从中证香港300原材料指数持仓样本的行业来看，有色金属占比73.60%、非金属材料占比19.18%、化工 占比4.12%、造纸与包装占比3.11%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期 调整日前，权重因子一般固定不变。遇临时调整时，当中证香港300指数调整样本时，其下属的行业指 数样本随之进行相应调整。在样本公司有特殊事件发生，导致其行业归属发生变更时，将对中证香港 300行业指数系列样本进行相应调整。当样本退市时，将其从指数样本中剔除。样本公司发生收购、合 并、分拆等情形的处理，参照计算与维护细则处理。 本文源自：金融界 作者：行情君 据了解，中证香港300行业指数系列在中证香港300指数样本中，按中证行业分类标准进行分类，以进入 各一、二、三级行业的全部证券作为样本编制指数，形成中证香港300行业指数系列，以反映香港市场 不同行业的整体表现。该指数以2004年12月31日为基日，以1000.0点为基点。 从指数持仓来看，中证香港300原材料指数十大权重分别为 ...

山东黄金 20250408 较高，大约在每克三百五六元左右，也导致整体营业成本上升。 2025 年的原材料物料价格对山东黄金整体成本影响如何？ 原材料物料价格对山东黄金整体成本影响分摊到总成本里。虽然去年（2024 年） 同期原材料价格有所上涨，但增幅并不是很大。因此，今年（2025 年）预计原 材料物料对整体成本的影响不会显著增加。 山东黄金今年（2025 年）的入选品位与去年（2024 年）相比有何变化？ 今年（2025 年），山东黄金计划维持去年四季度的入选品位水平。尽管一季度 相比四季度有所上涨，每吨增加了 60 元，但总体来说会保持稳定，不会有显著 变化。 摘要 Q&A 山东黄金在 2024 年年报中提到的营业成本上升的主要原因是什么？ 山东黄金 2024 年年报中的营业成本上升主要有两个方面的原因。首先是原材料 物料价格上涨，包括雷管和外围施工单位相关费用的增加，随着矿山深度增加 而导致成本费用上升。其次是并购银泰黄金时产生的资产评估增值摊销，这部 分增值摊销也计入了营业成本。此外，贝拉德罗金矿今年（2025 年）的产量下 降，但海外产量上升弥补了这一缺口。然而，由于海外贝拉德罗金矿开采成本 • ...

根据初步规划，公司及金舜矿业旗下的矿权将进行整合开发，矿区分为两期 建设。该项目的低品位资源经工业指标论证后，可以进行资源综合利用开发，可 供开发利用的金资源量合计达到 80 余吨，达成后年产黄金 5-6 吨，预计能够获 得良好的开发效益。项目后续开发建设进展，公司将及时进行披露。 特此公告。 山东黄金矿业股份有限公司 关于推动甘肃地区金矿项目开发建设的公告 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。 山东黄金矿业股份有限公司（以下简称"公司"）及控股子公司甘肃金舜矿 业有限责任公司（以下称"金舜矿业"）近日召开项目论证会，对位于甘肃区域 的金矿项目采选工程总体规划方案进行论证优化，方案已通过专家审查。 山东黄金矿业股份有限公司董事会 证券代码：600547 证券简称：山东黄金 编号：临 2025-018 2025 年 4 月 8 日 ...

[Table_StockNameRptType] 山东黄金（600547） 公司点评 金价上行支撑业绩，持续推进扩产增储 | [Table_Rank] | 投资评级：买入（维持） | | --- | --- | | 报告日期： | 2025-04-06 | | [Table_BaseData] 收盘价（元） | 26.19 | | --- | --- | | 近 12 个月最高/最低（元） | 33.25/22.62 | | 总股本（百万股） | 4,473 | | 流通股本（百万股） | 3,614 | | 流通股比例（%） | 80.80 | | 总市值（亿元） | 1,171 | | 流通市值（亿元） | 947 | [公司价格与沪深 Table_Chart] 300 走势比较 -33% -18% -2% 14% 29% 4/24 7/24 10/24 1/25 山东黄金 沪深300 [Table_Author] 分析师：许勇其 执业证书号：S0010522080002 邮箱：xuqy@hazq.com 分析师：黄玺 执业证书号：S0010524060001 邮箱：huangxi@hazq.com [T ...

截至2025年4月3日收盘，山东黄金(600547)报收于26.19元，上涨1.04%，换手率1.18%，成交量42.8万手，成交额11.29亿元。 当日关注点 交易信息汇总 山东黄金矿业股份有限公司于2025年4月3日向香港交易及结算所有限公司提交了截至2025年3月31日的证券变动月报表。公司注册股本总额为人民 币4,473,429,525元，分为H股858,986,178股和A股3,614,443,347股，每股面值均为人民币1元。H股在上海证券交易所上市，而A股在香港联合交易 所上市。本月内，公司的法定/注册股本及已发行股份数量均未发生变化，H股和A股的已发行股份数量与上月底结存相同，库存股份数量为零。 此外，股份期权、承诺发行股份的权证、可换股票据及其他协议或安排均不适用。公司确认本月内每项证券发行或库存股份出售或转让均已获得 董事会正式授权批准，并遵照所有适用上市规则、法律及其他监管规定进行。呈交者为联席公司秘书汤琦。 以上内容为证券之星据公开信息整理，由智能算法生成（网信算备310104345710301240019号），不构成投资建议。 交易信息汇总：山东黄金当日主力资金净流入2761.64万 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [3][18] Core Views - The company achieved a revenue of 82.52 billion yuan in 2024, representing a year-on-year growth of 39.21%. The net profit attributable to shareholders was 2.95 billion yuan, up 26.80% year-on-year [4] - The report indicates that the company is expected to benefit from the long-term upward trend in precious metal prices, with projected gold production of 50.0 tons in 2025 and corresponding net profits of 5.62 billion yuan [7] Financial Performance Summary - **Revenue Forecast**: - 2023A: 59.275 billion yuan - 2024A: 82.518 billion yuan - 2025E: 106.386 billion yuan - 2026E: 113.806 billion yuan - 2027E: 118.057 billion yuan - Year-on-year growth rates: 18% (2023A), 39% (2024A), 29% (2025E), 7% (2026E), 4% (2027E) [3] - **Net Profit Forecast**: - 2023A: 2.328 billion yuan - 2024A: 2.952 billion yuan - 2025E: 5.622 billion yuan - 2026E: 6.680 billion yuan - 2027E: 7.480 billion yuan - Year-on-year growth rates: 87% (2023A), 27% (2024A), 90% (2025E), 19% (2026E), 12% (2027E) [3] - **Profitability Ratios**: - Gross margin for 2024 was 16.50%, a slight decrease of 0.10 percentage points year-on-year [5] - The company’s net asset return rate is projected to reach 9% by 2027 [3] Production and Sales Performance - The company produced 46.17 tons of gold in 2024, with sales of 45.24 tons, marking a year-on-year increase of 14.18% [5] - The average selling price of self-produced gold was 553 yuan per gram, up 22.69% year-on-year, while the cost of self-produced gold was 293 yuan per gram, an increase of 27.14% [5] Strategic Outlook - The company plans to maintain a gold production of no less than 50 tons in 2025, with ongoing projects aimed at enhancing production capacity [6] - The report anticipates that the company will continue to benefit from the rising gold prices and its strategic expansion efforts [7]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年3月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 山東黃金礦業股份有限公司 呈交日期: 2025年4月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01787 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 858,986,178 | RMB | | | 1 RMB | | 858,986,178 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 858,986,178 | RMB | | | 1 RMB | | 858,986,178 | | 2. 股份分 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company reported a significant year-on-year revenue growth of 39.21% in 2024, with total revenue reaching 825.18 billion yuan and a net profit of 29.52 billion yuan, reflecting a 26.80% increase [3][4] - The increase in gold production is attributed to enhanced production capacity and ore quality, with a total gold output of 46.17 tons in 2024, marking a 10.51% increase compared to the previous year [4][5] - The company is advancing multiple construction projects, including the Namutini gold mine project, which has entered trial production and is expected to process 9.5 million tons of ore annually [5][7] - The company has successfully increased its gold resource reserves through exploration and acquisitions, adding 58.8 tons of new gold resources in 2024 [7] Summary by Sections Financial Performance - In 2024, the company's revenue was 825.18 billion yuan, with a year-on-year growth of 39.21% and a net profit of 29.52 billion yuan, up 26.80% [3][10] - The projected revenues for 2025, 2026, and 2027 are 968.35 billion yuan, 987.85 billion yuan, and 1,007.35 billion yuan respectively, with corresponding net profits of 55.27 billion yuan, 61.14 billion yuan, and 67.00 billion yuan [8][10] Production and Projects - The company's gold production in 2024 was 46.17 tons, an increase of 4.39 tons from the previous year, with quarterly outputs showing variations [4][5] - The Namutini gold mine project is currently in trial production, with an expected annual processing capacity of 9.5 million tons and an average annual gold output of 8.438 tons [5] - The company has made significant progress in resource integration and project construction, including the acquisition of mining rights and the completion of several key projects [7] Resource Development - The company achieved an increase of 58.8 tons in gold resources through exploration activities in 2024, with notable contributions from various projects [7] - Successful acquisitions have added a total of 765 tons of new gold resources, enhancing the company's long-term growth potential [7]

Investment Rating - The report maintains a "Buy" investment rating for the company [1] Core Views - The company has shown significant year-on-year growth in performance, with multiple construction projects laying the foundation for future growth [1] - The company's gold production increased in 2024, with a total output of 46.17 tons, representing a year-on-year increase of 10.51% [4] - The report highlights the successful progress of various projects, including the Namutini gold mine project entering trial production [5] - The company has increased its gold resource reserves through exploration and acquisitions, adding a total of 765 tons of gold resources [7] - Revenue forecasts for 2025-2027 are projected at 968.35 billion, 987.85 billion, and 1007.35 billion respectively, with net profits expected to be 55.27 billion, 61.14 billion, and 67.00 billion [8] Summary by Sections Market Performance - The company has outperformed the market, with a significant increase in stock price compared to the benchmark index [2] Financial Performance - In 2024, the company's operating revenue reached 825.18 billion, a year-on-year increase of 39.21%, and net profit attributable to shareholders was 29.52 billion, up 26.80% [3] Production and Projects - The company’s gold production capacity has improved due to enhanced production capabilities and ore grades, with several new projects contributing to this growth [4][5] - The Namutini gold mine project is expected to process 9.5 million tons of ore annually, yielding an average of 8.438 tons of gold [5] Resource Reserves - The company successfully added 58.8 tons of new gold resources through exploration activities in 2024 [7] Profit Forecast - The projected earnings per share for 2025-2027 are 1.24, 1.37, and 1.50 respectively, with corresponding price-to-earnings ratios of 21.5, 19.4, and 17.7 [10]

Core Viewpoint - The gold industry is experiencing significant growth, with Shandong Gold reporting a substantial increase in revenue and resources, highlighting the company's strong market position and commitment to technological innovation [1][2]. Group 1: Financial Performance - As of March 31, Shandong Gold's revenue reached 82.518 billion yuan, marking a year-on-year increase of 39.21% [1]. - The company's net profit attributable to shareholders has shown continuous growth over the past three years [1]. - The reported data resources for 2024 amounted to 2.35 million yuan, reflecting a 7.31% increase compared to the previous period [3]. Group 2: Production and Resources - Shandong Gold is the largest gold producer in China, with 12 mines producing over 1 ton of gold each in 2024 [1]. - The total gold production from domestic mines reached 38.32 tons, representing an 8.43% year-on-year increase [1]. - The company holds a total resource reserve of 2,058.46 tons of gold metal, calculated based on its equity interest [1]. Group 3: Technological Innovation - Shandong Gold is focusing on six key areas of technological innovation, including deep geological exploration and intelligent support systems [2]. - The company has significantly increased its research and development expenditure, with a year-on-year growth of 148.4% in 2024, the highest increase in three years [1][2].