9月4日，湖南黄金跌5.25%，截至发稿，报20.93元/股，成交12.59亿元，换手率3.76%，总市值327.06亿 元。 截至发稿，邹巍累计任职时间5年270天，现任基金资产总规模13.68亿元，任职期间最佳基金回报 62.35%， 任职期间最差基金回报-8.1%。 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%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 从基金十大重仓股角度 责任编辑：小浪快报 数据显示，中泰证券资管旗下1只基金重仓湖南黄金。中泰中证500指数增强A（00811 ...

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]

| | 本报告期 | 上年同期 | | --- | --- | --- | | 营业收入(元) | 28.436.386.278.90 | 15.134.815.481.78 | | 归属于上市公司股东的净利 | 655,645,999.98 | 438.076.700.28 | | 润(元) | | | | 归属于上市公司股东的扣除 非经常性损益的净利润 | 656,968,576.04 | 439.148.849.45 | | (元) | | | | 经营活动产生的现金流量净 | 498,497,414.63 | 68.606.145.59 | | 额(元) | | | | 基本每股收益(元/股) | 0.42 | 0.28 | | 稀释每股收益(元/股) | 0.42 | 0.28 | | 加权平均净资产收益率 | 9.18% | 6.86% | | | 本报告期末 | 上年度末 | | 总资产(元) | 8,520,869,960.63 | 8,198,902,634.81 | | 归属于上市公司股东的净资 | 7,290,861,803.01 | 6.905.344.236.53 | | 产(元) ...

内容概况：中国是全球锑资源储量和产量的主导国家，但随着优质资源的逐渐枯竭，开采难度不断增 大。国家发改委将锑纳入"国家安全储备清单"，目标储备量提升至2.5万吨，湖南黄金、华钰矿业等企 业成为首批收储单位。同时，锑被列为"保护性开采矿种"，禁止个体采矿，强化资源勘探与开发规划。 2024年，中国氧化锑产量为10.51万吨，同比下降6.76%；氧化锑消费量为7.49万吨，同比下降2.87%。 相关上市企业：湖南黄金（002155）、华钰矿业（601020）、华锡有色（600301）、兴业银锡 （000426）、驰宏锌锗（600497） 相关企业：湖南黄金股份有限公司、国家能源投资集团有限责任公司、晋能控股集团有限公司、内蒙古 远兴能源股份有限公司、河南红星矿山机器有限公司、北方重工集团有限公司、浙江万盛股份有限公 司、瓦房店冶金轴承集团有限公司、山东思扬生物科技有限公司、天能电池集团股份有限公司、宁波康 强电子股份有限公司、江苏恒瑞医药股份有限公司 关键词：氧化锑、氧化锑市场规模、氧化锑行业现状、氧化锑发展趋势 一、行业概述 氧化锑是一种常见的锑的氧化物。锑是一种化学元素，化学符号为Sb，原子序数为51。氧化锑 ...

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].