截至7月31日收盘，晓程科技股价报19.00元，较前一交易日下跌2.06%。当日成交量为19.21万手，成交 金额达3.64亿元，换手率为8.22%。 风险提示：股市有风险，投资需谨慎。本文所提及信息仅供参考，不构成任何投资建议。 晓程科技主营业务涉及集成电路设计、应用和销售，以及黄金矿产的采选和销售业务。公司产品主要应 用于智能电网、智能电表等领域。 公司7月31日在互动平台回应投资者提问时表示，目前没有与雅江水电站的合作。公司强调业务动态以 定期报告为准，后续若有实质性信息将及时公告。 从资金流向来看，7月31日主力资金净流出3608.05万元，占流通市值的0.81%。该股当前市盈率为 118.24倍，市净率为5.11倍。 ...

近期，西部黄金股份有限公司（601069.SH，下称"西部黄金"）发布公告，公司将以16.55亿元现金收购控股股东，新疆有色金属工业集团（下 称"新疆有色"）持有的新疆美盛矿业有限公司（下称"新疆美盛"）100%股权。 这笔交易因其高达1421.66%的溢价和战略价值，在市场上引发高度关注。 AI制图 高溢价 此次收购，标的公司新疆美盛净资产账面价值仅1.09亿元，而评估价值高达16.55亿元，增值1546.35亿元，增值率达到1421.66%。评估机构采 用资产基础法而非收益法，认为此法更能反映矿产资源的市场价值。 就财务数据来看，新疆美盛显示亏损状态，2024年净亏损3594.30万元，2025年一季度续亏1416.21万元。 对此，公司称，矿山尚处建设期，收入仅为"与生产经营无关的其他业务收入"（2024年仅27.67万元），亏损源于前期投入而非经营不善。 资料显示，新疆美盛核心资产为新源县卡特巴阿苏金铜多金属矿，拥有78.7吨金金属量、4.9万吨铜金属量及125.54吨伴生银。 收购完成后，将使西部黄金黄金资源储量从32.15吨跃升至110.85吨，增幅达245%。 而卡特巴阿苏金铜矿预计2025年下 ...

文｜新浪财经 闫妍 7 月 24 日，中金黄金开盘大跌。开盘三分钟后成交额破 4 亿元，总市值 714 亿元，较前 一日的 770.24 亿元蒸发近 60 亿元。截至收盘，中金黄金跌 4.41% ，报 15.19 元 / 股，总市值为 736.31 亿元。 消息面上， 7 月 23 日，东北大学 6 名学生在中国黄金集团内蒙古矿业有限公司乌努格吐 山铜钼矿选矿厂参观学习浮选工艺过程中，因格栅板脱落坠入浮选槽。经全力施救， 6 人 被救出后，医护人员确认已溺亡。另有 1 名老师受伤。 中金黄金于今日早间发布公告称，对事件不幸遇难者表示沉痛哀悼，对伤者和遇难者家属表 示诚挚慰问，并对此产生的社会影响深表歉意。 今天下午，中金黄金投资者关系部门向新浪财经表示，"涉事矿厂已经停产了，后续复工等 事情要听相关主管部门的通知。"谈及目前该事件最新的处理情况，对方表示，"我们现在 （公司）领导和工作人员都第一时间赶过去了，到现场去做相关的善后工作，除了公告里面 的信息，还没有其他的信息更新，我们也在等着前方的信息反馈。" 公开信息显示，周洲为中国黄金集团有限公司党委书记、董事长。根据中金黄金 2024 年 报数据，中金黄金 ...

Core Viewpoint - Baoding Technology (002552) has released its semi-annual performance forecast, indicating a net profit of 20 million to 28 million yuan for the first half of the year, with basic earnings per share ranging from 0.04 to 0.06 yuan [1] Group 1: Company Performance and Operations - The company reported a production capacity of 300,000 tons per year at the Hexi Gold Mine, with an expected output of 527.09 kilograms of finished gold in 2024, all of which will be self-produced [1] - Baoding Technology's subsidiary, Jinbao Electronics, is a key player in the domestic PCB supply chain, providing integrated services from design to production for electronic copper foil and copper-clad laminates [1] - The company completed the acquisition of 100% equity in Hexi Gold Mine in November 2023, which will contribute to revenue growth through gold mining and sales [4] Group 2: Industry Growth and Market Trends - The high-frequency copper-clad laminate market in China is projected to grow from 950 million yuan in 2017 to 4.334 billion yuan by 2024, with a compound annual growth rate of 24.21% [2] - The demand for electronic copper foil and copper-clad laminates is driven by applications in 5G communications, smart devices, and automotive electronics, indicating a broad development space for the industry [2] - The gold market in China is experiencing rapid growth, with significant increases in trading volumes and values, reflecting heightened market activity and consumer interest in gold products [4][5] Group 3: Research and Development - Jinbao Electronics emphasizes enhancing its R&D capabilities, with 50% of its R&D personnel having over ten years of experience, focusing on electrochemistry, electroplating alloys, and chemical engineering [3] - The company has undertaken over 30 national and provincial major technology projects and has received multiple awards for technological advancements [3] - Jinbao Electronics is involved in setting industry standards, contributing to the establishment of national standards for copper foil and laminated boards, thereby strengthening its competitive edge [3]

证券代码：601069 证券简称：西部黄金 公告编号：2025-047 西部黄金股份有限公司关于调整董事会成员 暨聘任公司总经理的公告 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法律责任。 一、公司董事离任情况 西部黄金股份有限公司（简称"公司"）董事会于 2025 年 7 月 22 日收到公 司董事长唐向阳先生和董事金国彬先生、周杰先生的书面辞职报告。董事长唐向 阳先生因达到法定退休年龄，申请辞去公司董事长、战略委员会主任委员及提名 委员会委员职务；董事金国彬先生因工作调整原因，申请辞去公司董事和战略委 员会委员职务；董事周杰先生因工作调整原因，申请辞去公司董事职务。根据《上 海证券交易所股票上市规则》《上海证券交易所上市公司自律监管指引第 1 号 ——规范运作》及《公司章程》的有关规定，唐向阳先生、金国彬先生和周杰先 生的辞职自书面辞职报告送达董事会时生效。 二、补选非独立董事的情况 为保证公司董事会正常运行，2025 年 7 月 22 日公司召开第五届董事会第十 八次会议，审议通过《关于补选公司非独立董事的议案》，经公司董事会 ...

Core Viewpoint - The article highlights the significant rise in gold prices driven by geopolitical tensions and central bank purchases, leading to substantial profit increases for gold mining companies in 2025 [4][10]. Gold Price Trends - Gold opened at $2,623 per ounce in 2025 and has seen a continuous upward trend, reaching a peak of $3,499.45 per ounce on April 22, with a maximum increase of over 30% [4]. - In 2023, gold prices rose by 13.12%, ending the year at $2,062 per ounce, while in 2024, it increased by 27.3%, closing at $2,624.92 per ounce [4]. Mining Companies' Performance - Eight gold mining companies that have disclosed earnings forecasts all reported significant profit increases, with net profit growth of 50% being just the starting point, and doubling profits becoming the norm [5]. - Zhongrun Resources is projected to achieve a net profit of 34 to 50 million yuan in the first half of 2025, marking a growth of 161.90% to 191.02% [6]. - Western Gold and Shandong Gold also reported net profit growth exceeding 100%, with Shandong Gold expecting a net profit of 2.55 to 3.05 billion yuan, an increase of 84.3% to 120.5% [7]. Central Bank Gold Purchases - Global central banks have been actively purchasing gold, with China's gold reserves reaching 7.39 million ounces (approximately 2,298.55 tons) as of June, marking an increase for eight consecutive months [10]. - In the past three years, global central bank gold purchases totaled 1,000 tons, significantly higher than the average of 500 tons from 2008 to 2022 [11]. - A recent survey indicated that 95% of central banks plan to continue increasing their gold holdings in the next 12 months, the highest percentage since the survey began in 2019 [11].

证券研究报告：有色金属 | 公司深度报告 发布时间：2025-06-18 股票投资评级 资料来源：聚源，中邮证券研究所 公司基本情况 | 最新收盘价（元） | 28.19 | | --- | --- | | 总股本/流通股本（亿股）19.00 | / 16.64 | | 总市值/流通市值（亿元）536 | / 469 | | 52 周内最高/最低价 | 31.30 / 15.61 | | 资产负债率(%) | 47.3% | | 市盈率 | 26.35 | | 第一大股东 | 李金阳 | 研究所 分析师:李帅华 SAC 登记编号:S1340522060001 Email:lishuaihua@cnpsec.com 研究助理:杨丰源 SAC 登记编号:S1340124050015 Email:yangfengyuan@cnpsec.com 赤峰黄金(600988) 国际化布局的黄金矿石提供商，业绩有望快速释放 l 投资要点 赤峰黄金发展历程经历了从多元化战略到"以金为主"的战略转 型。公司于 2005 年成立，于 2012 年完成重组上市。2013 年公司收购 五龙矿业扩充黄金资源储备。2018 年收购老挝万象 ...

文/末日机甲 5月27日，山东玉龙黄金股份有限公司（601028，以下简称玉龙股份）股票终止上市暨摘牌，这是我国A股市场又一起主动终止上市的案例。 公司股票退市前最后一个交易日收盘价12.83元/股，总市值100.46亿元。玉龙股份的控股股东为济高（济南）资本投资有限公司（以下简称 济高资本），实际控制人为济南高新技术产业开发区管理委员会。2020年1月、2021年7月济南高新控股集团有限公司（以下简称"济高控 股"）通过受让、增持股份，合计持有玉龙股份2.3007亿股，持股比例29.38 %。二级市场增持股份300万股的价款除外，济高控股两次受让股 份合计耗资19.73亿元。2024年6月，济高控股将所持玉龙股份用于对济高资本的出资，济高资本成为玉龙股份的控股股东。 一、 主动退市的原因：经营状况不佳，现金流持续恶化，公司经营面临重大不确定性 2025年3月22日，公司公告《关于撤回公司股票在上海证券交易所交易的方案》。对于主动退市的原因，公告中解释：公司经营状况不佳， 现金流持续恶化，公司经营面临重大不确定性。 主动退市后，公司拟申请在全国中小企业股份转让系统挂牌，在公司终止上市之后尽可能的保持股票的流动 ...

Core Viewpoint - Yulong Co., Ltd. is facing delisting from the A-share market after submitting an application for termination of listing, primarily due to the short remaining lifespan and limited processing capacity of its gold mining assets, particularly the recently acquired Pajingo Gold Mine [2][4][23] Group 1: Company Background and Acquisition History - Yulong Co., Ltd. was once a gold stock with a market value exceeding 10 billion, but is now on the verge of delisting [2] - The company entered the gold mining sector through two acquisitions between 2020 and 2022, with the first acquisition of Barto Resources being canceled and the second acquisition of NQM Gold being completed [5][6][7] - The Pajingo Gold Mine, acquired in December 2022, has a limited remaining lifespan and was previously owned by a company with a history of financial fraud [2][8][17] Group 2: Shareholder Dynamics and Related Transactions - Jinan High-tech Holding Group, which became Yulong's largest shareholder, conducted due diligence on the Pajingo Gold Mine as early as 2018, before any formal association with Yulong [2][13] - Following a series of financial difficulties faced by its predecessor, Tianye Group, Jinan High-tech and its affiliates provided significant financial support to Yulong and its subsidiaries [17][19][20] - The acquisition of Pajingo involved complex related-party transactions, with Jinan High-tech and its affiliates being both the buyer and seller in the transaction [10][12][11] Group 3: Financial Performance and Future Outlook - Despite initial improvements in financial performance following debt restructuring, Yulong has reported cumulative losses of nearly 920 million from 2020 to 2023 [21][22] - The company’s net asset value is projected to be negative by the end of 2024, which could trigger further delisting risks [22] - Jinan High-tech's financial troubles have also escalated, with numerous legal disputes and frozen shares impacting its financial stability [22][23]

四川容大黄金股份有限公司 Sichuan Rongda Gold Co. , Ltd. （住所：木里县乔瓦镇龙钦街 26 号） 首次公开发行股票招股意向书摘要 保荐人（主承销商） （北京市朝阳区安立路 66 号 4 号楼） 四川容大黄金股份有限公司 首次公开发行股票招股意向书摘要 1-2-3-1 四川容大黄金股份有限公司 首次公开发行股票招股意向书摘要 释义 发行人声明 本招股意向书摘要的目的仅为向公众提供有关本次发行的简要情况，并不 包括招股意向书全文的各部分内容。招股意向书全文同时刊载于巨潮资讯网 站。投资者在做出认购决定之前，应仔细阅读招股意向书全文，并以其作为投 资决定的依据。 投资者若对本招股意向书及其摘要存在任何疑问，应咨询自己的股票经纪 人、律师、会计师或其他专业顾问。 发行人及全体董事、监事、高级管理人员承诺招股意向书及其摘要不存在 虚假记载、误导性陈述或重大遗漏，并对其真实性、准确性、完整性承担个别 和连带的法律责任。 公司负责人和主管会计工作的负责人、会计机构负责人保证招股意向书及 其摘要中财务会计资料真实、完整。 保荐人承诺因其为发行人首次公开发行制作、出具的文件有虚假记载、误 导性陈述 ...