证券代码：002155 证券简称：湖南黄金 公告编号：临 2024-20 公司董事会及截至本公告发布之日单独或者合并持有公司已发行股份1%以 上的股东，有权向第六届董事会书面提名推荐第七届董事会非独立董事候选人。 单一股东或者具有关联关系的股东提名的人数不得超过本次拟选董事人数的半 数。 湖南黄金股份有限公司 董事会换届选举并征集候选人的公告 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）第六届董事会将于2024年5月13日 届满。为确保董事会工作正常开展，公司决定进行董事会换届选举（以下简称本 次换届选举），公司董事会依据《中华人民共和国公司法》《深圳证券交易所股 票上市规则》《深圳证券交易所上市公司自律监管指引第1号－主板上市公司规 范运作》和《公司章程》等相关规定，将第七届董事会的组成、选举方式、董事 候选人的推荐、本次换届选举的程序、董事任职资格等事项公告如下： 一、第七届董事会的组成 第七届董事会将由7名董事组成，其中独立董事3名，董事任期自公司相关股 东大会选举通过之日起计算，任期三 ...

证券代码：002155 证券简称：湖南黄金 公告编号：临 2024-21 湖南黄金股份有限公司 监事会换届选举并征集候选人的公告 本公司监事会及全体监事、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）第六届监事会原定任期至2024年5 月13日届满。根据公司实际情况，为确保监事会工作正常开展，公司决定进行监 事会换届选举（以下简称本次换届选举），公司监事会依据《中华人民共和国公 司法》《公司章程》等相关规定，将第七届监事会的组成、选举方式、监事候选 人的推荐、本次换届选举的程序、监事任职资格等事项公告如下： 一、第七届监事会的组成 第七届监事会将由3名监事组成，其中职工代表监事1名，监事任期自公司相 关股东大会选举通过之日起计算，任期三年。 二、选举方式 本次换届选举采用累积投票制，即股东大会选举监事时，每一股份拥有与拟 选监事人数相同的表决权，股东拥有的表决权可以集中使用，也可以分开使用。 三、监事候选人的推荐（监事候选人推荐表见附件） （一）股东代表担任的监事候选人的推荐 公司监事会及截至本公告发布之日单独或者合并 ...

证券代码：002155 证券简称：湖南黄金 湖南黄金股份有限公司 2023 年度网上业绩说明会 投资者关系活动记录表 编号：2024-001 | □特定对象调研 | □分析师会议 | | --- | --- | | 投资者关系活 | □媒体采访 √业绩说明会 | | 动类别 | □新闻发布会 □路演活动 | | □现场参观 | | | □其他 | （请文字说明其他活动内容） | | 参与单位名称 及人员姓名 | 线上参与公司 年度网上业绩说明会的投资者 2023 | | 年 2024 4 时间 | 月 日（星期二）下午 2 15:00-17:00 | | 地点 | 线上交流（通过进门财经 APP/进门财经小程序，搜索"股票代 | | 码"进入"湖南黄金股份有限公司 | 2023 年年度网上业绩说明 | | 会"） | | | 公司接待人员 | 董事长：王选祥先生 | | 总经理：李希山先生 | | | 独立董事：李荻辉女士 | | | 姓名 | 财务总监：湛飞清先生 | | 副总经理兼董事会秘书：王文松先生 | | | 公司于 | 2024 年 4 月 2 日（星期二）15:00-17:00 举行了 2023 ...

证券代码：002155 证券简称：湖南黄金 公告编号：临 2024-19 湖南黄金股份有限公司 1.手机端参会：登陆进门财经 APP/进门财经小程序，搜索"002155"、"湖 南黄金"或者微信扫描下方的二维码，进入"湖南黄金（002155）2023 年度业 绩说明会"，点击进入会议。 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）《2023 年年度报告》及摘要已于 2024 年 3 月 26 日披露。为便于广大投资者更深入全面地了解公司情况，公司决 定召开 2023 年度网上业绩说明会。 一、会议召开时间及召开方式 召开时间：2024 年 4 月 2 日（星期二）下午 15:00—17:00 召开方式：本次网上业绩说明会将采用网络远程文字交流的方式举行 二、公司出席人员 出席本次年度业绩说明会的人员有：董事长王选祥先生，总经理李希山先生， 独立董事李荻辉女士，财务总监湛飞清先生，副总经理兼董事会秘书王文松先生。 三、投资者参与方式 关于召开 2023 年度网上业绩说明会的公告 2.电脑端参会： ...

证券研究报告 | --- | --- | --- | |---------------------------|----------|--------------| | 交易数据 \n当前价格（元） | 评级变动 | 维持 \n12.36 | | 52 周价格区间（元） | | 10.08-16.50 | | 总市值（百万） | | 14857.21 | | 流通市值（百万） | | 14855.65 | | 总股本（万股） | | 120204.00 | | 流通股（万股） | | 120191.40 | | | | | -24% -14% -4% 6% 16% 湖南黄金 贵金属 周策 分析师 执业证书编号:S0530519020001 zhouce67@hnchasing.com 相关报告 公司点评 湖南黄金(002155.SZ) | --- | --- | --- | --- | --- | --- | |---------------------|--------|--------|--------|--------|--------| | 预测指标 | 2022A | 2023A | 2024E | ...

证券代码：002155 证券简称：湖南黄金 公告编号：临 2024-18 湖南黄金股份有限公司 事故发生后，新龙矿业立即启动应急预案，公司领导立即赶赴现场组织处理， 采取紧急应对措施进行人员救治与善后工作，新龙矿业及时按相关规定与程序向 有关部门进行了事故报告，并主动停产整顿。 目前，新龙矿业、金智源项目部正在积极配合当地应急部门对事故做进一步 调查处理，各项处置工作正在有序进行。 二、新龙矿业基本情况 新龙矿业成立于 2004 年 02 月 18 日，注册资本人民币 30,000 万元，主要从 事黄金、锑及其他有色金属的开采、矿产品收购、销售等业务。 2023 年度，新龙矿业本部自产含量金 801 千克，含量锑 6,060 吨。 关于子公司新龙矿业本部临时停产的公告 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）收到子公司湖南新龙矿业有限责任 公司（以下简称新龙矿业）本部临时停产的报告，现将有关情况公告如下： 一、临时停产的原因 2024 年 3 月 27 日，子公司新龙矿业的采掘工程承包方湖 ...

Investment Rating - The report maintains a "Buy" rating for Hunan Gold, with a target price of 14.36 CNY, reflecting a valuation of 27X for gold and other segments in 2024 [15][16]. Core Views - Hunan Gold's performance is positively influenced by rising gold and antimony prices, although production declines in self-mined resources have partially offset gains [22][33]. - The company reported a revenue of 23.3 billion CNY in 2023, a year-on-year increase of 10.75%, and a net profit of 4.89 billion CNY, up 11.8% year-on-year [19][34]. Financial Summary - In 2023, Hunan Gold produced 47.7 tons of gold, a decrease of 0.75% year-on-year, with self-mined gold at 3.95 tons, down 14.38% [33]. - The average gold price in 2023 was 450 CNY per gram, an increase of 14.3% year-on-year, while the average antimony price was 81,500 CNY per ton, up 3.0% [33]. - The company's gross profit for 2023 was 1.658 billion CNY, reflecting a 3.45% increase year-on-year, with a gross margin of 7.12%, down 0.5 percentage points [33]. - The forecast for net profit for 2024-2026 is 7.49 billion CNY, 9.07 billion CNY, and 9.55 billion CNY respectively, with corresponding EPS of 0.62, 0.75, and 0.79 CNY per share [15][34]. Operational Insights - The company has implemented effective cost control measures, resulting in a decrease in expense ratio to 4.1% in 2023, down 0.55 percentage points year-on-year [2]. - The operational cash flow for 2023 was 997 million CNY, with expectations for growth in subsequent years [27]. Market Position - Hunan Gold's market capitalization is approximately 14.8 billion CNY, with a total share capital of 1,202 million shares [35]. - The company's asset-liability ratio stands at 17.06%, indicating a strong financial position [35].

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected price increase of over 15% in the next 6-12 months [26][35]. Core Views - The company achieved a revenue of 23.30 billion RMB in 2023, reflecting a year-on-year growth of 10.75%. The net profit attributable to the parent company was 489 million RMB, up 11.20% year-on-year [26]. - The report highlights that the company's production was impacted by mine shutdowns, but rising gold and antimony prices compensated for the decline in output [26]. - The company has improved its management efficiency, with a reduction in total expenses by 2.35% year-on-year [26]. - A dividend of 1.30 RMB per share (before tax) is proposed, with a payout ratio of 31.90%, which is an increase of 4.42 percentage points compared to 2022 [26]. - The company continues to enhance its resource base, having completed mining rights expansions and holding 34 mining rights by the end of 2023 [26]. Summary by Sections Financial Performance - Revenue for 2023 was 23.30 billion RMB, with a growth rate of 10.75%. The net profit was 489 million RMB, with a growth rate of 11.20% [29]. - The company expects revenues of 26.37 billion RMB, 27.63 billion RMB, and 28.11 billion RMB for 2024-2026, with corresponding net profits of 735 million RMB, 929 million RMB, and 1.06 billion RMB [29]. Cost and Profitability - The average selling price of self-produced gold increased by 11.92% to 456.49 RMB per gram, while the cost decreased by 4.33% to 235.76 RMB per gram [26]. - The gross profit margin for gold production improved by 8.77 percentage points to 48.35% [26]. Future Outlook - The report forecasts earnings per share (EPS) of 0.61 RMB, 0.77 RMB, and 0.89 RMB for 2024-2026, with price-to-earnings (P/E) ratios of 20.84, 16.49, and 14.39 respectively [29]. - The company is expected to maintain a steady growth trajectory, with a focus on cost reduction and efficiency improvements [26].

Financial Performance - The company's total revenue for 2023 reached CNY 23,302,874,970.82, representing a 7.12% increase compared to CNY 21,644,494,213.25 in 2022[22] - Gold sales amounted to CNY 21,123,829,680.46, a 4.17% increase year-over-year, while refined antimony sales surged by 36.94% to CNY 475,233,245.71[22] - The total revenue for the year 2023 was ¥23,302,874,970.82, representing a 10.75% increase compared to ¥21,040,831,859.08 in 2022[44] - The company’s gold sales accounted for 90.65% of total revenue, amounting to ¥21,123,829,680.46, up 13.25% from the previous year[44] - The company achieved a total revenue of 2.1 billion RMB, with a significant increase in sales from 2.53 billion RMB in the previous period[90] Production and Sales - The company produced 47,696 kg of gold in 2023, a slight decrease of 0.75% from 48,058 kg in 2022, while antimony production increased by 1.33% to 31,124 tons[23] - Gold production for the year was 47,696 kg, a decrease of 0.75% from 48,058 kg in the previous year[40] - The company reported a total of 31,124 tons of antimony produced, an increase of 1.33% from the previous year[40] - The production of antimony reached 31,124 tons, fulfilling 75.23% of the annual plan, while tungsten production was 941 standard tons, completing only 47.05% due to the suspension of a subsidiary[107] Cash Flow and Investments - The net cash flow from operating activities decreased by 19.38% year-over-year, primarily due to changes in operating receivables and inventory[29] - The company invested ¥295,590,000.00 during the reporting period, down 25.03% from ¥394,290,000.00 in the same period last year[34] - The total financial assets at the end of the period amounted to ¥555,840,060.00, with trading financial assets contributing ¥55,840,060.00[32] - The company’s financial liabilities were reported at ¥0.00 at the end of the period, indicating no outstanding debts[32] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 1.30 per 10 shares, totaling CNY 156,263,122.62 based on 1,202,039,474 shares[10] Innovation and Patents - The company holds 36 invention patents and 152 utility model patents, reflecting its commitment to innovation in gold, antimony, and tungsten mining and processing[15] Customer Base and Sales Concentration - The major customer, Shanghai Gold Exchange, contributed 86.46% of the total sales revenue, amounting to CNY 20,146,788,084.17[25] - Total sales amount from the top five customers reached ¥21,230,252,979.30, accounting for 91.11% of the annual total sales[47] Research and Development - Research and development investment amounted to ¥345,609,457.68, representing a 14.57% increase compared to ¥301,667,186.40 in 2022[53] - The company has completed research on slag and antimony separation, aiming to reduce slag rate by 20% and minimize metal loss[51] - The research project on deep hole blasting mining methods is expected to enhance mining efficiency and reduce costs[51] Future Plans and Projections - The company aims to produce 49,700 kg of gold, 36,000 tons of antimony, and 1,800 standard tons of tungsten in 2024[71] - The company projects a revenue growth of 12% for the next fiscal year, targeting a total revenue of 1.2 billion yuan[152] - New product development includes the launch of a refined gold product line, expected to contribute an additional 200 million yuan in revenue[152] - The company plans to expand its market presence by entering two new provinces in 2024, aiming for a 10% market share in those regions[152] - A strategic acquisition of a smaller mining company is in progress, which is expected to increase resource reserves by 30%[157] Governance and Management - The company has established a complete governance structure, ensuring independence from the controlling shareholder and maintaining a clear delineation of asset ownership[102][119] - The company has signed an "Industry Cultivation Agreement" with the controlling shareholder to mitigate competition and ensure priority purchasing rights for matured assets[121] - The company has a transparent performance evaluation and incentive mechanism for senior management, ensuring compliance with legal regulations[116] - The company has a strong management team, with key positions held by individuals with backgrounds in geology and finance, ensuring informed decision-making[188][189] Risk Management - The company is facing market price risks due to fluctuations in gold, antimony, and tungsten prices, which could significantly impact annual profit targets[93] - The company has implemented a strategy to enhance operational efficiency and cost control to mitigate risks associated with market volatility[93] - The company is focusing on risk management strategies to address resource reserve limitations, emphasizing exploration and acquisition efforts[157] Environmental and Social Responsibility - The company is committed to improving safety and environmental standards in response to increasing regulatory requirements[92] - The company emphasizes its commitment to environmental and social responsibility, aligning with industry best practices[197] Board and Shareholder Engagement - The company held six board meetings during the reporting period, with the latest on October 26, 2023[1] - All directors attended at least two board meetings, with no absences recorded for any director in the reporting period[2] - The audit committee held three meetings in 2023, focusing on the audit arrangements and preliminary results of the 2022 annual report[182] - There were no objections raised by the board members regarding company matters during the reporting period[179]

证券代码：002155 证券简称：湖南黄金 公告编号：临 2024-15 关于变更注册地址并修订《公司章程》的公告 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）第六届董事会第二十三次会议审议 通过了《关于变更注册地址并修订<公司章程>的议案》。根据《中华人民共和 国公司法》《中华人民共和国证券法》《上市公司章程指引》《上市公司独立董 事管理办法》《上市公司监管指引第 3 号—上市公司现金分红》《深圳证券交易 所股票上市规则》《深圳证券交易所上市公司自律监管指引第 1 号—主板上市公 司规范运作》等有关法律和规范性文件的有关规定，结合公司实际情况，公司拟 变更注册地址并对《公司章程》部分条款进行修订，具体修订内容如下： 一、注册地址变更情况 根据公司实际情况，公司拟将注册地址由"长沙经济技术开发区人民东路 211号1号栋9楼"变更为"长沙经济技术开发区人民东路二段217号14楼 "。 最终注册地址以市场监督管理部门核准的内容为准。 二、《公司章程》修订情况 | 修订前 | | | 修订后 | | ...