每经记者｜胥帅 每经编辑｜陈柯名 陈旭 值得关注的是，公司凭借锡、钨等矿产资源优势及氯碱化工完整产业链获机构青睐，自2025年12月以来龙虎榜机构博弈频繁，叠加PVC（聚氯乙烯）期货 主力合约走强，共同推动股价持续上行。 减持方之一：依然看好公司发展 根据新金路披露的减持公告，公司近日收到董事、总裁彭朗，董事、联席总裁吴洋，董事、常务副总裁刘祥彬，董事、副总裁成景豪，副总裁张振亚出具 的《关于减持股份计划的告知函》，彭朗拟减持9.5万股；吴洋拟减持4.1万股；刘祥彬拟减持7.2万股；成景豪拟减持4.3万股，张振亚拟减持4.3万股。上 述董事和高管自本减持计划公告披露之日起15个交易日后的3个月内进行减持。 减持计划公布的拟减持数量和比例 1月6日，新金路（SZ000510）股价强势涨停。自2025年10月以来，该股累计涨幅已实现翻倍。 6日晚间，新金路发布公告，披露董事、总裁彭朗等5名核心管理人员拟合计减持29.4万股，对应减持市值近400万元。 据悉，上述公告的拟减持股份均来自2022年5月至2024年6月底部区间的增持部分，目前已显著浮盈。 其中一名高管向记者表示，此次减持系个人资金需求，仍长期看好公司发 ...

证券代码：000603 证券简称：盛达资源 盛达金属资源股份有限公司投资者关系活动记录表 编号：2026-001 投资者关系活 动类别 √特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 活动参与人员 国联民生证券（王作燊、杨子叶）、汇添富基金（黄梓淇、温琪、 张朋）（不同机构类别按拼音排序） 时间 2026 年 1 月 5 日 地点 公司会议室 形式 现场会议 上市公司接待 人员姓名 董事长 赵庆 董事会秘书 王薇 证券事务代表 孙梦瀛 投资者关系经理 丛鹏 交流内容及具 体问答记录 问：公司未来 3-5 年主要开发现有矿山，还是继续并购？ 作为以矿业为主的公司，资源是公司赖以生存和持续发展的基 础，在对现有矿山探矿增储的同时，公司会持续开展矿产资源并购 工作。 问：公司未来并购项目的体量规划？ 公司对并购项目的选择会综合考虑已探明的矿产资源储量及未 来的探矿增储潜力，以实现控股为投资预期，矿山服务年限在 15 年 以上。 问：公司未来并购矿种主要为哪些？ 公司并购标的选择还是以银、金、铜等优质金属原生矿产资源 为主。 问：公司是否考虑海外并购？ 公司一直在 ...

除了受益金价上涨，背靠国资的中金黄金，资源保有量也有望持续提升。 中金黄金由央企中国黄金集团发起设立，是集团公司发展黄金矿业主业的主要平台，目前已形成黄金科 研、开采、冶炼、加工、消费流通等完整的产业链。公司是央企注资的黄金领军企业，自身完整的产业 链及探矿增储优势逐渐显现，将长期受益于黄金价格上涨。 《每日经济新闻》记者注意到，2025年以来，国际和国内金价持续上涨，屡创历史新高，这也让黄金股 业绩持续走高。 2025年前三季度，中金黄金实现营业收入539.76亿元，同比增长17.23%；归属于上市公司股东的净利润 为36.79亿元，同比增长39.18%；公司总资产634.59亿元，较上年度末增长约14.06%；归属于上市公司 股东的所有者权益为291.96亿元，较上年度末增长约6.58%。公司盈利能力、资产规模及净资产回报能 力均实现稳步提升。 2025年前三季度，中金黄金生产矿产金13.75吨、冶炼金27.87吨、矿山铜5万吨、电解铜30.43万吨。公 司在报告中指出，业绩增长主要系"抓住产品价格上涨有利时机，科学组织经营"所致。 据了解，中金黄金2025年还加大探矿增储工作力度，指导重点成矿带的主要矿 ...

证券代码：000603 证券简称：盛达资源 盛达金属资源股份有限公司投资者关系活动记录表 编号：2025-014 | | √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 | | | □新闻发布会 □路演活动 | | 动类别 | □现场参观 | | | □其他 | | | 国投证券（周古玥）、东亚前海证券（李希龙）、长盛基金（钱文 | | 活动参与人员 | 礼）、华夏基金（艾邦妮）、圆信永丰基金（罗刚）、润晖投资（蒋 | | | 暘晶）、友安众晟资产（张恒辉） | | 时间 | 2025 年 12 月 25 日 | | 地点 | 公司会议室 | | 形式 | 现场会议 | | 上市公司接待 | 董事会秘书 王薇 | | 人员姓名 | 证券事务代表 孙梦瀛 | | | 投资者关系经理 丛鹏 一、公司投资者关系经理丛鹏向投资者介绍了公司基本情况 | | | 二、问答交流环节 问：未来 2-3 年公司矿山金属产量增长预期？ | | | 鸿林矿业菜园子铜金矿正式投产后，公司金、铜金属产量将有 | | 交流内容及具 | 所增加。东晟矿业巴彦乌拉银多金属矿 25 ...

金山矿业选矿厂技改完成后，银、金回收率有所提高，选矿成 本有所降低。金山矿业生产能力将逐渐递增至采矿许可证核准的生 产规模 48 万吨/年，并将进一步根据资源情况申请扩大生产规模。 证券代码：000603 证券简称：盛达资源 盛达金属资源股份有限公司投资者关系活动记录表 编号：2025-013 | | √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 | | 活动参与人员 | 线上会议：Fidelity International（Anthony Srom、Lynda Zhou、Luke | | | Li） | | | 现场调研：华福证券（骆奕诚）、和聚投资（陈小鹭） | | 时间 | 2025 年 12 月 23 日 | | 地点 | Zoom、公司会议室 | | 形式 | 线上会议、现场会议 | | 上市公司接待 | 董事会秘书 王薇 | | 人员姓名 | 证券事务代表 孙梦瀛 | | | 投资者关系经理 丛鹏 问：银都矿业的未来展望？ | | | 银都矿业 ...

证券代码：000603 证券简称：盛达资源 盛达金属资源股份有限公司投资者关系活动记录表 编号：2025-012 | | √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 | | | □新闻发布会 □路演活动 | | 动类别 | □现场参观 | | □其他 | | | 活动参与人员 | 东方财富（张恒浩）、民生加银基金（孙常蕾）、融通基金（缪逸 | | | 冰、徐鹤）、黄河财险（范怀林）（不同机构类别按拼音排序） | | 时间 2025 | 年 12 月 18 日 | | 地点 | 公司会议室 | | 形式 | 现场会议 | | 上市公司接待 | 董事会秘书 王薇 | | 人员姓名 | 证券事务代表 孙梦瀛 | | | 投资者关系经理 丛鹏 | | | 问：金石矿业铜钼矿达产后的金属产量预计？ 金石矿业 号铜钼矿带的矿产资源储量已被探明并通过评审备 I | | | 案，目前正在办理 460 高地铜钼矿探矿权转采矿权的相关手续。矿 | | | 山建设有关手续办理完毕、各项工程施工结束后，由当地安监部门 | | | 验收合格后申办安全生产许可证，取得安全 ...

Group 1: Company Background and Strategic Moves - The company is a traditional chlor-alkali chemical enterprise, operating in a cyclical industry with significant scale benefits, and is actively seeking business transformation to improve profitability [2] - The acquisition of the bankrupt Limu Mining Company was deemed strategically valuable and aligned with the company's overall development strategy [2][3] Group 2: Current Operations and Developments - Significant resources have been invested in the resumption of operations at Limu Mining, including underground dredging and road construction, with plans to expedite project construction and production [3] - The company has received safety facility design review opinions for a mining project with a capacity of 600,000 tons per annum, and is currently preparing construction plans and approval procedures [3] Group 3: Resource Management and Product Development - Exploration and resource increase are core activities, with ongoing efforts to ensure resource security for stable future production capacity [3] - The company is actively developing quartz sand products as part of its business transformation, focusing on market expansion and customer development [3] Group 4: Industry Challenges and Future Plans - The chlor-alkali industry is facing intense competition, and the company is currently in a loss-making state due to lack of resource advantages [3] - Plans to enhance product value and improve profitability through supply chain adjustments and product structure optimization are underway [3] Group 5: Incentive Plans - The company will adhere to regulatory requirements and disclosure obligations if any equity incentive plans are implemented in the future [3]

Core Viewpoint - Shengda Resources emphasizes the importance of exploration and resource increase at its mining sites, stating that any updates will be disclosed in accordance with regulations [1] Group 1 - The company confirmed that the mineral resource situation of its subsidiaries is based on information disclosed in designated media [1] - As a mining-focused company, exploration and resource increase at existing mines is a key priority [1] - The company will fulfill its information disclosure obligations promptly if there are relevant developments that meet disclosure standards [1]

Core Viewpoint - 华锡有色 is actively enhancing its production capacity and optimizing its operations to meet market demands while benefiting from favorable industry policies and resource advantages [1][2][4] Group 1: Financial Performance - In the first three quarters of 2025, the company achieved a revenue of 4.138 billion yuan, with a net profit attributable to shareholders of 494 million yuan, and a weighted average return on equity of 11.64% [1] - Revenue increased by 21.16% year-on-year, with significant growth in deep processing product output, which rose by 81.21% [3] Group 2: Resource and Production Capacity - The company has substantial mineral reserves, with a total ore resource of 89.591 million tons and a metal resource amount of 4.4925 million tons, positioning it favorably in the market [2] - Ongoing projects, such as the deep mining project at Gaofeng and the expansion at Tongkeng mine, are expected to enhance overall production capacity [2][3] Group 3: Market Strategy and Industry Position - The company is focusing on optimizing production processes, expanding sales channels, and enhancing cost control to achieve its annual targets [2] - The demand for tin is expected to grow due to its strategic importance in emerging industries, supported by a limited supply of tin resources [3] Group 4: Policy and Regional Development - Recent regional policies in Guangxi provide a supportive environment for the development of the critical metals industry, which the company plans to leverage [4] - The company aims to integrate its resources and expertise into the development of the Nandan pilot zone, aligning with policy directions for industrial upgrading [4]

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage [1][10]. Core Insights - The company has shown significant improvement in its Q3 performance, with a net profit of 0.37 billion yuan, reflecting a year-on-year increase of 207% [5]. - The gold production from the company's subsidiary, Watu Kola Gold Mine, reached 14,956.34 ounces in the first three quarters of 2025, a 61.34% increase compared to the same period last year [6]. - The report anticipates a steady increase in gold prices and production capacity, projecting net profits of 1.22 billion yuan, 3.03 billion yuan, and 12.91 billion yuan for 2025, 2026, and 2027 respectively, with year-on-year growth rates of 196%, 148%, and 326% [9][10]. Company Overview - The latest closing price of the company's stock is 11.85 yuan, with a total market capitalization of 11 billion yuan [3]. - The company has a debt-to-asset ratio of 54.8% and a current P/E ratio of -84.64 [3]. Financial Performance - For the first three quarters of 2025, the company achieved a total revenue of 340 million yuan, a 120% increase year-on-year [5]. - The EBITDA for 2025 is projected to be 389.10 million yuan, with a significant increase in net profit expected in the following years [12]. Production and Technical Improvements - The company is actively enhancing its mining operations through technical upgrades, including improvements in ore extraction and processing efficiency [7]. - The second tailings discharge pipeline has been installed, increasing processing capacity by approximately 30% [7]. Exploration Activities - The company is expanding its exploration efforts, having received approval for geological surveys in the Fiji North Island area [8]. - The company plans to conduct systematic exploration in two newly acquired mining rights [8].