 次会议通过之日起 12 月内有效，并可在该额度和期限范围内，循环滚动使用。 （三）投资品种 公司以实现资金安全性、流动性、收益性平衡为目标，拟投资由银行或其他 金融机构发行的安全性高、流动性好、产品投资期限最长不超过 12 个月的保本 1 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。 2025 年 3 月 27 日，四川黄金股份有限公司(以下简称"公司"）召开第二届 董事会第五次会议，审议通过了《关于使用暂时闲置自有资金进行现金管理的议 案》。董事会同意公司在保证正常运营、资金安全和确保流动性的前提下，使用 不超过 15,000.00 万元人民币的暂时闲置自有资金进行现金管理。投资期限为自 第二届董事会第五次会议审 ...

证券代码：001337 证券简称：四川黄金 公告编号：2025-010 四川黄金股份有限公司 关于 2025 年度日常关联交易预计的公告 （一）日常关联交易概述 四川黄金股份有限公司（以下简称"公司"）基于日常经营业务需要和历史合 作等因素，可能继续与公司实际控制人四川省地质矿产勘查开发局的下属单位或 企业发生接受劳务的关联交易，与5%以上的股东紫金矿业集团南方投资有限公 司的关联企业贵州紫金矿业股份有限公司产生销售商品的关联交易。接受劳务的 关联交易主要包括采购地质勘探、地质工程、矿山生态修复、矿山环境监测等矿 山服务。销售商品的关联交易为向关联方销售金精矿。 公司2023年年度股东大会审议通过了《关于预计2024年度日常关联交易的议 案》。2024年公司采购商品、接受劳务的关联交易预计金额为10,893.39万元、 471.40万元，销售商品的关联交易金额预计不超过17,000.00万元。公司于2024年 12月17日召开第二届董事会第四次会议、第二届监事会第四次会议，审议通过了 《关于增加2024年度日常关联交易预计额度的议案》，同意公司在年初预计的基 础上，再增加2024年接受劳务的日常关联交易预计额 ...

证券代码：001337 证券简称：四川黄金 公告编号：2025-008 四川黄金股份有限公司 第二届监事会第五次会议决议公告 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。 一、监事会会议召开情况 四川黄金股份有限公司（以下简称"公司"）第二届监事会第五次会议通知 及相关文件于 2025 年 3 月 20 日以书面或电子邮件方式发出，会议于 2025 年 3 月 27 日以书面议案方式召开。会议应参加表决的监事 5 人，实际参加表决的监 事 5 人。会议由监事会主席汪小辉先生主持。会议的召集、召开、表决等程序符 合《中华人民共和国公司法》及相关法律法规和《公司章程》《监事会议事规则》 的有关规定。 2、销售商品的关联交易 同意2025年度公司向关联方销售商品的关联交易不超过2亿元。 表决结果：同意5票；反对0票；弃权0票。 1 本议案尚需提交最近一次股东会审议。 具体内容详见公司同日在《证券时报》《证券日报》《上海证券报》《中国证 券报》和巨潮资讯网（www.cninfo.com.cn）披露的《关于 2025 年度日常关联交 易预计的公告》。 二、监事会会议审 ...

Investment Rating - The report assigns an "Accumulate" rating for the company, indicating a positive outlook for investment [4][10]. Core Views - The company is positioned as a leading gold player in Sichuan, with a dual focus on mining and exploration, which is expected to drive sustainable growth [4][12]. - The financial performance shows continuous improvement, with significant increases in gross and net profit margins, alongside a reduction in expense ratios [4][35]. - The company benefits from a strong resource base and favorable geographical location, enhancing its exploration potential and sustainable development capabilities [5][23]. Financial Performance - In 2023, the company achieved a revenue of 629 million RMB, a year-on-year increase of 33.13%, and a net profit of 211 million RMB, up 6.16% [5][30]. - For the first three quarters of 2024, the company reported a revenue of 528 million RMB, reflecting a growth of 5.77%, and a net profit of 197 million RMB, which is a 25.38% increase year-on-year [5][30]. - The gross margin for the first three quarters of 2024 was 53.44%, and the net margin was 37.34%, both showing improvements compared to the previous year [35]. Resource and Exploration Potential - The company holds the mining rights to the largest gold mine in Sichuan, the Suoluo Gold Mine, and has significant exploration rights in the Suoluo-Wajingou area, which is rich in mineral resources [12][18]. - The exploration efforts have resulted in a reported gold resource of 29.79 tons as of October 2023, with a production of 1.67 tons of gold concentrate in 2023 [5][18]. - The geographical location in the Ganzi-Litang structural belt is noted for its rich mineral resources, with potential for discovering additional gold deposits [5][23]. Capital Expenditure and Project Progress - The company is making significant progress on key capital projects, with the resource exploration investment at 56.19% completion and the 2000t/d processing plant upgrade at 92.78% completion as of the first half of 2024 [61]. - The underground mining project is nearing completion at 98.07%, indicating a strong trajectory for future production capacity [61]. Profit Forecast and Valuation - The forecast for net profit from 2024 to 2026 is projected at 278 million RMB, 341 million RMB, and 376 million RMB, respectively, with growth rates of 31.57%, 22.85%, and 10.20% [10][9]. - The current price-to-earnings ratio is estimated at 34.49X for 2024, decreasing to 25.48X by 2026, suggesting a favorable valuation compared to peers [10][9].

Investment Rating - The report gives a "Buy" rating for Sichuan Gold, indicating a positive outlook for the company's future performance [12]. Core Views - Sichuan Gold is recognized as a leading gold mining company in Sichuan, with a focus on the construction, mining, and processing of the Suoluo River gold mine. The company has established itself as a major player in the domestic gold mining sector and has been awarded national-level green mine status [3][18]. - The company has consistently increased its resource exploration investments, leading to a significant rise in gold reserves. As of the end of 2023, the Suoluo River mining area holds a gold metal amount of 57,914 kg, with a resource reserve of 9.356 million tons [4][25]. - The production of gold concentrate has shown stable growth, with an average capacity utilization rate of 107% from 2018 to 2023. The annual production of gold concentrate increased from 1.53 tons in 2021 to 1.67 tons in 2023, reflecting a compound annual growth rate (CAGR) of 4.5% [5][37]. - The gross profit margin for gold concentrate products remains consistently above the industry average, with an average gross margin of 53.12% from 2018 to 2023. In the first half of 2024, the gross margin was reported at 53.05% [6][40]. Summary by Sections Company Overview - Sichuan Gold was established in August 2006 and is recognized as the largest operating gold mine in Sichuan province. The company is a member of the China Gold Association and has been acknowledged as a key gold production enterprise in the province [3][18]. Resource Exploration and Reserves - The company has made substantial investments in resource exploration, with expenditures of 32.94 million yuan in 2022 and 64.34 million yuan in 2023. This has resulted in a total increase of 28,128 kg in gold reserves from 2017 to 2023, accounting for 48.6% of the current total reserves [4][25]. Production and Profitability - The company has maintained a stable increase in gold concentrate production, with a CAGR of 4.5% from 2021 to 2023. The average grade of mined ore has remained stable, contributing to consistent production levels [5][37]. - The gross profit margin for gold concentrate products has consistently outperformed the industry average, with a reported margin of 53.80% in 2023, exceeding the industry average by 4.6 percentage points [6][40]. Financial Performance - The company’s revenue is projected to grow significantly, with expected revenues of 942.29 million yuan in 2024, 1.10376 billion yuan in 2025, and 1.26384 billion yuan in 2026. The net profit attributable to shareholders is forecasted to reach 342.60 million yuan in 2024, reflecting a growth rate of 62.43% [12][13].

Investment Rating - The report gives a "Buy" rating for Sichuan Gold, indicating a positive outlook for the company's future performance [12]. Core Viewpoints - Sichuan Gold is recognized as a leading gold mining company in Sichuan, with a focus on the construction, mining, and processing of the Suoluo River gold mine, and has established itself as a significant player in the domestic gold mining industry [3][18]. - The company has been actively increasing its resource exploration investments, leading to a continuous rise in resource reserves, with significant gold metal quantities reported [4][25]. - The production of gold concentrate has been steadily increasing, with an average capacity utilization rate of 107% from 2018 to 2023, showcasing the company's operational efficiency [5][37]. - The gross profit margin for gold concentrate products remains consistently above the industry average, reflecting the company's strong cost control and production technology advantages [6][40]. Summary by Sections Company Overview - Sichuan Gold was established in August 2006 and is recognized as the largest operating gold mine in Sichuan province, with significant contributions to the local mining sector [7][18]. Resource Exploration and Reserves - The company has made substantial investments in resource exploration, with notable increases in gold metal reserves reported over the years, particularly in the Suoluo River mining area [4][25]. - As of the end of 2023, the Suoluo River mining area holds a gold metal quantity of 57,914 kg, with ongoing exploration efforts expected to further enhance reserves [25][27]. Production and Financial Performance - The company has achieved a compound annual growth rate (CAGR) of 4.5% in gold concentrate production from 2021 to 2023, indicating stable production growth [5][37]. - The average gross profit margin for gold concentrate products from 2018 to 2023 was 53.12%, consistently outperforming the industry average [6][40]. - Revenue forecasts for 2024-2026 are projected at 9.42 billion, 11.04 billion, and 12.64 billion yuan, respectively, with corresponding net profits expected to grow significantly [12][13]. Market Position and Competitive Advantage - Sichuan Gold's competitive edge lies in its high-grade gold resources and efficient production processes, which allow it to maintain lower production costs compared to industry peers [6][40]. - The company is transitioning from open-pit to underground mining, which is expected to enhance operational efficiency and resource recovery in the long term [31][37].

Investment Rating - The report gives a "Buy" rating for Sichuan Gold, indicating a positive outlook for the company's future performance [12]. Core Viewpoints - Sichuan Gold is recognized as a leading gold mining company in Sichuan, with a focus on the construction, mining, and processing of the Suoluo Gold Mine, which is the largest operating gold mine in the province [3][18]. - The company has shown consistent growth in resource reserves and production capacity, with a significant increase in gold metal reserves and stable production of gold concentrate [4][5][25]. - The financial outlook is strong, with projected revenues and net profits increasing significantly over the next few years, supported by high gross margins and effective cost control [12][13]. Summary by Sections Company Overview - Sichuan Gold was established in August 2006 and has become one of the major gold mining companies in China, recognized as a national-level green mine enterprise [3][18]. - The company is controlled by Sichuan Geological Mineral Exploration and Development Bureau, with Sichuan Gold Group holding a 31.32% stake [20]. Resource and Production Capacity - The company has continuously invested in resource exploration, leading to an increase in gold reserves, with a total gold metal amount of 57,914 kg in the Suoluo Mine as of the end of 2023 [4][25]. - The average grade of gold in the Suoluo Mine is reported at 3.37 g/t, with a stable annual production capacity utilization rate of 107% [5][37]. - The production of gold concentrate has shown a compound annual growth rate (CAGR) of 4.5% from 2021 to 2023, indicating stable production growth [5][37]. Financial Performance - The company reported a revenue of 628.99 million yuan in 2023, with a projected increase to 942.29 million yuan in 2024, reflecting a growth rate of 49.81% [13]. - The net profit for 2023 was 210.92 million yuan, with expectations to reach 342.60 million yuan in 2024, indicating a significant growth trajectory [13]. - The average gross margin for gold concentrate products was 53.12% from 2018 to 2023, consistently above the industry average [6][40]. Market Position and Strategy - Sichuan Gold's strategy includes transitioning from open-pit to underground mining, which is expected to enhance production efficiency and reduce costs [31][37]. - The company has a strong focus on maintaining high-quality production and cost control, with a unit cost of gold concentrate at 161.2 yuan per gram, significantly lower than the industry average [6][40].

证券代码：001337 证券简称：四川黄金 公告编号：2025-006 四川黄金股份有限公司 关于持股 5%以上股东部分股份解除质押的公告 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。 四川黄金股份有限公司（以下简称"公司"）近日收到持股 5%以上股东北京 金阳矿业投资有限责任公司（以下简称"北京金阳"）《关于所持四川黄金股份有 限公司的部分股份解除质押的函》，获悉其近期将持有公司的部分股份解除了质 押，具体情况如下： 截至本公告披露日，北京金阳持有公司48,546,000股，持股比例为11.56%， 全部为无限售流通股，本次解除质押后，北京金阳持有公司股份的累计质押情况 如下： 三、备查文件 1、北京金阳矿业投资有限责任公司关于所持四川黄金股份有限公司的部分 股份解除质押的函； 2、中国证券登记结算有限责任公司证券质押及司法冻结明细表。 特此公告 四川黄金股份有限公司 二、股东股份累计质押情况 1 股东 名称 是否为控股 股东或第一 大股东及其 一致行动人 本次解除质 押股份数量 占其所持股 份比例 占公司总股 本比例 起始日 解除日期 质权人 北京 金阳 ...

证券代码：001337 证券简称：四川黄金 公告编号：2025-005 四川黄金股份有限公司 关于持股 5%以上股东减持计划期间届满暨减持结果的公告 股东名称 股份性质 本次减持前持有股份 本次减持后持有股份 股数（万股） 占总股本比 例（%） 股数（万股） 占总股本比 例（%） 紫金南方 合计持有股份 3,758.4 8.9486 3,604.39 8.5819 其中：无限售条件股份 3,758.4 8.9486 3,604.39 8.5819 2、股东本次减持前后持股情况 信息披露义务人紫金矿业集团南方投资有限公司保证向公司提供的信息内 容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 2024 年 10 月 9 日，四川黄金股份有限公司（以下简称"四川黄金"或"公司"） 对外披露了《关于持股 5%以上股东减持股份的预披露公告》（公告编号： 2024-056）。公司持股 5%以上股东紫金矿业集团南方投资有限公司（以下简称 "紫金南方"）计划在该公告披露之日起 15 个交易日后的三个月内，以集中竞 价及大宗交易方式合计减持四川黄金股份 ...

证券代码：001337 证券简称：四川黄金 公告编号：2025-004 四川黄金股份有限公司 关于持股 5%以上股东部分股份质押的公告 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。 四川黄金股份有限公司（以下简称"公司"）近日收到持股 5%以上股东北 京金阳矿业投资有限责任公司（以下简称"北京金阳"）《关于所持四川黄金股 份有限公司部分股份质押的通知》，获悉其近期将持有的公司部分股份办理了质 押业务，具体情况如下： | 股东 名称 | 是否为控 股股东或 第一大股 | | 本次质押 | 占其所 持股份 | 占公 司总 | 是 否 为 | 是 否 为 补 | 质押 起始 | 质押 到期 | 质权人 | 质押 用途 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 东及其一 致行动人 | | 数量 | 比例 | 股本 比例 | 限 售 股 | 充 质 押 | 日 | 日 | | | | 北京 | | 否 | 2,150,000 | 4.43% | 0.5 ...