Core Viewpoint - The report from Guosheng Securities indicates that the long-term quotes from major tungsten manufacturers have significantly increased, suggesting a continued upward trend in tungsten prices due to ongoing supply-demand tightness [1][2]. Price Trends - As of August 5, the prices for black tungsten concentrate, APT, and tungsten carbide powder have risen by 12%, 13%, and 14% respectively compared to early July, with current prices at 194,500 CNY/ton, 285,000 CNY/ton, and 422,500 CNY/ton [2]. - The long-term quotes for major manufacturers in early August include: Xiamen Tungsten Industry at 279,500 CNY/ton for APT, Zhangyuan Tungsten at 192,500 CNY/ton for black tungsten concentrate and 283,000 CNY/ton for APT, and Jiangxi Tungsten Group at 194,000 CNY/ton for black tungsten concentrate [2]. Market Dynamics - The current strong performance of tungsten prices is driven by three factors: the manufacturing sector is at a cyclical low, inventory levels among industries and traders are low, and external tungsten prices have been rising since June, reflecting a recovery in exports [3]. - The price gap between domestic and international tungsten prices has reached historical highs, indicating strong demand for domestic products as external markets recover [3]. Supply Situation - The long-term quotes from major manufacturers are close to market price announcements, indicating that the tight supply situation persists [4]. - The Bakuta tungsten mine in Kazakhstan has resumed normal shipments since May, with an average monthly output of around 800 tons. However, the domestic tungsten price remains strong, suggesting that local demand and supply constraints have effectively mitigated any potential market disruption from this new supply [5]. Investment Recommendations - Companies positioned at both ends of the tungsten industry chain are expected to benefit from the rising tungsten prices. Recommended stocks include Zhongtung High-tech (000657.SZ) and Anyuan Coal Industry (600397.SH), with related stocks being Xiamen Tungsten Industry (600549.SH), Zhangyuan Tungsten (002378.SZ), and Xianglu Tungsten (002842.SZ) [6].

Group 1 - The company held an investor briefing on August 6, 2025, regarding its major asset restructuring, which was conducted via the Shanghai Stock Exchange's online platform [1][2] - Key representatives from the company, including the chairman and independent directors, participated in the briefing to address investor concerns [2] Group 2 - Investors inquired about the potential renaming of the company post-restructuring, with the company indicating that it would consider a name change based on strategic development and regulatory compliance [3] - The company confirmed that after the asset swap, it would exit the coal and port transportation businesses, focusing instead on magnetic separation equipment and mining solutions [3][4] - The company plans to leverage its platform to seek quality asset integration opportunities and strengthen cooperation within the industry chain [3] Group 3 - The company is expected to complete the asset restructuring process and will disclose further information regarding its future performance and strategic plans after the necessary approvals [4] - The company aims to enhance its core competitiveness and market recognition through improved management efficiency and communication with investors [4]

Group 1 - The core point of the article is that Anyuan Coal Industry is undergoing a significant asset restructuring, planning to exit the coal business and transition into the magnetic selection equipment industry through an asset swap with Jiangxi Jiangtong Holdings [1] - On August 6, Anyuan Coal's stock closed at 6.16 yuan, with an increase of 0.02 yuan, representing a rise of 0.33%. The trading volume was 240,591 hands, with a transaction amount of 1.49 billion yuan [1] - The management indicated that the company will leverage its listing platform to seek opportunities for upstream and downstream integration in the future [1] Group 2 - The controlling shareholder, Jiangxi Investment Group, has approved the asset swap plan, which still requires approval from the shareholders' meeting [1] - On August 6, the net inflow of main funds was 3.02 million yuan, while the cumulative net outflow of main funds over the past five days was 29.82 million yuan [1]

安源煤业集团股份有限公司 ANYUAN COAL INDUSTRY GROUP CO., LTD. 一、大会开始，主持人介绍本次股东大会现场会议的出席情况； 会议主持人 2025年第二次临时股东大会会议资料 二〇二五年八月 安源煤业集团股份有限公司 2025年第二次临时股东大会议程 现场会议时间：2025 年 8 月 11 日（星期一）14:00； 网络投票时间：2025 年 8 月 11 日。 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股东 大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互联 网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 现场会议地点：江西省南昌市南昌高新技术产业开发区火炬大街 188 号公司 10 楼 会议室。 会议主持人：安源煤业董事长。 会议议程： 二、宣读安源煤业 2025 年第二次临时股东大会会议须知； 会议主持人 三、宣读、审议议案： 1.审议《关于本次重大资产置换暨关联交易符合相关法律、法规规 定的议案》 会议主持人 2.审议《关于本次重大资产置换暨关联交易方案的议案》 3.审议《关 ...

证券代码：600397 证券简称：安源煤业 公告编号：2025- 066 安源煤业集团股份有限公司 关于重大资产重组投资者说明会召开情况的公告 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、准确性和完整性承担法律责任。 1 / 3 回复：尊敬的投资者，您好！本次交易完成后，金环磁选将成为上市公司的 控股子公司，上市公司主营业务将转为磁力选矿设备业务及提供矿业全流程解决 方案业务。后续上市公司将根据战略发展规划并结合公司实际情况综合考虑是否 进行更名，若上市公司有相关更名计划，将严格按照相关规定履行审议程序和信 息披露义务。感谢您的关注！ 2、请问董事长，江西钨业在置换资产后有没有打算或者会不会购买或者注 入公司下属其他矿山？江西钨业如何完善产业链？ 回复：尊敬的投资者，您好！本次交易完成后，上市公司将充分利用上市平 台的优势，结合市场需求与发展需要，进一步寻求产业链上下游优质资产整合机 会，加强与产业链上下游企业的深度合作，巩固和提升上市公司在磁选设备行业 的龙头地位。若上市公司后续有相关资本运作计划，将严格按照相关规定履行审 议程序和信息披露义务。感谢 ...

二〇二五年八月 安源煤业集团股份有限公司 安源煤业集团股份有限公司 ANYUAN COAL INDUSTRY GROUP CO., LTD. 2025年第二次临时股东大会会议资料 2025年第二次临时股东大会议程 现场会议时间：2025 年 8 月 11 日（星期一）14:00； 网络投票时间：2025 年 8 月 11 日。 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股东 大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互联 网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 现场会议地点：江西省南昌市南昌高新技术产业开发区火炬大街 188 号公司 10 楼 会议室。 会议主持人：安源煤业董事长。 会议议程： 一、大会开始，主持人介绍本次股东大会现场会议的出席情况； 会议主持人 二、宣读安源煤业 2025 年第二次临时股东大会会议须知； 会议主持人 三、宣读、审议议案： 1.审议《关于本次重大资产置换暨关联交易符合相关法律、法规规 定的议案》 会议主持人 2.审议《关于本次重大资产置换暨关联交易方案的议案》 3.审议《关 ...

Investment Rating - The report maintains a "Buy" rating for the companies involved in the tungsten industry, specifically recommending Zhongtung High-tech and Anyuan Coal Industry [4]. Core Viewpoints - The tungsten price is expected to continue rising due to tight supply and demand dynamics, with significant price increases observed in various tungsten products as of early August [1][2]. - The report identifies three main reasons for the strong performance of tungsten prices: the manufacturing sector is at a cyclical bottom, low inventory levels prompting restocking, and a recovery in export demand since June [2][3]. - The long-term outlook for tungsten prices remains positive due to persistent supply constraints and the scarcity of resources, which is likely to elevate the price center [4]. Summary by Sections Market Prices - As of August 5, 2023, black tungsten concentrate prices reached 194,500 CNY/ton, up 12% from early July; APT prices were 285,000 CNY/ton, up 13%; and tungsten carbide powder prices were 422,500 CNY/ton, up 14% [1]. Long-term Quotes - Major companies have set long-term quotes close to market prices, indicating ongoing raw material shortages. For instance, Xiamen Tungsten's APT quote was 279,500 CNY/ton, while Zhangyuan Tungsten's black tungsten concentrate was quoted at 192,500 CNY/ton [2][3]. Supply and Demand Dynamics - The report notes that the domestic tungsten price remains strong despite the normal output from the Bakuta tungsten mine in Kazakhstan, which has a capacity of nearly 10,000 tons of tungsten concentrate per year. The market has absorbed this supply increase without significant price drops [3]. Investment Recommendations - The report suggests that short-term price elasticity will be driven by restocking and export recovery, while long-term supply issues will support higher tungsten prices. Recommended stocks include Zhongtung High-tech and Anyuan Coal Industry, with related stocks being Xiamen Tungsten, Zhangyuan Tungsten, and Xianglu Tungsten [4].

格隆汇7月31日丨安源煤业(600397.SH)在投资者互动平台表示，公司煤矿不存在超采的情况。 ...

Group 1 - The total salary scale for CFOs in A-share listed companies in 2024 reached 4.27 billion yuan, with over 21% of CFOs earning more than 1 million yuan annually [1] - In the coal industry, the average salary for CFOs in 2024 is 1.38 million yuan, with an average per capita salary of 530,000 yuan [1] - The overall asset-liability ratio for the coal mining and washing sector in 2024 is 44.53%, a decrease of 0.25 percentage points year-on-year [2] Group 2 - In the coal industry, there are 4 CFOs earning below 200,000 yuan, 8 between 200,000 and 500,000 yuan, 10 between 500,000 and 800,000 yuan, 4 between 800,000 and 1.1 million yuan, and 1 above 1.1 million yuan [2] - The top 10 companies in terms of CFO salaries in the coal industry include Huaihe Energy, Shanxi Coking Coal, and Wuchan Zhongda, with Huaihe Energy's CFO earning 1.22 million yuan [2] - The CFO of Anyuan Coal Industry, Zhang Haifeng, has a salary of 570,000 yuan and has a background in accounting [2][3] Group 3 - The age distribution of CFOs in the coal industry is primarily between 49 and 58 years, with the oldest being Zhang Antai from Antai Group, aged 62, earning 146,500 yuan [3] - The educational background of CFOs in the coal industry is mainly bachelor's and master's degrees, with 15 holding bachelor's degrees, 8 holding master's degrees, and only 2 with associate degrees [3] - Daya Energy's CFO has a salary below the industry average and faced penalties for inaccurate financial disclosures [2]

登录新浪财经APP 搜索【信披】查看更多考评等级 专题：专题|2024年度A股董秘数据报告：1144位董秘年薪超百万 占比超21% 作为上市公司核心管理层关键成员，财务总监CFO的地位与作用至关重要。新浪财经《2024年度A股 CFO数据报告》显示，2024年A股上市公司财务总监CFO群体薪酬规模合计达42.70亿元，平均年薪为 81.48万元。 从煤炭行业看，2024年财务总监薪酬为1，382万元；从人均薪酬看，2024年煤炭行业财务总监人均薪酬 为53万元。 安源煤业财务总监为张海峰，年薪为57万，1982年9月出生，本科学历，高级会计师，中共党员。曾任 尚庄煤矿生产科科员，财务科科员，主办科员，副科长，丰城矿务局财务处科长，江西丰矿集团有限公 司财务部副部长，安源煤业集团股份有限公司财务证券部高级主管，主任会计师，副部长兼江西江能煤 矿管理有限公司财务总监，副部长（主持工作），部长，董事会秘书。现任安源煤业集团股份有限公司 党委委员，财务总监，丰城港华燃气有限公司董事长。 大有能源财务总监薪酬低于行业均值。值得注意的是，其因财务信息披露不准确领罚单。 2024年5月28日，大有能源披露《关于会计差错更正 ...