Market Overview - The Hong Kong stock market opened high but closed lower, with the Hang Seng Index down 0.71% to 25,635.23 points and a total turnover of HKD 224.51 billion [1] - The Hang Seng Tech Index fell 0.3% to 5,483.01 points, while the Hang Seng China Enterprises Index decreased by 0.26% to 8,891.71 points [1] Consensus and Divergences - Huatai Securities noted two main consensus points: 1. The logic of the bulk commodity sector is solid, leading to a rapid revaluation 2. Weak recovery in domestic demand suggests a left-side allocation in the consumer sector [1] Blue Chip Performance - BYD Company (01211) led blue-chip stocks, rising 3.74% to HKD 97.1, contributing 20.66 points to the Hang Seng Index [2] - Other notable blue-chip performances included Geely Automobile (00175) up 3.43% and Industrial and Commercial Bank of China (01398) up 1.63% [2] Sector Highlights - The automotive sector saw most stocks rise, with NIO-SW (09866) up 4.89% and Xpeng Motors-W (09868) up 3.88% [3] - The robotics sector showed strong performance, with MicroPort Robotics-B (02252) surging 25.85% and UBTECH (09880) rising 9.13% [4] Individual Company News - UBTECH plans to acquire Fenglong Co. for HKD 1.665 billion, focusing on garden machinery and automotive components [5] - MicroPort Robotics reported over 230 cumulative orders for its surgical robots, with over 160 orders for its bronchoscopic surgical robot "Dudao" [5] Gold Sector Performance - Gold stocks generally retreated, with Zijin Mining International (02259) down 5.86% and Chifeng Jilong Gold Mining (06693) down 5.4% [5] - The gold market experienced volatility, with spot gold prices dropping below USD 4,450 per ounce [6] Power Sector Performance - Power stocks faced pressure, with Huaneng International (00902) down 6.48% and Datang International Power Generation (00991) down 4.7% [6] - The announcement of long-term electricity prices in Guangdong indicated a decline, with a 19.72 cents per kilowatt-hour drop [6] Notable Stock Movements - Junda Co. (02865) surged 21.65% following a strategic partnership announcement in the space energy sector [7] - Youjia Innovation (02431) rose 15.45% as the first batch of L3 autonomous vehicles began large-scale operation [8] - Goldwind Technology (02208) increased by 13.7% after the release of new listing standards for commercial rocket companies [9] - Jiantao Laminates (01888) rose 6.81% due to a price increase announcement amid rising copper prices [10] - MGM China (02282) fell 17.14% after a report indicated a significant increase in brand usage fees starting in 2026 [11]

Market Overview - The Hong Kong stock market opened high but closed lower, with the Hang Seng Index down 0.71% to 25,635.23 points and a total turnover of HKD 224.51 billion [1] - The Hang Seng Tech Index fell 0.3% to 5,483.01 points, while the Hang Seng China Enterprises Index decreased by 0.26% to 8,891.71 points [1] - Huatai Securities noted significant volatility in asset performance this year, leading to a decline in the clarity of investment themes [1] Blue Chip Performance - BYD (01211) led blue-chip stocks, rising 3.74% to HKD 97.1, contributing 20.66 points to the Hang Seng Index [2] - Other notable blue-chip performances included Geely Automobile (00175) up 3.43% and Industrial and Commercial Bank of China (01398) up 1.63% [2] - Sands China (01928) and CK Hutchison Holdings (00001) faced declines of 4.46% and 3.35%, respectively, negatively impacting the index [2] Sector Highlights - The automotive sector saw most stocks rise, with NIO-SW (09866) up 4.89% and Xpeng Motors-W (09868) up 3.88% [3] - The commercial aerospace sector experienced significant gains, with JunDa Co. (002865) surging 21% due to strategic partnerships in space energy applications [4][7] - Robotics stocks showed strong performance, with MicroPort Robotics-B (02252) rising 25.85% following the establishment of a new standards committee for humanoid robots [4] Individual Company News - Youjiao Innovation (02431) saw a 15.45% increase as the first batch of L3 autonomous vehicles began large-scale operation [8] - MGM China (02282) faced a significant drop of 17.14% due to increased brand usage fees expected to reach HKD 1.2 billion in 2026, impacting EBITDA forecasts [11] - JunDa Co. announced a strategic investment in Shangyi Optoelectronics, focusing on perovskite battery technology for space applications [7]

| 名称 | | 最新价 | 涨跌幅 へ | | --- | --- | --- | --- | | 恒生指数 | min | 25635.23 | -0.71% | | 800000 | | | | | 恒生科技指数 | wing | 5483.01 | -0.30% | | 800700 | | | | | 国企指数 | vin | 8891.71 | -0.26% | | 800100 | | | | 黄金股走弱，紫金黄金国际跌超5%。12月29日，现货黄金一度失守4450美元/盎司。东吴证券指出，短 期来看，26Q1美国的宽财政（政府停摆结束）、宽货币（近期75bps降息）与季节性（1-2月非农初值与 CPI易超预期）易延缓美联储的降息节奏，从而抬升利率预期。叠加特朗普计划的2026年4月访华行 程，市场风险偏好或进一步改善，从而构成对金价的利空逻辑。 | 代码 | 名称 | 量新价 | 涨跌幅 ^ | | --- | --- | --- | --- | | 02259 | ● 适固步拥护滋 | 144.500 | -5.86% | | 06693 | 赤峰黄金 | 30.120 | -5.40% | ...

责编：李磊、王瑞景 黄金出口是苏丹外汇收入的主要来源之一。据苏丹中央银行统计，2022年苏丹黄金出口额达20.2亿美 元，占非石油出口总额的46.3%。 国际货币基金组织今年10月发布报告预测，2025年苏丹实际国内生产总值将增长3.2%。（总台记者 赵 远方） 当地时间12月28日，苏丹矿产资源公司表示，2025年苏丹黄金产量达70吨，创过去5年新高，收入超过1 万亿苏丹镑（1美元约合3400苏丹镑）。 苏丹矿产资源公司数据显示，受武装冲突影响，2023年该国黄金产量下降，2024年黄金产量回升至64 吨。 ...

新华社开罗12月28日电（记者张猛）喀土穆消息：苏丹矿产资源公司28日发布声明说，2025年该国黄金 产量达70吨，超过预定目标13%。 ...

来源：市场资讯 （来源：宏赫臻财） 紫金黄金国际上市首日大涨，总市值逾3000亿港元，超过山东黄金，成为国内"黄金第一股"。按照黄金 产量，坐拥八大"金山"的紫金黄金国际，在全球排第十一名，由于其增长远超过同行，2025年有望进入 前十。 栥本江湖风云变幻，创业板龙头宁德时代的市值一度超过贵州茅台，如今，紫金矿业凭借子公司紫金黄 金国际挂牌港股，紫金系4家上市公司的总市值也轻易破万亿元，彰显黄金作为避险资产的神力。 来源：新财富杂志（ID：xcfplus） 作者：鲍有斌 9月30日，紫金黄金国际（02259.HK）登陆港交所主板，股价一度涨超66%，总市值逾3000亿港元，超 过山东黄金，成为国内"黄金第一股"。 近年，地缘政治格局变动频繁，各国央行持续吸储黄金，推动作为避险资产的黄金价格大涨，其最新价 格超过3800美元/盎司，黄金开采商的业绩也大幅提升，紫金矿业（601899/02899.HK）旗下的紫金黄金 国际便是其一。 紫金黄金国际严格控制黄金营运成本，毛利率从2023年的26.2%增加至2024年的37.9%，2025年上半年 提升到46.5%，半年净利润已超过2024年全年。其利润接连翻倍，在紫 ...

（记者 张明双） 招金黄金（000506.SZ）12月24日在投资者互动平台表示，目前，斐济已进入雨季，降雨量的增加确实 会对瓦图科拉金矿的生产运营带来一些挑战，尤其是对井下排水工作提出了更高要求。对此，公司高度 重视，并已提前部署了全面的应对措施。得益于设施设备及工艺技术的改造升级，目前瓦图科拉金矿生 产经营保持稳定。公司将持续加强雨季监测与管理，确保矿山安全运营。 每经AI快讯，有投资者在投资者互动平台提问：斐济矿区目前已经进入雨季，对公司生产经营有何影 响？ ...

Core Viewpoint - Revival Gold has taken a significant step by acquiring 100% of Barrick Mining's stake in the Mercur gold project, which may lead to the resumption of gold production in Utah [1] Group 1: Acquisition Details - The acquisition option was established under a mineral lease and option-to-purchase agreement signed in May 2021, covering 996 hectares of mineral interests, expanding the Mercur project area to approximately 7,200 hectares [1] - To exercise the option, Revival Gold must spend at least C$6 million (approximately $4.35 million) on exploration by January 2, 2026, a condition that has already been fulfilled [5] Group 2: Economic Assessment - A preliminary economic assessment (PEA) for the Mercur gold project is expected to be completed by mid-2025, with a 13,000 meters drill campaign conducted this year to support a planned pre-feasibility study (PFS) in 2026 [2] - The PEA forecasts an average annual production of 95,600 ounces of gold over a mine life of ten years [2] Group 3: Financial Projections - The PEA estimates an after-tax net present value (NPV) of $294 million at a 5% discount rate and a gold price of $2,175 per ounce [3] - Compensation to Barrick will include $5 million at option closing, and $5 million on each of the first, second, and third anniversaries of the start of commercial production, with payments potentially made in cash or common shares of Revival Gold [6] Group 4: Strategic Importance - The president & CEO of Revival Gold emphasized that the acquisition consolidates a large Carlin-style gold system, which is rare outside of major Nevada gold operations, and comes with essential infrastructure such as paved road access and an energized powerline [4] - The company is committed to maintaining high standards of environmental and community stewardship, similar to those upheld by Barrick at Mercur [7]

Market Overview - The Hong Kong stock market opened slightly higher but weakened throughout the day, with all three major indices turning negative by the close. The Hang Seng Index fell by 0.11% to 25,774.14 points, with a total trading volume of HKD 157.13 billion [1] - Dongwu Securities suggests that while there may be short-term opportunities in the Hong Kong market, it is advisable to maintain a cautious stance. The current position is seen as attractive for medium to long-term allocation, with potential resonance between Hong Kong and US tech stocks, although upcoming unlocks may cause disturbances [1] Blue Chip Performance - CSPC Pharmaceutical Group (01093) led the blue-chip stocks, rising by 7.64% to HKD 8.88, contributing 8.08 points to the Hang Seng Index. The chairman increased his stake by acquiring 13.45 million shares at approximately HKD 8.20 each, totaling around HKD 110 million [2] - Other notable blue-chip movements include Tingyi (00322) up 2.07%, China Resources Power (00836) up 1.25%, while Tencent (00700) and China Unicom (00762) both fell by 2.03%, negatively impacting the index [2] Sector Highlights Gold Stocks - Gold stocks experienced volatility, with Shandong Gold (01787) closing up 4.64% at HKD 37.86. The price of gold reached new historical highs, with COMEX gold futures surpassing USD 4,500 per ounce and spot gold exceeding USD 4,480 per ounce, marking a year-to-date increase of over 70% [3] - Morgan Stanley forecasts that gold prices could rise above USD 4,000 by 2025 due to strong demand from ETFs and central banks, with potential for prices to reach USD 5,055 by the end of 2026 [3] Lithium Battery Stocks - Lithium battery stocks showed strong performance, with Ganfeng Lithium (01772) rising by 4.08% to HKD 56.15. The market anticipates a positive outlook for lithium prices due to recovering quarterly earnings and increasing demand from the new energy vehicle sector [4][5] - The China Nonferrous Metals Industry Association reported that lithium carbonate futures prices are gradually increasing, with market inventories decreasing and production levels fluctuating [4] Upcoming Unlocks Impact - The Hong Kong market is facing a wave of stock unlocks, with several companies experiencing significant declines. For instance, Yujing (02432) fell by 8.08% and Sanhua Intelligent Control (02050) dropped by 6.55% due to the expiration of lock-up periods for major shareholders [5][6] - Notably, Yujing's unlock involves 36 shareholders with approximately 193 million shares, while Sanhua's unlock includes 17 shareholders with around 196 million shares [6] Notable Stock Movements - New IPOs had mixed results, with Nobikang (02635) soaring by 363.75% on its debut, while Hansi Aitai-B (03378) plummeted by 46.25% [7] - Dongfang Electric (01072) showed strong performance, rising by 8.17% due to its focus on high-end energy equipment and positive trends in its core industries [8] - Cathay Pacific (00293) is expected to exceed previous year's net profit levels, projecting a profit of over HKD 9.88 billion, marking the potential for consecutive annual profit growth for the first time in a decade [9] - Tmall (06110) faced pressure, with a reported decline in retail and wholesale sales, indicating challenges in its business performance [10]

香港恒生指数收跌0.11%，恒生科技指数跌0.69%。诺比侃上市首日大涨超363%；黄金股继续上涨，万 国黄金集团涨超5%，山东黄金涨超4%，招金矿业涨超2%。药捷安康跌超18%，快手跌超3%。 ...