港股午评：恒指跌1%跌破25000点关口 黄金股、内房股跌幅明显 智通财经7月31日电，港股早盘三大指数涨跌不一，恒生科技指数午间收涨0.34%，恒生指数、国企指 数分别下跌1.07%及1.03%，恒指跌破25000点关口。盘面上，大型科技股盘中部分由跌转涨，快手大涨 近9%，腾讯转涨至1.46%，网易、阿里巴巴飘红，美团下跌近4%，京东、小米跌超2%。黄金股跌幅明 显，潼关黄金大跌8.6%，录得6连跌行情；内房股全线下跌，碧桂园、万科企业、新城发展跌幅居前； 家电股、汽车股、光伏股、煤炭股、建材水泥股、石油股、中资券商股、内险股纷纷走低。 ...

证券日报网讯 7月29日晚间，山东黄金（600547）发布公告称，公司将于2025年8月14日召开2025年第 三次临时股东大会。本次股东大会将审议《关于取消监事会、修订〈公司章程〉并办理登记备案事宜的 议案》《关于修订〈股东大会议事规则〉的议案》等多项议案。 ...

Core Viewpoint - 大唐黄金 (08299) reported significant growth in revenue and net profit for the fiscal year ending March 31, 2024, with a revenue of HKD 1.314 billion, representing an 81.83% year-on-year increase, and a net profit of HKD 66.55 million, up 20.35% year-on-year [3]. Financial Performance - The company achieved a revenue of HKD 1.314 billion, marking an 81.83% increase compared to the previous year [3]. - The net profit attributable to shareholders was HKD 66.55 million, reflecting a year-on-year growth of 20.35% [3]. - The net cash flow from operating activities was HKD 69.03 million, which represents a significant decline of 74.09% year-on-year [29]. - Basic earnings per share were reported at HKD 0.0095, with an average return on equity of 12.45%, down 1.24 percentage points from the previous year [3][25]. Valuation Metrics - As of July 24, the price-to-earnings (P/E) ratio (TTM) was approximately 31.81 times, the price-to-book (P/B) ratio (TTM) was about 3.3 times, and the price-to-sales (P/S) ratio (TTM) was around 1.61 times [3]. Cash Flow and Investment Activities - The net cash flow from financing activities increased significantly to HKD 10.498 million, up HKD 55.228 million year-on-year [29]. - The net cash flow from investing activities was reported at -HKD 97.229 million, compared to -HKD 187 million in the previous year [29]. Asset and Liability Changes - As of March 31, 2025, inventory increased by 168.47%, contributing to a 13.43 percentage point rise in its proportion of total assets [38]. - The company’s fixed assets rose by 6.35%, while cash and cash equivalents decreased by 48.91% [38]. - Accounts receivable and notes receivable decreased by 81.56%, impacting their share of total assets [38]. - Accounts payable and notes payable surged by 240.06%, increasing their share of total assets by 17.59 percentage points [41]. Liquidity Ratios - The current ratio was reported at 1.04, while the quick ratio stood at 0.3 [44].

Group 1 - The company, Lingbao Gold Group Co., Ltd., expects to achieve a revenue of RMB 7.49 billion to RMB 7.92 billion in the first half of 2025, representing a year-on-year growth of 75% to 85%, and a profit of RMB 656 million to RMB 687 million, reflecting a year-on-year increase of 330% to 350% [1] - The increase in revenue and net profit is attributed to accelerated production pace, significant increase in gold output, continuous improvement in mining technology, and strict cost control measures, alongside favorable factors from rising gold market prices [1] - The company is actively advancing exploration, expansion, and technological transformation projects, with multiple large tailings storage facilities and underground infrastructure projects under construction, expected to be completed by the end of 2025, laying the foundation for an average annual growth of over 10% in gold metal output over the next five years [1] Group 2 - Lingbao Gold has completed the overall design of its digital transformation plan, with three out of eleven ongoing digital projects already launched, and has initiated the Lingjin AI Laboratory project to support localized deployment of AI models [2] - The company has made breakthroughs in three-dimensional digital mining construction, applying digital technology comprehensively in geological exploration, resource assessment, and mining planning, which is expected to reduce engineering risks and enhance resource utilization [2] - The company aims to control its gold production cost below USD 1,100 per ounce, with a long-term goal of reducing it to below USD 1,000 per ounce through refined cost management [2] Group 3 - The national government has issued a plan for high-quality development of the gold industry from 2025 to 2027, focusing on increasing domestic resource reserves, strengthening key technologies, and promoting efficient resource utilization [3] - Recent policy support from the Ministry of Natural Resources aims to optimize mining rights approval and support reasonable capacity expansion for mining companies, providing strong backing for the sustainable development of the gold industry [3]

Core Viewpoint - The tragic incident at the Unugtu Mountain Copper-Molybdenum Mine, operated by China National Gold Group, has led to significant safety concerns and a temporary halt in operations, impacting the company's stock performance and market valuation [2][3]. Company Overview - China National Gold Group's Unugtu Mountain Copper-Molybdenum Mine has been a major tax contributor and a pillar for the company since its inception [7]. - The mine is located 22 kilometers south of Manzhouli City in Inner Mongolia and has been recognized as a large-scale mining operation [7]. Incident Details - On July 23, six students from Northeast University tragically drowned during a visit to the mine's flotation plant due to a grid plate falling into the flotation tank [2]. - Following the incident, the company activated its emergency response plan and expressed condolences to the victims' families [2]. Stock Market Impact - The news of the incident caused China National Gold's stock price to drop by over 7% at one point, closing down 4.97% at 15.1 CNY per share, resulting in a market value loss of approximately 3.8 billion CNY [2]. - Other companies in the gold mining sector, such as Zijin Mining, Hunan Gold, and Shandong Gold, also experienced declines in their stock prices following the incident [2]. Financial Performance - China National Gold is expected to achieve a net profit of 2.614 to 2.875 billion CNY in the first half of 2025, representing a year-on-year growth of 50% to 65% [7]. - In 2024, the company reported a revenue increase of 7.01% to 65.556 billion CNY and a net profit increase of 13.71% to 3.386 billion CNY [7]. - The company holds a 90% stake in Inner Mongolia Mining, which reported a revenue of 5.915 billion CNY and a net profit of 2.28 billion CNY in the same period [7]. Production Data - In 2024, China National Gold produced 18.35 tons of mined gold, a decrease of 0.54 tons, while copper production increased significantly to 82,000 tons, up by 2,077.28 tons [7]. - The company has been focusing on cost reduction and efficiency improvements, contributing to its substantial profit growth [7].

Turaco Gold (TCG) Conference July 23, 2025 11:45 PM ET Speaker0Thanks, Chris, and good afternoon, everyone. Thanks for coming to listen to Turaco's. Chris mentioned we're a West African gold company. We've now put the Afema gold project on the map as one of the most significant undeveloped gold projects in West Africa with a resource that we recently updated to 3,600,000 ounces of gold. And this is a gold camp, as I'll show you.We've got four deposits that sit within that. We'll We'll bring in additional de ...

Group 1: Market Trends - The paper sector continues its upward trend, with Nine Dragons Paper (02689.HK) leading the gains, rising over 9% after announcing a price increase of 30 CNY/ton for corrugated paper and recycled cardboard starting August 1, reflecting an optimized supply-demand structure in the industry [1] - The brokerage sector saw collective strength, with major Chinese brokerages like Dongfang Securities (03958.HK) and Zhongyuan Securities (01375.HK) rising over 6% and 5% respectively, indicating significant capital inflow into the sector [1] - Urban Beauty (02298.HK) surged 13% as its online GMV for 2024 is projected to reach 1.57 billion CNY, marking a 100% year-on-year increase, showcasing the effectiveness of its new retail transformation [1] Group 2: Company Performance - China Duty Free Group (01880.HK) soared 17% after Macquarie's report indicated a narrowing year-on-year revenue decline from 19.5% in Q4 2024 to 11% in Q1 2025, with a stable gross margin of 33% [1] - The gaming sector experienced a broad increase, with companies like 澳博控股 (00880.HK) and 银河娱乐 (00027.HK) rising over 3%, supported by UBS data showing Macau's average daily gaming revenue in July at 683 million MOP, a 14% year-on-year increase [2] - 雍禾医疗 (02279.HK) saw a 13% increase after forming a strategic partnership with Meituan Health to build a medical-grade hair health service system [2] Group 3: Real Estate and Financing - The Hong Kong real estate sector collectively strengthened, with Country Garden (02007.HK) leading with nearly a 10% rise, driven by improved financing conditions as indicated by the People's Bank of China's report showing a recovery in real estate loan growth [3] - Meilan Airport (0357.HK) rose 10% as CITIC Securities highlighted the significance of Hainan's trade opening, which is expected to benefit the local tourism industry [3] Group 4: Gold Sector Decline - The gold sector faced pressure, with companies like 潼关黄金 (00340.HK) and 大唐黄金 (08331.HK) dropping over 4%, attributed to a decline in spot gold prices below 3,380 USD/oz, driven by reduced safe-haven appeal due to easing trade tensions [4] Group 5: US Market Highlights - Futu Holdings (FUTU.US) rose 2.82% after announcing a long-term strategic partnership with Huaxia Fund to promote the integration of traditional finance and blockchain technology [5] - Japanese automotive stocks surged, with Toyota (TM.US) and Honda (HMC.US) rising over 13% following news of a trade agreement reducing tariffs on Japanese cars [6] - Nuclear power stocks in the US saw significant gains, with Oklo Inc (OKLO.US) rising 9.21%, reflecting a growing interest in nuclear energy [5]

Summary of Regis Resources (RRL) Conference Call - July 23, 2025 Company Overview - Regis Resources is a gold production company based in Western Australia, operating the Duketon business which includes three mills and various underground and open pit mines [3][4] - The company owns 100% of Duketon and 30% of the Tropicana asset, which is operated by AngloGold Ashanti [4] Production and Financial Performance - Guidance for gold production in FY 2025 is between 220,000 to 240,000 ounces, with all-in sustaining costs estimated at $2,790 to just over $3,200 per ounce [3] - The company generated $522 million in cash during the last financial year, increasing its cash and bullion position from net neutral to $570 million [8] - Debt was reduced by $300 million, demonstrating strong cash flow management [8] Future Production Strategy - Duketon is expected to maintain production of 200,000 to 250,000 ounces per annum at least until FY 2028, with potential to extend this to FY 2029 [9][10] - Plans to develop a fourth underground mine to sustain production levels, with ongoing exploration for additional resources beneath existing open pits [10][19] - The company is optimistic about finding new deposits, aiming for another significant discovery similar to the Garden Well [10][20] Asset Overview - Tropicana is projected to produce 130,000 to 145,000 ounces annually until FY 2028, with a focus on underground mining to offset declining open pit production [11][21] - The Macphillamys Gold Mine, currently facing regulatory challenges, has significant potential with an estimated 1.9 million ounces of reserves and a favorable cost structure [5][23][24] Exploration and Growth Potential - The company is actively exploring for new open pits and underground resources, with a focus on areas that have shown promising geological characteristics [19][22] - Historical data indicates that underground mines in the region often exceed initial reserve estimates, providing a positive outlook for future production [14][15] Financial Outlook and Shareholder Returns - The company aims to maintain a strong balance sheet and has a history of paying dividends, with over half a billion dollars distributed to shareholders in the past [27] - Future dividend payments are under consideration, contingent on gold prices and cash generation capabilities [28] Conclusion - Regis Resources is well-positioned to capitalize on current gold market conditions, with a robust production strategy, strong financial performance, and ongoing exploration efforts [29] - The management team is committed to delivering shareholder value while navigating regulatory challenges and optimizing production from existing assets [27][28]

金十数据7月24日讯，中金黄金证券部工作人员表示，"我们现在已经停产了，正在抓紧处理善后工作， 后续的这个事情都要等主管部门的通知。"该人员还称，目前当地政府相关部门正在处理该事件，公司 目前正在等待现场的信息反馈。谈及何时复产时，上述人员表示，需要等待主管部门确认。 （21财 经） 大学生参观选矿厂溺亡，中金黄金回应：目前已停产 ...

Core Insights - In the first half of 2025, China's gold production reached 179.083 tons, a year-on-year decrease of 0.31% compared to the same period in 2024 [1] - Domestic gold production consists of 139.413 tons from gold mines and 39.670 tons from non-ferrous by-products [1] - Gold imports in the first half of 2025 amounted to 76.678 tons, reflecting a year-on-year increase of 2.29% [1] - Total gold production, including imports, was 252.761 tons, showing a slight year-on-year growth of 0.44% [1] - Large gold groups in China reported an overseas mining output of 39.608 tons, which is a significant increase of 16.17% year-on-year [1]