本公司董事会及全体董事、高级管理人员保证公告内容的真实、 准确和完整，对公告的虚假记载、误导性陈述或者重大遗漏负连带责 任。 湖南黄金股份有限公司（以下简称公司）于 2025 年 10 月 27 日召开 2025 年第二次临时股东大会，审议通过了《关于补选独立董事的议案》，张永涛先生 当选公司第七届董事会独立董事。任期自公司股东大会审议通过之日起至公司本 届董事会任期届满之日止。 本次补选独立董事后，公司董事会中兼任公司高级管理人员以及由职工代表 担任的董事人数总计未超过公司董事总数的二分之一。 张 永 涛 先 生 简 历 详 见 2025 年 10 月 11 日 公 司 在 巨 潮 资 讯 网 （http://www.cninfo.com.cn）上披露的《关于补选独立董事的公告》（公告编号： 临 2025-53）。 特此公告。 证券代码：002155 证券简称：湖南黄金 公告编号：临 2025-57 湖南黄金股份有限公司 关于完成补选独立董事的公告 董 事 会 2025 年 10 月 27 日 湖南黄金股份有限公司 ...

2025 年第二次临时股东大会决议公告 本公司及全体董事会和监事会成员、高级管理人员保证公告内容 的真实、准确和完整，对公告的虚假记载、误导性陈述或者重大遗漏 负连带责任。 重要提示： 1.本次股东大会未出现增加、否决或变更议案的情形。 2.本次股东大会未涉及变更前次股东大会决议。 一、会议召开情况 1.召开方式：现场投票和网络投票相结合的方式 2.召开时间： （1）现场会议召开时间：2025 年 10 月 27 日 15:30 （2）网络投票时间：通过互联网投票系统进行网络投票的时间为 2025 年 10 月 27 日上午 9:15 至 2025 年 10 月 27 日下午 15:00 期间的任意时间；通过交 易系统进行网络投票的时间为 2025 年 10 月 27 日上午 9:15-9:25，9:30-11:30 和 下午 13:00-15:00。 证券代码：002155 证券简称：湖南黄金 公告编号：临 2025-55 湖南黄金股份有限公司 通过网络投票的股东共811人，代表有表决权股份57,084,134股，占公司有表 决权股份总数的3.6530%。 3.现场会议召开地点：长沙经济技术开发区人民东路二 ...

湖南启元律师事务所 HUNAN QIYUAN LAW FIRM 湖南省长沙市芙蓉区建湘路 393 号 世茂环球金融中心 63 层 410007 Tel：(0731) 8295 3778 http://www.qiyuan.com 湖南启元律师事务所 关于湖南黄金股份有限公司 2025 年第二次临时股东大会的 法律意见书 致：湖南黄金股份有限公司 湖南启元律师事务所（以下简称"本所"）受湖南黄金股份有限公司（以下简 称"公司"）委托，对公司 2025 年第二次临时股东大会（以下简称"本次股东大会"） 进行现场见证，并根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《上市公司股东会规则》（以下简称"《股东会规则》"）等中国现行法律、法规、 规章和规范性文件以及《湖南黄金股份有限公司章程》（以下简称"《公司章程》"） 的相关规定，出具本法律意见书。 为出具本法律意见书，本所指派本所律师列席了本次股东大会，按照律师行 业公认的业务标准、道德规范和勤勉尽责精神，对本次股东大会进行了现场见证， 并核查和验证了公司提供的与本次股东大会有关的文件、资料和事实。 本所出具本法律意见书是基于公司向本所保证：公司已向本所 ...

具体内容详见巨潮资讯网（http://www.cninfo.com.cn）上的《湖南黄金股份 有限公司 2025 年第三季度报告》（公告编号：2025-3Q）。 本议案已经董事会审计委员会审议通过。 二、审议通过了《关于补选部分董事会专门委员会委员的议案》。 1.补选张永涛先生为第七届董事会提名委员会主任委员。 证券代码：002155 证券简称：湖南黄金 公告编号：临 2025-56 湖南黄金股份有限公司 第七届董事会第十四次会议决议公告 本公司董事会及全体董事、高级管理人员保证公告内容的真实、 准确和完整，对公告的虚假记载、误导性陈述或者重大遗漏负连带责 任。 湖南黄金股份有限公司（以下简称公司）第七届董事会第十四次会议于 2025 年 10 月 27 日在长沙召开。本次会议的通知已于 2025 年 10 月 24 日通过电子邮 件方式送达给所有董事和高管。会议应参与表决董事 6 人，实际表决董事 6 人。 会议由董事长王选祥先生主持，公司高管列席会议。会议的召集、召开符合《公 司法》和《公司章程》的规定，会议合法有效。经与会董事认真审议，会议以记 名投票表决方式通过了以下议案： 一、以 6 票赞成、0 票 ...

Core Insights - The company reported a third-quarter revenue of 12.758 billion, representing a year-on-year increase of 117.91% [1] - The net profit for the third quarter was 373 million, showing a year-on-year growth of 63.13% [1] - For the first three quarters, the total revenue reached 41.194 billion, with a year-on-year increase of 96.26% [1] - The net profit for the first three quarters was 1.029 billion, reflecting a year-on-year growth of 54.28% [1]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥12,758,037,738.08, representing a 117.91% increase year-over-year[5] - Net profit attributable to shareholders increased by 63.13% to ¥373,153,255.09 for the quarter, and by 54.28% to ¥1,028,799,255.07 year-to-date[5] - The basic earnings per share rose by 60.00% to ¥0.24 for the quarter, and by 53.49% to ¥0.66 year-to-date[5] - Total profit for the period increased by 59.01%, driven by higher sales prices of gold, antimony, and tungsten products[12] - Net profit for the current period was CNY 1,050,410,086.82, up from CNY 676,499,835.39, indicating a growth of approximately 55.2%[22] - Total comprehensive income amounted to CNY 1,036,274,074.90, an increase from CNY 674,017,939.83 in the previous period[23] - Basic and diluted earnings per share increased to CNY 0.66 from CNY 0.43[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,072,482,063.84, a 10.65% increase from the end of the previous year[5] - The company's total assets increased to CNY 9,072,482,063.84 from CNY 8,198,902,634.81, marking a rise of about 10.6%[19] - Current liabilities totaled CNY 1,162,672,211.59, an increase from CNY 1,003,446,071.37, which is an increase of approximately 15.9%[19] - The total liabilities decreased slightly from CNY 1,375,305,306.13 to CNY 1,224,016,058.89, a reduction of about 11%[19] - The company's equity attributable to shareholders rose to CNY 7,631,189,805.19 from CNY 6,905,344,236.53, reflecting an increase of about 10.5%[19] Cash Flow - Cash flow from operating activities for the year-to-date was ¥768,469,537.44, reflecting a 92.91% increase compared to the previous year[5] - Net cash flow from operating activities was CNY 768,469,537.44, up from CNY 398,348,162.00 in the previous period[25] - Cash received from sales of goods and services reached CNY 41,133,543,525.93, compared to CNY 21,406,095,888.76 last year[24] - Total cash outflow from operating activities was CNY 40,472,741,328.93, compared to CNY 21,078,085,954.06 in the previous period[25] - The ending cash and cash equivalents balance was CNY 1,343,666,142.51, up from CNY 741,275,718.39 at the end of the previous period[25] Shareholder Information - Total number of common shareholders at the end of the reporting period is 118,266[14] - Hunan Gold Group Co., Ltd. holds 35.06% of shares, totaling 547,866,955 shares[14] - There are no changes in the top 10 shareholders due to securities lending activities[15] - The company has no preferred shareholders or related matters to report[16] Operational Insights - The company reported a significant increase in gold sales prices by 41.04%, contributing to the rise in net profit[9] - The company experienced a 292.47% increase in prepayments, primarily due to increased advance payments for raw materials[9] - The company reported a 314.26% increase in other operating expenses, mainly due to increased fines and late fees[11] - Research and development expenses for the current period were CNY 253,171,592.16, compared to CNY 194,874,303.79 in the previous period, showing an increase of approximately 30%[22] - The company reported a gross profit margin of approximately 3.1% for the current period, compared to 3.9% in the previous period, indicating a slight decline[21] Miscellaneous - The company has not engaged in any mergers or acquisitions during the reporting period[16] - Future outlook and performance guidance were not disclosed in the provided documents[16] - The company did not undergo an audit for the third quarter financial report[26] - The financial report for the third quarter was released on October 27, 2025[27]

Core Points - The precious metals sector increased by 1.34% on October 27, with Chifeng Jilong Gold Mining leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Summary by Category Stock Performance - Chifeng Jilong Gold Mining (code: 6009888) closed at 29.76, up 3.05% with a trading volume of 699,800 shares and a transaction value of 2.083 billion yuan [1] - Zhongjin Gold (code: 600489) closed at 22.93, up 2.69% with a trading volume of 855,000 shares and a transaction value of 1.941 billion yuan [1] - Other notable performers include: - Xiaocheng Technology (code: 300139) closed at 25.26, up 1.90% [1] - Hunan Gold (code: 002155) closed at 20.42, up 1.44% [1] - Hengbang Shares (code: 002237) closed at 13.22, up 1.15% [1] Capital Flow - The precious metals sector experienced a net outflow of 341 million yuan from institutional investors and 147 million yuan from retail investors, while retail investors saw a net inflow of 489 million yuan [3][4] - Specific stock capital flows include: - Zhongjin Gold had a net outflow of 94.64 million yuan from institutional investors [4] - Hunan Gold saw a net inflow of 57.69 million yuan from institutional investors [4] - Sichuan Gold experienced a net outflow of 34.75 million yuan from institutional investors [4] ETF Information - The gold stock ETF (code: 159562) tracks the CSI Hong Kong-Shenzhen Gold Industry Stock Index and has seen a decline of 6.79% over the past five days [6] - The ETF's current price-to-earnings ratio is 24.06, with a recent reduction in shares by 27 million to a total of 1.31 billion shares, and a net inflow of 9.289 million yuan from institutional investors [6]

Investment Rating - The report maintains a "Recommended" rating for several companies in the non-ferrous metals sector, including Zijin Mining, Luoyang Molybdenum, and China Aluminum [5][6]. Core Views - The report highlights that industrial metal prices are expected to remain strong due to seasonal demand and supply disruptions, particularly for copper and aluminum [2][3]. - Energy metals like lithium and cobalt are projected to perform well, driven by strong demand in the energy storage market and supply constraints [3]. - Precious metals are anticipated to experience price fluctuations in the short term, but long-term trends remain bullish due to central bank gold purchases and weakening dollar credit [4]. Summary by Sections Industrial Metals - Copper prices are supported by macroeconomic sentiment and supply disruptions, with the SMM import copper concentrate index at $51.2/ton, down $0.6/ton month-on-month [2]. - Aluminum demand is robust, particularly from the automotive sector, with domestic aluminum ingot social inventory at approximately 618,000 tons, down 9,000 tons week-on-week [2]. - Key companies recommended include Luoyang Molybdenum, Zijin Mining, and China Aluminum [2]. Energy Metals - Lithium supply is increasing due to new production lines, while demand from the energy storage market is exceeding expectations, supporting strong prices [3]. - Cobalt prices are rising due to supply concerns from the Democratic Republic of Congo, with Chinese companies receiving fewer export quotas than expected [3]. - Recommended companies include Huayou Cobalt and Yichun Lithium [3]. Precious Metals - Gold prices are experiencing short-term volatility due to optimistic international conditions, but long-term outlook remains positive with central bank purchases [4]. - Silver prices are influenced by industrial demand and follow gold's price movements [4]. - Recommended companies include Western Gold and Shandong Gold [4].

Investment Rating - Industry rating: Recommended [3] Core Insights - The report emphasizes the strategic revaluation of key metals, particularly focusing on rare earths and cobalt [24] - Nickel prices are expected to be supported due to tightened supply expectations following Indonesia's new regulation reducing the approval cycle for mining plans from three years to one year [26][27] - Cobalt prices have continued to rise, with expectations of increasing supply tightness further driving prices up [30][33] - Antimony supply is expected to remain tight, providing a bottom support for antimony prices [34] - Lithium carbonate prices are projected to remain strong due to ongoing demand and inventory depletion [16] - China's dominance in rare earth supply is reinforced by stricter export controls, which are expected to support rare earth prices [18] - Tin supply remains uncertain due to ongoing challenges in overseas supply, which is expected to support tin prices [19] - Tungsten prices are supported by a tightening supply situation, with production rates slowing down [20] - Uranium supply tightness is anticipated to continue, supporting uranium prices [21] Summary by Sections Nickel and Cobalt Industry Update - Indonesia's new regulation on mining approvals is expected to tighten future ore supply, supporting nickel prices [26] - As of October 24, LME nickel price was $15,085 per ton, up 1.04% from October 17 [26] - Cobalt prices have risen significantly, with electrolytic cobalt reaching 408,500 CNY per ton, a 6.94% increase [30] Antimony Industry Update - Domestic antimony prices have decreased, but long-term supply tightness is expected to support prices [34] - China's antimony production is projected to dominate global supply, accounting for 60% of the total [34] Lithium Industry Update - Lithium carbonate prices have increased, with a market average of 73,700 CNY per ton as of October 24 [16] - Demand from the battery sector continues to drive price support [16] Rare Earth Industry Update - China's strict export controls on rare earths are expected to tighten supply and support prices [18] - The report highlights the importance of China's role in the global rare earth supply chain [18] Tin Industry Update - Tin prices are supported by supply uncertainties, particularly from Myanmar and Indonesia [19] - As of October 24, LME tin price was $35,925 per ton, up 2.42% from October 17 [19] Tungsten Industry Update - The tungsten supply situation is tightening, with production rates slowing down [20] - Prices for tungsten concentrate have increased, reflecting supply constraints [20] Uranium Industry Update - The report indicates a continued tight supply situation for uranium, supporting price stability [21] - Recent production guidance reductions from major suppliers are expected to impact future supply [21]

Core Insights - The precious metals sector experienced a decline of 1.08% on October 24, with Hunan Silver leading the drop [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] Precious Metals Sector Performance - Hunan Silver closed at 6.40, down 2.59%, with a trading volume of 1.35 million shares and a transaction value of 867 million [2] - Other notable declines include: - Shandong Gold down 1.11% to 36.50 with a transaction value of 1.14 billion [2] - Hunan Gold down 0.74% to 20.13 with a transaction value of 917 million [2] - The only gain in the sector was seen in Chifeng Gold, which rose 0.35% to 28.88 with a transaction value of 1.17 billion [2] Capital Flow Analysis - The precious metals sector saw a net outflow of 1.026 billion from institutional investors, while retail investors contributed a net inflow of 1.101 billion [3] - Key stocks with significant capital flow include: - Hunan Silver with a net outflow of 134 million from institutional investors [3] - Shandong Gold with a net outflow of 142 million [3] - Chifeng Gold with a net outflow of 644 million [3]