紫金矿业 20260226 摘要 持"矿业为主导"，以"提质、上产、控本、增效"为总方针；相较过去几年 强调"提质、控本、增效"，在当前金属价格较为合适的前提下，将"上产" 明确纳入新的总方针，并对主要矿产品产量规划指标进行了小幅上调。2026 年指引与前期变化不大：矿产金预计 105 吨，矿产铜预计 120 万吨，当量碳 酸锂预计约 12 万吨，其中当量碳酸锂由 2025 年的 2.5 万吨提升而来，主要源 于多个项目逐步放量。到 2028 年的三年规划目标为：矿产金约 130 至 140 吨， 矿产铜约 150 至 160 万吨，当量碳酸锂约 27 至 32 万吨；同时还包括矿产银、 铅锌，以及正在逐步开发和投产的矿产钼。2035 年远景目标是在三年规划基 础上实现更明显的跨越式增量，力争公司主要技术与经济指标较 2025 年实现 跨越式增长，部分指标达到全球首位，全面建成"绿色、高技术、超一流的国 际矿业集团"。 2026 年当量碳酸锂 12 万吨的产量目标如何拆分到具体项目，并进一步对应 到 2028 年 27 至 32 万吨的项目构成与节奏安排是什么？ 2026 年当量碳酸锂规划产量约 12 万吨。 ...

2月27日，赤峰黄金盘中上涨2.04%，截至13:46，报39.56元/股，成交17.56亿元，换手率2.70%，总市值 751.80亿元。 分红方面，赤峰黄金A股上市后累计派现3.87亿元。近三年，累计派现3.87亿元。 机构持仓方面，截止2025年9月30日，赤峰黄金十大流通股东中，香港中央结算有限公司位居第六大流 通股东，持股4981.38万股，相比上期减少3604.86万股。黄金股ETF（517520）位居第八大流通股东， 持股2733.19万股，相比上期增加1232.84万股。南方中证500ETF（510500）位居第九大流通股东，持股 2423.72万股，相比上期减少49.31万股。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 责任编辑：小浪快报 今年以来赤峰黄金已经1次登上龙虎榜，最近一次登上龙虎榜为1月28日。 资料显示，赤峰吉隆黄金矿业股份有限公司位于内蒙古赤峰市红山区学院北路金石明珠写字楼A座9层, 香港湾仔港 ...

股价异动原因 公司基本面支撑：中金黄金2025年业绩预告显示净利润同比预增41.76%-59.48%，主要受益于矿产金销 售均价上涨及成本管控优化。 国际金价突破历史高点：春节期间伦敦现货黄金上涨3.64%，2月24日亚洲盘一度冲高至5249美元/盎 司，创历史新高。国内沪金期货主力合约同步上涨3.52%至1150.5元/克，内外盘价差扩大形成补涨动 力。 避险情绪升温：美伊地缘局势紧张、美国关税政策不确定性推升市场波动，恐慌指数VIX单日大涨 10.06%至21.01，资金涌入黄金等避险资产。 板块资金流入：A股有色金属板块涨幅3.31%，黄金ETF（518880）单日上涨3.88%，机构资金通过黄金 产业股票指数产品加大配置。 经济观察网 中金黄金（600489）今日股价上涨主要受贵金属板块整体走强及国际金价创新高带动。根 据2026年2月24日数据，贵金属板块单日涨幅达5.55%，而中金黄金当日收盘价为31.10元，涨幅5.39%。 未来发展 当前金价处于历史高位，需关注美联储政策预期变化及地缘局势进展对价格的短期波动影响。 以上内容基于公开资料整理，不构成投资建议。 ...

这些超预期的表现，不仅反映了上市公司实际财务表现优于市场预期，还彰显出良好的经营状况和稳健 的增长态势，为投资者带来信心，成为观察经济复苏和行业发展趋势的重要窗口。 据证券时报·数据宝统计，截至2月13日（下同），已公布2025年度业绩预告、业绩快报或者年报的上市 公司中，券商研报明确给予"超预期"评价的公司有56家。这份"超预期"名单中，一个清晰的轮廓浮现出 来：龙头公司正成为业绩增长的"领跑者"。 业绩超预期不仅反映企业自身的经营实力，也是宏观经济环境、行业趋势和政策导向的风向标。 业绩超预期公司名单出炉 春节前后，A股市场进入2025年年报业绩预告、快报的披露高峰期，部分上市公司通过一系列改革措 施，经营效率大幅提升，同时受益于产品供需格局优化、行业景气度提升以及资产处置等影响，实现了 业绩的超预期增长。 数据显示，这些业绩超预期的公司中，超过八成的A股市值超过100亿元，其中更是不乏紫金矿业、兴 业银行、新易盛、中信证券、药明康德等14家千亿市值巨头。这些头部企业正以其迅猛的成长性，重新 锚定产业价值，并吸引资本向高质量发展主线加速汇聚。 以有色金属龙头紫金矿业为例，公司预计2025年净利润为510亿 ...

Industry Policy and Environment - As of February 12, the spot gold price in New York fell by 3.26%, while silver experienced a decline of 10.89%. Analysts suggest that the drop in U.S. tech stocks prompted some investors to sell precious metals to cover liquidity, exacerbated by algorithmic trading, which collectively pressured international precious metal prices and negatively impacted the A-share gold sector [2]. Company Fundamentals - According to the Q3 2025 report, the gold production of Shanjin International decreased by 11% year-on-year in the first three quarters, with a quarter-on-quarter decline of 4% in Q3. Some institutions indicate that the drop in production has a marginal impact on profits. Despite the company's excellent cost control, the production shortfall may weaken investor confidence in short-term performance [3]. Capital and Technical Aspects - On February 13, Shanjin International experienced a net outflow of 291 million yuan in main funds, continuing a trend of net outflows over several days. Technical indicators show that the stock price is below the 20-day moving average, and the MACD histogram is in negative territory, indicating significant short-term pressure [4].

Core Viewpoint - Chifeng Gold's stock price has shown a year-to-date increase of 19.97%, with significant fluctuations in trading volume and net capital outflow observed recently [2][3]. Group 1: Stock Performance - As of February 13, Chifeng Gold's stock price decreased by 2.01%, trading at 37.48 CNY per share, with a total transaction volume of 1.254 billion CNY and a turnover rate of 1.99% [1]. - Year-to-date, Chifeng Gold's stock has increased by 19.97%, with a 1.27% rise over the last five trading days, a 16.04% increase over the last 20 days, and a 19.55% increase over the last 60 days [2]. Group 2: Financial Performance - For the period from January to September 2025, Chifeng Gold reported a revenue of 8.644 billion CNY, representing a year-on-year growth of 38.91%, and a net profit attributable to shareholders of 2.058 billion CNY, which is an increase of 86.21% year-on-year [2]. - The company has distributed a total of 387 million CNY in dividends since its A-share listing, with the same amount distributed over the past three years [3]. Group 3: Shareholder Information - As of September 30, 2025, Chifeng Gold had 104,000 shareholders, a decrease of 14.13% from the previous period, with an average of 0 circulating shares per shareholder [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 49.8138 million shares, a decrease of 36.0486 million shares from the previous period [3].

Group 1 - The core viewpoint of the article is that Zijin Mining has set ambitious production targets and a long-term vision to become a leading international mining group by 2035, emphasizing its commitment to becoming a top-tier player in the global mining industry [1][2] - Zijin Mining aims to achieve a copper production target of 1.5-1.6 million tons and gold production of 130-140 tons by 2028, representing an increase of 38%-47% and 44%-56% respectively compared to 2025 [1] - The company has aggressive expansion plans in the fields of new energy and strategic metals, with lithium carbonate equivalent production targets set at 270,000-320,000 tons and molybdenum production targets at 25,000-35,000 tons, indicating explosive growth of 9-11 times and 1-2 times respectively compared to 2025 [1] Group 2 - Industry commentary highlights that Zijin Mining's production guidance reflects its ambition and strength as a leading player in the Chinese mining sector, which is expected to have a profound impact on the global mining landscape [2] - The large-scale layout in key strategic metals such as lithium and molybdenum is anticipated to reshape the global supply chain for these metals, providing essential resource support for the development of the global new energy industry [2]

Group 1: Overall Market Performance - As of February 9, 2026, 271 companies on the Shanghai Stock Exchange have issued positive performance forecasts for 2025, with 168 expecting profit increases and 85 companies turning losses into profits [1] - In the Sci-Tech Innovation Board, 391 companies have disclosed their expected performance for 2025, with nearly 60% of these companies anticipating year-on-year net profit growth, including 39 companies expecting over 100% profit growth [1] - The year 2025 is seen as a pivotal year for the "14th Five-Year Plan," showcasing resilience and structural highlights in the operations of companies listed on the Shanghai Stock Exchange [1] Group 2: Nonferrous Metals Industry - The nonferrous metals industry is projected to see an industrial added value growth of 6.9% in 2025, surpassing the national average by 1.0 percentage points, with production of ten major nonferrous metals exceeding 80 million tons for the first time [2] - The total profit of large-scale enterprises in the nonferrous metals sector is expected to reach 528.45 billion yuan, a year-on-year increase of 25.6%, marking a historical high [2] - Leading companies in the nonferrous metals sector are exhibiting a "volume-price resonance" characteristic, with significant increases in production and prices of key minerals like gold, copper, cobalt, and lithium contributing to profit growth [2] Group 3: Key Companies in Nonferrous Metals - Zijin Mining is expected to achieve a net profit of 51 to 52 billion yuan in 2025, representing a year-on-year increase of 59% to 62%, driven by rising prices of gold, silver, and copper [2] - Luoyang Molybdenum, the largest cobalt producer globally, anticipates a net profit of 20 to 20.8 billion yuan for 2025, reflecting a year-on-year increase of 47.80% to 53.71% [3] - Huayou Cobalt expects a net profit of 5.85 to 6.45 billion yuan in 2025, with a year-on-year growth of 40.80% to 55.24%, benefiting from upstream resource production and recovering downstream material business [3] Group 4: Electronics Industry - The electronics industry is experiencing significant growth driven by AI, with smart hardware becoming a primary growth engine [4] - Huaqin Technology forecasts a revenue of 170 to 171.5 billion yuan in 2025, a year-on-year increase of 54.7% to 56.1%, and a net profit of 4 to 4.05 billion yuan, reflecting a growth of 36.7% to 38.4% [4] - Shengyi Technology anticipates a net profit of 3.25 to 3.45 billion yuan, representing a year-on-year increase of 87% to 98%, driven by strong demand in automotive electronics and AI servers [4] - Rockchip is expected to achieve a revenue of 4.387 to 4.427 billion yuan in 2025, with a net profit of 1.023 to 1.103 billion yuan, reflecting a year-on-year growth of 71.97% to 85.42% [4]

（原标题：港股异动 | 紫金矿业(02899)涨超3% 公司上调未来三年产量指引 机构称其长期产量增长强 劲） 智通财经APP获悉，紫金矿业(02899)涨超3%，截至发稿，涨3.59%，报43.84港元，成交额12.51亿港 元。 美银证券指出，紫金矿业上调2026至2028年产量指引，预期矿产金产量将于2028年达到130至140吨，原 先指引为100至110吨；2025至2028年间年均复合增长率为13%至16%。同时，公司指引2028年铜产量将 达150万至160万吨，即2025至2028年间的年均复合增长率为11%至14%。该行认为，公司长期产量增长 强劲，成本控制严格，且估值合理，看好金价及铜价前景。 fund 消息面上，近日，紫金矿业会议审议通过《公司三年(2026—2028年)主要矿产品产量规划和2035年远景 目标纲要》，明确未来3年主要矿产品产量规划指标。花旗认为，通过现有矿山的扩张计划及并购，紫 金矿业的产量在未来几年将持续稳健增长。 ...

消息面上，近日，紫金矿业会议审议通过《公司三年(2026—2028年)主要矿产品产量规划和2035年远景 目标纲要》，明确未来3年主要矿产品产量规划指标。花旗认为，通过现有矿山的扩张计划及并购，紫 金矿业的产量在未来几年将持续稳健增长。 美银证券指出，紫金矿业上调2026至2028年产量指引，预期矿产金产量将于2028年达到130至140吨，原 先指引为100至110吨；2025至2028年间年均复合增长率为13%至16%。同时，公司指引2028年铜产量将 达150万至160万吨，即2025至2028年间的年均复合增长率为11%至14%。该行认为，公司长期产量增长 强劲，成本控制严格，且估值合理，看好金价及铜价前景。 紫金矿业（601899）(02899)涨超3%，截至发稿，涨3.59%，报43.84港元，成交额12.51亿港元。 ...