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黄金股最大黑马潼关黄金发布盈喜,中报净利大增259%~291%

香港智远权证网2025年8月1日 00:00
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7月31日,潼关黄金(00340.HK)发布公告称,集团于截至2025年6月30日止6个月(2025年中期期间)的中期业绩预期取得公司拥有人应占溢利介乎约3.3亿港元至3.6亿港元,较2024年同期公司拥有人应占溢利约9200万港元增加约259%至291%。

公告显示,潼关黄金公司拥有人应占溢利增加主要归因于与2024年同期相比,矿产黄金产量及销量增加及矿产黄金平均售价上涨。

在全球金价持续走强与公司自身经营深化的双重推动下,潼关黄金在2025年上半年成功迎来估值的戴维斯双击,截至6月30日,公司股价半年涨幅高达341%。进入到下半年,包括潼关黄金在内的整个黄金股板块经历了显著的价格回调,主要是国际宏观环境干扰及前期获利盘阶段性了结与短期风险偏好切换影响,截至7月31日,潼关黄金全年涨幅回落至279%,仍然是今年港股黄金板块表现最亮眼的黑马。

当下蓬勃的黄金市场,正是潼关黄金业绩腾飞的最佳注脚。2025年上半年,伦敦现货黄金价格累计上涨25.7%,创下2007年下半年以来的最大半年涨幅,充分展现了其作为重要避险资产的韧性。下半年进入到7月份,黄金价格在多方因素扰动下进入震荡区间。然而全球顶级金融机构普遍对黄金后市持乐观态度,即便近期受到部分获利回吐压力影响出现技术性调整,金价也牢牢站稳在3300美元/盎司这一关键心理关口之上。

摩根大通表示,金价冲高关键在于ETF资金流入能否重燃,这需要美联储兑现降息预期并推动美国实际收益率下行,其中美国就业数据恶化是最大看涨催化剂。乐观情形下,金价预计向年底3675美元/盎司的目标价位迈进,并预计明年初将达到4000美元/盎司。高盛也持类似的观点,其预测黄金价格到今年年底将达到每盎司3700美元,并在明年中期升至每盎司4000美元。

值得关注的是,6月25日,国家九部门联合印发《2025-2027年黄金产业高质量发展实施方案》,从推进国内资源增储上产、强化关键技术和装备攻关、促进资源绿色高效利用等九个方面,全面部署黄金产业高质量发展路径。自然资源部6月初发布的《关于进一步做好自然资源要素保障工作的通知》,进一步优化矿业权审批,支持矿山企业合理扩能,为黄金产业持续发展提供了有力的政策支撑。

潼关黄金作为具备稳定生产能力的上游金矿企业,正是这场黄金盛宴最直接的受益者。公司的内在价值不仅依赖于金价东风,更源于其清晰的发展战略和不断增强的内生动力。根据招商证券研究报告显示,公司的黄金资源平均品位高达 8.27g/t,处于行业前列。此外,今年6月,公司与紫金矿业正式签署金属流协议,深度绑定巨头资源开发红利。

本次中报盈喜也进一步印证了企业依然处于高质量增长的新周期,潼关黄金盈利高增长之势已确立,其背后的支撑逻辑——强劲的金价走势与稳健的内生增长同样清晰。此刻该公司股价经历回调,与行业的高景气及公司的基本面持续向好形成鲜明对比,投资者有望迎来布局黄金板块核心资产的战略良机。

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