Core Viewpoint - The article highlights the significant increase in cash dividends among listed companies in Xiamen, with a notable focus on shareholder returns amidst changing market conditions and regulatory frameworks [1][3][5]. Group 1: Dividend Trends - Over 67.48% of A-share listed companies plan to distribute cash dividends, with a total expected payout of approximately 1.65 trillion yuan, while Xiamen's listed companies show a higher participation rate of 74.6% [5][7]. - The total dividend amount for Xiamen companies is projected to be 10.881 billion yuan, with eight companies contributing over 300 million yuan each, accounting for about 50% of the total dividends [7][12]. - Yilian Network leads with a proposed dividend of 1.643 billion yuan, representing 15% of Xiamen's total dividends, and has a remarkable dividend payout ratio of 90.59% for 2024 [7][11]. Group 2: Shareholder Returns - 34 listed companies in Xiamen have a dividend yield exceeding the one-year deposit rate of 1.5%, with Jianfa Co. having the highest yield at 6.65% [10]. - Despite some companies facing profit declines, they still prioritize shareholder returns, with commitments to distribute at least 30% of distributable profits [8][10]. - The trend of increasing dividends reflects a strong commitment to shareholder value, with many companies maintaining high dividend payout ratios over the past five years [11][12]. Group 3: Historical Performance - Jianfa Co. has demonstrated impressive dividend performance, with cumulative cash dividends reaching 9.806 billion yuan over the past five years, averaging nearly 2 billion yuan annually [11]. - Other notable companies include Xiamen Guomao and Xiamen Xiangyu, with cumulative dividends of 5.26 billion yuan and over 5.1 billion yuan, respectively, showcasing a consistent commitment to returning profits to shareholders [11][12]. - The overall positive dividend performance among Xiamen listed companies indicates strong profitability and financial health, enhancing their appeal to investors [12].

Core Insights - China possesses abundant rare earth resources, characterized by a distribution of "light in the north and heavy in the south" [1][3] - The Baiyun Obo mine in Inner Mongolia is the largest rare earth resource area in the world, with a total rare earth reserve of 1 million tons, accounting for 83% of China's rare earth resources [11][5] - The production and extraction of rare earth elements in China are concentrated in specific regions, with significant environmental considerations due to the presence of radioactive elements in light rare earth mining [1][12] Distribution of Rare Earth Resources - Light rare earths are primarily found in Inner Mongolia, particularly in Baotou, which is known as the "world capital of rare earths" [3][4] - The total control plan for rare earth products in Baotou for 2023 is set at 179,000 tons for mining products and 163,000 tons for smelting and separation products, representing 70% and 67% of the national total, respectively [3] - Ion-type heavy rare earths are mainly distributed in southern regions such as Jiangxi, Guangdong, and Fujian, with Jiangxi having the largest share of ion-type rare earth resources [7][3] Baiyun Obo Mine Development - The Baiyun Obo mine is located in Inner Mongolia and is managed by Baotou Steel Group, which is the leading enterprise in rare earth production [12][11] - The mine has a proven rare earth oxide reserve of approximately 35 million tons, which is 83% of China's total and 38% of the world's total [12] - The mine also contains significant reserves of iron ore (1.4 billion tons) and fluorite (130 million tons), making it a multi-metal resource area [12]

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 近期，厦钨新能发布公告称，拟以 1.2 亿元收购控股股东厦门钨业旗下赣州市豪鹏科技有限公司 47% 股权，交易溢价率高达 80.36%。同时，公司还拟出资7887万元，收购厦门钨业海沧分公司二次资源制 造部相关业务资产组，合计斥资近2亿元。 此次关联交易在厦钨新能业绩连续两年下滑、盈利能力显著低于行业水平、累计融资超 50 亿元补充流 动资金及还贷的背景下推进，引发市场对其战略合理性及潜在风险的关注。 厦钨新能作为锂电池正极材料领域的重要参与者，近年来面临严峻的市场挑战。 2023 年公司营收 173.11 亿元，同比下滑 39.79%；归属净利润 5.27 亿元，同比大幅减少 52.93%。2024 年业绩进一步恶化，全年营收降至 132.97 亿元，同比下降 23.19%；净利润 4.94 亿元，同比下降 6.33%，较 2022 年的 11.21 亿元峰值缩水超 50%。 尽管 2025 年第一季度，厦钨新能净利润同比微增 4.84% 至 1.17 亿元，但营收仍同比下滑 9.77% 至 29.77 亿元，显示行业需求疲软态势未根 ...

厦门钨业股份有限公司 股票代码：600549 股票简称：厦门钨业 公告编号：临-2025-048 | | | | | | 产品 | 产品 | | | | 赎回情况 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 受托方 名称 | 产品名称 | | 金额（万 元） | 收益 类型 | 起息 | 到期 | 预期年化 收益率 | 实际赎 | | 赎回金 额（万 | 实际收益 | | | | | | | 日 | 日 | | 回日 | | 元） | （万元） | | 中国工 | 挂钩汇率区间累 计型法人人民币 | | | 保本 | 2025 | 2025 | | 2025 | 年 | | | | 商银行 | 结构性存款产品 | | | 浮动 | 年 2 | 年 5 | 1.05%-1.9% | 5 月 | 14 | 9,000 | 28.691901 | | 股份有 | | | 9,000.00 | | | | | | | | | | 限公司 | -专户型 2025 | 年 | | 收益 | 月 11 | 月 ...

Core Viewpoint - The demand for small metals in China is increasing due to energy transition and emerging industries, highlighting their critical resource status in manufacturing and supply chain enhancement [2] Group 1: Industry Demand and Performance - The consumption of tungsten in China is projected to reach 70,800 tons in 2024, a year-on-year increase of 3.52%, with raw tungsten consumption at 59,800 tons, up 4.19% [3] - Xiamen Tungsten's revenue from tungsten and molybdenum businesses is expected to reach 17.414 billion yuan in 2024, a growth of 5.78%, with a profit of 2.525 billion yuan, increasing by 7.55% [3] - The chairman of Xiamen Tungsten indicated that the tungsten industry is closely linked to global industrial structure, with downstream consumption being insensitive to price changes [3] Group 2: Company Innovations and Strategies - Xiamen Tungsten has expanded its applications in the photovoltaic sector, contributing an additional 5% to 8% to global tungsten demand through tungsten wire used for cutting silicon wafers [3] - The company reported a significant increase in fine tungsten wire sales, reaching 1,354 billion meters, with photovoltaic tungsten wire sales at 1,070 billion meters, a year-on-year increase of 56% [4] - Xiamen Tungsten aims to transition from selling products to providing comprehensive solutions, with plans to increase its tungsten resource assurance rate from 20% to 70% [4] Group 3: Global Expansion and Future Outlook - Xiamen Tungsten has initiated overseas operations, including a production base in Thailand, with an investment of approximately 190 million yuan for an annual production capacity of 800 tons of hard alloys [5] - The company is also developing a battery cathode materials base in France, focusing on solid-state battery materials to enhance performance and reduce costs [5] - Analysts predict that the demand for small metals will continue to grow due to the global manufacturing industry's shift towards high-end and intelligent production, driven by energy transition and clean energy strategies [6]

证券代码：688778 证券简称：厦钨新能 公告编号：2025-030 厦门厦钨新能源材料股份有限公司 关于收购厦门钨业股份有限公司所持赣州市豪鹏科 技有限公司 47%股权暨关联交易的公告 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个别及连带责任。 重要内容提示： ? 厦门厦钨新能源材料股份有限公司（以下简称"厦钨新能"或"公司"） 计划以自有或自筹资金收购厦门钨业股份有限公司（以下简称"厦门钨业"）所 持赣州市豪鹏科技有限公司（以下简称"赣州豪鹏"）47%股权。根据联合中和 土地房地产资产评估有限公司（以下简称"联合中和"）出具的并经福建省冶金 （控股）有限责任公司（以下简称"福建冶金"）备案确认的《厦门钨业股份有 限公司拟股权转让所涉及的赣州市豪鹏科技有限公司 47%股权价值资产评估报 （联合中和评报字（2024）第 5012 号） 告》 （以下简称"《评估报告》"），以 2024 年 6 月 30 日为评估基准日，赣州豪鹏 100%股权账面价值 14,116.53 万元，评估 值为 25,461.00 万元，增值 11,344 ...

厦门钨业股份有限公司 专 项 审 计 报 告 华兴专字202424009810012 号 华兴会计师事务所（特殊普通合伙） 专 项 审 计 报 告 华兴专字202424009810012 号 厦门钨业股份有限公司： 一、审计意见 我们接受委托，审计了后附的厦门钨业股份有限公司按照模拟财务报表 附注三所述的编制基础和方法编制的二次资源材料相关业务模拟财务报表 （以下简称"模拟财务报表" ），包括 2024 年 6 月 30 日模拟资产负债表、模 拟利润表、模拟现金流量表及模拟财务报表附注。 我们认为，后附的模拟资产负债表在所有重大方面按照模拟财务报表附 注三所述的编制基础和方法编制，公允反映了厦门钨业股份有限公司二次资 源材料相关业务 2024 年 6 月 30 日的模拟财务状况。 二、形成审计意见的基础 我们按照中国注册会计师审计准则的规定执行了审计工作。审计报告的 "注册会计师对模拟财务报表审计的责任"部分进一步阐述了我们在这些准 则下的责任。按照中国注册会计师职业道德守则，我们独立于厦门钨业股份 有限公司，并履行了职业道德方面的其他责任。我们相信，我们获取的审计 证据是充分、适当的，为发表审计意见提供了基 ...

| 赣州市豪鹏科技有限公司 | | | | | 2024 | 年度 1-6 | | --- | --- | --- | --- | --- | --- | --- | | 月财务报表附注 | | | | | | | | | | | 本期发生额 | | | 上年发 | | 生额 | | | | | | | | _210347 | 项 | 目_210347 | | | | | | | | | 收入 | 成本 | 收 | | | 入 | 成本 | | | | | | | 交通运输业 | | | | | | | | 销售业务 | | | 95,910,801.55 | 84,535,179.28 | 227,626,967.66 | | | 205,747,278.98 | | | | | | | | 利息收入 | | | 165,895.26 | | 396,065.77 | | | 让售材料 | | | 14,101,599.70 | 13,832,991.63 | 15,687,772.92 | | | 13,385,413.40 | | | | | | | | 其他 | | | 290,078.19 | 68 ...

股票代码：600549 股票简称：厦门钨业 公告编号：临-2025-045 厦门钨业股份有限公司 第十届董事会第十四次会议决议公告 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"）第十届董事会第十四次会议于 电子邮件及专人送达的方式通知了全体董事。会议由董事长黄长庚先生主持，应 到董事 9 人，实到董事 9 人。公司监事、高级管理人员列席了本次会议。会议的 召开符合《中华人民共和国公司法》和《公司章程》的规定。会议审议通过了如 下议案： 厦门钨业股份有限公司 董 事 会 一、会议以 9 票同意，0 票反对，0 票弃权的表决结果通过了《关于向控股 子公司厦钨新能协议转让海沧分公司二次资源制造部相关业务资产组的议案》。 为优化公司的资源配置和产业布局，提高经营管理效率，会议同意公司向控股子 公司厦门厦钨新能源材料股份有限公司（以下简称"厦钨新能"）协议转让海沧分 公司二次资源制造部相关业务资产组，转让价格为 7,887.00 万元。 详见公告：临-2025-046《关于向控股子公司厦钨新能协 ...

Group 1 - The independent directors' special meeting of Xiamen Xatong New Energy Materials Co., Ltd. was held on May 14, 2025, via communication, with all three independent directors present [1] - The meeting's resolutions were deemed legal and effective, complying with relevant laws and regulations [1] - The first resolution approved was the acquisition of the relevant business asset group from Xiamen Tungsten Co., Ltd.'s Haicang branch, with a unanimous vote of 3 in favor [1] Group 2 - The second resolution approved was the acquisition of a 47% stake in Ganzhou Haopeng Technology Co., Ltd. from Xiamen Tungsten Co., Ltd., also with a unanimous vote of 3 in favor [2] - Independent directors believe these transactions will help implement the company's strategic planning, improve the industrial chain layout, and enhance overall competitiveness and sustainability [2] - Both transactions were confirmed not to harm the interests of the company or other shareholders, particularly minority shareholders [2]