Core Viewpoint - Lingbao Gold (03330) has shown a significant increase in stock price, rising over 3% to HKD 6.58, with a trading volume of HKD 42.1 million. The company is expected to achieve substantial revenue and profit growth in 2024, driven by improved performance in overseas mining and smelting operations [1][2]. Group 1: Financial Performance - In 2024, Lingbao Gold is projected to achieve operating revenue of CNY 11.87 billion, representing a year-on-year increase of 12.7% [1]. - The company is expected to realize a net profit attributable to shareholders of CNY 700 million, reflecting a year-on-year growth of 119.4% [1]. - For the second half of 2024, the operating revenue is anticipated to reach CNY 7.59 billion, with year-on-year and quarter-on-quarter increases of 61.5% and 77.3%, respectively [1]. - The net profit for the second half of 2024 is forecasted to be CNY 550 million, showing year-on-year and quarter-on-quarter growth of 175.0% and 260.3%, respectively [1]. - The profit figures are close to the upper limit of the company's previous forecasts, indicating a strong performance in overseas mining and smelting operations [1]. Group 2: Exploration and Production Plans - The company plans to drill 150,000 meters and conduct 270,000 meters of pit exploration by 2025, aiming to submit nearly 100 tons of gold metal reserves for filing by the end of 2026 [2]. - Lingbao Gold aims to maintain an annual growth rate of over 10% in mineral metal output from existing mines over the next five years [2]. - The target for gold production cost per gram is set at approximately CNY 300 (around USD 1,100 per ounce) for 2025, with a long-term goal to keep costs below USD 1,000 per ounce [2].

Summary of Shandong Gold's Conference Call Company Overview - The conference call pertains to Shandong Gold, a prominent player in the gold mining industry in China, discussing its financial performance and strategic outlook for 2024 and 2025. Key Points and Arguments Financial Performance - **Increase in Operating Costs**: The rise in operating costs for 2024 is attributed to two main factors: the increase in raw material prices, particularly explosives and external construction costs, and the amortization of asset appraisal gains from the acquisition of Yintai Gold. The overall impact of raw material price increases is expected to be minimal in 2025 [3][5][4]. - **Financial Expenses**: Financial expenses surged to over 2 billion in 2024, marking a nearly 50% year-on-year increase due to acquisitions and foreign exchange losses. This is expected to exert significant pressure on profits, although a capital increase is anticipated to alleviate some of this burden [3][8][7]. - **Stable Gold Grades**: The company plans to maintain stable gold grades in 2025, with a slight increase in the first quarter compared to the previous quarter [6][3]. Production and Projects - **Cardino Project**: Currently in the commissioning phase, with a target to reach production by the end of June 2025, expected to yield approximately 4 tons in the second half of the year [9][3]. - **Future Projects**: The New City Gold Mine is expected to be completed by 2026, while the San Shan Island project is projected to yield results by 2030. The company aims to double its production capacity to 40 tons in the long term [12][3]. - **Resource Expansion**: Shandong Gold has significant gold reserves of 973 tons, with potential for further increases through exploration and acquisitions. In 2024, the company added 58.8 tons of new resources [12][13]. Capital Expenditure and Financing - **Capital Expenditure Plans**: The company anticipates capital expenditures exceeding 6 billion in 2025, with a focus on long-term investments and resource acquisitions, particularly in Africa [15][3]. - **Dividend Policy**: A dividend of 1.48 yuan per share has been approved for 2024, with plans to increase dividend payouts in the future [16][3]. Inventory Management - **High Inventory Levels**: The increase in inventory by 950 kg is attributed to timing, production cycles, and sales strategies, particularly during high gold price periods [18][3]. Strategic Outlook - **Market Positioning**: Shandong Gold is viewed as a highly elastic investment opportunity in the gold sector, with expectations of a market rebound and increased production leading to enhanced company valuation [24][25]. Mergers and Acquisitions - **Recent Acquisitions**: The company has made several strategic acquisitions, including Yintai Gold, which are expected to yield positive economic benefits as gold prices rise [14][3]. Additional Important Information - **Regulatory Considerations**: The State-owned Assets Supervision and Administration Commission (SASAC) primarily evaluates the group’s performance based on production and revenue metrics rather than the market capitalization of the listed company [20][3]. - **Project Development**: The Daqiao Gold Mine project is projected to achieve an annual output of 5 to 6 tons, enhancing overall production capacity [22][3]. This summary encapsulates the critical insights from the conference call, highlighting Shandong Gold's financial health, production strategies, and future growth potential in the gold mining industry.

长按即可参与 A股三大指数今日集体下跌，截至收盘，沪指跌0.46%，深成指跌0.97%，创业板指跌1.15%，沪深 两市全天成交额1.22万亿，较上个交易日放量1026亿，个股跌多涨少，全市场超4000只个股下跌。 盘面上热点较为杂乱，黄金板块逆势走强，资金午后回流算力板块，杭钢股份涨停，一起来看今天 热点。 01 百亿上市公司暴雷！ 今天互联网金融概念股汇金科技一字20cm跌停，也一度冲上雪球热股榜第一！ | | | 雪矿拽股 | | | | --- | --- | --- | --- | --- | | | 股票 | | ETF | | | 热搜榜▼ | 飙升榜 | 热评榜 | 自选榜 | 组合热股榜 | | 发现热门股票 | | | | 1小时 24小时 | | 1 汇金科技 | | | -20.00% | 加自选 | | SZ300561 1.11万热度 | | | | | | 2 建设银行 | | | +1.06% | 已添加 | | SH601939 9912热度 | | | | | | | | 雪球热点 #四大行定增,财政部出资约5000亿# | | × | | 3 美的集团 | | | +3. ...

Core Viewpoint - Shandong Gold announced a guarantee of up to $180 million for its wholly-owned subsidiary in Hong Kong to support its operational and financial needs [1] Group 1: Company Overview - Shandong Gold was established on January 31, 2000, with a registered capital of 4,473.43 million RMB and is headquartered in Jinan, Shandong [1] - The company is primarily engaged in the exploration, mining, selection, and sales of gold and non-ferrous metals [1] - The current chairman is Li Hang, with a total workforce of 17,439 employees [2] Group 2: Financial Performance - The company's revenue for 2021, 2022, and 2023 was 33.935 billion RMB, 50.306 billion RMB, and 59.275 billion RMB, reflecting year-on-year changes of -46.70%, 48.24%, and 17.83% respectively [2] - The net profit attributable to shareholders for the same years was -194 million RMB, 1.246 billion RMB, and 2.328 billion RMB, with year-on-year growth rates of -109.57%, 743.23%, and 86.57% respectively [2] - The company's debt-to-asset ratio for the years 2021, 2022, and 2023 was 59.41%, 59.55%, and 60.43% respectively [2] Group 3: Risk Assessment - The company has a total of 64 risk alerts, with 1,104 surrounding risks and 703 warning alerts [2]

今天逛知乎的时候发现一个热度2000多万的新话题，是bilibili一个百大up主，好像是美食探店赛道的，我平时不看这类内容，但我有朋友看，和我说他挺 火的。 他讲述了自己被骗1000万的经历，我概述一下过程。他是从2019年在bilibili上做美食频道，年收入很快从20多万飙升到200-300万，赚到钱后他接触到了更 多有实力的大哥。其中上海一个做高端餐饮的老板与其相交，向他推荐入伙新的餐饮项目，这小哥们连合同都没签，就一个口头约定就打过去200万。 过段时间老板又说项目升级，要他增资凑1000万玩票大的，小哥们就又打了200万过去，同时拉了6个自媒体up主，每人100万入伙，凑齐了1000万，他本 人向那6个up主做了兜底承诺。 再之后就是这个老板跑路了，自己投的400万血本无归，还要对6个朋友的100万做兜底。有人说他遭遇了杀猪局，其实倒也未必，他探店能认识的老板不 可能完全是虚构出来的。那几年疫情对餐饮行业冲击很大，死扛的老板最后扛到一无所有的案例老多了，up主们投的1000万虽然对普通人是大钱，但扔到 餐饮业的黑洞里可能都撑不到1个月。 事情大概就是这样，我从中能提取出来最有价值的教训就是人不要轻 ...

Core Viewpoint - The Hong Kong stock market showed strong performance, with the Hang Seng Index rising 2.46% to a three-year high, driven by robust earnings in technology stocks, signs of economic stabilization, and positive policy expectations [1] Group 1: Market Performance - The Hang Seng Index closed at 24,740.57 points, up 595 points, with a total trading volume of 285.935 billion HKD [1] - The Hang Seng Tech Index increased by 3.96%, closing at 6,105.5 points, while the Hang Seng China Enterprises Index rose by 2.79% to 9,177.8 points [1] Group 2: Blue-Chip Stocks - Baidu Group-SW led blue-chip stocks with a 12.22% increase, closing at 103.3 HKD, contributing 15.93 points to the Hang Seng Index [2] - WuXi AppTec (药明康德) rose by 10.54% to 72.35 HKD, contributing 4.07 points to the index [2] - Other notable performers included Li Auto-W, which increased by 6.76%, and China Longjian Infrastructure, which fell by 2.93% [2] Group 3: Sector Highlights - Large technology stocks performed well, with Baidu up 12%, Alibaba and JD both rising over 5% [3] - AI concept stocks saw strong gains, with Baidu Group-SW up 12.22%, Kingsoft Cloud up 10.86%, and Alibaba-W up 5.83% [3] - The CRO sector also performed well, with WuXi AppTec up 10.54% and other CRO stocks showing significant increases [5] Group 4: Gold Stocks - Gold stocks collectively rose as international gold prices reached new highs, with Lingbao Gold up 7.3% and Shandong Gold up 6.99% [7] - UBS forecasts gold prices could reach 3,200 USD per ounce in the next four quarters, with Macquarie analysts predicting a potential peak of 3,500 USD per ounce by Q3 [7] Group 5: Robotics Sector - The robotics sector saw significant gains, with Yujian Technology up 27.88% after launching a humanoid robot [8] - Midea Group also reported advancements in humanoid robot development, indicating a push towards commercialization [8] Group 6: Notable Stock Movements - CanSino Biologics surged 25.26% after receiving breakthrough therapy designation for a new drug [9] - Hillstone Networks reported a 28.89% increase in revenue, with a 240.67% rise in net profit [10] - NIO-SW rose 8.95% following a strategic partnership with CATL to enhance battery swap services [11]

Investment Rating - The investment rating for the company is 5.4, based on operational performance, industry outlook, valuation, and market sentiment [8][11]. Core Insights - The company, Chifeng Jilong Gold Mining Co., Ltd., is a rapidly growing international gold producer with a significant increase in gold production from 2021 to 2023, achieving a compound annual growth rate (CAGR) of 33.1% [1]. - The company ranks fifth among Chinese gold producers in terms of gold resources and production, and it has a strong presence in overseas markets, with 76.9% of its gold production and 71.9% of its revenue coming from international operations in 2023 [1]. - The company's revenue for 2023 was 72.2 billion yuan, with a gross margin of 32.6% and a net profit of 8.0 billion yuan [2]. Company Overview - Chifeng Jilong Gold operates six gold and multi-metal mines across China, Laos, and Ghana, and is recognized as the fastest-growing major gold producer in China [1]. - The company has maintained operational efficiency above the global average, with all-in sustaining costs in the first quartile domestically and the second quartile internationally [1]. Financial Performance - The company's revenue has shown a year-on-year growth of 17.8% for the nine months ending September 30, 2024, driven by an increase in average selling price from 421.3 yuan/gram to 495.7 yuan/gram [2]. - The net profit for the same period is projected to increase by 143.7% due to higher sales volumes and rising gold prices [2]. Industry Outlook - Global gold demand is expected to grow at a CAGR of 0.8% from 2024 to 2028, with central bank demand growing the fastest at 6.9% [3]. - In China, gold demand is projected to increase from 35.7 million ounces in 2024 to 37.4 million ounces by 2028, with a CAGR of 1.1% [3]. - The global gold supply is anticipated to grow at a CAGR of 1.1% during the same period, while China's supply is expected to grow at 3.0% [3]. Advantages and Opportunities - The company is the largest private gold producer in China, with a strong growth trajectory in production and revenue [5]. - It has a proven track record in identifying and executing mergers and acquisitions, enhancing its global presence [5]. - The management team possesses extensive experience in the gold industry, contributing to operational excellence [5]. IPO Details - The IPO price range is set between 13.72 and 15.83 HKD, with a total market capitalization estimated at 256.50 to 295.95 billion HKD post-IPO [11]. - The net proceeds from the IPO will be allocated primarily for upgrading existing mines and acquiring quality mining assets [10].

以下文章来源于天天IPO ，作者周佳丽 天天IPO . 投资界（PEdaily.cn）旗下，专注IPO动态 来自佛山。 作者 I 周佳丽 报道 I 投资界-天天IPO 港交所即将迎来一个超级IPO。 投资界-天天IPO获悉，佛山市海天调味食品股份有限公司（简称：海天味业）近日公 告，计划发行H股并在香港联交所主板挂牌上市。这意味着，已在A股上市、最新市值 2 6 0 0亿元的"酱油一哥"正式赴港IPO。 佛山，海天味业的发源地。过去30余年里，海天味业在掌门人庞康的带领下，从一家佛 山酱油厂发展成为中国最大的调味品企业。20 1 4年上市后，海天味业股价接连刷新历 史，因而常被称为调味界的"茅台"。 今年9月，已近古稀之年的庞康选择交棒，将海天味业交给了"二号人物"程雪。至此，这 家酱油帝国迎来了创立以来第一位女掌门。现在，她要带领海天味业去港股IPO敲钟了。 女掌门带队 外界开始注意这位女高管是在20 22年末，程雪被聘任为海天味业执行总裁。这一职务变 动，被认为是海天味业内部"新老交接"的信号。 这两年，程雪渐渐走向台前，不仅罕见现身海天味业股东大会，还在今年2月出现在《宿 迁新闻》中——根据"宿迁发布" ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 就 因 本 公 告 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 SHANDONG GOLD MINING CO., LTD. 山東黃金礦業股份有限公司 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：1787） 2024年第三季度報告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.09條及第13.10B條 及香港法例第571章證券及期貨條例第XIVA部 作 出。 下文載列截至2024年9月30日止九個月山東黃金礦業股份有限公司（「本公司」） 的2024年 第 三 季 度 報 告。該 報 告 所 載 的 財 務 報 告 乃 根 據 中 國 企 業 會 計 準 則 編 製，且 未 經 審 計。 本 公 告 以 中 英 文 兩 種 語 言 編 製。如 中 英 文 版 本 有 任 何 歧 義，概 以 中 文 版 本 為 準。 承董事會命 山東黃金礦業股份有限公司 ...