Financial Performance - The company's revenue for Q1 2025 was CNY 1,890,390,795.75, representing a 19.01% increase compared to CNY 1,588,402,787.77 in the same period last year[5] - Net profit attributable to shareholders reached CNY 27,983,205.52, a significant increase of 494.88% from CNY 4,704,007.25 year-on-year[5] - Total operating revenue for the current period reached ¥1,890,390,795.75, an increase of 19.0% compared to ¥1,588,402,787.77 in the previous period[22] - Net profit for the current period was ¥27,983,205.52, a significant increase from ¥4,704,007.25 in the previous period[23] - The company reported a comprehensive income total of ¥24,738,407.14, compared to a loss of ¥15,851,389.00 in the previous period[23] - Basic and diluted earnings per share increased to 0.0099 from 0.0017, representing a growth of 482.35%[24] Cash Flow - The net cash flow from operating activities was negative at CNY -210,084,921.91, a decline of 1,311.81% compared to CNY 17,336,424.99 in the previous year[5] - Cash inflow from operating activities totaled CNY 2,082,876,659.77, up from CNY 1,734,589,289.63, an increase of 20.05%[24] - Net cash flow from operating activities decreased to -CNY 210,084,921.91 from CNY 17,336,424.99, indicating a decline in operational cash generation[24] - Cash outflow from investing activities was CNY 51,167,254.29, compared to CNY 6,991,012.74 in the previous period, reflecting an increase of 632.77%[25] - Net cash flow from investing activities was -CNY 49,467,254.29, down from CNY 1,242,682.26, showing a significant reduction in investment returns[25] - Cash inflow from financing activities was CNY 169,390,000.00, down from CNY 301,732,499.93, a decrease of 43.73%[25] - Net cash flow from financing activities decreased to CNY 137,566,572.27 from CNY 224,912,609.64, a decline of 61.14%[25] - The ending balance of cash and cash equivalents was CNY 429,178,232.68, down from CNY 491,731,341.79, a decrease of 12.70%[25] Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,245,374,962.15, up 13.13% from CNY 5,520,712,852.94 at the end of the previous year[5] - The company’s total liabilities increased, with accounts payable rising by 55.67% to CNY 1,180,916,406.36, attributed to increased procurement activities[8] - Total liabilities increased to ¥2,928,004,694.10, compared to ¥2,230,861,256.68 in the previous period, representing a rise of 31.3%[20] - The company's equity attributable to shareholders reached ¥3,317,370,268.05, up from ¥3,289,851,596.26, a growth of 0.8%[20] Inventory and Prepayments - The company reported a 545.13% increase in prepayments, totaling CNY 146,503,317.23, primarily due to raw material purchases not yet settled[8] - Inventory increased by 68.09% to CNY 1,786,260,262.15, driven by proactive stockpiling in anticipation of production capacity upgrades[8] - Inventory reached 1,786,260,262.15 RMB, up from 1,062,687,794.00 RMB, indicating a significant increase in stock levels[18] Research and Development - Research and development expenses surged by 392.56% to CNY 10,562,189.58, reflecting increased investment in R&D initiatives[9] - Research and development expenses increased to ¥10,562,189.58, compared to ¥2,144,363.43 in the previous period, reflecting a growth of 392.5%[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 72,524, with no preferred shareholders[11] - The top shareholder, Zhuzhou Development Investment Group, holds 210,000,000 shares, representing a 7.44% stake in the company[12] - The second-largest shareholder, Hunan Gold Group, owns 191,644,339 shares, accounting for 6.79% of total shares[12] Management and Strategy - The company appointed a new CFO, Yang Yang, to enhance financial management and oversight[14] - The company is focusing on expanding its market presence and enhancing product offerings through strategic investments and partnerships[15] - The company’s financial performance will be closely monitored in the next quarter to evaluate the impact of recent strategic decisions[17] Audit Status - The company did not undergo an audit for the first quarter report[26] - The financial report for the first quarter was not audited, indicating a potential area for investor scrutiny[26]

证券代码：002716 证券简称：湖南白银 公告编号：2025-022 湖南白银股份有限公司 关于诉讼事项进展的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导 性陈述或重大遗漏。 湖南白银股份有限公司(以下简称"湖南白银"或"公司") 及子公司西藏金和矿业有限公司（以下简称"金和矿业"） 于近日收到了北京市第二中级人民法院送达的《民事判决书》 ﹝（2025）京 02 民终 1232 号﹞及西藏自治区高级人民法院 送达的《民事裁定书》﹝(2025)藏民申 7 号﹞，现将相关诉 讼事项进展公告如下： 一、公司与中金嘉禾（北京）投资有限公司合同纠纷案 诉讼进展情况 （一）诉讼的基本情况 2、案由：服务合同纠纷 1、诉讼当事人 上诉人（原审原告、反诉被告）：中金嘉禾（北京） 投资有限公司 被上诉人（原审被告、反诉原告）：湖南白银股份有 限公司 3、案件情况 中金嘉禾（北京）投资有限公司（以下简称"嘉禾公 司"）因与公司就《咨询顾问协议》项下剩余咨询顾问费 1 支付问题产生争议，不服北京市丰台区人民法院（2023） 京 0106 民初 31402 号民事判决，向北京市第二中级人民法 院提 ...

中国国际金融股份有限公司 关于湖南白银股份有限公司 发行股份购买资产并募集配套资金暨关联交易 之 2024 年度持续督导意见 独立财务顾问 北京市建国门外大街 1 号国贸大厦 2 座 27 层及 28 层 签署日期：二〇二五年四月 声明和承诺 中国国际金融股份有限公司（以下简称"中金公司"或"本独立财务顾问"）接受 委托，担任湖南白银股份有限公司（曾用名"郴州市金贵银业股份有限公司"，以下简 称"上市公司"、"公司"、"金贵银业"、"湖南白银"）发行股份购买资产并募集 配套资金暨关联交易的独立财务顾问。本独立财务顾问按照证券行业公认的业务标准、 道德规范，本着诚实信用、勤勉尽责的态度，出具本持续督导意见。 1、本持续督导意见所依据的文件和材料由本次交易各方提供，提供方已承诺其所 提供的有关资料均为真实、准确和完整的，不存在虚假记载、误导性陈述或者重大遗漏， 并承担因违反上述承诺而引致的个别和连带的法律责任。 2、本独立财务顾问已按照规定履行尽职调查义务，有充分理由确信所发表的专业 意见与上市公司披露的文件内容不存在实质性差异，确信上市公司信息披露文件真实、 准确、完整。 3、本持续督导意见不构成对上市公司的任 ...

Core Viewpoint - The article discusses the significant decline of the US dollar, which has fallen below the 98 mark, leading to a rise in Asian currencies and increased interest in gold as a safe-haven asset [1][3]. Currency and Dollar Performance - The US dollar index has dropped to a three-year low, with a decline of over 1.4% on April 21, 2025, and a year-to-date increase of approximately 11.38% for the euro against the dollar and 12% for the yen [3][4]. - Goldman Sachs estimates that the dollar is overvalued by 20%, attributing this to the adverse effects of US tariff policies on the dollar's credibility [2][4]. Gold Market Dynamics - Gold has emerged as the primary beneficiary of the dollar's decline, with record inflows into gold funds amounting to $8 billion in the past week, surpassing stock fund inflows of $7.9 billion [5][6]. - The price of gold futures reached over $3,400 per ounce, while domestic gold prices exceeded 800 yuan per gram, reflecting a strong demand for gold as a hedge against dollar asset risks [2][5]. Investment Trends - The inflow into gold ETFs has been robust, with a continuous increase for 12 weeks, marking the longest streak since 2022. The total inflow for the first quarter of 2025 reached $21 billion, with 226 tons of gold added [6]. - In China, gold ETF inflows were approximately 5.6 billion yuan in March, contributing to a total asset management scale of 101 billion yuan, a record high [6]. Economic Outlook - Analysts suggest that the ongoing issues with the dollar's credibility are likely to persist, with the US economy facing potential recession or stagflation. This situation may lead to increased investment in precious metals [7].

中国国际金融股份有限公司 关于湖南白银股份有限公司 发行股份购买资产并募集配套资金暨关联交易 之 2024 年度募集资金存放与使用情况的专项核查意见 中国国际金融股份有限公司（以下简称"中金公司"、"独立财务顾问"）作 为湖南白银股份有限公司（曾用名"郴州市金贵银业股份有限公司"，以下简称 "湖南白银"或"公司"）发行股份购买资产并募集配套资金暨关联交易之独立 财务顾问，根据《上市公司重大资产重组管理办法》《上市公司监管指引第 2 号 ——上市公司募集资金管理和使用的监管要求》《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 相关法律、法规和规范性文件的规定，对公司 2024 年度募集资金存放与使用情 况进行了审慎核查，核查情况及意见如下： 一、募集资金基本情况 （一）募集资金金额、资金到账时间 经中国证券监督管理委员会《关于同意郴州市金贵银业股份有限公司发行股 份购买资产并募集配套资金注册的批复》（证监许可[2024]174 号）核准，湖南白 银向湖南省矿产资源集团有限责任公司（曾用名"湖南有色产业投资集团有限责 任公司"）发行股份募集资金不超过 3 ...

湖南白银股份有限公司 2024 年度监事会工作报告 2024 年，湖南白银股份有限公司（以下简称"公司"） 监事会严格按照《公司法》《证券法》《公司章程》及《监 事会议事规则》等有关规定和要求，本着对全体股东负责的 态度，依法独立行使职权，认真履行监督职责。报告期内， 监事会共召开 6 次会议，并依法列席报告期内董事会和股东 大会，对公司经营活动、财务状况、重大决策、股东大会召 开程序以及董事、高级管理人员履行职责实施了有效监督， 切实有效地保障了股东、公司和员工的合法权益。现将监事 会在 2024 年度工作情况报告如下： 一、2024 年度监事会会议召开情况 报告期内，公司监事会共召开了 6 次会议，会议的召集 与召开程序、出席会议人员的资格、会议表决程序、表决结 果和决议内容均符合法律法规和《公司章程》的规定，会后 对有关信息进行了及时披露，具体情况如下： （一）2024 年 3 月 1 日，组织召开了第五届监事会第十 六次现场会议，审议通过了《关于选举公司第六届监事会非 职工代表监事的议案》； （二）2024 年 3 月 8 日，组织召开了第五届监事会第十 七次现场会议，审议通过了《关于拟与湖南黄金珠宝 ...

Financial Performance - The company's operating revenue for the year reached ¥8,313,104,638.16, representing a 61.76% increase compared to ¥5,139,090,733.56 in the previous year[19]. - The net profit attributable to shareholders was ¥169,767,192.07, a significant turnaround from a loss of ¥160,687,611.48, marking a 205.65% improvement[19]. - The net cash flow from operating activities was ¥698,043,409.60, a remarkable increase of 1,218.66% from -¥62,399,710.32 in the previous year[19]. - Total assets increased by 31.86% to ¥5,520,712,852.94 from ¥4,186,799,550.62 at the end of the previous year[19]. - The net assets attributable to shareholders rose by 99.57% to ¥3,289,851,596.26 from ¥1,648,476,606.24 at the end of the previous year[19]. - The weighted average return on equity improved to 5.78% from -9.21% in the previous year[19]. - The company reported a basic earnings per share of ¥0.06, a recovery from a loss of ¥0.07 per share in the previous year[19]. - The company achieved an operating income of approximately 8.3 billion yuan, a year-on-year increase of 61.76%, and a net profit of about 170 million yuan, up 205.65%[42]. Strategic Initiatives - The company plans to expand its market presence through strategic acquisitions and partnerships, including transactions with Hunan Mineral Resources Group and Hunan Gold Group[17]. - The strategic plan for 2024-2030 focuses on "real industry development + capital operation" with a goal to become a leading enterprise in the silver, lead, and zinc industry[43]. - The company is actively expanding its silver product sales channels and enhancing cultural tourism integration through its subsidiary Jinfu Silver[30]. - The company has shown a commitment to enhancing its operational capabilities and financial stability following its restructuring process initiated in 2020[17]. Environmental and Safety Compliance - The company has established a safety and environmental protection system, conducting seven emergency drills throughout the year[45]. - The company has complied with environmental protection regulations, with all projects passing environmental assessments and maintaining valid administrative licenses[160]. - The company was rated as a blue card enterprise in the 2023 environmental credit evaluation by the Hunan Provincial Ecological Environment Department[161]. - Hunan Baiyin Co., Ltd. has established a wastewater treatment system with a daily capacity of 120m³ for acidic wastewater and 3600m³ for total wastewater, ensuring compliance with relevant pollution discharge standards[163]. - The company achieved a goal of "zero fire accidents, zero environmental pollution incidents, and zero new occupational cases" throughout the year[177]. Governance and Management Changes - The company reported a leadership change with multiple executives, including the Chairman and General Manager, stepping down on March 19, 2024, due to a board reshuffle[100]. - The new Chairman, Li Guangmei, and the new General Manager, Kang Rulong, were elected on March 19, 2024[101]. - The company experienced a significant turnover in its board, with 12 members, including independent directors, leaving their positions due to the board restructuring[100]. - The company plans to expand its management team with the election of new executives, including the Vice Chairman and several board members, to enhance governance[101]. Risk Management - The company faces risks related to raw material procurement, including potential cost mismatches if market prices rise before raw materials are priced[79]. - The company has implemented strict risk control measures for its commodity futures hedging activities, focusing on effective hedging against raw material and product price fluctuations[79]. - The company's risk management framework includes measures for price volatility, liquidity, funding, internal control, and technology risks[79]. Research and Development - Research and development expenses increased by 808.68% to ¥41,373,678.51, primarily due to the acquisition of Baoshan Mining[62]. - The number of R&D personnel increased by 167.19% to 171, with a significant rise in the number of bachelor's degree holders[63]. - The company added five new research and development projects during the year, enhancing its development quality[64]. Investor Relations and Transparency - The company has a comprehensive disclosure strategy, utilizing multiple media outlets for transparency[15]. - The company emphasizes the importance of investor awareness regarding investment risks associated with environmental and market factors[4]. - The company actively engages in investor relations management, ensuring timely and accurate information disclosure[176]. Shareholder and Financial Commitments - The company reported a plan not to distribute cash dividends or issue bonus shares for the fiscal year 2024[4]. - The company has not engaged in speculative derivative investments during the reporting period[80]. - The company guarantees the authenticity, accuracy, and completeness of the provided information and documents, ensuring no false records, misleading statements, or significant omissions exist[191].

Core Viewpoint - Hunan Silver (002716) reported significant financial growth in 2024, with total revenue reaching 8.313 billion yuan, a year-on-year increase of 61.76%, and a net profit of 170 million yuan, up 205.65%. However, the company's stock price fell sharply, indicating a lack of market confidence despite strong financial results [1][4][6]. Financial Performance - The company's revenue for 2024 was 8.313 billion yuan, reflecting a 61.76% increase year-on-year, while net profit was 170 million yuan, marking a 205.65% growth [4]. - The growth was primarily driven by rising prices of precious metals like silver and gold, along with an expansion in production scale [4]. - Despite the revenue and profit growth, the company's gross margin was only 6.55%, significantly lower than the industry average, indicating room for improvement in cost control and product value enhancement [4]. Production Metrics - Hunan Silver produced 761.08 tons of silver in 2024, a 28.35% increase year-on-year, and 2,683.28 kilograms of gold, up 35.52% [4]. - However, the production of lead ingots decreased by 8.59% to 62,500 tons, which may impact overall profitability, especially in a volatile lead price market [4]. Subsidiary Performance - The performance of subsidiaries varied, with Baoshan Mining achieving record highs in revenue, profit, and tax contributions due to increased production capacity [5]. - Conversely, Xizang Jinhe Mining faced slow progress in exploration and resource expansion, leading to uncertainty in future mining development [5]. - Jinfu Silver, the main platform for silver product sales, experienced slow retail growth despite market reforms, while Baiyin City needs to enhance its cultural tourism integration to improve competitiveness [5]. Market Sentiment - Despite strong financial results, Hunan Silver's stock price fell to the limit down on April 9, indicating weak market confidence [6]. - Concerns regarding the low gross margin, mixed subsidiary performance, and fluctuations in precious metal prices contributed to the stock's poor performance [6]. - The company has outlined a "High-Quality Development Strategic Plan (2024-2030)" with a "1234" development strategy, but market skepticism remains regarding its execution and sustainability of future growth [6].

目 录 一、非经营性资金占用及其他关联资金往来情况的专项 | | | 二、非经营性资金占用及其他关联资金往来情况汇总表…………… 第 3 页 三、附件…………………………………………………………… 第 4—7 页 (一) 本所营业执照复印件……………………………………… 第 4 页 (二) 本所执业证书复印件……………………………………… 第 5 页 (三) 本所签字注册会计师执业证书复印件……………… 第 6—7 页 非经营性资金占用及其他关联资金往来情况的 专项审计说明 天健审〔2025〕2-204 号 湖南白银股份有限公司全体股东： 我们接受委托，审计了湖南白银股份有限公司（以下简称湖南白银公司）2024 年度财务报表，包括 2024 年 12 月 31 日的合并及母公司资产负债表，2024 年度 的合并及母公司利润表、合并及母公司现金流量表、合并及母公司所有者权益变 动表，以及财务报表附注，并出具了审计报告。在此基础上，我们审计了后附的 湖南白银公司管理层编制的 2024 年度《非经营性资金占用及其他关联资金往来 情况汇总表》（以下简称汇总表）。 一、对报告使用者和使用目的的限定 本报告仅供湖南白银公 ...

中国国际金融股份有限公司 关于湖南白银股份有限公司 发行股份购买资产并募集配套资金暨关联交易 之 2024 年度业绩承诺实现情况的核查意见 中国国际金融股份有限公司（以下简称"中金公司"、"独立财务顾问"）作为湖 南白银股份有限公司（曾用名"郴州市金贵银业股份有限公司"，以下简称"湖南白 银"或"公司"）发行股份购买资产并募集配套资金暨关联交易之独立财务顾问，根 据《上市公司重大资产重组管理办法》等相关规定，对业绩承诺方关于业绩承诺实 现情况进行了审慎核查，核查情况及意见如下： 一、本次交易方案概述 公司于 2023 年 4 月 18 日召开的第五届董事会第十六次会议及 2023 年 5 月 24 日召开的 2023 年第一次临时股东大会审议通过了《关于〈郴州市金贵银业股份有 限公司发行股份购买资产并募集配套资金暨关联交易报告书（草案）〉及其摘要》 等与本次交易相关的议案，同意公司通过发行股份的方式购买湖南省矿产资源集团 有限责任公司（曾用名"湖南有色产业投资集团有限责任公司"，以下简称"矿产资 源集团"）和湖南黄金集团有限责任公司（以下简称"湖南黄金集团"）合计持有的 湖南宝山有色金属矿业有限责任公司（以下 ...