股票代码：600549 股票简称：厦门钨业 公告编号：临-2025-114 厦门钨业股份有限公司 关于参股基金合伙期限延长的公告 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。 厦门钨业股份有限公司（以下简称"公司"或"厦门钨业"）于 2017 年 9 月 29 日召开的第七届董事会第二十一次会议审议通过了《关于参与投资设立福 建巨虹稀有金属投资合伙企业（有限合伙）暨收购相关矿山企业部分股权的议案》。 董事会同意公司出资 3 亿元参与投资设立福建巨虹稀有金属投资合伙企业（有限 合伙）（以下简称"福建巨虹"或"基金"），福建巨虹总认缴出资额为人民币 10.5 亿元。具体内容详见公司于 2017 年 9 月 30 日披露的《关于参与投资设立 福建巨虹稀有金属投资合伙企业（有限合伙）暨收购相关矿山企业部分股权的关 联交易公告》（公告编号：临-2017-042）。 2024 年 6 月，福建巨虹合伙人发生变更。变更后，福建省冶控私募基金管 理有限公司（曾用名：福建冶控股权投资管理有限公司）为普通合伙人，认缴出 资额占出资总额的 0.0 ...

近两个月中国净出口为负，而过去是净出口，钨供需发生较大变化。国内外钨供应紧张，短期内难以缓 解，长单价格上调。 钨的库存低，钨资源处在较高位置上符合产业政策，再加上钨的战略地位提高，短期内钨价格易涨难 跌。长单价格公布后，钨市场价格继续上涨，65%黑钨精矿价格在35.8万元/吨，APT价格在53万元/吨 左右。 以下是国内主要钨企业12月上半月长单价格： 江西钨业控股集团有限公司：国标一级黑钨精矿2025年12月上半月报价35万元/标吨，较上期报价涨2.5 万元/吨。 章源钨业：12月上半月钨长单含税价公布，其中黑钨精矿(WO3≥55%)价格为35万元/标吨，白钨精矿 (WO3≥55%)价格为34.9万元/标吨，分别较上期报价上调2.2万元/吨；仲钨酸铵（APT）长单价格51万元/ 吨，较上期报价涨3.2万元/吨。 厦门钨业：厦门钨业12月上半月APT报价公布，APT含税长单现款采购价格50万元/吨，较上期报价涨3 万元/吨。 赣州钨协：2025年12月钨产品预测均价发布，55%黑钨精矿35万元/标吨，较上期报价上调4.1万元/吨； APT51万元/吨，上调5.7万元/吨；中颗粒钨粉880元/公斤，上调150 ...

2025 年第三次临时股东会会议资料 厦门钨业股份有限公司 2025 年第三次临时股东会 会议资料 董秘办编制 2025 年 12 月 2025 年第三次临时股东会会议资料 目 录 | 关于召开 2025 年第三次临时股东会的通知 1 | | --- | | 议案一：关于向厦钨电机工业有限公司非同比例增资被动形成对外担保的议案9 | | 议案二：关于调整关联方及 年度日常关联交易预计的议案 14 2025 | | 议案三：关于公司经营范围调整暨修订《公司章程》的议案 21 | | 议案四：关于选举第十届董事会非独立董事的议案 23 | 2025 年第三次临时股东会会议资料 厦门钨业股份有限公司 关于召开 2025 年第三次临时股东会的通知 一、 召开会议的基本情况 (一) 股东会类型和届次 2025年第三次临时股东会 (二) 股东会召集人：董事会 (三) 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相 结合的方式 网络投票起止时间：自2025 年 12 月 15 日 至2025 年 12 月 15 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 东会召开当日的交易时间段，即 ...

Market Overview - Major stock indices in the A-share market experienced a collective rise, with the Shanghai Composite Index up by 0.08%, the Shenzhen Component Index up by 0.39%, and the ChiNext Index up by 0.47% [1] Sector Performance - The optical module sector continued to show strength, with the concept index rising by 4.41%. Other sectors such as superconductors, fiberglass, and charging piles also saw significant gains [2] New Stock Performance - The stock N-Mole-U debuted on the STAR Market, opening with a surge of 468% and reaching a peak increase of 502.03%, trading at 688 CNY per share. By midday, it closed with a gain of 416.79% at 590.59 CNY per share. Investors holding one lot (500 shares) could potentially earn over 286,860 CNY [3] Market Reaction to New Listings - Following the listing of N-Mole-U, related A-share stocks experienced a collective pullback. For instance, Heertai saw a drop of 9.32%, while Yingqu Technology and others also faced declines of over 3% [4] Tungsten Market Dynamics - Tungsten product prices have surged significantly, with black tungsten concentrate prices reaching 353,000 CNY per ton, reflecting a 146.85% increase since the beginning of the year. APT and tungsten powder prices also saw substantial increases of 145.5% and 161.08%, respectively [6][9] Supply and Demand Factors - The price increase in tungsten products is attributed to supply constraints and rising demand. China, being a major producer and consumer, is projected to produce approximately 67,000 metric tons of tungsten in 2024, accounting for 82.7% of global output. The government has also implemented mining quotas, reducing the total output for 2025 by 6.45% compared to 2024 [9] Emerging Applications and Industry Outlook - Companies in the tungsten sector are actively exploring new applications in emerging industries. For instance, Zhongtung High-tech has developed high-quality nano-grade tungsten carbide powder for PCB micro-drills, while Xiamen Tungsten is expanding its tungsten wire applications in the photovoltaic sector [11][12] Company Performance - Tungsten-related stocks have shown positive earnings trends, with companies like Xianglu Tungsten and Guangsheng Nonferrous Metals turning profitable. Other companies reported significant year-on-year profit growth, with Luoyang Molybdenum and Hunan Gold seeing increases of 72.61% and 54.28%, respectively [12]

Core Viewpoint - The prices of tungsten products have surged significantly in 2023, with black tungsten concentrate prices increasing over 140% year-to-date, driven by supply constraints and rising demand in high-end manufacturing and emerging industries [1][3]. Price Trends - As of December 5, black tungsten concentrate (≥65%) is priced at 353,000 CNY/ton, up 3.8% week-on-week; APT (ammonium paratungstate: ≥88.5%) is at 518,000 CNY/ton, up 4.7%; tungsten powder is at 825 CNY/kg, up 3.8% [1]. - Compared to the beginning of the year, black tungsten concentrate has increased by 146.85% from 143,000 CNY/ton, APT by 145.5%, and tungsten powder by 161.08% [1][3]. Supply and Demand Dynamics - China is the world's leading tungsten producer and consumer, with an estimated production of 67,000 metric tons in 2024, accounting for 82.7% of global output [3]. - The Ministry of Natural Resources and the Ministry of Industry and Information Technology have set a total mining control target of 58,000 tons for tungsten concentrate (65% WO3) in 2025, a decrease of 4,000 tons (6.45%) from 2024 [3]. - The demand for tungsten is driven by its unique physical properties, making it essential in high-end manufacturing and emerging industries such as photovoltaics, military, and semiconductors [3]. Future Outlook - According to Zhejiang Securities, the recovery of China's manufacturing sector is expected to accelerate post-global interest rate cuts, which will boost tungsten consumption [4]. - New applications in AI, controlled nuclear fusion, and new infrastructure are anticipated to increase marginal demand for tungsten-based new materials [4]. Company Developments - Seven A-share companies involved in tungsten production have seen collective stock price increases, averaging 2.02%, with notable gains from Zhongtung High-tech, Xianglu Tungsten, and Luoyang Molybdenum [5]. - Companies are actively expanding tungsten applications in emerging industries, with Zhongtung High-tech successfully producing high-quality nano-grade tungsten carbide powder for PCB micro-drills [5]. - Xiamen Tungsten is focusing on expanding its tungsten wire applications in photovoltaics, achieving significant results with mainstream product lines reaching below 28μ in diameter [5]. - Zhangyuan Tungsten is committed to high-value hard alloy markets, focusing on aerospace and new energy sectors, and developing core business areas including cutting tools and high-end ceramic materials [6]. Financial Performance - In the first three quarters, tungsten-related companies reported improved profitability, with Xianglu Tungsten and Guangsheng Nonferrous turning profitable, while others like Luoyang Molybdenum, Hunan Gold, and Zhangyuan Tungsten saw significant year-on-year profit growth of 72.61%, 54.28%, and 29.71% respectively [6].

Core Points - The company has completed the sale of a total of 2,031,600 shares from its second and third employee stock ownership plans [1][6] - The second employee stock ownership plan involved the purchase of 1,489,300 shares at an average price of approximately 20.77 yuan per share, with a total transaction amount of 30.94 million yuan [2] - The third employee stock ownership plan involved the purchase of 542,300 shares at an average price of approximately 17.52 yuan per share, with a total transaction amount of 9.49 million yuan [4] Summary of Employee Stock Ownership Plans Second Employee Stock Ownership Plan - The plan was approved on July 14, 2022, with a total of 1,489,300 shares purchased, representing 0.105% of the total share capital at that time [2] - The original duration of the plan was 24 months, set to expire on July 13, 2024, but it was extended to 48 months, now expiring on July 13, 2026 [3][5] Third Employee Stock Ownership Plan - The plan was approved on August 17, 2023, with a total of 542,300 shares purchased, representing 0.0382% of the total share capital at that time [4] - The original duration of the plan was also 24 months, set to expire on August 16, 2025, but it was extended to 48 months, now expiring on August 16, 2027 [6] Sale and Future Arrangements - The total shares sold from both plans accounted for 0.12797% of the company's total share capital, and all assets held have been converted to cash [6] - The company will proceed with asset liquidation and distribution as per the regulations of the employee stock ownership plans [6]

股票代码：600549 股票简称：厦门钨业 公告编号：临-2025-113 厦门钨业股份有限公司 关于公司第二、三期员工持股计划实施进展的公告 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。 厦门钨业股份有限公司（以下简称"公司"） 第二、三期员工持股计划所持有的公司股票合计2,031,600 股（其中第二期1,489,300股、第三期542,300股）已全部出售完毕。根据《关于上市公司实施员工持股 计划试点的指导意见》《上海证券交易所上市公司自律监管指引第1号一一规范运作》等有关规定，现 将相关情况公告如下： 一、公司第二、三期员工持股计划基本情况 （一）第二期员工持股计划基本情况 公司分别于2022年6月28日、2022年7月14日召开公司第九届董事会第十五次会议和2022年第四次临时股 东大会，审议通过《第二期员工持股计划（草案）及其摘要》等议案，具体内容详见公司分别于2022年 6月29日、2022年7月15日刊载在《中国证券报》、《上海证券报》及上海证券交易所网站的公告。 二、公司第二、三期员工持股计划股票出售情况及 ...

股票代码：600549 股票简称：厦门钨业 公告编号：临-2025-113 厦门钨业股份有限公司 关于公司第二、三期员工持股计划实施进展的公告 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。 厦门钨业股份有限公司（以下简称"公司"） 第二、三期员工持股计划所 持有的公司股票合计 2,031,600 股（其中第二期 1,489,300 股、第三期 542,300 股）已全部出售完毕。根据《关于上市公司实施员工持股计划试点的指导意见》 《上海证券交易所上市公司自律监管指引第 1 号——规范运作》等有关规定，现 将相关情况公告如下： 一、 公司第二、三期员工持股计划基本情况 （一）第二期员工持股计划基本情况 公司分别于 2022 年 6 月 28 日、2022 年 7 月 14 日召开公司第九届董事会第 十五次会议和 2022 年第四次临时股东大会，审议通过《第二期员工持股计划（草 案）及其摘要》等议案，具体内容详见公司分别于 2022 年 6 月 29 日、2022 年 7 月 15 日刊载在《中国证券报》、《上海证券报》及上海证 ...

Core Viewpoint - Xiamen Tungsten Co., Ltd. has approved an investment of 942.44 million yuan for the acquisition of land and construction of the second phase of the motor industrial park, which is expected to be completed by September 2029, aligning with the company's strategic development direction [1]. Group 1 - The board meeting was held on December 2, 2025, with all 8 directors present, confirming compliance with the Company Law and Articles of Association [1]. - The investment project aims to create synergy with the existing first phase of the motor industrial park, facilitating the development of the rare earth permanent magnet motor sector and attracting upstream and downstream enterprises [1]. - The project is expected to enhance the overall industrial cluster and promote further industry development [1].

Group 1 - The construction of a financial powerhouse is essential for achieving a modern socialist strong nation, as finance is a crucial component of national economic strength and competitiveness [3] - The relationship between building a financial powerhouse and achieving socialist modernization is one of local serving the overall goal, emphasizing that a strong financial system is necessary for the modernization process [3] Group 2 - Multiple stocks have been flagged for trading risks due to significant short-term price increases, indicating potential irrational speculation [4][26] - External institutions like Morgan Stanley and UBS are optimistic about the A-share market, predicting an earnings growth rate of 8% for 2026, driven by improved nominal GDP growth and policy support [5][6] - The A-share market is expected to see further valuation increases due to macro policies, accelerated earnings growth, and sustained inflows of long-term capital [6] Group 3 - IBM's CEO expressed skepticism about the current data center construction trend, stating that the high costs make it unlikely for tech giants to achieve returns on such investments [14] - The company estimates that building a 1 GW data center requires an investment of approximately $80 billion [14] Group 4 - The stock of Chen'an Technology will resume trading after a change in its controlling shareholder to a state-owned entity, which is expected to enhance collaboration and support [15] - The stock of *ST Zhengping will resume trading after a significant price increase, which raised concerns about trading risks [16] Group 5 - The Ningbo Port expects a 10.8% year-on-year increase in container throughput for November 2025, indicating growth in shipping activities [30] - Yutong Bus reported a production increase of 11.21% and sales increase of 8.62% in November 2025, reflecting positive trends in the bus manufacturing sector [31]