格隆汇11月4日丨紫金矿业(02899.HK)公布，2025年11月4日，公司日期为2025年10月30日的公告所披露 根据A股限制性股票激励计划回购注销A股限制性股票，并于2025年11月4日完成办理注销手续，此次注 销涉及3.06万股A股。 ...

Core Viewpoint - Zijin Mining (601899)(02899) announced the cancellation of 30,600 repurchased A-shares on November 4, 2025 [1] Group 1 - The company is actively managing its share repurchase program by canceling a specific number of shares [1]

Core Viewpoint - Zijin Mining (02899) announced the cancellation of 30,600 repurchased A-shares on November 4, 2025 [1] Company Summary - The company will cancel a total of 30,600 A-shares that were previously repurchased [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 紫金礦業集團股份有限公司 呈交日期： 2025年11月4日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | --- | --- | --- | --- | --- | --- | | 1. 股份分類 普通股 | 股份類別 | A | 於香港聯交所上市 | 否 | | | 證券代號 (如上市) 601899 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | 已發行股份（不包括庫存股份）變動 | 庫存股份變動 | 每股發行/出售價 (註4) | 已發行股份總數 | | 事件 | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（ ...

Group 1 - Lingbao Gold experienced a decline of over 5% [1] - Jihai Resources, Tongguan Gold, and Zijin Mining fell by more than 4% [1] - Zhaojin Mining, Shandong Gold, Chifeng Jilong Gold, China Silver Group, and China Gold International dropped by over 3% [1]

Group 1 - The Hang Seng Index opened down 0.04%, while the Hang Seng Tech Index fell by 0.19%. Notable declines included Hengan International down over 4%, Zijin Mining down over 2%, and Li Auto down over 1% [1] - According to China Merchants Securities, the "14th Five-Year Plan" outline released by important meetings exceeded market expectations, combined with signs of easing US-China relations and strengthened expectations for Federal Reserve interest rate cuts, these three factors will support the Hong Kong stock market in shifting from "suppressed" to "rising" in the fourth quarter [1] - Galaxy Securities indicated that the current valuation of Hong Kong stocks is at a historically high level, predicting a wide range of fluctuations in the market. They recommend focusing on sectors such as precious metals as safe-haven assets, dividend assets due to changing market styles, and technology and consumer sectors highlighted in the "14th Five-Year Plan" [1] Group 2 - CITIC Securities stated that the restart of the Federal Reserve's interest rate cut cycle will benefit the Hong Kong stock market, particularly favoring the technology sector within the AI industry chain and the potential for valuation expansion due to liquidity overflow. The global AI computing power industry chain is experiencing continuous growth, and Hong Kong, as a hub for domestic AI core assets, is expected to directly benefit from this industry trend [2]

Core Points - The public announcement period is set from October 31, 2025, to November 9, 2025 [2] Group 1 - The contact email for inquiries is jyzjz@samr.gov.cn [2]

Investment Rating - The investment rating for the company is "Buy" with a target price set to achieve a relative return of over 20% within the next six months [7][18]. Core Insights - The company reported record high performance in Q3 2025, with revenue reaching 86.489 billion yuan, a year-on-year increase of 8.14%, and a total profit of 21.149 billion yuan, up 53.95% year-on-year [1]. - The increase in gold production was significant, with a 25.98% year-on-year growth, primarily driven by the acquisition of the Ghana Akim gold mine [2]. - The company is expanding its resource reserves through acquisitions of operational gold mines both domestically and internationally, enhancing its production capacity [2]. - Despite rising costs, the selling prices of gold and copper have increased more significantly, leading to a substantial rise in revenue [3]. Financial Performance - For the first three quarters of 2025, the company's operating costs were 190.816 billion yuan, reflecting a year-on-year increase of 2.92%, which is lower than the revenue growth of 10.33% [3]. - The financial expenses decreased by 34.60% year-on-year to 588 million yuan, while management expenses increased by 54.15% to 2.653 billion yuan [4]. - The company expects a long-term increase in profitability due to rising prices of copper and gold, supported by enhanced resource reserves [5]. Financial Projections - The projected revenue for 2025 is 424.931 billion yuan, with a growth rate of 39.95% [6]. - The net profit attributable to the parent company is expected to reach 53.935 billion yuan in 2025, reflecting a growth rate of 68.28% [6]. - The earnings per share (EPS) is projected to be 2.03 yuan in 2025, with a price-to-earnings (P/E) ratio of 15.03 [6]. Resource Expansion - The company has successfully completed acquisitions of several operational gold mines, including the Ghana Akim and Kazakhstan Raygorodok gold mines, which have commenced production [2]. - The company is also progressing on key projects such as the Julong Copper Mine and the Juno Copper Mine, with the second phase of the Julong Copper Mine expected to be operational by the end of 2025 [2].

Core Viewpoint - Shanghai Weitai Industrial Automation Co., Ltd. has engaged in a significant asset restructuring process, which has led to a strategic transformation of its business structure, focusing on aluminum-plastic film and automotive inspection tools [3][4][6]. Group 1: Major Asset Restructuring - The company completed a major asset sale and purchase in 2025, divesting its entire instrumentation business and acquiring a 51% stake in Zijiang New Materials [3]. - The restructuring has shifted the company's focus to aluminum-plastic film and automotive inspection tools, marking a strategic transition in its business operations [3]. Group 2: Financial Performance and Adjustments - The significant changes in the financial indicators reported in the Q3 2025 results were attributed to a retrospective adjustment due to the acquisition of a company under common control, leading to substantial increases in revenue and profit figures [4]. - Non-recurring gains primarily stemmed from the sale of the instrumentation asset group, which generated approximately 221.22 million yuan (2.21 billion) in non-recurring income [5]. Group 3: Focus on Aluminum-Plastic Film Business - Discussions during the investor meeting highlighted the potential applications of aluminum-plastic film in solid-state batteries, emphasizing the company's commitment to the new energy battery materials sector [6].

Group 1 - The core point of the news is that Zijin Mining experienced a decline of 5.08% in its stock price, reaching 28.95 CNY per share, with a trading volume of 5.181 billion CNY and a turnover rate of 0.86%, resulting in a total market capitalization of 769.421 billion CNY [1] - Zijin Mining Group Co., Ltd. is located in Fujian Province and was established on September 6, 2000, with its listing date on April 25, 2008. The company's main business involves mineral resource exploration and development [1] - The revenue composition of Zijin Mining includes smelting products at 60.94%, mineral products at 36.48%, other revenues at 16.83%, and trading at 8.02% [1] Group 2 - From the perspective of major fund holdings, one fund under Nord Fund has a significant position in Zijin Mining. The Nord New Enjoy fund (004987) reduced its holdings by 42,000 shares in the third quarter, now holding 47,900 shares, which constitutes 5.16% of the fund's net value, making it the largest holding [2] - The Nord New Enjoy fund (004987) was established on August 9, 2017, with a latest scale of 27.3096 million CNY. Year-to-date returns are at 8.29%, ranking 6192 out of 8223 in its category, while the one-year return is 7.2%, ranking 6517 out of 8115 [2]