厦门钨业股份有限公司 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。 重要内容提示： 厦门钨业股份有限公司（以下简称"厦门钨业"或"公司"）拟向控股子 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"）协议转让公司 海沧分公司二次资源制造部相关业务资产组，转让价格为人民币 7,887.00 万元。 厦钨新能将设立全资子公司厦门厦钨新能源循环科技有限公司（暂定名，最终名 称以工商核准登记为准），用于承接并拓展前述二次资源业务。 本次交易不构成关联交易，亦不构成《上市公司重大资产重组管理办法》 规定的重大资产重组。 本次交易已经公司第十届董事会第十四次会议审议通过，根据《上海证 券交易所股票上市规则》及公司章程等相关规定，本次交易无需提交公司股东大 会审议。 相关风险提示：公司此次交易涉及的债务承接尚需债权人同意，最终能 否获得债权人同意尚存在不确定性。 一、交易概述 证券代码：600549 证券简称：厦门钨业 公告编号：临-2025-046 ...

证券代码：600549 证券简称：厦门钨业 公告编号：临-2025-047 厦门钨业股份有限公司 关于向控股子公司厦钨新能协议转让公司所持 赣州市豪鹏科技有限公司 47%股权的公告 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。 重要内容提示： 厦门钨业股份有限公司（以下简称"厦门钨业"或"公司"）拟向控股子 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"）协议转让公司 所持有的赣州市豪鹏科技有限公司（以下简称"赣州豪鹏"）47%股权，转让价 格为人民币 11,966.67 万元。 本次交易不构成关联交易，亦不构成《上市公司重大资产重组管理办法》 规定的重大资产重组。 本次交易已经公司第十届董事会第十四次会议审议通过，根据《上海证 券交易所股票上市规则》及公司章程等相关规定，本次交易无需提交公司股东大 会审议。 一、交易概述 （一）本次交易基本情况 为优化完善公司业务布局，提高经营管理效率，公司计划向控股子公司厦钨 新能协议转让公司所持赣州豪鹏 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 ...

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 2025 年 5 月 14 日以通讯方式召开，会前公司董秘办公室于 2025 年 5 月 8 日以 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： 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议转让海沧分公司 二次资源制造部相关业务资产组的公告》。 二、会议以 9 票同意，0 票反对，0 票弃权的表决结果通过了《关于控股子 公司厦钨新能拟设立全资子公司承接二次资源材料资产的议案》。会议同 ...

厦钨新能公告，公司计划以自有或自筹资金通过非公开协议受让方式购买厦门钨业（600549）持有的二 次资源制造部相关业务资产组。根据福建中兴资产评估房地产土地估价有限责任公司出具的《评估报 告》，经双方协商同意，本次交易价格为7887万元人民币。交易不构成《上市公司重大资产重组管理办 法》规定的重大资产重组，实施不存在重大法律障碍。交易已通过公司董事会审议通过，尚需提交股东 大会审议。 ...

Summary of Rare Earth Industry Research Conference Call Industry Overview - The report focuses on the rare earth industry chain, highlighting the geopolitical competition and supply chain dynamics between China, the US, and Europe [1][8] - Rare earth elements are critical in high-tech fields such as renewable energy, military, and electronics, with China controlling approximately 70% of global production and 90% of refining capacity [8][23] Key Points Global Supply Chain Dynamics - The US and Western countries are pushing for "de-China" strategies regarding rare earths, viewing it as a national security issue [8] - Policies are being implemented to explore domestic rare earth resources and establish refining capacities in countries like the US, Australia, and Canada [8][29] - The geopolitical tensions have highlighted the strategic value of rare earth resources in reshaping global power dynamics [8] China's Dominance in Rare Earths - China holds the largest rare earth reserves globally, with 44 million tons, accounting for about 48% of total global reserves [19][21] - In 2024, China's rare earth production is projected to reach 270,000 tons, representing 69% of global output [22][23] - The country has a complete rare earth industry chain, from mining to functional materials processing, maintaining a significant competitive advantage [23] Market Size and Growth - The rare earth industry in China had an estimated output value of approximately 900 billion yuan in 2018, with functional materials accounting for 56% of this value [41] - The revenue for China's rare earth refining and separation industry is expected to exceed 45 billion yuan in 2023 [42] - The market for rare earth functional materials has been growing rapidly, with a compound annual growth rate (CAGR) of 34.40% from 2017 to 2022 [43] Supply Chain Management and Regulations - China has implemented strict controls on rare earth mining and refining, with total production quotas set annually [30][35] - The establishment of the China Rare Earth Group in 2021 consolidated the industry, enhancing resource management and operational efficiency [32][33] Future Trends - The demand for rare earth materials is expected to grow significantly in high-tech applications, particularly in electric vehicles, wind power, and robotics [54][55] - The global market for rare earth permanent magnets is projected to continue expanding, with China maintaining a dominant position [51] Additional Insights - The integration of rare earth resources into national strategic reserves is becoming a priority for many countries, reflecting the increasing importance of these materials in global supply chains [8][29] - The ongoing geopolitical tensions and supply chain diversification efforts may lead to a restructuring of the global rare earth market, impacting pricing and availability [29][35]

Industry Overview and Outlook - Tungsten, tellurium, bismuth, molybdenum, and indium are classified as strategic minor metals and are widely used in industrial manufacturing, national defense, new materials, and semiconductor industries [2] - China holds over 50% of the global reserves for metals such as tungsten and indium, and its production accounts for more than 50% of tungsten, indium, gallium, rare earths, magnesium, and germanium [2] - According to USGS statistics, global tungsten resources reached 3.8 million tons in 2022, with China being the richest in tungsten reserves and production, holding 47.37% of the world's tungsten reserves and over 80% of its production [2] - Major tungsten resources in China are concentrated in Jiangxi, Hunan, and Inner Mongolia, with Jiangxi being the most significant, often referred to as the "Tungsten Capital of the World" [2] - The number of companies engaged in tungsten mining and processing in China is substantial, with leading firms including Xiamen Tungsten, Jiangxi Tungsten Holding Group, and China Tungsten High-tech [2] Supply and Demand Dynamics - The Ministry of Natural Resources announced a control indicator for tungsten mining in 2025, setting the total mining quota at 58,000 tons, a decrease of 6.45% from 2024 [3] - The main tungsten-producing region, Jiangxi, will see a reduction of 2,370 tons in its mining quota, exceeding a 10% decline [3] - Demand for tungsten remains stable due to the continuous growth of global manufacturing, particularly in high-end sectors such as aerospace, new energy vehicles, and electronic information [3] - Domestic tungsten concentrate prices have risen to 156,000 yuan per ton, nearing the historical high of 157,000 yuan per ton recorded in May of the previous year [3] - The overall supply growth of tungsten is expected to lag behind demand growth due to national mining quota controls, stricter environmental regulations, and natural declines in resource grades [3] Related Companies - China Tungsten High-tech serves as the operational management platform for the tungsten industry under China Minmetals, managing a complete tungsten industry chain from mining to processing and trading [5] - The company plans to complete the acquisition of Shizhu Garden Company by the end of 2024, which will significantly enhance its asset portfolio, as it holds over 30% of the national tungsten resource reserves [5] - Xiamen Tungsten focuses on tungsten, molybdenum, and rare earths, establishing a complete industry chain that includes mining, smelting, production of tungsten and molybdenum powders, and deep processing applications [5]

Core Viewpoint - The company is optimistic about the tungsten market's long-term prospects due to its strategic importance and the tight supply-demand balance in the industry [1][4]. Industry Overview - Tungsten is considered a strategic metal globally, with its consumption being less sensitive to price changes, indicating a "hard consumption" nature [1][4]. - The supply of tungsten is currently tight, particularly in the photovoltaic sector, where demand for tungsten wire is increasing [1][4]. - China is the world's leading tungsten producer and consumer, with an estimated tungsten ore production of approximately 67,000 metric tons in 2024, accounting for 82.7% of global output [1][4]. Supply and Demand Dynamics - The mining of tungsten in China operates under a quota system, limiting the potential for rapid increases in production capacity [1][4]. - Recent years have seen significant growth in the application of tungsten in photovoltaic sectors, contributing an additional 5%-8% to global tungsten demand [1][4]. - The sudden increase in demand has led to a short-term supply-demand imbalance, resulting in higher and stabilizing tungsten prices [1][4]. Molybdenum Insights - Molybdenum's primary application is in the stainless steel sector, and its production is often linked to copper mining [5][6]. - Rising copper prices have led mining companies to prioritize high-grade copper extraction, inadvertently increasing the supply of associated molybdenum, which has contributed to a slight decline in molybdenum prices over the past two years [5][6]. - The core value of molybdenum lies in its deep processing, which enhances product value [6].

Group 1 - The core viewpoint indicates that the rare earth industry is experiencing positive momentum, with the China Rare Earth Industry Index rising by 0.89% and the Rare Earth ETF Fund showing a significant increase of 5.94% over the past two weeks, leading among comparable funds [1][4] - The Rare Earth ETF Fund has seen a notable increase in trading volume, with a turnover rate of 1.69% and a total transaction value of 30.82 million yuan, ranking first among comparable funds in terms of average daily trading volume over the past year [4] - The fund's scale has grown significantly, with an increase of 63.04 million yuan in the past week, also ranking first among comparable funds, and a growth of 42 million shares in the same period [4] Group 2 - In terms of exports, China exported 58,100 tons of rare earth permanent magnet materials in 2024, with the export volume accounting for approximately 24% of the total production of neodymium-iron-boron [5] - The export control on medium and heavy rare earths is expected to tighten supply overseas, potentially driving up prices both internationally and domestically [5] - The top ten weighted stocks in the China Rare Earth Industry Index account for 57.42% of the index, indicating a concentrated investment landscape [5]

Core Viewpoint - The company has experienced rapid growth over the past five years primarily driven by energy new materials, and it anticipates that tungsten and rare earth deep processing and applications will be the main growth drivers in the next five years [1][3]. Group 1: Business Strategy and Focus Areas - The company will focus on the application of magnetic materials in new scenarios such as rare earth permanent magnet motors, industrial robots, and humanoid robots, with related products currently under development [4]. - The company plans to transition from a traditional sales model of hard alloy cutting tools to providing comprehensive solutions and services, potentially through mergers and acquisitions to accelerate business growth [4]. - The company aims to enhance its resource assurance rate from the current 20% to 70% in the future [5]. Group 2: Technological Development and Market Position - In the energy new materials sector, the company will focus on solid-state battery technology and hydrogen energy technologies, having already developed lithium sulfide technology [5]. - The company recognizes the importance of recycling in all its industries, as they involve rare strategic metals [5]. - The company has strategically positioned itself to minimize impacts from current international trade challenges, with an export revenue of approximately 5.4 billion yuan, accounting for 16% of its main business income [5]. Group 3: International Expansion and Investment - The company has invested in an 800-ton hard alloy bar project in Thailand, aimed at the U.S. and ASEAN markets, with a total investment of about 190 million yuan and an average return on investment exceeding 20% [5]. - The company is currently advancing the construction of a second phase project in Thailand, having acquired 130 acres of land to expand hard alloy production and develop tungsten powder, tungsten carbide, CNC blades, and complete tool businesses [6].

厦门钨业股份有限公司 关于开立募集资金理财产品专用结算账户的公告 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 2024 年 12 月 30 日召开第十届董事会第九次会议和第十届监事会第七次会议，审议通过了 《关于公司及权属公司使用部分闲置募集资金进行现金管理的议案》，同意公司 及权属公司使用额度不超过人民币 22 亿元的闲置募集资金进行现金管理，用于 购买安全性高、流动性好、产品合同有保本约定、单项产品期限最长不超过 12 个月的各种存款、理财产品或中国证监会认可的其他投资品种等，本次现金管理 决议的有效期限自公司董事会审议通过之日起的 12 个月内有效，在上述额度和 期限范围内，资金可以滚动使用。具体内容详见公司于 2024 年 12 月 31 日在上 海证券交易所网站（www.sse.com.cn）上披露的《关于公司及权属公司使用部分 闲置募集资金进行现金管理的公告》（公告编号：临-2024-110）。 一、开立募集资金理财产品专用结算账户情况 因募集资金现金管 ...