Core Viewpoint - Sichuan Gold has successfully acquired exploration rights for the Kugezi-Juebei gold mine in Xinjiang for 510 million yuan, aligning with its strategic goals to enhance resource capacity and core competitiveness [1] Group 1: Company Developments - Sichuan Gold won the exploration rights for the Kugezi-Juebei gold mine, which is located in a significant gold mineralization belt in China, indicating favorable geological conditions for mining [1] - The funding for this acquisition will come from the company's own funds or bank loans, and the transaction does not require shareholder approval as it falls within the board's authorized limits [1] - The company has established itself as a major player in gold mining and processing in China, recognized as a national-level green mine enterprise and a key gold production enterprise in Sichuan province [2] Group 2: Financial Performance - In the first half of 2025, Sichuan Gold reported revenues of 442 million yuan, an increase of 11.92% year-on-year, and a net profit of 209 million yuan, reflecting a significant growth of 48.41% compared to the previous year [3] - The increase in net profit is attributed to the rising gold prices, although the production and sales volume of gold concentrate decreased due to the mining operations entering a residual mining phase [3] - The basic earnings per share for the reporting period were 0.4967 yuan, indicating strong profitability despite challenges in production volume [3]

Group 1 - Shandong Gold experienced a 5% decline in stock price, trading at 37.80 CNY per share, with a total transaction volume of 2.075 billion CNY and a turnover rate of 1.50%, resulting in a total market capitalization of 174.255 billion CNY [1] - The company, established on January 31, 2000, and listed on August 28, 2003, is primarily engaged in gold mining, smelting, and the production and sale of gold and silver products [1] - The revenue composition of Shandong Gold includes 50.14% from purchased gold, 29.96% from self-produced gold, 9.75% from trading, 7.65% from small gold bars, and 2.50% from other sources [1] Group 2 - Taiping Fund has one fund heavily invested in Shandong Gold, with Taiping Ruiqing Mixed A (014053) increasing its holdings by 20,000 shares to a total of 60,000 shares, representing 1.67% of the fund's net value [2] - The fund has incurred an estimated floating loss of approximately 119,400 CNY as of the latest report [2] - Taiping Ruiqing Mixed A was established on December 21, 2021, with a current size of 112 million CNY, yielding a year-to-date return of 3.09% and a one-year return of 6.18% [2]

Group 1 - Sichuan Gold's stock price dropped by 5.02% to 26.10 CNY per share, with a trading volume of 409 million CNY and a turnover rate of 5.32%, resulting in a total market capitalization of 10.962 billion CNY [1] - Sichuan Gold Co., Ltd. was established on August 16, 2006, and went public on March 3, 2023. The company primarily engages in gold mining and sales, with its main product being gold concentrate, accounting for 100% of its main business revenue [1] Group 2 - Huatai-PB Fund has a significant position in Sichuan Gold, with its Huatai-PB ZhiYuan Mixed A Fund (017991) increasing its holdings by 110,000 shares in the second quarter, totaling 290,000 shares, which represents 4.97% of the fund's net value [2] - The Huatai-PB ZhiYuan Mixed A Fund was established on May 24, 2023, with a latest scale of 89.0367 million CNY. It has achieved a year-to-date return of 44.29%, ranking 1338 out of 8172 in its category, and a one-year return of 71.33%, ranking 1676 out of 7980 [2] Group 3 - The fund manager of Huatai-PB ZhiYuan Mixed A Fund is Ye Feng, who has been in the position for 2 years and 100 days. The total asset size of the fund is 1.605 billion CNY, with the best return during his tenure being 43.85% and the worst being 0.76% [3]

Group 1 - Sichuan Gold's stock price dropped by 5.02% to 26.10 CNY per share, with a trading volume of 409 million CNY and a turnover rate of 5.32%, resulting in a total market capitalization of 10.962 billion CNY [1] - Sichuan Gold Co., Ltd. was established on August 16, 2006, and went public on March 3, 2023. The company primarily engages in gold mining and sales, with its main product being gold concentrate, accounting for 100% of its main business revenue [1] Group 2 - Taiping Fund has one fund heavily invested in Sichuan Gold, specifically Taiping Ruiying Mixed A (006973), which held 21,500 shares in the second quarter, representing 0.24% of the fund's net value, ranking as the tenth largest holding. The estimated floating loss today is approximately 29,700 CNY [2] - Taiping Ruiying Mixed A (006973) was established on March 25, 2019, with a latest scale of 171 million CNY. Year-to-date return is 8.1%, ranking 6188 out of 8172 in its category; the one-year return is 26.07%, ranking 5652 out of 7980; and since inception, the return is 41.68% [2]

截至2023年12月31日，山东黄金集团直接和间接合计持有公司45.58%的股权，为公司的控股股东。除 香港中央结算（代理人）有限公司外，公司不存在持股5%以上股东，股权较为分散。本次发行完成 后，山东黄金集团仍为公司控股股东，本次发行不会导致公司的控制权发生变化。山东省人民政府国有 资产监督管理委员会合计持有公司控股股东山东黄金集团有限公司90%股权，为公司实际控制人。 山东黄金本次定增的保荐机构（主承销商）是中银证券（601696）(601696.SH)，保荐代表人是周煜 婕、贾留喜。 山东黄金于2025年9月2日披露了关于根据一般性授权配售新H股的公告，内容为向不少于六名承配人配 售公司136,500,000股新H股股份（以下简称"本次配售"）。配售事项所得款项净额（经扣除配售事项佣 金及配售事项的其他相关成本及开支后）将用于偿还公司债务。 中国经济网北京9月15日讯 山东黄金（600547）(600547.SH)9月13日披露了关于终止向特定对象发行A 股股票事项并撤回申请文件的公告。 据山东黄金公告，为进一步调整优化融资方式，公司结合资本市场整体运行状况及已于近日成功实施H 股配售的情况，于2025 ...

Group 1 - The core viewpoint of the news is that Chifeng Gold has seen a significant increase in its stock price, rising by 5.01% to 27.89 CNY per share, with a trading volume of 2.203 billion CNY and a market capitalization of 53.002 billion CNY [1] - Chifeng Jilong Gold Mining Co., Ltd. is primarily engaged in gold and non-ferrous metal mining and resource recycling, with gold accounting for 90.03% of its main business revenue [1] - The company was established on June 22, 1998, and was listed on April 14, 2004, with its headquarters located in Inner Mongolia, China [1] Group 2 - From the perspective of fund holdings, Chifeng Gold is a significant position in the portfolio of a fund managed by Zhongtai Securities Asset Management, specifically the Zhongtai CSI 500 Index Enhanced A fund, which holds 22,800 shares [2] - The fund's net asset value allocation for Chifeng Gold is 0.96%, making it the second-largest holding in the fund [2] - The fund has achieved a year-to-date return of 15.75% and a one-year return of 40.15%, ranking 2341 out of 4222 and 2058 out of 3795 respectively in its category [2]

Group 1 - Shandong Gold Mining Co., Ltd. experienced a stock price increase of 5.04%, reaching 35.04 CNY per share, with a trading volume of 1.441 billion CNY and a turnover rate of 1.15%, resulting in a total market capitalization of 156.749 billion CNY [1] - The company, established on January 31, 2000, and listed on August 28, 2003, is primarily engaged in gold mining, smelting, and the production and sale of gold and silver products [1] - The revenue composition of the company includes 50.14% from purchased gold, 29.96% from self-produced gold, 9.75% from trading, 7.65% from small gold bars, and 2.50% from other sources [1] Group 2 - Debon Fund has one fund heavily invested in Shandong Gold, specifically the Debon LeXiang Life Mixed A Fund (006167), which held 36,000 shares, accounting for 2.28% of the fund's net value, ranking as the seventh largest holding [2] - The Debon LeXiang Life Mixed A Fund was established on March 13, 2019, with a latest scale of 36.8056 million CNY, achieving a year-to-date return of 5% and a one-year return of 29.35% [2] - The fund manager, Shi Junfeng, has been in position for 1 year and 172 days, with the fund's total assets amounting to 22.9 million CNY, achieving a best return of 26.05% and a worst return of -0.32% during his tenure [3]

Core Viewpoint - Sichuan Gold (001337) reported strong financial performance for the first half of 2025, with significant increases in revenue and net profit compared to the previous year [1][3]. Financial Performance - Total revenue for the first half of 2025 reached 442 million yuan, an increase of 11.92% year-on-year [1]. - Net profit attributable to shareholders was 209 million yuan, reflecting a year-on-year increase of 48.41% [1]. - In Q2 2025, total revenue was 234 million yuan, up 13.97% year-on-year, while net profit was 113 million yuan, marking a 76.73% increase [1]. Profitability Metrics - Gross margin improved to 65.07%, a year-on-year increase of 22.65% [1]. - Net margin rose to 47.18%, reflecting a year-on-year increase of 32.6% [1]. - The total of selling, administrative, and financial expenses was 34.06 million yuan, accounting for 7.7% of revenue, down 8.77% year-on-year [1]. Cash Flow and Assets - Operating cash flow per share increased to 0.74 yuan, a significant rise of 105.18% year-on-year [1]. - Cash and cash equivalents saw a net increase of 111.86%, attributed to an increase in advance sales [3]. - The company reported a healthy cash asset position, indicating strong solvency [3]. Investment and Returns - The company's return on invested capital (ROIC) was 17.77% last year, with a historical median ROIC of 29.31% since its listing [3]. - The net profit margin for the previous year was 38.79%, indicating high added value for its products or services [3]. Fund Holdings - The largest fund holding Sichuan Gold is Huatai-PB Jinhua Bond A, with 300,000 shares newly entered into the top ten holdings [4]. - Other funds, such as Huatai-PB Zhiyuan Mixed A and Huatai-PB Jinrui Bond A, have increased their positions in the company [4].

自2025年8月27日起，王毅女士已获委任为联席公司秘书及授权代表;黄俊颖先生已获委任为联席公司秘 书及授权代表。 山东黄金(01787)发布公告，自2025年8月27日起生效：汤琦先生因工作调动辞任公司联席公司秘书及根 据香港联合交易所有限公司证券上市规则第3.05条项下的授权代表;及伍秀薇女士因工作调动辞任联席 公司秘书及授权代表。 ...

Meeting Overview - The second meeting of the seventh board of directors of Shandong Gold Mining Co., Ltd. was held on August 27, 2025, with all 9 directors present, complying with relevant regulations [1][2]. Resolutions Passed - The board approved the 2025 semi-annual report and summary, which will be disclosed on the Shanghai Stock Exchange and Hong Kong Stock Exchange [1]. - The board approved the 2025 semi-annual profit distribution plan, with all 9 votes in favor [1]. - The board approved the special report on the storage and actual use of raised funds for the first half of 2025, with all 9 votes in favor [1]. - A risk assessment report regarding Shandong Gold Group Financial Co., Ltd. was approved, with 7 votes in favor after related directors abstained [1]. - The board approved the adjustment of the upper limit for daily related transactions for 2025, with 7 votes in favor after related directors abstained [1]. - The appointment of joint company secretaries was approved, with all 9 votes in favor [1]. - The board authorized the appointment of a dividend agent for H shares and related actions, with all 9 votes in favor [1].