本季度信息
山东黄金(01787)公告显示，2026年上半年实现营业收入约535.88亿元，同比下降5.60%。经扣除对所持东海证券股份的公允价值变动损失影响后，经调整净利润为40.72亿元，同比增长45.01%。经营活动产生的现金流量净额为77.71亿元，同比减少26.01%。
业务分项
公告显示，上半年公司主要收入来源于矿产金销售、外购金交易、小金条及相关业务等。其中自产金收入约205.58亿元，外购金收入约174.98亿元，小金条收入约87.43亿元，贸易收入约45.24亿元，其他收入约22.64亿元。在国内外资源勘探、并购及产业布局、技术升级等多方面综合发力的背景下，公司整体营收规模仍保持在较高水准。
成本结构
报告期内，销售费用约1.61亿元，同比上升110.43%；管理费用约15.29亿元，同比下降9.00%；研发费用约3.73亿元，同比增长19.74%，约占总营收的0.70%。公司持续加大技术攻关与智能化投入，同时保持对费用项目的精细化管控，致力于推动运营效率与研发创新能力的稳步提升。
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