证券代码：601069 证券简称：西部黄金 公告编号： 2025-057 西部黄金股份有限公司 二、2025 年半年度（1-6 月）产销量情况分析表 2025 年半年度经营数据公告 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、准确性和完整性依法承担法律责任。 根据上海证券交易所《上海证券交易所上市公司自律监管指引第 3 号——行 业信息披露》要求，现将西部黄金股份有限公司（以下简称"公司"）2025 年 半年度（1-6 月）主要有色金属品种产销量及盈利情况披露如下（财务数据未经 审计）： 一、2025 年半年度（1-6 月）主营业务分行业、分产品、分地区、分销售模式情况 单位：元 币种：人民币 | | | 主营业务分行业情况 | | | | | | --- | --- | --- | --- | --- | --- | --- | | 分行业 | 营业收入 | 营业成本 | 毛利率（%） | 营业收入比上年增 | 营业成本比上 | 毛利率比上年增减 | | | | | | 减（%） | 年增减（%） | （%） | | 黄金行业 | 4,343,763 ...

深圳市内免税店位于我市核心商圈福田深业上城一楼，经营面积近3000平方米，是目前国内面积最大的 市内免税店。除了传统品类，该店创新引入了"深圳智造" 核心元素，特设"深圳之光" 电子黑科技体验 廊，集中展示科大讯飞、影石、优必选、荣耀、华为、时光壶、RingConn等本土优质科技品牌，进一 步彰显深圳"科技之都"的独特城市基因。 同时，店内还首次推出国产美妆护肤系列品牌，并特设可复美SPA 护肤体验区，引入高端美仪器械为消 费者带来专业定制化护肤服务；国潮专区则引入同仁堂"知嘛健康"品牌体验空间，生动呈现中医药文化 精髓。威士忌小酒馆、Care Bears Lounge爱心小熊咖啡店广东首店等各类的主题体验区集中亮相，构建 起集购物消费、体验互动与生活方式于一体的新型跨境零售场景。 "深圳市内免税店的消费人群覆盖了'境内+境外'双客群。"深业商管副总经理詹焕元表示，该店一方面 锁定境外离境客群，拉动入境消费回流，另一方面兼顾了境内普通客群，激活本地消费潜力。 随着市内免税店开业，深业上城将深度串联文华东方酒店高端住宿资源与笔架山公园的生态资源，形 成"购免税商品-住奢华酒店-游生态公园"的跨境商旅客群消费闭环 ...

深圳商报·读创客户端首席记者 刘琼 8 月 24 日，深圳市内免税店试营业进入第二天，免税购物热度持续升温，前来咨询和选购的市民、游 客络绎不绝，对市内免税新模式展现出浓厚兴趣，掀起"市内免税购物"购物热潮。其中多笔交易来自即 将出国的海外留学生和家长，他们精心挑选行李箱、护肤品、首饰等免税品，为海外求学之路增添保 障。 在店内，家长与孩子一同挑选留学所需。从耐磨抗摔的行李箱、适配不同气候的服饰，到满足长途飞行 护肤需求的国际大牌美妆产品等，一站式覆盖留学生活所需。 深圳市内免税店作为全国新增市内免税店项目中最早落地执行的门店之一，由中免集团、深圳免税集 团、深业集团联合打造，选址于深业上城一层黄金地段，其"市内购物 + 口岸离境提货" 模式，打破了 传统口岸免税店的空间与时间限制，为消费者带来更加灵活便捷的购物体验，实现"从容购物，优雅出 行"。 据悉，深圳市内免税店将于8月26日正式开业。试营业以来，门店凭借丰富的商品品类、优惠的价格以 及优质的服务，持续吸引市民、游客的关注。店内涵盖美妆护肤、腕表首饰、高端酒水、国潮精品、科 技电子等品类，满足了多元化消费需求，展现出免税经济在深圳落地生根的广阔潜力。 ...

"如果给这次体验打分的话，我会打零分。"今年5月，18岁学生周兮和母亲走进一家"主理人咖啡店"， 却感受到了"不理人"。点单过程中，饮品单上写着特调和令人看不懂的风味形容词，"主理人"只顾着与 咖啡师谈笑风生；很低的露营椅让人"伸不开腿"，咖啡又贵又难喝…… 35岁的自由职业者李小佐在一家"主理人火锅店"消费后认为，"主理人"这个词应代表更高的品质，不同 于工业流程，是小而精的产出。在这家店里，指引入座、清晰介绍菜品的细致服务，银锭形筷架、景泰 蓝掐丝珐琅铜锅等融入文化巧思的餐具，让她觉得即使客单价高，自己仍愿意消费。 但李小佐也发现，"主理人"这个词一定程度上被滥用了。市场上相当一部分不专业的人没有认真对待自 己的品牌，导致认真经营自己品牌的"主理人"也被抹去了价值。 西南交通大学公共管理学院副教授王斌，曾调研多家"主理人"店铺。他发现，不同于一般个体工商户， 小店"主理人"大多是青年，怀有"创业、创新、创意"的年轻心态。他们将战略规划、店铺运维、内容生 产、社群经营等集于一身，在人设打造、品牌运营上表达自己对美的独特理解。 王斌认为，"主理人"之所以认为自己和服务员、个体工商户不同，是因为他们希望通过开店 ...

Core Insights - The event "Wanda Special Night" is a key activity of the 2025 (6th) Hebei Sports Consumption Season, promoting both sports participation and consumer engagement [1][10] - The event aims to activate the night economy in the city while promoting the concept of "New Sports, New Life" through interactive experiences [1][10] Event Highlights - The event commenced with a dynamic fitness class, attracting over 150 fitness enthusiasts and media representatives [3][10] - More than 20 brands participated, offering exclusive discounts, with some promotions reaching nearly 50% off, valid until August 31 [3][5] Discounts and Offers - Sports equipment discounts included 59% off on new products from Hongxing Erke, and significant savings on children's apparel from Jordan [5] - Food and beverage discounts featured items like a signature watermelon ice for 12.9 yuan, and various tea brands offering up to 8.8% off [6] Leisure and Lifestyle Promotions - The event also included lifestyle discounts, such as 150 yuan off on jewelry repairs and various promotions on home goods and entertainment [7] - Fitness services were offered at low prices, including a 9.9 yuan trial class and 30% off summer training courses [8] Overall Impact - The "Wanda Special Night" created a consumption chain linking sports activities with shopping, enhancing the synergy between exercise and consumer spending [10] - The Hebei Sports Consumption Season has introduced over 782 promotional measures across more than 300 sports enterprises, focusing on benefiting the public [10]

Core Viewpoint - The overall price index of Linyi Mall decreased slightly this week, indicating mixed trends across various product categories, with some experiencing price increases while others faced declines [1]. Price Index Summary 1. Home Appliances and Audio-Visual Equipment - The price index for home appliances and audio-visual equipment rose to 103.15 points, an increase of 0.08 points, driven by higher prices in refrigeration and purification appliances, while air conditioning sales are declining [1]. 2. Lighting - The lighting category's price index increased to 104.36 points, up by 0.06 points, primarily due to rising prices of lighting accessories and outdoor lighting, despite a slight drop in procurement demand [2]. 3. Daily Necessities - The daily necessities price index reached 102.76 points, with a minor increase of 0.01 points, as demand for bags and textiles rose during the summer vacation, although some beauty and personal care products saw price reductions due to e-commerce competition [3]. 4. Steel - The steel price index fell to 97.94 points, down by 0.92 points, with all subcategories experiencing declines due to weak demand and falling upstream raw material prices [4]. 5. Clothing and Accessories - The clothing and accessories price index decreased to 104.30 points, a drop of 0.20 points, with footwear prices continuing to decline amid increased promotional activities and weak demand [5]. 6. Boards - The board price index declined to 96.53 points, down by 0.08 points, influenced by weak demand due to high temperatures and falling prices of raw materials like rubber and timber [6].

Core Insights - The global reliance on China has increased despite a complex international environment, indicating a trend of deeper integration rather than decoupling [1][2] - China's manufacturing value added accounts for over 30% of the global total, maintaining the largest scale for 15 consecutive years, with projections suggesting it could reach 45% by 2030 [1] - The growth of foreign trade is fundamentally linked to a country's productivity, with China's increasing share in global trade reflecting a consensus on its role in global division of labor [1] Trade Performance - In 2021, China's total goods trade reached 39.1 trillion yuan, a year-on-year increase of 21.4%, with exports and imports growing by 21.2% and 21.5% respectively [3] - By 2022, the total goods trade value surpassed 40 trillion yuan, reaching 42.07 trillion yuan, a 7.7% increase year-on-year [3] - In 2023, the trade value was 41.76 trillion yuan, showing a modest growth of 0.2%, while projections for 2024 indicate a rise to 43.85 trillion yuan, a 5% increase [3] Product Structure and Innovation - The export of mechanical and electrical products has strengthened, with 2021 exports reaching 12.83 trillion yuan, accounting for 59% of total exports [7] - High-tech product exports grew by 9.2% in 2025, with significant increases in high-end machinery and instruments [7] - The shift from OEM to ODM and customized products reflects an upgrade in China's export product structure, enhancing design and brand capabilities [6][7] Trade Partners and Market Diversification - China has seen a decline in trade with the U.S. while increasing trade with non-U.S. regions, with ASEAN remaining the largest trading partner [11] - The trade with "Belt and Road" countries has outpaced overall growth, accounting for 51.8% of total trade in the first half of the year [11] - The diversification of international markets has made China's trade more resilient amid uncertainties [11] E-commerce and Digital Trade - Cross-border e-commerce imports and exports reached approximately 1.32 trillion yuan in the first half of the year, growing by 5.7% [9] - The share of cross-border e-commerce in total foreign trade has increased from less than 1% in 2015 to 6.2% in 2024, indicating a significant trend towards digital trade [9][10] Future Outlook - Despite challenges from geopolitical tensions and a slowing global economy, China's complete and high-density industrial chain is expected to maintain its competitive edge for at least the next decade [12] - The focus on enhancing product quality and value-added services is crucial for sustaining international competitiveness [13] - The transition from a production-based economy to a consumption-driven one will require addressing internal challenges and finding new growth points [13]

Core Viewpoint - China's foreign trade has shown resilience and vitality in the first half of the year, with total imports and exports reaching 21.79 trillion yuan, a year-on-year increase of 2.9% [1] Group 1: Trade Performance - In the first half of the year, exports amounted to 13 trillion yuan, growing by 7.2%, while imports were 8.79 trillion yuan, declining by 2.7% [1] - The number of trading partners with a trade volume exceeding 50 billion yuan reached 61, an increase of 5 compared to the same period last year [1] - Trade with countries involved in the Belt and Road Initiative reached 11.29 trillion yuan, accounting for 51.8% of total trade, with a growth rate of 4.7% [2] Group 2: Market Dynamics - Exports to the EU totaled 2.82 trillion yuan, a year-on-year increase of 3.5%, with daily trade exceeding 150 billion yuan [2] - Exports to the US saw a total value of 2.08 trillion yuan, a decline of 9.3%, with exports dropping by 9.9% [3] - The trade volume with the US decreased significantly in the second quarter, with a year-on-year decline of 20.8% [3] Group 3: Product Innovation - High-tech product exports grew by 9.2%, marking nine consecutive months of growth, with significant increases in exports of high-end machinery and instruments [4] - The export of mechanical and electrical products reached 7.8 trillion yuan, accounting for 60% of total exports, with a growth rate of 9.5% [4] - The share of self-owned brands in high-tech product exports reached 32.4%, an increase of 1.2 percentage points from the previous year [4] Group 4: Import Trends - The decline in imports was influenced by international trade policy uncertainties and falling prices of bulk commodities, which account for about 30% of total imports [5] - The average import prices of crude oil, iron ore, and soybeans fell by over 10%, contributing to the overall decline in import growth [6] - Despite the decline, domestic economic recovery and expanding demand have led to a stabilization in imports, with a shift to growth in the second quarter [6] Group 5: Enterprise Dynamics - The number of foreign trade enterprises with import and export performance reached 628,000, a historical high, with private enterprises accounting for 54.7% [7] - Private enterprises' import and export value reached 12.48 trillion yuan, growing by 7.3% and representing 57.3% of China's total foreign trade [7] - Foreign-funded enterprises also played a significant role, with their import and export value reaching 6.32 trillion yuan, a year-on-year increase of 2.4% [8] Group 6: Policy Measures - The implementation of 29 cross-border trade facilitation measures aims to create a more efficient and transparent business environment [9] - The total value of bonded repair business imports and exports reached 256.99 billion yuan, growing by 7.5% [9] - Innovations in regulatory models for import and export goods have been promoted, with container handling volume increasing by 11.3% [9]

Core Viewpoint - Despite a complex international environment, China's foreign trade demonstrates strong resilience, with a notable increase in both exports and imports in the first half of 2025, reflecting a year-on-year growth of 2.9% in total trade volume [1][3]. Trade Performance - In the first half of 2025, China's total goods trade reached 21.79 trillion yuan, with exports growing by 7.2% and imports by 2.3% [1]. - The trade volume has remained above 10 trillion yuan for nine consecutive quarters, with an increase of over 600 billion yuan compared to the same period last year [3]. - In June 2025, the total trade volume was 3.85 trillion yuan, marking a 5.2% increase year-on-year, with exports at 2.34 trillion yuan and imports at 1.51 trillion yuan [3]. Market Diversification - China has expanded its trade relationships, achieving growth in exports and imports with over 190 countries and regions, including a significant increase in trade with emerging markets such as Africa and Central Asia [3][4]. - Trade with Africa reached 1.18 trillion yuan, growing by 14.4%, while trade with Central Asia increased by 13.8% to 357.2 billion yuan [3]. U.S.-China Trade Dynamics - U.S.-China trade saw a decline in the second quarter of 2025, with a year-on-year drop of 20.8%, but there are signs of recovery following recent trade talks [4][5]. - In the first half of 2025, trade with the U.S. decreased by 9.3%, with exports down by 9.9% and imports down by 7.7% [5]. High-Tech and E-commerce Growth - High-tech product exports grew by 9.2%, with significant increases in sectors such as industrial robots and renewable energy equipment [7]. - Cross-border e-commerce imports and exports reached approximately 1.32 trillion yuan, reflecting a year-on-year growth of 5.7% [9]. Business Confidence and Foreign Investment - Confidence among export and import enterprises has been rising, with the number of exporting companies increasing steadily over the years [11]. - In the first half of 2025, foreign-invested enterprises' trade volume reached 6.32 trillion yuan, marking a 2.4% increase [12]. - The number of foreign-invested enterprises with trade performance reached 75,000, the highest since 2021, indicating a strong interest in the Chinese market [13].

Core Viewpoint - In the first half of 2023, China's goods trade showed resilience with a total import and export value of 21.79 trillion yuan, reflecting a year-on-year growth of 2.9% despite challenges in the international trade environment [1][6]. Trade Performance - China's total goods trade in the first half of the year reached 21.79 trillion yuan, with exports amounting to 13 trillion yuan (up 7.2%) and imports at 8.79 trillion yuan (down 2.7%) [1]. - In June, the trade volume reached 3.85 trillion yuan, marking a 5.2% increase year-on-year, with exports at 2.34 trillion yuan (up 7.2%) and imports at 1.51 trillion yuan (up 2.3%) [7]. Trade with Specific Regions - Trade with the European Union amounted to 2.82 trillion yuan in the first half, a 3.5% increase, averaging over 15 billion yuan daily [2]. - Trade with the United States saw a decline, with total trade value at 2.08 trillion yuan, down 9.3%, driven by a 9.9% drop in exports [8]. Private Sector Performance - Private enterprises in China recorded a total import and export value of 12.48 trillion yuan, a 7.3% increase, accounting for 57.3% of the country's foreign trade [3]. Factors Affecting Imports - The decline in import growth was attributed to uncertainties in international trade policies and a drop in commodity prices, with significant decreases in the average import prices of crude oil, iron ore, and soybeans [4]. Tariff Policies - China plans to implement zero tariffs for 53 African countries, aiming to enhance trade relations and support mutual development [5]. Market Resilience - Despite facing external uncertainties, China's foreign trade has maintained strong resilience, with a continuous operation above 10 trillion yuan for nine consecutive quarters [6][10].