分红方面，湖南白银A股上市后累计派现1.62亿元。近三年，累计派现0.00元。 机构持仓方面，截止2025年9月30日，湖南白银十大流通股东中，香港中央结算有限公司位居第五大流 通股东，持股5657.10万股，为新进股东。黄金股ETF（517520）位居第十大流通股东，持股2273.12万 股，为新进股东。 融券方面，湖南白银2月25日融券偿还5.55万股，融券卖出18.53万股，按当日收盘价计算，卖出金额 294.07万元；融券余量45.42万股，融券余额720.82万元，超过近一年90%分位水平，处于高位。 资料显示，湖南白银股份有限公司位于湖南省郴州市苏仙区白露塘镇福城大道1号，成立日期2004年11 月8日，上市日期2014年1月28日，公司主营业务涉及以银、铅、锌等有色金属矿采选、冶炼和深加工为 主,已形成"有色金属矿产资源探采选—多金属冶炼综合回收—精深加工"的一体化生产体系和全产业链 布局,并综合回收金、铋、锑、锌、铜、铟、钯等有价金属。主营业务收入构成为：有色金属及其制品 99.87%，其他(补充)0.13%。 截至9月30日，湖南白银股东户数15.34万，较上期增加74.39%；人均流通股1 ...

Core Viewpoint - The gold industry is experiencing a strong upward trend, with significant increases in both gold stocks and ETFs, driven by continuous accumulation of gold reserves by the People's Bank of China and rising global demand for physical gold [1][2]. Group 1: Market Performance - As of February 9, 2026, the CSI Hong Kong-Shenzhen Gold Industry Stock Index (931238) rose by 1.48%, with notable increases in constituent stocks such as Hunan Silver (+7.40%), Hangmin Co. (+4.10%), and WanGuo Gold Group (+4.08%) [1]. - The Gold Stock ETF (159322) increased by 1.55%, with the latest price reported at 2.03 yuan [1]. Group 2: Gold Reserves and Demand - The People's Bank of China reported that as of the end of January 2026, the country's gold reserves reached 74.19 million ounces, marking the 15th consecutive month of gold accumulation [1]. - The World Gold Council indicated that in January 2026, global inflows into physical gold ETFs reached $18.7 billion, setting a historical record, with total holdings rising to 4,145 tons, also a record high [1]. Group 3: Industry Composition - The CSI Hong Kong-Shenzhen Gold Industry Stock Index comprises 50 large-cap companies involved in gold mining, refining, and sales, reflecting the overall performance of the gold industry in mainland China and Hong Kong [2]. - As of January 30, 2026, the top ten weighted stocks in the index accounted for 61.69% of the total index weight, including companies like Zhongjin Gold, Zijin Mining, and Shandong Gold [2].

Core Insights - The article emphasizes the need for a reassessment of asset allocation strategies in light of increasing global macroeconomic uncertainties and rising correlations between traditional equity and bond assets [1] - It highlights the unique role of precious metals ETFs as risk diversifiers in investment portfolios, particularly during periods of economic stagnation and high inflation [1] Group 1: Market Dynamics - Precious metals such as copper, aluminum, and gold exhibit a non-linear relationship with stock and bond yields, making them valuable during economic downturns [1] - The demand for copper is being reshaped by long-term factors such as new energy installations and AI data center construction, while supply constraints persist due to reduced capital expenditures from 2018 to 2022 [1] - Historical data shows that during the quantitative easing period post-2008, gold prices surged from approximately $750/oz to $1,900/oz, reflecting a 150% increase over three years [1] Group 2: Inflation and Asset Performance - During the inflation surge from 2020 to 2022, gold prices rose from below $1,450 to over $3,400/oz by 2025, while copper prices increased from $4,400/ton to over $10,700/ton, marking a 140% rise within 15 months [2][4] - Gold serves as a hedge against currency devaluation, while copper captures demand expansion during industrial recovery phases [4] Group 3: Investment Strategies - The investment strategy employed by David Swensen at Yale involved increasing the allocation to physical assets like commodities and energy to about 15%, leveraging their low correlation with financial assets [5] - Precious metals ETFs provide a practical avenue for ordinary investors to engage in this strategy, offering essential cyclical hedging capabilities [6] Group 4: ETF Performance and Structure - The ETF in focus, Huatai-PineBridge's index, covers a broad range of metals including gold, copper, aluminum, lithium, and rare earths, positioning it to benefit from a "super cycle" in the metals market [6] - As of February 5, 2026, the index's top three sectors are copper (34.2%), aluminum (14.6%), and gold (14.4%), indicating a balanced exposure to both industrial and precious metals [7][9] - The fund has achieved a remarkable return of 173.08% over the past two years, significantly outperforming major indices like the CSI 300, with a lower maximum drawdown, showcasing a favorable risk-return profile [9]

Core Viewpoint - The article discusses the investment landscape in non-ferrous metals, highlighting the comparative advantages of the CSI Segmented Non-Ferrous Metals Industry Theme Index over the CSI Industrial Non-Ferrous Metals Theme Index in terms of composition, risk-return characteristics, and macro adaptability [1][2]. Group 1: Index Composition and Structure - The CSI Segmented Non-Ferrous Metals Index includes a diverse range of metals, such as precious metals (gold and silver), rare metals (like lithium and rare earths), and industrial metals (copper, aluminum, lead, and zinc), creating a triad structure that captures both cyclical manufacturing recovery and safe-haven premiums during geopolitical tensions [2][4]. - In contrast, the CSI Industrial Non-Ferrous Metals Index is limited to industrial metals, which may reflect industrial prosperity but lacks the stabilizing effect of precious metals, resulting in higher volatility [2][4]. Group 2: Performance Metrics - Over the past five years, the CSI Segmented Non-Ferrous Metals Industry Theme Index has achieved a return of over 120% with an annualized volatility of approximately 30%, while the CSI Industrial Non-Ferrous Metals Theme Index recorded a return of 87.99% with an annualized volatility of 33% [4][5]. - The CSI Segmented Non-Ferrous Metals Index has demonstrated a "low volatility, high return" advantage, particularly during macroeconomic disturbances, as seen during the geopolitical conflicts in 2022 and the banking crisis in 2023, where the gold component helped mitigate overall portfolio volatility [4][5]. Group 3: Investment Opportunities - The Huatai-PB CSI Segmented Non-Ferrous Metals Industry Theme ETF (159652) covers a wide range of sub-sectors, including gold, copper, aluminum, lithium, and rare earths, positioning it to benefit from the "super cycle" in non-ferrous metals [5][6]. - The top three weighted sectors in the index as of February 5, 2026, are copper (34.2%), aluminum (14.6%), and gold (14.4%), effectively combining industrial and precious metals to enhance risk-return profiles [6][8]. - The Huatai-PB CSI Segmented Non-Ferrous Metals Industry Theme ETF Link C (019165) offers a flexible fee structure, making it suitable for investors looking to capitalize on the volatility in non-ferrous metals while minimizing transaction costs [8].

(新春走基层)愚公故里济源：村企携手共书"双向奔赴"之路 中新网济源2月4日电 题：愚公故里济源：村企携手共书"双向奔赴"之路 作者 李海珠 腊月十六过后，河南省济源市思礼村的春节文艺汇演正式进入排练倒计时。这也是该村村民春节最期待 的活动之一。 多年来，万洋累计捐资8000余万元用于支持周边农村发展和民生事业改善，还于2021年出资1000万元作 为启动资金，鼓励周边村庄发展村集体产业。 图为思礼村民居与工厂厂房相映成趣。(无人机照片)王士豪 摄 卢仝广场、学校、医院、食堂、老年服务中心……村里大部分公共设施均与万洋相关。这些设施不仅方 便了村民生活，更打通了村庄发展的"动脉"。此外，企业资助的多家工厂收益归村集体所有，形成"企 业出资、集体运营、反哺村民"的模式，为村集体引来源源"活水"。 村民卢新杰受访时说，"村企共建"模式让全村"学有所教、劳有所得、老有所养"，对于因病、因祸致贫 的家庭，万洋也会安排合适的工作岗位，帮助家庭重新步入正轨。 走进该村，宽敞整洁的街道上，歌声与锣鼓声交织回荡，处处洋溢着浓浓年味。 "这里虽没有大城市的繁华，但每天都很开心。"思礼村村民卢路直言，这种幸福感的背后，是乡村与企 ...

（原标题：叶素总领事走访调研北马鲁古省力勤园区） 在园区管理团队陪同下，叶总领事一行考察了湿法冶炼、火法冶炼等核心生产区域，听取企业介绍 生产经营、安全风险防范、员工权益保障、社会公益等情况。 力勤园区照片.jpg 叶总领事积极评价园区中资企业所展现出的"筚路蓝缕，艰苦奋斗"创业精神，对园区取得的跨越式 发展成果给予充分肯定。希望企业进一步提高政治站位，做好廉洁合规经营，强化安全生产，积极履行 社会责任，继续为深化中印尼全面战略伙伴关系、推动高质量共建"一带一路"合作贡献智慧和力量。 1月23日，中国驻泗水总领事叶素走访调研位于北马鲁古省奥比岛的力勤园区，召开入园企业座谈 会并看望慰问一线中资企业员工。 ...

Group 1 - The core viewpoint of the news is that Shengtun Mining experienced a 5.2% drop in stock price, closing at 16.94 yuan per share, with a trading volume of 550 million yuan and a turnover rate of 1.04%, resulting in a total market capitalization of 52.355 billion yuan [1] - Shengtun Mining, established on January 14, 1997, and listed on May 31, 1996, is located in Xiamen, Fujian Province. The company primarily engages in non-ferrous metal mining and selection, metal industry chain value-added services, and cobalt materials business, with its main business revenue composition being 66.55% from energy metals, 27.88% from basic metals, and 5.56% from metal trading and others [1] Group 2 - From the perspective of fund holdings, one fund under Baoying Fund has a significant position in Shengtun Mining. The Baoying Core Advantage Mixed A Fund (213006) held 1.9 million shares in the fourth quarter, accounting for 5.1% of the fund's net value, making it the ninth largest holding. The estimated floating loss today is approximately 1.767 million yuan [2] - The Baoying Core Advantage Mixed A Fund (213006) was established on March 17, 2009, with a latest scale of 553 million yuan. Year-to-date, it has achieved a return of 10.84%, ranking 1685 out of 8872 in its category; over the past year, it has returned 27.23%, ranking 4694 out of 8126; and since inception, it has returned 293.92% [2]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600497 证券简称：驰宏锌锗 公告编号：临2026-006 云南驰宏锌锗股份有限公司关于增资并控股 赫章县乌蒙矿业有限责任公司的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担个别及连带责任。 一、对外投资基本情况 2025年12月30日，云南驰宏锌锗股份有限公司（以下简称"公司"）第八届董事会第二十七次会议审议批 准了《关于审议公司增资并控股赫章县乌蒙矿业有限责任公司的议案》，同意公司以通过风险勘探获取 的赫章县罗州镇硝洞铅锌多金属矿普查探矿权（以下简称"硝洞探矿权"）55%权益及现金人民币 12,222.22万元，通过非公开协议方式对赫章县乌蒙矿业有限责任公司（以下简称"乌蒙矿业"）进行增 资。增资完成后，公司将持有乌蒙矿业55%股权并将其纳入合并报表范围，原乌蒙矿业股东毕节市矿业 发展有限责任公司（以下简称"毕节矿业"）与赫章县人民政府（以下简称"赫章县政府"）合计持有乌蒙 矿业45%股权，具体内容详见公司2025年12月31日披露于上海证券交易所网站（www ...

行业层面的利好，成为推动其股价走高的核心支撑。1月28日，国际金价再度刷新历史高位，一举突破5200美元/盎司关口，日内上涨2.3%，年内已累计 上涨23%。与此同时，国际白银价格也持续上行，伦敦现货白银价格最高达到115.372美元/盎司。 这一涨势背后，得益于美联储降息预期持续升温、全球地缘冲突推高避险情绪，进而带动美元走弱、贵金属资产价值提升。这将直接利好主营贵金属、 有色金属相关业务的上市公司。 白银有色成功站上了风口。1月20日，白银有色首板涨停启动，随后连续上攻，现已走出7连板涨停。2026年以来，该股累计上涨136.07%。截至1月28日 收盘，白银有色报13.81元/股，全天成交金额54.09亿元，最新A股总市值达1023亿元。 在贵金属风口与资金追捧的双重推动下，白银有色（601212.SH）股价迎来一波凌厉拉升，成为近期A股市场的焦点。 截至1月28日收盘，该股已走出7连板涨停，今年以来累计上涨超136%，总市值突破千亿元大关。然而，这看似风光的涨势背后，却暗藏业务认知偏差、 盈利承压及内控漏洞等多重隐忧，股价狂欢与经营基本面的背离，亟待市场理性审视。 白银有色之所以能凭借7连板强势出圈， ...

长江证券指出："1月份以来，金银比跌至50附近，创13年新低，这是近期白银冲高的速度远胜于黄金导 致的。"从金银下游消费来看，部分企业表示，市场买涨情绪较浓，近期白银消费量明显增加。业内人 士称，目前在水贝市场，银条的现货大约溢价3到5个百分点。27日，A股贵金属板块也再度走强，单日 涨近4%，年初以来，板块累计涨幅更是达到近70%。近期，除了金银，多个金属品种也都出现上涨行 情。 截至2026年1月28日 13:38，中证沪深港黄金产业股票指数(931238)强势上涨6.97%，成分股晓程科技上 涨20.01%，曼卡龙上涨16.76%，中国黄金上涨10.04%，白银有色，莱绅通灵等个股跟涨。黄金股票 ETF基金(159322)上涨8.44%，最新价报2.47元。 消息面上，现货黄金站上5250美元/盎司，日内涨1.35%；现货白银涨3.44%报115.82美元/盎司。 风险提示：基金有风险，投资需谨慎。基金管理人承诺以诚实信用、勤勉尽责的原则管理和运用基金资 产，但不保证本基金一定盈利，也不保证最低收益。基金管理人提醒投资人基金投资的"买者自负"原 则，在做出投资决策后，基金运营状况与基金净值变化引致的投资 ...