Market Overview - The precious metals sector experienced a decline of 2.9% compared to the previous trading day, with Zhongjin Gold leading the drop [1] - The Shanghai Composite Index closed at 3909.52, down 0.37%, while the Shenzhen Component Index closed at 13277.36, down 0.39% [1] Individual Stock Performance - The following table summarizes the closing prices, percentage changes, trading volumes, and transaction amounts for key stocks in the precious metals sector: - Zhaohui Gold (000506): Closed at 11.95, up 0.34%, with a trading volume of 260,100 shares and a transaction amount of 3.12 billion [1] - Western Gold (601069): Closed at 25.88, down 1.52%, with a trading volume of 93,100 shares and a transaction amount of 241 million [1] - Shanshe International (000975): Closed at 21.54, down 1.55%, with a trading volume of 373,600 shares and a transaction amount of 810 million [1] - Hunan Gold (002155): Closed at 20.74, down 2.03%, with a trading volume of 362,700 shares and a transaction amount of 753 million [1] - Hengbang Co. (002237): Closed at 12.72, down 2.08%, with a trading volume of 233,300 shares and a transaction amount of 298 million [1] - Shandong Gold (600547): Closed at 34.74, down 2.80%, with a trading volume of 319,500 shares and a transaction amount of 1.115 billion [1] - Sichuan Gold (001337): Closed at 27.14, down 2.90%, with a trading volume of 95,200 shares and a transaction amount of 260 million [1] - Chifeng Gold (600988): Closed at 29.81, down 3.03%, with a trading volume of 446,700 shares and a transaction amount of 1.336 billion [1] - Hunan Silver (002716): Closed at 6.25, down 3.10%, with a trading volume of 916,100 shares and a transaction amount of 5.751 billion [1] Fund Flow Analysis - The precious metals sector saw a net outflow of 968 million from main funds, while retail funds experienced a net inflow of 703 million [3] - The following table outlines the fund flow for individual stocks: - Zhaohui Gold (000506): Main funds net inflow of 37.63 million, retail funds net outflow of 29.18 million [4] - Chifeng Gold (600988): Main funds net inflow of 8.47 million, retail funds net outflow of 21.40 million [4] - Hengbang Co. (002237): Main funds net outflow of 13.95 million, retail funds net inflow of 2.87 million [4] - Sichuan Gold (001337): Main funds net outflow of 14.81 million, retail funds net inflow of 6.80 million [4] - Western Gold (601069): Main funds net outflow of 30.28 million, retail funds net inflow of 24.75 million [4] - Shanshe International (000975): Main funds net outflow of 31.25 million, retail funds net inflow of 2.88 million [4] - Hunan Gold (002155): Main funds net outflow of 90.56 million, retail funds net inflow of 63.69 million [4] - Hunan Silver (002716): Main funds net outflow of 1.07 billion, retail funds net inflow of 77.10 million [4] - Shandong Gold (600547): Main funds net outflow of 1.17 billion, retail funds net inflow of 47.97 million [4] - Xiaocheng Technology (300139): Main funds net outflow of 1.79 billion, retail funds net inflow of 196 million [4] ETF Performance - The gold stock ETF (product code: 159562) tracks the CSI Hong Kong and Shanghai Gold Industry Stock Index, with a recent five-day change of 3.84% and a price-to-earnings ratio of 24.03 times [6]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002237 证券简称：恒邦股份 公告编号：2025-117 债券代码：127086 债券简称：恒邦转债 山东恒邦冶炼股份有限公司 关于恒邦转债摘牌的公告 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."恒邦转债"赎回日：2025年11月28日 2."恒邦转债"摘牌日：2025年12月8日 3."恒邦转债"摘牌原因：存续期内可转债全部赎回 一、可转债基本情况 （一）可转债发行情况 经中国证券监督管理委员会《关于同意山东恒邦冶炼股份有限公司向不特定对象发行可转换公司债券注 册的批复》（证监许可〔2023〕1132号）核准，山东恒邦冶炼股份有限公司（以下简称"公司"）于2023 年6月12日公开发行了3,160万张可转债，每张面值100元，募集资金总额为316,000万元。扣除各项发行 费用合计人民币30,032,603.77元（不含增值税），公司实际募集资金净额为人民币3,129,967,396.23元。 上述资金到位情况已经和信会计师事务所（特殊普通合伙）验证，并出具了和信验字（20 ...

恒邦股份公告称，"恒邦转债"于2025年10月17日触发有条件赎回条款，公司决定行使提前赎回权利。截 至赎回登记日（2025年11月27日）收市，尚有48,473张未转股，公司全额赎回，支付赎回款486.09万元 （不含赎回手续费），占发行总额的0.15%，对财务无重大影响。自12月8日起，"恒邦转债"将在深交所 摘牌。因"恒邦转债"累计转股2.82亿股，公司总股本累计增加2.82亿股，短期内每股收益有所摊薄。此 外，公司持股5%以上股东及其一致行动人权益股份被动稀释。 ...

| 证券代码：002237 | 证券简称：恒邦股份 | 公告编号：2025-118 | | --- | --- | --- | | 债券代码：127086 | 债券简称：恒邦转债 | | 山东恒邦冶炼股份有限公司 关于恒邦转债赎回结果暨股份变动的公告 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。 重要内容提示： 1.赎回数量：4,847,300.00 元（48,473 张） 2.赎回兑付总金额：4,860,872.44 元 3.赎回款发放日：2025 年 12 月 5 日 4.可转债摘牌日：2025 年 12 月 8 日 一、可转债基本情况 （一）可转债发行情况 经中国证券监督管理委员会《关于同意山东恒邦冶炼股份有限公司向不特定对 象发行可转换公司债券注册的批复》（证监许可〔2023〕1132 号）核准，山东恒邦 冶炼股份有限公司（以下简称"公司"）于 2023 年 6 月 12 日公开发行了 3,160 万 张可转债，每张面值 100 元，募集资金总额为 316,000 万元。扣除各项发行费用合 计人民币 30,032,603.77 元（不含增值税），公司 ...

| 证券代码：002237 | 证券简称：恒邦股份 | 公告编号：2025-117 | | --- | --- | --- | | 债券代码：127086 | 债券简称：恒邦转债 | | 山东恒邦冶炼股份有限公司 关于恒邦转债摘牌的公告 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."恒邦转债"赎回日：2025 年 11 月 28 日 2."恒邦转债"摘牌日：2025 年 12 月 8 日 3."恒邦转债"摘牌原因：存续期内可转债全部赎回 一、可转债基本情况 （一）可转债发行情况 公司于 2024 年 6 月 4 日披露了《2023 年年度权益分派实施公告》（公告编号： 2024-035），根据相关法规和《募集说明书》的规定，需要调整转股价格。"恒邦 转债"的转股价格由 11.46 元/股调整为 11.33 元/股，调整后的转股价格自 2024 年 6 月 12 日起生效。具体内容详见公司同日在巨潮资讯网（www.cninfo.com.cn）上披 露的《关于调整"恒邦转债"转股价格的公告》（公告编号：2024-036）。 根据《募集说明书》的 ...

Core Insights - The precious metals sector experienced a slight increase of 0.12% on December 5, with Xiaocheng Technology leading the gains [1] - The Shanghai Composite Index closed at 3902.81, up 0.7%, while the Shenzhen Component Index closed at 13147.68, up 1.08% [1] Precious Metals Sector Performance - Xiaocheng Technology (300139) saw a significant rise of 14.62%, closing at 27.28 with a trading volume of 905,700 shares and a transaction value of 2.424 billion [1] - Sichuan Gold (001337) increased by 4.16%, closing at 28.03 with a trading volume of 161,100 shares [1] - Other notable performers included Hengbang Shares (002237) up 3.56%, Western Gold (601069) up 3.53%, and Zhongjin Gold (600489) up 3.25% [1] Capital Flow Analysis - The precious metals sector saw a net inflow of 464 million in main funds, while retail funds experienced a net outflow of 28.84 million [1] - Xiaocheng Technology had a main fund net inflow of 2.441 billion, but retail funds saw a net outflow of 16.54 million [2] - Other companies like Zhongjin Gold and Chifeng Gold also experienced mixed capital flows, with varying levels of net inflow and outflow from main and retail investors [2]

中经记者 孙汝祥 夏欣 北京报道 12月2日，恒邦股份（002237.SZ）临时股东大会终于完成了两名独立董事的补选程序。此时，距离前任 两名独董提出辞职之日113天，较规定的最晚60日内补选时限超过53天。 8月11日，恒邦股份两名独董因任期届满提出辞职，将导致独董占董事会成员比例低于三分之一。但公 司未能按规定自独董提出辞职之日起60日内完成补选。为此，11月25日，山东证监局决定对公司采取责 令改正的行政监管措施。 此前，在4月份，另一名独董以"工作繁忙"为由申请辞职。值得注意的是，该独董对恒邦股份2024年报 投了反对票，未签署书面确认意见；对2025年一季报表示无法保证内容的真实、准确、完整。 今年6月，恒邦股份曾因未及时披露公司高管被采取刑事强制措施，被山东证监局责令改正。 受访专家对《中国经营报》记者表示，恒邦股份存在合规意识淡薄，董事会不作为、效率不高等问题， 而这些问题在上市公司中具有一定的普遍性。为此，一方面要加大违规处罚力度，另一方面应多措并 举，促成上市公司形成良好的公司治理文化。 独董补选超时 12月2日，恒邦股份方面披露，当日召开临时股东大会，补选独董的议案获通过，钟美瑞、陈志武被 ...

Market Overview - The market showed weakness with the Shanghai Composite Index down 0.21%, Shenzhen Component Index down 0.34%, and ChiNext Index down 0.27% as of 9:44 AM [1] - The precious metals sector saw gains, led by Xiaocheng Technology, with Sichuan Gold and Western Gold also rising [1] - The insurance sector performed well, with China Pacific Insurance, China Life Insurance, and China Reinsurance showing significant increases [1] - In contrast, the semiconductor and real estate sectors experienced notable declines [1] Precious Metals Sector - The precious metals sector strengthened, with Xiaocheng Technology leading the gains at a price of 26.77, up 12.48% [3] - Sichuan Gold and Western Gold also saw increases of 1.82% and 1.67%, respectively [3] - Huatai Securities predicts that gold prices may rise above $4800/oz in 2026 due to expectations of declining U.S. real interest rates and a potential economic recovery phase [2] Institutional Perspectives - Zhongtai Securities anticipates that the index will likely maintain a volatile pattern in the near term, with robots and brokerages being the main focus leading up to the Chinese New Year [4] - Dongfang Securities suggests that the market remains weak in the short term, recommending investors to selectively buy technology stocks as the index is expected to strengthen [5] - Everbright Securities believes that the index may rebound soon, supported by a classic volume-price signal, and highlights the phosphoric chemical sector as a potential focus [6]

| 代码 | 名称 | 涨幅%v | 现价 | | --- | --- | --- | --- | | 300139 | 晓程科技 | +13.45% | 27.00 | | 601069 | 西部黄金 | +1.67% | 26.24 | | 001337 | 四川黄金 | +1.45% | 27.30 | | 002237 | 恒邦股份 | +1.34% | 12.82 | | 600489 | 中金黄金 | +0.68% | 22.28 | | 000506 | 招金黄金 | +0.60% | 11.81 | | 002155 | 湖南黄金 | +0.48% | 21.12 | | 002716 | 湖南自银 | +0.31% | 6.40 | | 600988 | 赤峰黄金 | +0.49% | 30.52 | | 600547 | 山东黄金 | +0.45% | 35.83 | 编辑 ｜ 钉钉 12月5日早盘， 贵金属板块领涨，黄金方向发力 ，截至发稿，晓程科技涨超13%，西部黄金、四川黄 金、中金黄金、湖南黄金等纷纷走高。 ...

Core Viewpoint - The precious metals sector is leading the market, with significant gains in gold-related stocks, particularly highlighted by the performance of Xiaocheng Technology, which surged over 13% [1]. Group 1: Stock Performance - Xiaocheng Technology (300139) experienced a notable increase of 13.45%, reaching a price of 27.00 [2]. - Western Gold (601069) rose by 1.67%, with a current price of 26.24 [2]. - Sichuan Gold (001337) saw a gain of 1.45%, priced at 27.30 [2]. - Hengbang Shares (002237) increased by 1.34%, now at 12.82 [2]. - Zhongjin Gold (600489) had a modest rise of 0.68%, priced at 22.28 [2]. - Zhaojin Gold (000506) grew by 0.60%, with a current price of 11.81 [2]. - Hunan Gold (002155) increased by 0.48%, now at 21.12 [2]. - Hunan Silver (002716) saw a slight rise of 0.31%, priced at 6.40 [2]. - Chifeng Gold (600988) increased by 0.49%, with a price of 30.52 [2]. - Shandong Gold (600547) rose by 0.45%, currently priced at 35.83 [2].