Core Viewpoint - International gold prices have entered a new round of increases, becoming increasingly "unattainable" as they reach historical highs, driven by multiple factors including expectations of interest rate cuts by the Federal Reserve, weakened dollar confidence, and ongoing geopolitical risks [2][4][5]. Price Trends - Since the beginning of the year, international spot gold prices have risen from $2,625 per ounce to over $3,600 per ounce, with a cumulative increase of over $1,000 per ounce and a year-to-date rise of 40% [2][4]. - On September 9, spot gold prices reached a record high of $3,674.78 per ounce, with domestic gold concept stocks experiencing significant gains [2][4]. - The retail price of physical gold has also seen a notable increase, with prices for gold jewelry surpassing historical peaks, reaching over 1,070 RMB per gram [2]. Factors Driving Gold Prices - The recent surge in gold prices is attributed to three main factors: expectations of interest rate cuts by the Federal Reserve, concerns over the Fed's independence affecting the dollar index, and rising risk aversion due to fiscal and political pressures [5]. - The downward revision of U.S. non-farm employment data has intensified market bets on multiple rate cuts by the Fed within the year [5]. - Global central banks have been increasing their gold reserves, providing long-term support for gold prices. As of August, China's central bank's gold reserves increased to 74.02 million ounces, marking the tenth consecutive month of increases [6]. Long-term Outlook - Many institutions believe that the upward trend in gold prices is likely to continue in the medium to long term, driven by the weakening of the dollar-based credit monetary system and ongoing geopolitical instability [8]. - Analysts predict that gold prices could reach $3,800 per ounce in the near future, with significant support from ongoing central bank purchases and rising demand for safe-haven assets [8][9]. - Major financial institutions have raised their target prices for gold, with forecasts suggesting prices could reach between $4,000 and $5,000 per ounce by 2026 under extreme risk scenarios [9]. Investment Strategy - Given the low correlation of gold with other major asset classes, it is recommended that investors consider gold as a fundamental component of their asset allocation, employing strategies such as dollar-cost averaging or buying on dips [9].

证券之星消息，9月10日贵金属板块较上一交易日下跌1.19%，招金黄金领跌。当日上证指数报收于 3812.22，上涨0.13%。深证成指报收于12557.68，上涨0.38%。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) | | --- | --- | --- | --- | --- | --- | | 601069 | 西部賃金 | 33.20 | 7.41% | 89.23万 | 28.44亿 | | 002237 | 恒邦股份 | 15.23 | 3.54% | 119.78万 | 18.04亿 | | 300139 | 晓程科技 | 27.41 | 0.22% | 119.16万 | 32.09亿 | | 600489 | 中金黄金 | 19.09 | -0.05% | 147.41万 | 27.81亿 | | 001337 | 四川黄金 | 28.76 | -0.31% | 42.18万 | 11.89 Z | | 600988 | 赤峰黄金 | 30.25 | -1.79% | 110.91万 | 33.13亿 | | 002155 | ...

9月10日，恒邦股份涨5.03%，截至发稿，报15.45元/股，成交15.00亿元，换手率10.99%，总市值177.38 亿元。 资料显示，山东恒邦冶炼股份有限公司位于山东省烟台市牟平区水道镇金政街11号，成立日期1994年2 月18日，上市日期2008年5月20日，公司主营业务涉及黄金探矿、采矿、选矿、冶炼、化工及稀散金属 生产。主营业务收入构成为：黄金63.14%，电解铜19.52%，白银8.97%，矿粉销售2.85%，有色金属贸 易1.57%，铅1.54%，锌、锑、铋、硒等金属1.04%，硫酸0.56%，磷铵及其他化肥0.53%，其他0.23%， 其他(补充)0.06%。 从恒邦股份十大流通股东角度 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，南方基金旗下1只基金位居恒邦股份十大流通股东。南方中证1000ETF（512100）二季度新 进十大流通股东，持有股数530.12万股，占流通股的比例为0.58%。根据测算，今日浮盈赚取约3 ...

地址：上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于山东恒邦冶炼股份有限公司 2025 年第四次临时股东大会的 法律意见书 上海市锦天城律师事务所 关于山东恒邦冶炼股份有限公司 2025 年第四次临时股东大会的 法律意见书 致：山东恒邦冶炼股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受山东恒邦冶炼股份有限 公司（以下简称"公司"）委托，就公司召开 2025 年第四次临时股东大会（以 下简称"本次临时股东大会"）的有关事宜，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》等法律、法规、规章和其他 规范性文件以及《山东恒邦冶炼股份有限公司章程》（以下简称"《公司章程》"） 的有关规定，出具本法律意见书。 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业规则（试行）》等规定，严格履行 了法定职责，遵循了勤勉尽责和诚实信用原则，对本次临时股东大会 ...

山东恒邦冶炼股份有限公司 | 证券代码：002237 | 证券简称：恒邦股份 公告编号：2025-068 | | --- | --- | | 债券代码：127086 | 债券简称：恒邦转债 | 2025 年第四次临时股东大会决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 特别提示： 1.本次股东大会无否决提案的情形。 2.本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 （一）召开情况 1.股东大会届次：2025 年第四次临时股东大会 2.会议召集人：山东恒邦冶炼股份有限公司董事会 3.现场会议召开时间：2025年9月9日下午14:30 网络投票时间：2025年9月9日。其中： （1）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9月9日上 午9:15～9:25、9:30～11:30，下午13:00～15:00； （2）通过深圳证券交易所互联网投票的具体时间为：2025年9月9日上午9:15至 下午15:00期间的任意时间。 4.召开地点：山东省烟台市牟平区水道镇金政街11号公司1号办公楼二楼第一会议室 5.主持 ...

磷化工概念走强，恒邦股份、天际股份涨停，云天化、兴发集团等跟涨。 ...

每经记者｜彭斐 每经编辑｜董兴生 基于调查结果，依据相关法规，烟台市牟平区应急管理局对负有责任的公司及相关当事人开出了严厉的 罚单。 记者注意到，恒邦股份被处以罚款271万元。与此同时，多张针对公司高管及核心管理人员的罚单同时 到来，问责范围之广、处罚力度之大，在近年A股上市公司中实属罕见。 具体来看，时任董事长张帆被罚款49.66万元；现任公司副董事长、总裁的曲胜利，则被罚款308.25万 元，这一金额甚至超过对公司的罚款金额。 事故发生一年后，恒邦股份的一则公告，揭开了一起安全生产事故的沉重后续。 9月8日盘后，恒邦股份（002237.SZ，股价13.37元，市值153.5亿元）发布公告披露，其于2025年9月5日 收到了烟台市牟平区应急管理局出具的《行政处罚决定书》，证实2024年8月3日发生在该公司冶炼一公 司的灼烫事故，不仅造成3人死亡、14人受伤（其中2人重伤）的严重后果和814.7万元的直接经济损 失，更存在"瞒报、谎报"的恶劣情形。 《每日经济新闻》记者注意到，恒邦股份被处以271万元的罚款，而包括公司时任董事长、现任总裁在 内的一众高管也收到巨额罚单。其中，对现任总裁曲胜利的罚款金额高达30 ...

山东恒邦冶炼股份有限公司（以下简称"公司"）因 2024 年 8 月 3 日发生安全 事故接受相关主管部门调查（详见公司 2024 年 8 月 13 日、2024 年 11 月 20 日、2025 年 3 月 25 日披露的相关公告，公告编号：2024-046、2024-059、2025-013）。公司 及相关当事人于 2025 年 9 月 5 日收到烟台市牟平区应急管理局出具的《行政处罚决 定书》（（鲁烟牟）应急罚〔2025〕SG4 号、SG6 号、SG7 号、SG8 号、SG9 号、SG10 号、SG11 号、SG12 号、SG13 号、SG14 号、SG15 号、SG16 号）。现将有关情况公告 如下： 一、《行政处罚决定书》主要内容 2024 年 8 月 3 日 18 时 56 分公司冶炼一公司熔炼车间发生一起灼烫事故，造成 3 人死亡、2 人重伤、12 人轻伤，直接经济损失 814.7 万元。经调查，此事故是一起 因工艺控制及风险辨识不到位、设备带病运行、水套漏水后违规处置，造成的较大 生产安全责任事故，存在瞒报、谎报情形,公司及相关当事人对事故的发生负有责任。 | 证券代码：002237 | 证券 ...

Company Overview - Hengbang Co., Ltd. is primarily engaged in gold exploration, mining, beneficiation, smelting, chemical production, and rare metal production, with gold accounting for 63.14% of its main business revenue [1][2] - The company was established on February 18, 1994, and went public on May 20, 2008 [1] Financial Performance - For the first half of 2025, Hengbang Co., Ltd. achieved operating revenue of 43.05 billion yuan, representing a year-on-year growth of 5.08%, and a net profit attributable to shareholders of 309 million yuan, up 3.53% year-on-year [2] - The company has distributed a total of 760 million yuan in dividends since its A-share listing, with 317 million yuan distributed in the last three years [3] Stock Performance - As of September 5, Hengbang Co., Ltd.'s stock price increased by 31.94% year-to-date, with a 4.29% rise in the last five trading days, 7.35% in the last twenty days, and 2.18% in the last sixty days [1] - The stock was trading at 13.14 yuan per share, with a market capitalization of 15.086 billion yuan [1] Shareholder Information - As of August 29, the number of shareholders of Hengbang Co., Ltd. was 46,100, a decrease of 3.27% from the previous period, with an average of 19,757 circulating shares per shareholder, an increase of 3.38% [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited and Southern CSI 1000 ETF, with the latter being a new entrant [3] Capital Flow - On September 5, the net inflow of main funds was 5.3513 million yuan, with large orders accounting for 29.68% of purchases and 29.18% of sales [1]

Core Viewpoint - Hengbang Co., Ltd. has experienced a stock price decline of 2.04% on September 4, with a current price of 12.97 yuan per share and a total market capitalization of 14.891 billion yuan [1] Company Overview - Hengbang Co., Ltd. was established on February 18, 1994, and listed on May 20, 2008. The company is primarily engaged in gold exploration, mining, beneficiation, smelting, chemical production, and rare metal production [1] - The main revenue composition includes gold (63.14%), electrolytic copper (19.52%), silver (8.97%), and other metals and products [1] Financial Performance - For the first half of 2025, Hengbang Co., Ltd. achieved operating revenue of 43.05 billion yuan, representing a year-on-year growth of 5.08%. The net profit attributable to shareholders was 309 million yuan, up 3.53% year-on-year [2] Shareholder Information - As of August 29, 2025, the number of shareholders is 46,100, a decrease of 3.27% from the previous period. The average circulating shares per person increased by 3.38% to 19,757 shares [2] - The company has distributed a total of 760 million yuan in dividends since its A-share listing, with 317 million yuan distributed in the last three years [3] Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited is the sixth-largest circulating shareholder, holding 9.9974 million shares, a decrease of 926,400 shares from the previous period. Southern CSI 1000 ETF is a new addition to the top ten circulating shareholders, holding 5.3012 million shares [3]