Group 1 - Company Chifeng Jilong Gold Mining (06693.HK) will hold a board meeting on August 22, 2025, to review and approve the unaudited interim results for the six months ending June 30, 2025, and to consider the declaration of an interim dividend, if any [1] - The stock of Chifeng Jilong Gold has experienced a decline of over 5% amid a broader downturn in gold stocks, with spot gold prices falling below $3,370 [2]

港股三大指数收盘涨跌不一，全天呈现窄幅震荡行情。恒生指数涨0.19%，国企指数、恒生科技指数微 幅下跌0.08%及0.01%，市场情绪总体表现平稳。 盘面上， 大型科技股多数呈现下跌行情，其中，美团、网易跌超1%，小米、京东、快手飘绿，阿里巴 巴涨近2%，百度小幅上涨；苹果上周飙升逾13%！创2020年7月以来最佳单周表现，苹果概念股全天表 现强势，尤其是鸿腾精密大涨超13%；近期多个重大基建工程开工，建材水泥股、高铁基建股多数表现 活跃，其中，山水水泥涨超11%；宁德时代枧下窝锂矿停产，锂电池概念股大涨，赣锋锂业大涨近 21%，天齐锂业涨超18%，纸业股、乳制品股、生物医药股、光伏股、内房股、电信股普涨。 相关事件 另一方面，关税政策存疑致黄金期货急跌，黄金股全天表现弱势，山东黄金跌近8%表现最差，赤峰黄 金跌近7%，濠赌股、餐饮股、新消费概念股、内险股、内银股多数表现弱势。(格隆汇) 港股收评：恒生指数涨0.62%！光伏、钢铁成亮点，军工、芯片股表现疲软 港股收评：恒生指数跌 0.56%！内房股、汽车股低迷，黄金股逆势爆发 港股收评：三大指数涨跌不一，恒生科技指数涨 0.56%，医药、军工、汽车大涨 港股 ...

8月11日，港股三大指数收盘涨跌不一，全天呈现窄幅震荡行情。恒生指数涨0.19%，国企指数、恒生科技指数微幅下跌0.08%及0.01%，市场情绪总体表现 平稳。 | 名称 | | 最新价 | 涨跌额 | 涨跌幅 | | --- | --- | --- | --- | --- | | 恒生指数 | No No Noven | 24906.81 | +47.99 | +0.19% | | 800000 | | | | | | 国企指数 | the it war | 8888.08 | -7.20 | -0.08% | | 800100 | | | | | | 恒生科技指数 | Muran WN | 5460.02 | -0.28 | -0.01% 国际 | | 800700 | | | | | 盘面上，大型科技股多数呈现下跌行情，美团、网易跌超1%，小米、京东、快手飘绿，阿里巴巴涨近2%；苹果概念股全天表现强势，鸿腾精密大涨超 13%；近期多个重大基建工程开工，建材水泥股、高铁基建股多数表现活跃，山水水泥涨超11%；锂电池、纸业股、乳制品股、生物医药股、光伏股、内房 股普涨。另一方面，关税政策存疑致黄金期货急跌， ...

Group 1 - The core viewpoint of the article highlights the significant transfer of shares of Lingbao Gold (03330) from Puyin International Securities to Shenwan Hongyuan Securities, with a market value of HKD 517 million, representing 4.15% of the total shares [1] - Lingbao Gold anticipates revenue for the six months ending June 30, 2025, to be approximately RMB 7.492 billion to RMB 7.92 billion, reflecting an increase of about 75% to 85% compared to the revenue of approximately RMB 4.281 billion for the six months ending June 30, 2024 [1] - The company projects net profit for the same period to be between RMB 656 million and RMB 687 million, which indicates a substantial increase of approximately 330% to 350% compared to the net profit of around RMB 153 million for the six months ending June 30, 2024 [1]

智通财经APP获悉，香港联交所最新资料显示，8月8日，灵宝黄金(03330)股东将股票由浦银国际证券转 入申万宏源证券香港，转仓市值5.17亿港元，占比4.15%。 灵宝黄金公告，本集团预计截至2025年6月30日止6个月取得收入约人民币74.92亿元至人民币79.2亿元， 较截至2024年6月30日止6个月的收入约人民币42.81亿元增加介于约75%至85%;以及截至2025年6月30日 止6个月取得净利润人民币介于约6.56亿元至人民币6.87亿元，较截至2024年6月 30日止6个月的净利润 约人民币1.53亿元增加介于约330%至350%。 ...

机构：中金公司 研究员：王政/齐丁/陈彦 公司近况 据公告，公司于2025 年6 月末完成了SND 金铜矿项目第一阶段资源勘探工作，于2025 年8 月7 日出具了 符合JORC 标准的资源估算报告，增储黄金70.7 吨、铜33.2 万吨。本次矿产资源估算工作由公司万象矿 业勘探部门完成，并由独立的国际性矿业咨询机构SRK 审查。 评论 成功完成港股上市，公司发展有望驶入快车道。据公告，2025 年3 月10 日，公司成功在港股上市，募 集资金中40%用于新矿山并购。我们认为，公司此次打通海外融资通道，可加速并购步伐，扩大资源储 备，进一步提升产量。 盈利预测与估值 我们维持公司2025/2026 年盈利预测29.92/31.86 亿元，当前股价对应2025/2026 年16x/15x P/E。维持跑 赢行业评级。维持目标价35.21 元，对应2025/2026 年22x/21x P/E，较当前股价有38%的上行空间。 风险 产品价格大幅波动，项目进展不及预期，海外地缘政治风险。 矿区内发现SND 金铜矿项目，有望增厚公司黄金权益资源量28%。资源估算量大，据公告，公司老挝 矿区探获黄金当量（铜合并折算为黄金 ...

Market Performance - The Hong Kong stock market saw all three major indices decline in the morning session, with the Hang Seng Tech Index dropping as much as 1.3% and closing down 0.99% [1] - The Hang Seng Index and the Hang Seng China Enterprises Index fell by 0.66% and 0.61% respectively, with the Hang Seng Index falling below the 25,000-point mark again [1] Sector Performance - Major technology stocks exhibited weak performance, with Alibaba down 1.7%, Baidu and Tencent dropping over 1%, and Xiaomi, JD.com, and Meituan seeing declines within 0.6% [1] - Semiconductor stocks also faced declines, with SMIC falling by 5.57%, and other semiconductor companies like Hongguang Semiconductor and Huahong Semiconductor following suit [1] - Gaming stocks led by Wynn Macau and MGM China fell after earnings reports, while paper stocks that had previously surged on policy support experienced a pullback [1] - Biopharmaceutical stocks mostly declined, with Hutchison China MediTech dropping over 15%, leading the decline in innovative drug stocks [1] Commodity and Other Stocks - In contrast, gold stocks rose as New York gold futures reached a historical high, with Zhaojin Mining, Zijin Mining, and Tongguan Gold all increasing by over 2% [1] - Heavy machinery stocks saw a general rise, with excavator sales in July increasing by over 25% year-on-year, and Zoomlion rising by over 4% [1] - Power, building materials, and high-speed rail infrastructure stocks mostly increased, with China Metallurgical Group rising by over 6% [1]

Market Overview - The Hong Kong stock market showed a rebound today, with the Hang Seng Index closing at 25,081.63 points, up 0.69% or 171 points, and a total turnover of HKD 2,457.48 million [1] - The Hang Seng China Enterprises Index rose by 0.55% to 8,981.73 points, while the Hang Seng Tech Index increased by 0.26% to 5,546.73 points [1] Blue-Chip Performance - Wharf Real Estate Investment Company (01997) saw a rise of 4.9%, closing at HKD 25.7, contributing 3.17 points to the Hang Seng Index [2] - Sands China (01928) increased by 5.01% to HKD 20.54, contributing 3.74 points, while Xiaomi Group (01810) fell by 3.98%, dragging the index down by 61.48 points [2] Sector Highlights - Major tech stocks had mixed performances, with Alibaba rising over 2% and Baidu up 1.64%, while Xiaomi dropped nearly 4% [3] - The brain-computer interface sector saw significant gains, with Nanjing Panda Electronics (600775) surging 19% [4][5] - The gaming sector experienced a broad rally, with Sands China and other gaming stocks rising due to positive forecasts for Macau's gaming revenue [5][6] Investment Trends - Apple announced an additional USD 100 billion investment in the U.S., bringing its total investment commitment to USD 600 billion over four years, which is expected to boost related stocks [4] - The brain-computer interface industry is projected to grow rapidly, with the Chinese government aiming for breakthroughs in key technologies by 2027 [5] - Morgan Stanley raised its forecast for Macau's gaming revenue growth from 5% to 10% for the year, indicating a positive outlook for the sector [6] Notable Stock Movements - Caocao Travel (02643) surged 18.11% after signing a strategic cooperation memorandum with a financial institution [8] - IGG (00799) climbed 15.51% following the success of its new mobile game in the U.S. market [9] - Unified Enterprise China (00220) rose 4% after reporting a 10.6% increase in revenue for the first half of the year [11] - Delin Holdings (01709) fell 8.96% due to a share placement announcement at a discount [12]

智通财经APP获悉，港股今早探底回升，午后涨幅有所扩大，恒生指数成功站上两万五大关。截止收 盘，恒生指数涨0.69%或171点，报25081.63点，全日成交额为2457.48亿港元；恒生国企指数涨0.55%， 报8981.73点；恒生科技指数涨0.26%，报5546.73点。 国泰海通证券指出，年初以来的中国资产重估行情中，港股整体涨幅较A股更为可观，创新药、新消 费、AI应用等方向亮点纷呈。借鉴历史上港股占优行情，该行认为本轮行情或和其中的2012-2014年具 有一定相似性，港股表现强劲源于部分资产更具稀缺性。展望未来，港股稀缺性资产基本面更优，或吸 引南下持续流入，支撑港股继续向上。 蓝筹股表现 至6%，这带来显著的正向经营杠杆、竞争减少和盈利预估的提升。尽管近期表现优异，但如果增长得 以维持，该行认为该行业估值仍偏低。 1. 苹果概念表现亮眼。截至收盘，高伟电子(01415)涨9.62%，报29.86港元；鸿腾精密(06088)涨6.91%， 报3.25港元；舜宇光学(02382)涨3.3%，报76.75港元；蓝思科技(06613)涨2.93%，报21.1港元。 美国当地时间8月6日，苹果公司宣布追 ...

Core Viewpoint - Shandong Gold is experiencing a positive growth trajectory, with a projected revenue increase in 2025 driven by factors such as gold production, sales, and prices [2][3]. Group 1: Financial Performance - As of August 6, 2025, Shandong Gold's stock closed at 32.25 yuan, up 1.57%, with a trading volume of 326,400 hands and a transaction value of 1.047 billion yuan [1]. - The company reported a revenue of 25.935 billion yuan for Q1 2025, reflecting a year-on-year growth of 36.81% [2]. - The acquisition of Shanjin International has enhanced the company's resource reserves, gold production, asset scale, and economic benefits, with a net profit of 2.173 billion yuan in 2024, up 52.57% year-on-year [3]. Group 2: Strategic Developments - The company is actively promoting the development of gold mining projects in Gansu province, with updates to be disclosed according to information disclosure rules [2]. - Shandong Gold's acquisition of Shanjin International is seen as a strategic move to leverage synergies in resource development, regional layout, and financing [3]. - The company is exploring avenues to enhance its value and contribute to the sustainable development of the gold market, considering the potential for stablecoin issuance backed by gold [3]. Group 3: Market Activity - On August 6, 2025, the main funds experienced a net outflow of 20.5167 million yuan, while retail investors saw a net inflow of 38.2762 million yuan [4].