1月6日，湖南白银涨5.12%，截至发稿，报8.00元/股，成交16.65亿元，换手率9.11%，总市值225.85亿 元。 黄金股ETF（517520）基金经理为刘庭宇。 截至发稿，刘庭宇累计任职时间2年147天，现任基金资产总规模213.54亿元，任职期间最佳基金回报 105.12%， 任职期间最差基金回报-1.99%。 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。 责任编辑：小浪快报 资料显示，湖南白银股份有限公司位于湖南省郴州市苏仙区白露塘镇福城大道1号，成立日期2004年11 月8日，上市日期2014年1月28日，公司主营业务涉及以银、铅、锌等有色金属矿采选、冶炼和深加工为 主,已形成"有色金属矿产资源探采选—多金属冶炼综合回收—精深加工"的一体化生产体系和全产业链 布局,并综合回收金、铋、锑、锌、铜、铟、钯等有价金属。主营业务收入构成为：有色金属及其制品 99.87%，其他(补充)0.13%。 从湖南白银十大流通股东角度 数据显示，永赢基金旗下1只基金位居湖 ...

截至发稿，刘庭宇累计任职时间2年141天，现任基金资产总规模213.54亿元，任职期间最佳基金回报 104.58%， 任职期间最差基金回报-1.68%。 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。 数据显示，永赢基金旗下1只基金位居湖南白银十大流通股东。黄金股ETF（517520）三季度新进十大 流通股东，持有股数2273.12万股，占流通股的比例为1.04%。根据测算，今日浮亏损失约159.12万元。 黄金股ETF（517520）成立日期2023年10月24日，最新规模116.69亿。今年以来收益91.97%，同类排名 58/4189；近一年收益89.86%，同类排名43/4188；成立以来收益104.52%。 黄金股ETF（517520）基金经理为刘庭宇。 12月31日，湖南白银跌1%，截至发稿，报6.92元/股，成交18.18亿元，换手率10.95%，总市值195.36亿 元。 资料显示，湖南白银股份有限公司位于湖南省郴州市苏仙区白露塘镇福城大道1号，成立日期2 ...

从豫光金铅十大流通股东角度 数据显示，永赢基金旗下1只基金位居豫光金铅十大流通股东。黄金股ETF（517520）三季度增持 395.76万股，持有股数877.98万股，占流通股的比例为0.81%。根据测算，今日浮亏损失约105.36万元。 黄金股ETF（517520）成立日期2023年10月24日，最新规模116.69亿。今年以来收益91.97%，同类排名 58/4189；近一年收益89.86%，同类排名43/4188；成立以来收益104.52%。 12月31日，豫光金铅跌1.01%，截至发稿，报11.81元/股，成交6.25亿元，换手率4.28%，总市值142.81 亿元。 资料显示，河南豫光金铅股份有限公司位于河南省济源市荆梁南街1号，成立日期2000年1月6日，上市 日期2002年7月30日，公司主营业务涉及有色金属冶炼及经营,化工原料的销售;贵金属冶炼;金银制品销 售。主营业务收入构成为：银产品25.90%，铜产品25.75%，铅产品21.74%，金产品21.38%，锑产品 1.66%，锌产品1.65%，其他1.27%，硫酸0.66%。 黄金股ETF（517520）基金经理为刘庭宇。 截至发稿，刘庭宇 ...

Group 1 - The core point of the article highlights the recent decline in the stock price of Xiaocheng Technology, which fell by 5.06% to 33.04 CNY per share, with a trading volume of 1.007 billion CNY and a turnover rate of 12.81%, resulting in a total market capitalization of 9.053 billion CNY [1] - Xiaocheng Technology, established on November 6, 2000, and listed on November 12, 2010, specializes in the research, development, production, and sales of power line carrier chips, providing integrated solutions for power companies and energy meter suppliers [1] - The company's main business revenue composition is 98.24% from its primary operations and 1.76% from other supplementary sources [1] Group 2 - From the perspective of major circulating shareholders, Yongying Fund has a fund that ranks among the top shareholders of Xiaocheng Technology, with the Golden Stock ETF (517520) increasing its holdings by 202.68 thousand shares in the third quarter, totaling 449.93 thousand shares, which represents 1.93% of the circulating shares [2] - The Golden Stock ETF (517520) was established on October 24, 2023, with a latest scale of 11.669 billion CNY, achieving a year-to-date return of 96.36% and ranking 42 out of 4197 in its category [2] Group 3 - The fund manager of the Golden Stock ETF (517520) is Liu Tingyu, who has been in the position for 2 years and 139 days, managing a total fund size of 21.354 billion CNY, with the best fund return during his tenure being 109.2% [3] - The worst fund return during Liu Tingyu's tenure was -1.25% [3] Group 4 - From the perspective of the fund's top holdings, Yongying Fund's Golden Stock ETF (020411) holds 100 shares of Xiaocheng Technology, ranking as the fourth-largest holding, with an estimated floating loss of approximately 176 CNY [4] - The Golden Stock ETF (020411) was established on February 1, 2024, with a latest scale of 634 million CNY, achieving a year-to-date return of 88.73% and ranking 100 out of 4197 in its category [4]

兴业证券表示，展望2026年，美国宽松货币政策有望托举市场需求，俄乌冲突和解或带动非美需求修 复。美元逆全球化下多元货币崛起，支撑黄金中长期货币信用对冲逻辑强化。黄金对冲风险与美元信用 弱化，价格中枢有望抬升，美联储降息预期下实际利率下行。地缘政治不确定性持续，各国央行将继续 增持黄金。黄金股估值处于历史低位，随着金价上涨和盈利改善，估值有望修复，提供"戴维斯双击"机 会。 截至2025年12月22日14:04，中证沪深港黄金产业股票指数(931238)强势上涨3.56%，成分股白银有色上 涨10.04%，中国黄金国际上涨7.65%，晓程科技上涨7.18%，老铺黄金，湖南白银等个股跟涨。黄金股 ETF(517520)上涨3.42%，最新价报2.06元。拉长时间看，截至2025年12月19日，黄金股ETF(517520)初 至今涨超87%。 消息面上，据智通财经，美国11月CPI低于预期，FED货币政策宽松预期升温。美国11 月未季调CPI 年 率录得2.7%，低于市场预期的3.1%。美国11月消费者价格涨幅低于预期，这让投资者看到了通胀压力 可能正在缓解的希望，从而为美联储货币宽松政策提供了更多想象空间。 此 ...

Group 1 - The core viewpoint of the news is that Dengyun Co., Ltd. has seen a stock price increase of 5.02%, reaching 18.20 CNY per share, with a total market capitalization of 2.512 billion CNY [1] - Dengyun Co., Ltd. specializes in the research, production, and sales of automotive engine intake and exhaust valves, with its main business revenue composition being: diesel engine valves 51.65%, maintenance market valves 30.72%, quality assurance valves 7.63%, natural gas engine valves 6.40%, gasoline engine valves 1.72%, electromagnetic valves 1.10%, and others 0.78% [1] Group 2 - Among the top circulating shareholders of Dengyun Co., Ltd., a fund under Yongying Fund ranks as a significant shareholder, with the Golden Stock ETF (517520) newly entering the top ten circulating shareholders in the third quarter, holding 1.1087 million shares, which accounts for 0.8% of the circulating shares [2] - The Golden Stock ETF (517520) has a total scale of 11.669 billion CNY and has achieved a return of 85.89% this year, ranking 41 out of 4197 in its category [2]

Core Insights - The gold industry is experiencing a significant upward trend, with the CSI Gold Industry Index rising by 1.80% and gold stock ETFs increasing by over 2% [1][2] - The Federal Reserve's recent decision to lower interest rates by 25 basis points has contributed to a more favorable environment for gold investments, as market volatility and geopolitical risks continue to rise [2][3] - The World Gold Council forecasts a strong performance for gold in 2026, with potential price increases of 15% to 30% due to various economic factors [3] Group 1: Market Performance - The CSI Gold Industry Index (931238) has shown a strong increase of 1.80%, with leading stocks such as Shanjin International (000975) rising by 7.09% [1][2] - Gold stock ETFs (517520) have gained over 80% year-to-date, indicating robust investor interest and market performance [1][2] Group 2: Economic Factors - The Federal Reserve has reduced the federal funds rate target range to 3.50%-3.75%, which is expected to enhance market activity and support gold prices [2] - Trump's criticism of the Fed's rate cut reflects a demand for more aggressive monetary easing, which may further elevate market risk and bolster gold's appeal as a safe-haven asset [2] Group 3: Future Outlook - The World Gold Council's report highlights that gold had an exceptional year in 2025, with returns exceeding 60%, and anticipates continued strong performance in 2026 [3] - Factors such as declining U.S. Treasury yields, heightened geopolitical risks, and increased demand for safe-haven assets are expected to support gold prices in the coming years [3] - The cyclical demand and structural trends are projected to resonate, keeping gold and silver prices in an upward trajectory [3]

Core Viewpoint - Sichuan Gold shares increased by 5.43% to 28.55 CNY per share, with a trading volume of 323 million CNY and a turnover rate of 4.07%, resulting in a total market capitalization of 11.991 billion CNY [1] Company Overview - Sichuan Gold Co., Ltd. is located at 145 Tiantai Road, High-tech Zone, Chengdu, Sichuan Province, established on August 16, 2006, and listed on March 3, 2023 [1] - The company primarily engages in gold mining, selection, and sales, with its main products being gold concentrate and refined gold, generating 100% of its main business revenue from gold concentrate [1] Shareholder Information - Among the top ten circulating shareholders of Sichuan Gold, a fund under Yongying Fund ranks first, while the Gold Stock ETF (517520) entered the top ten circulating shareholders in the third quarter, holding 2.7635 million shares, accounting for 0.96% of circulating shares [2] - The Gold Stock ETF (517520) was established on October 24, 2023, with a latest scale of 11.669 billion CNY, achieving a year-to-date return of 78.35%, ranking 37 out of 4206 in its category, and a one-year return of 69.41%, ranking 88 out of 4006 [2] - The fund manager of Gold Stock ETF (517520) is Liu Tingyu, who has a total fund asset scale of 21.354 billion CNY, with the best fund return during his tenure being 90.56% and the worst being 1.57% [2]

Group 1 - The core point of the news is that Dengyun Co., Ltd. experienced a 5.3% decline in stock price, reaching 20.35 CNY per share, with a trading volume of 1.11 billion CNY and a turnover rate of 3.77%, resulting in a total market capitalization of 2.808 billion CNY [1] - Dengyun Co., Ltd. specializes in the research, production, and sales of automotive engine intake and exhaust valve series products, with its main business revenue composition being: 51.65% from supporting products for diesel engine valves, 30.72% from the repair market for valves, 7.63% from quality products, 6.40% from supporting products for natural gas engine valves, 1.72% from supporting products for gasoline engine valves, 1.10% from electromagnetic valves, and 0.78% from other products [1] Group 2 - Among the top ten circulating shareholders of Dengyun Co., Ltd., a fund under Yongying Fund ranks first, while the Golden Stock ETF (517520) entered the top ten circulating shareholders in the third quarter, holding 1.1087 million shares, accounting for 0.8% of the circulating shares, with an estimated floating loss of approximately 1.2639 million CNY today [2] - The Golden Stock ETF (517520) was established on October 24, 2023, with a latest scale of 11.669 billion CNY, achieving a year-to-date return of 75.19%, ranking 17th out of 4206 in its category, and a one-year return of 63.58%, ranking 74th out of 3983 in its category, with a cumulative return since inception of 86.65% [2]

Group 1 - The core point of the news is that Baiyin Nonferrous Metals has experienced a significant drop in stock price, falling by 5.02% to 4.92 CNY per share, with a trading volume of 455 million CNY and a turnover rate of 1.22%, resulting in a total market capitalization of 36.431 billion CNY [1] - Baiyin Nonferrous Metals Group Co., Ltd. is located in Baiyin City, Gansu Province, and was established on July 6, 2007. The company was listed on February 15, 2017, and its main business involves the mining, smelting, processing, and trading of various nonferrous metals including copper, lead, zinc, gold, and silver [1] - The revenue composition of Baiyin Nonferrous Metals is as follows: cathode copper 47.65%, gold 18.67%, zinc ingots 7.39%, copper rods 6.90%, others 5.47%, electric silver 4.54%, copper concentrate 4.44%, others (supplement) 2.39%, lead-zinc concentrate 1.52%, sulfuric acid 0.58%, and electric lead 0.46% [1] Group 2 - From the perspective of the top ten circulating shareholders of Baiyin Nonferrous Metals, a fund under Yongying Fund ranks among the top shareholders. The Gold Stock ETF (517520) entered the top ten circulating shareholders in the third quarter, holding 34.0831 million shares, which accounts for 0.46% of the circulating shares. Today's estimated floating loss is approximately 8.8616 million CNY [2] - The Gold Stock ETF (517520) was established on October 24, 2023, with a latest scale of 11.669 billion CNY. Year-to-date, it has achieved a return of 79.7%, ranking 51 out of 4212 in its category; over the past year, it has returned 71.83%, ranking 47 out of 3956; and since inception, it has returned 91.45% [2]