每经AI快讯，有投资者在投资者互动平台提问：根据以前你们公司的回复，目前斐济进入雨季，是否 影响瓦矿正常生产？目前采选矿石生产线是否正常生产？目前每天采选矿石多少吨？处理尾矿多少吨？ 招金黄金（000506.SZ）11月19日在投资者互动平台表示，目前斐济刚进入雨季，未影响瓦图科拉金矿 正常生产。瓦图科拉金矿生产经营一切正常，各项业务稳步推进。瓦图科拉金矿每天采选处理矿石约 900~1000吨，尾矿每天处理矿石约1000吨。 （文章来源：每日经济新闻） ...

每经AI快讯，有投资者在投资者互动平台提问：请问董秘，目前国际黄金价格处于高位，你们公司的 产能却一直没有上去，有何具体措施提高产能？ 招金黄金（000506.SZ）11月19日在投资者互动平台表示，公司管理层高度重视产能提升工作，并将其 视为当前的核心任务。关于提高产能的措施公司已多次回复：瓦图科拉金矿是一座有着90多年开采历史 的老矿，其基础设施（包括采矿设备、通风、排水系统）和生产工艺均需进行全面的升级改造，方能有 效、安全地释放产能。这个过程涉及复杂的技术更新和系统整合，确实无法一蹴而就。目前，我们正全 力以赴推进瓦图科拉金矿的设备更新改造计划。截至当前，设备更新已完成约50%。公司的目标是在明 年年底基本完成更新改造工作。作为背靠招金集团的上市企业，公司上下一心，正积极克服老矿山升级 改造中遇到的各种挑战，努力加快进度，也请给予一定的耐心和理解。 （文章来源：每日经济新闻） ...

Core Insights - The company has experienced significant growth in gross profit due to rising gold prices and increased sales volume, with a gross profit of approximately 530 million HKD in H1 2025, representing a year-on-year increase of about 143% [1] - The inclusion in the MSCI Global Small Cap Index is expected to enhance the company's visibility and attract more international investors, thereby improving market liquidity and investment value [1] Financial Performance - In H1 2025, the company's revenue from gold mining operations was approximately 1.029 billion HKD, a year-on-year increase of about 60% [1] - The average selling price of mined gold rose from 499 HKD per gram in H1 2024 to 666 HKD per gram in H1 2025, while sales volume increased from approximately 1.19 tons to about 1.44 tons [1] - The company's gross margin for H1 2025 was 51.5%, driven by increased production and sales volume as well as higher average selling prices [1] Strategic Direction - The company is shifting its business strategy from diversification to focusing on high-return gold mining operations, which has resulted in a significant increase in shareholder profit by 273% compared to the previous period [2] - The company has engaged in vertical and horizontal acquisitions to enhance operational efficiency and expand mineral reserves, including the acquisition of Huasheng Construction Investment Co., Ltd. and Rongchang Investment Co., Ltd. [2] - A metal flow agreement with Zijin Mining Group Co., Ltd. has been established to support business expansion in the Su Bei County [2] Profit Forecast - The company forecasts net profits attributable to shareholders of 703 million HKD, 976 million HKD, and 1.207 billion HKD for the years 2025 to 2027, respectively [2] - Based on comparable company valuations, a target price of 3.51 HKD is set for 2026, with a price-to-earnings ratio of 18.5 times [2]

Market Overview - The Hong Kong stock market opened lower today, with the Hang Seng Index at 26,172.27 points, down 212.01 points, a decline of 0.80% [1] - The Hang Seng Tech Index reported at 5,684.81 points, down 72.07 points, a decrease of 1.25% [2] Company Performance - XPeng Motors (09868.HK) saw a drop of over 7% in early trading. The company reported total revenue of RMB 20.38 billion for Q3, a year-on-year increase of 101.8%. The net loss attributable to ordinary shareholders was RMB 380 million (USD 50 million), compared to RMB 1.81 billion in the same period last year [4] - Leap Motor (09863.HK) experienced a decline of over 2%. The company announced a net profit of RMB 150 million for Q3 2025, with a total net profit of RMB 180 million for the first three quarters. The gross margin for Q3 was 14.5%, up 0.9 percentage points from Q2 2025, with total vehicle deliveries of 173,852 units and revenue of RMB 19.45 billion, a year-on-year growth of 97.3% [6] - Geely Automobile (00175.HK) reported Q3 2025 revenue of RMB 89.192 billion, a year-on-year increase of 27%. The net profit attributable to shareholders surged by 59% to RMB 3.82 billion [6] Sector Performance - The technology sector saw widespread declines, with Kuaishou, Tencent, NetEase, and Baidu all dropping over 1%. Alibaba opened down over 1% but quickly rebounded [7] - Insurance stocks opened lower, with AIA Group falling over 1%. Gold stocks also retreated, with Chifeng Jilong Gold Mining and Zijin Mining down over 2% [7] - The biopharmaceutical sector showed signs of recovery, with BeiGene and Zai Lab rising over 4%. The semiconductor sector strengthened, with Hua Hong Semiconductor and SMIC both up over 1% [7] Market Outlook - Morgan Stanley has set a mid-to-long-term target for the Hang Seng Index at 27,500 points, with a bullish scenario reaching 34,700 points and a bearish scenario potentially dropping to 18,700 points. This outlook considers potential liquidity improvements, such as the Federal Reserve possibly halting balance sheet reduction in December, along with the anticipated "spring rally" early next year. However, external factors like Federal Reserve policies and U.S. stock market volatility remain significant variables [8]

我们小区的王叔最近看新闻时总是兴奋地跟邻居们说："你们看，山东又发现大金矿了，这下当地人要发财 了吧？"这个消息确实让很多人关心起一个问题：新发现的金矿到底对当地老百姓有什么好处？开采出来的 黄金都去哪了？ 根据山东省地质勘查局发布的勘探报告，2024年在胶东地区新发现的金矿储量预估价值超过200亿元人民 币。这个发现让胶东地区再次成为全国关注的焦点。山东作为我国黄金产量第一大省，2024年黄金产量约 占全国总产量的40%左右，这次新发现的金矿无疑进一步巩固了山东的黄金大省地位。 我们先来了解一下这次发现的金矿基本情况。这个金矿位于胶东地区，经过详细勘探，确认金矿石储量达 到数百吨，按照目前每克黄金约450元的市场价格计算，总价值确实接近200亿元。勘探工作从2022年开 始，历时两年多才确认了具体的储量和品位。 很多人关心的第一个问题是：这些黄金开采出来后归谁？ 根据我国现行的矿产资源管理制度，矿产资源属于国家所有。这意味着所有地下的矿产资源，包括黄金、 铜、铁等，其所有权都属于国家，而不是属于土地的使用者或者当地居民。这个原则在《矿产资源法》中 有明确规定。 金矿的开采需要通过正规程序获得开采权。通常情况 ...

Core Insights - The discovery of a large gold mine in China, specifically the Dadongou gold mine with a confirmed gold metal amount of 1,444.49 tons, marks a significant milestone in China's mining history and has implications for global gold supply and pricing [2][3][4]. Industry Overview - The Dandongou gold mine is characterized as a "super-large low-grade open-pit gold mine," with an average gold content of 0.56 grams per ton, requiring the processing of a substantial amount of ore (25.86 billion tons) to extract gold [2][3]. - The mine's discovery enhances China's gold supply security, addressing the long-standing issue of being the largest gold producer while lacking world-class mining resources [3][4]. Economic Implications - The mine's discovery coincides with a period of rising global gold prices, with spot gold reaching a three-week high of $4,245 per ounce before retreating to around $4,180 [5][6]. - The ongoing trend of central banks, including the People's Bank of China, increasing gold reserves reflects a strategic move to diversify foreign exchange assets and enhance financial stability [6][7]. Strategic Significance - The Dandongou gold mine represents a breakthrough in China's control over critical mineral resources, providing a more direct and controllable domestic supply source for the central bank's gold reserves [7]. - The discovery aligns with a broader global trend of increasing gold demand driven by geopolitical uncertainties and the need for safe-haven assets [6][7]. Conclusion - The Dandongou gold mine's discovery is a pivotal step for China in its journey towards becoming a resource powerhouse, reinforcing its financial security amid a changing global landscape [7][8].

图片来源：企业官网 本报记者 张蓓 见习记者 黄指南 深圳报道 金价的凌厉回调尚有余温，山东黄金的市值缩水速度却更胜一筹。 10月21日晚间，国际金价单日暴跌5.3%创下12年单日最大跌幅，核心诱因直指俄乌冲突缓和与中美贸 易摩擦边际降温，市场避险情绪应声退潮。 此前，山东黄金三季度净利润最高预增98.5%的业绩预告，曾将A股股价短暂推至年内高位，但业绩实 际成色不及预期，叠加金价回调冲击，其市值已陷入近一个月的阴跌通道。 11月12日，山东黄金2025年第三季度业绩说明会如期举行。金价处于历史高位背景下，公司业绩迟迟未 能有效释放，高企的克金成本缺乏明确披露指引，成为投资者交锋的核心焦点。 看似亮眼的前三季度业绩，虽印证了山东黄金把握金价机遇、优化生产布局的战略成效，但第三季度净 利润环比下滑的信号，已暴露短期盈利韧性不足的隐忧。 未来若金价持续回调，前期高投入能否稳定转化为盈利，将成为检验公司长期价值的关键命题。 公允价值与投资双亏 金价攀至历史高位，业绩创下近翻倍增幅，山东黄金本应尽享行业红利，却陷入"业绩高增、股价阴 跌"的困局。 10月15日，公司披露前三季度净利润最高预增98.5%的业绩预告后，A ...

王爷说财经讯：突发紧急大消息！印尼财政部官员透露，2026年，印尼要对黄金出口收税了，税率直接定在7.5%到15%！ 这可是全球第八大黄金产国的重磅动作，为何印尼要突然对黄金收税呢？这背后暗藏释放了什么信号？ 此外，就目前来看，国际金价已经是4090美元/盎司，这波操作会不会让金价再飙一波？对我们普通人又会有何影响呢？ 01、印尼为啥敢对黄金出口"下手"？ 11月17日，印尼财政部财政战略总干事Febrio Kacaribu表示， 印尼正在敲定一项对黄金产品征收7.5%至15%出口税的计划，该计划将于明年某个时候实 施。 要知道，印尼可不是小角色，它一年能挖110到160吨黄金，手里还握着格拉斯贝格矿这种全球顶级金矿，是全球黄金供应链的关键一环。 更关键的是，现在全球都在抢黄金——2025年三季度全球黄金需求创了历史新高，光投资需求就涨了47%，中国、印度这些国家买黄金跟抢似的。 东南亚更是黄金消费热土！ 2025年上半年，印尼的黄金需求涨了29%，比全球平均水平高了一倍多。 手里有矿、市场有需求，这就是印尼敢出台出口税政策的底气，相当于掌握了黄金供应链的"话语权"。 02、印尼不是单纯"征税"，是要搞产业升 ...

印度尼西亚财政部一名高级官员17日说，印尼正在敲定一项针对黄金产品征收7.5%至15%出口税的计划。该计划 将于明年某个时点实施。 印尼财政部高官表示，这项税收政策将对上游产品出口征收较高税率，对加工产品出口征收较低税率，以鼓励在 国内加工黄金。 △资料图 亚洲重要黄金进口国之一越南17日同样推出新措施。据了解，越南央行越南国家银行计划将获准生产、进出口黄 金的信贷机构的日终黄金头寸限额，从其注册资本的2%提高到5%。有分析认为，此举预计将使越南各银行在向 市场供应黄金方面拥有更大灵活性。 据悉，上述措施旨在帮助缩小越南国内金价与国际金价之间的差距。2012年，民众为应对通货膨胀囤积黄金，引 发经济不稳定，越南政府实施垄断政策，使越南国家银行成为唯一黄金进口商，并授予西贡珠宝公司生产金条的 独家许可。这一政策大幅推升越南国内金价。 上述官员在印尼议会听证会上举例说，含有杂质的金锭将适用于较高税率；精炼后的金条则适用于较低税率。这 名官员说，全球金价也将是决定黄金出口税的一个因素。印尼是亚洲主要黄金生产国之一。 ...

港股全天震荡走低，三大指数盘中均跌超1%。截止收盘，恒生指数跌0.71%或188.18点，报26384.28 点，全日成交额为2176.13亿港元；恒生国企指数跌0.74%，报9328.4点；恒生科技指数跌0.96%，报 5756.88点。 银河证券表示，展望未来，市场风险偏好趋于谨慎，场内热点轮动加快，港股或延续震荡走势。建议关 注以下板块："反内卷"政策效果逐渐显现，供需格局变化下，商品价格上涨的周期股或持续反弹；美联 储降息政策面临较大不确定性，市场风险偏好下降，投资者或转向红利股寻求防御。 蓝筹股表现 携程集团-S(09961)全天承压。截至收盘，跌3.56%，报555.5港元，成交额17.59亿港元，拖累恒指8.8 点。11月14日，外交部和中国驻日本使领馆郑重提醒中国公民近期避免前往日本。11月16日，红星新闻 致电携程，客服表示平台方也在密切关注。现在有很多日本的酒店订单取消，在帮顾客处理；有的客人 还在观望。部分酒店好沟通，同意免费退改，携程可直接提交申请并自动退款；部分酒店则需进一步沟 通，尚在协调中。 其他蓝筹股方面，康师傅控股(00322)涨2.08%，报12.25港元，贡献恒指0.77 ...