湖南黄金融资融券信息显示，融资方面，当日融资买入1.47亿元，融资偿还1.58亿元，融资净偿还1156.83万元。融券方面，融券卖出1.39万股，融 券偿还3.66万股，融券余量70.08万股，融券余额1438.7万元。融资融券余额18.28亿元。 近5日融资融券数据一览见下表： 证券之星消息，截至2025年10月22日收盘，湖南黄金(002155)报收于20.53元，下跌4.42%，换手率3.72%，成交量58.11万手，成交额11.82亿元。 10月22日的资金流向数据方面，主力资金净流出3095.95万元，占总成交额2.62%，游资资金净流出734.49万元，占总成交额0.62%，散户资金净流 入3830.45万元，占总成交额3.24%。 近5日资金流向一览见下表： | 日期 | | | | | 收盘价 涨跌幅 主力净流入 主力净占比 游资净流入 游资净占比 散户净流入 散户净占比 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-10-22 | 20.53 | -4.42% | -3095.95万 | -2.6 ...

10月22日，湖南黄金跌6.52%，截至发稿，报20.08元/股，成交2.63亿元，换手率0.84%，总市值313.78 亿元。 资料显示，湖南黄金股份有限公司位于湖南省长沙经济技术开发区人民东路二段217号14楼，成立日期 2000年12月26日，上市日期2007年8月16日，公司主营业务涉及黄金及锑、钨等有色金属矿山的开采、 选矿,金锑钨等有色金属的冶炼及加工,黄金、精锑的深加工及有色金属矿产品的进出口业务等。主营业 务收入构成为：黄金94.68%，氧化锑2.09%，精锑1.53%，含量锑0.63%，其他0.43%，乙二醇锑0.42%， 钨品0.24%。 责任编辑：小浪快报 数据显示，诺德基金旗下1只基金重仓湖南黄金。诺德天富（005295）二季度持有股数28.47万股，占基 金净值比例为4.82%，位居第六大重仓股。根据测算，今日浮亏损失约39.86万元。 诺德天富（005295）成立日期2018年2月7日，最新规模1.05亿。今年以来收益3.23%，同类排名 7234/8160；近一年收益5.62%，同类排名6655/8026；成立以来收益21.6%。 诺德天富（005295）基金经理为曾文宏。 截至 ...

Group 1 - Hunan Gold's stock price decreased by 5.16%, trading at 21.68 CNY per share, with a total market capitalization of 33.878 billion CNY as of the report date [1] - The company was established on December 26, 2000, and listed on August 16, 2007, primarily engaged in the mining and processing of gold, antimony, tungsten, and other non-ferrous metals [1] - The main revenue composition of Hunan Gold includes 94.68% from gold, 2.09% from antimony oxide, 1.53% from refined antimony, 0.63% from contained antimony, and smaller percentages from other products [1] Group 2 - The fund "Zhongtai CSI 500 Index Enhanced A" holds 25,600 shares of Hunan Gold, representing 0.77% of the fund's net value, ranking as the eighth largest holding [2] - The fund has a total scale of 18.9286 million CNY and has achieved a year-to-date return of 19.13% [2] - The fund manager, Zou Wei, has been in position for 5 years and 316 days, with the best fund return during this period being 64.83% [3]

Group 1 - Hunan Gold's stock price decreased by 2.03% on September 16, trading at 22.16 yuan per share, with a total market capitalization of 34.628 billion yuan [1] - The company has seen a year-to-date stock price increase of 85.86%, but a decline of 4.61% over the last five trading days [1] - Hunan Gold's main business revenue composition includes 94.68% from gold, 2.09% from antimony oxide, and 1.53% from refined antimony [2] Group 2 - For the first half of 2025, Hunan Gold reported operating revenue of 28.436 billion yuan, a year-on-year increase of 87.89%, and a net profit attributable to shareholders of 656 million yuan, up 49.66% [2] - The company has distributed a total of 1.228 billion yuan in dividends since its A-share listing, with 553 million yuan distributed in the last three years [3] - As of June 30, 2025, Hunan Gold had 103,100 shareholders, an increase of 36.93% from the previous period [2]

Group 1 - Hunan Gold's stock price dropped by 5.25% to 20.93 CNY per share, with a trading volume of 1.259 billion CNY and a turnover rate of 3.76%, resulting in a total market capitalization of 32.706 billion CNY [1] - Hunan Gold Co., Ltd. was established on December 26, 2000, and listed on August 16, 2007. The company primarily engages in the mining and processing of gold, antimony, tungsten, and other non-ferrous metals, with gold accounting for 94.68% of its main business revenue [1] - The revenue composition of Hunan Gold includes: gold 94.68%, antimony oxide 2.09%, refined antimony 1.53%, antimony content 0.63%, others 0.43%, ethylene glycol antimony 0.42%, and tungsten products 0.24% [1] Group 2 - The fund "Zhongtai CSI 500 Index Enhanced A" (008112) holds Hunan Gold as its eighth largest position, with 25,600 shares, representing 0.77% of the fund's net value, resulting in an estimated floating loss of approximately 29,700 CNY [2] - The fund was established on December 11, 2019, with a latest scale of 18.9286 million CNY. Year-to-date returns are 18.5%, ranking 2318 out of 4222 in its category, while the one-year return is 43.03%, ranking 2046 out of 3789 [2]

Group 1 - The core viewpoint of the announcement is the company's commitment to enhancing quality, efficiency, and returns through a structured action plan for 2024 and 2025, aligning with the Shanghai Stock Exchange's initiative [1][5] Group 2 2024 Action Plan Implementation - The company achieved a 20% year-on-year increase in resource exploration within mining areas, adding 482,700 tons of lead-zinc metal resources [1] - The company maintained its lead-zinc concentrate production cost in the top 25% of the industry, with a five-year consecutive reduction in zinc smelting processing costs [1][2] - The company reported a net profit of 1.293 billion yuan and an operating cash inflow of 2.366 billion yuan for the year [1] Technological Empowerment - The company made significant technological advancements, including breakthroughs in key technologies and the establishment of a digital and intelligent mining process [2] - The company received four first-class awards from the China Nonferrous Metals Industry Science and Technology Award and filed 132 new patents [2] Green Development - The company achieved zero environmental incidents and constructed four national-level green mines and factories, maintaining a 100% compliance rate for ecological restoration and pollutant discharge [2] Governance Improvement - The company implemented 42 reform tasks and 128 key reform measures, with a focus on enhancing governance efficiency [3][4] Market Value Management - The company announced a cash dividend of 1.40 yuan per 10 shares, totaling 713 million yuan, and initiated a share buyback plan [4] Group 3 2025 Action Plan - The company plans to implement 16 exploration projects, aiming for an increase of 280,000 tons in lead-zinc metal resources [5] - The company targets an operating revenue of 10.581 billion yuan and a net profit of 932 million yuan for the year [5] Innovation and Management - The company aims to enhance innovation by integrating artificial intelligence and big data into the mining process, with a focus on key technology breakthroughs [6] - The company has set a target completion rate of 98.95% for its reform tasks by the end of 2025 [7] Safety and Environmental Goals - The company aims to achieve zero environmental incidents and is actively pursuing carbon footprint certification for its products [8] Value Return Strategy - The company plans to implement a differentiated cash dividend strategy and has allocated 268 million yuan for share repurchases [8]

Financial Performance - The company's operating revenue for the current period is approximately 28.44 billion yuan, compared to 15.13 billion yuan in the same period last year, indicating a significant increase [1] - The net profit attributable to shareholders is approximately 655.65 million yuan, up from 438.08 million yuan year-on-year [1] - The net profit after deducting non-recurring gains and losses is approximately 656.97 million yuan, compared to 439.15 million yuan in the previous year [1] - The net cash flow from operating activities is approximately 498.50 million yuan, a substantial increase from 68.61 million yuan in the same period last year, reflecting a growth of 626.61% [24] - The basic and diluted earnings per share are both 0.42 yuan, compared to 0.28 yuan in the previous year [1] Asset and Liability Management - As of the end of the current reporting period, total assets amount to approximately 8.52 billion yuan, up from 8.20 billion yuan at the end of the previous year [1] - The net assets attributable to shareholders are approximately 7.29 billion yuan, compared to 6.91 billion yuan at the end of the previous year [1] - The company’s current ratio is 2.79, and the quick ratio is 2.04, indicating strong liquidity [47] Shareholder Structure - The top ten shareholders include a new shareholder, CITIC Prudential Life Asset Management Plan, which replaced the previous quarter's shareholder [51] - The largest shareholder is Hunan Gold Group Co., Ltd., holding approximately 35.06% of the total shares, with no change in its holding [52] Industry Position - The company's price-to-earnings ratio (TTM) is approximately 31.06, the price-to-book ratio (LF) is about 4.53, and the price-to-sales ratio (TTM) is around 0.8 [1] - The company primarily engages in the mining and processing of gold, antimony, tungsten, and other non-ferrous metals, as well as the import and export of these products [10]

Core Viewpoint - China is the dominant country in global antimony resources and production, but the depletion of high-quality resources and increasing mining difficulties are significant challenges. The National Development and Reform Commission has included antimony in the "National Security Reserve List," aiming to increase the reserve target to 25,000 tons [1][6]. Industry Overview - Antimony oxide, primarily in the forms of antimony trioxide (Sb₂O₃) and antimony pentoxide (Sb₂O₅), is a common antimony oxide. Antimony is a chemical element with the symbol Sb and atomic number 51. Antimony trioxide is a white cubic crystal, soluble in hydrochloric acid and tartaric acid, but insoluble in water and acetic acid. Antimony pentoxide is a pale yellow powder, difficult to dissolve in water, and slightly soluble in alkali, forming antimonates [2][4]. Industry Chain - The upstream of the antimony oxide industry chain includes antimony ore resources, coal, soda ash, and various production equipment. The midstream involves the production and manufacturing of antimony oxide. The downstream applications include flame retardants, bearings, glass clarifiers, lead-acid batteries, electronic materials, and pharmaceuticals [4]. Industry Status - In 2024, China's antimony oxide production is projected to be 105,100 tons, a year-on-year decrease of 6.76%, while consumption is expected to be 74,900 tons, down 2.87% [6]. The average grade of domestic antimony ore has declined from 0.8% in 2010 to 0.6% in 2024, increasing mining costs by 30% [8]. The operating rate of antimony mines in China is expected to remain below 50% due to strict environmental inspections and safety issues [10]. Key Enterprises - The antimony industry in China is highly concentrated, with Hunan Gold Group and Flash Star Antimony Co., Ltd. forming a duopoly. Hunan Gold holds the largest market share, followed by Flash Star Antimony, Huaxi Nonferrous Metals, and Hunan Yutong Mining [14][16]. Hunan Gold has a comprehensive antimony industry chain and produced 29,200 tons of antimony products in 2024, a decrease of 6.15% year-on-year [16]. Development Trends 1. **Policy-Driven Resource Integration and Strategic Reserve Enhancement** - China is constructing a national security system for antimony resources through export controls, environmental inspections, and strategic reserve policies. The export control policy implemented in September 2024 aims to prioritize domestic demand, leading to a surge in antimony prices globally [20]. 2. **Technological Innovation Leading Industry Upgrade and High-End Transformation** - The antimony industry is advancing through technological innovations that enhance resource utilization and extend into high-value-added fields. New smelting processes and product developments are addressing environmental concerns and improving recovery rates [21][22]. 3. **Breaking Resource Constraints and Deepening Global Layout** - Companies are accelerating global expansion to address resource constraints. Hunan Gold plans to increase high-end antimony production capacity and pursue overseas resource acquisitions [23].

Core Viewpoint - Hunan Gold is rated as "Buy" by Huayuan Securities, focusing on its dual business of gold and antimony, with strong growth potential driven by both internal and external factors [1][5]. Investment Highlights - Hunan Gold is one of the top ten gold producers in China and a global leader in antimony mining, with production capacities of 100 tons/year for gold and 40,000 tons/year for antimony, along with 25,000 tons/year for refined antimony [2]. - The company plans to produce 72.48 tons of gold and 39,500 tons of antimony in 2025, projecting a sales revenue of 43.5 billion yuan, representing significant increases of 56% for gold and 35% for antimony compared to 2024 [2]. - Historical performance shows steady growth, with a compound annual growth rate (CAGR) of 8.36% in revenue and 16.03% in net profit from 2021 to 2023. In 2024, revenue is expected to reach 27.839 billion yuan, a year-on-year increase of 19.46%, and net profit is projected to be 847 million yuan, up 73.08% [2]. Growth Drivers - Internal growth is supported by the construction of the Gansu Jiaxin project, which is expected to enhance gold production capacity. The project is set to begin construction in May 2024, with a design capacity of 500,000 tons/year [3]. - External growth opportunities include potential resource injections from the Pingjiang gold resource project, which could significantly boost production in the medium to long term [3]. Market Dynamics - The gold and silver prices are expected to rise due to factors such as "Trump 2.0" and interest rate cuts, providing strong upward momentum for gold prices [4]. - The antimony market is anticipated to face a tightening supply-demand balance, with prices expected to rise due to limited supply from major producers like China and Russia, alongside increasing demand from various industries [4]. Profit Forecast - The company is projected to achieve net profits of 2.101 billion yuan, 2.403 billion yuan, and 2.781 billion yuan for the years 2025, 2026, and 2027, respectively, with corresponding price-to-earnings (PE) ratios of 13.59, 11.89, and 10.27 [5].