股票代码：600549 股票简称：厦门钨业 公告编号：临-2025-053 厦门钨业股份有限公司 关于使用闲置募集资金进行现金管理部分到期赎回 的公告 公司于 2025 年 5 月 16 日购买了兴业银行股份有限公司发行的"7 天通知存 款"、"人民币结构性存款产品"，截至本公告日，公司已赎回上述产品，获得 本金及收益合计人民币 38,058,909.89 元，具体情况如下： | | | | | 产品 | 产品 | | | 赎回情况 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 受托方 | 产品名称 | 金额（万 | 收益 | 起息 | 到期 | 预期年化 | 实际 | 赎回金 | 实际收益 | | 名称 | | 元） | 类型 | 日 | 日 | 收益率 | 赎回 | 额（万 | （万元） | | | | | | | | | 日 | 元） | | | 兴业银 行股份 | | | 保本 | 2025 | 2025 | | 2025 | | | | 有限公 | 7 天通知存款 | 800.00 | 固定 | 年 5 | 年 ...

证券代码：600549 证券简称：厦门钨业 公告编号：临-2025-052 厦门钨业股份有限公司 厦门钨业股份有限公司（以下简称"公司"）于2024年8月2日召开第十届董 事会第四次会议审议通过了《关于控股子公司金龙稀土设立全资子公司建设 5,000吨(首期)高性能钕铁硼磁性材料项目的议案》，同意公司控股子公司福建省 金龙稀土股份有限公司设立全资子公司金龙稀土新材料（包头）有限公司（以 下简称"包头金龙"），由包头金龙在内蒙古自治区包头稀土高新区建设 5,000 吨(首期)高性能钕铁硼磁性材料项目，产品主要应用于现代高端风力发电、3C 产品、节能电机、节能家电、新能源汽车等领域。项目预计投资总额 46,222万元。 本项目是公司进一步夯实高端磁材核心竞争力及拓展市场的重要举措。 二、项目进展情况 截至目前，包头金龙投资建设的"5,000吨(首期)高性能钕铁硼磁性材料项目"已 完成厂房建设、机器设备安装调试、产线试运营等各项准备工作，并于近期投产。该 项目使用的新一代智能化生产线可进一步提升设备效率及人工效率，项目全面达产后， 公司磁性材料业务的毛坯产能将增加至20,000吨。 三、风险提示 项目从试生产到全面 ...

Core Viewpoint - The rare earth industry is experiencing fluctuations, with the China Rare Earth Industry Index down by 1.59% as of June 19, 2025, while specific stocks show mixed performance, indicating a volatile market environment [1][3]. Industry Summary - The rare earth sector is crucial for various industries, including electric vehicles and wind power, with China producing nearly 70% of the world's rare earth materials as of 2024, highlighting its significant role in the global supply chain [5][6]. - The overall attention on the rare earth sector is expected to increase due to its pricing power and extensive downstream applications, alongside policy catalysts that may lead to a revaluation of the sector [6]. Company Summary - The rare earth ETF managed by Harvest (516150) has shown a trading volume of 2.75% and a transaction value of 67.89 million yuan, ranking first among comparable funds in terms of average daily trading volume over the past week [3]. - The Harvest rare earth ETF has seen a net inflow of 9.1964 million yuan recently, with a total of 26.9 million yuan in net inflows over the past five trading days, indicating strong investor interest [3]. - As of June 18, 2025, the Harvest rare earth ETF's net asset value has increased by 30.55% over the past year, placing it in the top 13.16% among equity index funds [3].

Group 1: Liquidity and Performance of Rare Earth ETF - The liquidity of the Rare Earth ETF managed by Jiashi has a turnover rate of 2.9% with a transaction volume of 71.903 million yuan [2] - Over the past week, the average daily transaction volume of the Rare Earth ETF reached 174 million yuan, ranking first among comparable funds [2] - The fund's scale increased by 244 million yuan in the past week, also ranking first among comparable funds [2] - The number of shares increased by 22.2 million in the past week, achieving significant growth and ranking first among comparable funds [2] - In the last five trading days, there were net inflows on four days, totaling 338 million yuan [2] - As of June 17, the net value of the Rare Earth ETF has risen by 34.53% over the past year, ranking 284 out of 2854 in the index stock fund category, placing it in the top 9.95% [2] - The highest monthly return since inception was 41.25%, with the longest consecutive monthly increase being four months and the longest increase percentage being 83.89% [2] Group 2: Key Holdings and Market Dynamics - As of May 30, 2025, the top ten weighted stocks in the China Rare Earth Industry Index accounted for 57.28% of the index, including Northern Rare Earth, China Rare Earth, and others [2] - Recent reports indicate a phased relaxation of rare earth export controls, allowing some rare earth magnetic material companies to obtain export licenses, although controls are not fully lifted [4] - The demand for rare earth materials is expected to remain strong due to sectors like new energy vehicles, home appliances, and wind power, with potential upward pressure from humanoid robots [5] - The market anticipates a reversal in supply and demand dynamics, with rare earths expected to benefit from both profit and valuation increases due to tariff policies exceeding market expectations [5]

Core Viewpoint - Xiamen Tungsten has transformed from an alumina manufacturer to a leading enterprise in tungsten, molybdenum, rare earth, and energy new materials over its 60-year history, focusing on three core businesses [1]. Group 1: Tungsten and Molybdenum - The company aims to strengthen its competitive products and catch up with the international first tier in the tungsten industry [2]. - Xiamen Tungsten has established a complete industrial chain from tungsten mining to deep processing, controlling approximately 15% of the national tungsten production with an annual output of about 8,000 metal tons [3][4]. - The company has achieved international advanced levels in hard alloy production, with over 30% of the national export volume in hard alloys [4]. - The company is focusing on enhancing its product variety and coating technology to close the gap with international leaders [5]. - The current tungsten resource guarantee rate is 20%, with a goal to increase it to 70% in the future [6]. Group 2: Rare Earth - The rare earth business is expected to be a major highlight for the company in 2024, with a 46.36% year-on-year increase in revenue and a 65.10% increase in profit in the first quarter of 2025 [7]. - The company has established a collaborative system covering the entire rare earth industry chain, with a focus on deep processing [7]. - Rare earth permanent magnet motors are projected to save 20% to 30% more energy compared to traditional asynchronous motors, representing a future development direction [8]. - The company has invested in building a rare earth permanent magnet motor industrial cluster in Xiamen, with industrial control motors as a key product [9]. Group 3: Energy New Materials - Xiamen Tungsten's energy new materials segment has made significant advancements in lithium battery materials, achieving a 33.52% year-on-year increase in cobalt acid lithium sales in 2024 [11][12]. - The company is actively developing solid-state battery materials, with a new layered structure that outperforms traditional materials in energy density and performance [13][14]. - The company plans to accelerate the production of new materials, including ultra-high nickel ternary materials and solid-state battery key materials, to maintain its competitive edge [12][14].

Core Viewpoint - The quality of talent is crucial for the company's level and competitiveness in the market [1][3] Group 1: Talent Management - The company emphasizes a market-oriented approach to talent management, integrating state-owned enterprise systems with private enterprise mechanisms [2][3] - Key criteria for selecting talent include values, learning ability, and logical skills, with a structured evaluation system in place [3][4] - Technical personnel are rated based on their research achievements, with a two-year validity for each achievement [3][4] - To qualify as a top-tier core talent, proficiency in foreign languages is mandatory, reflecting the company's global service orientation [4] Group 2: Incentives and Rewards - Technical personnel are incentivized through a rating system where their compensation aligns with management levels, with top-tier technical talent earning equivalent to the group president [4] - The company awards a technology progress prize of 5 million yuan annually to recognize outstanding contributions, with selection criteria driven by market needs [4] Group 3: Technological Development - The company focuses on achieving technological premium through innovation and intellectual property protection, avoiding simple price competition [5] - It has established an Integrated Product Development (IPD) system, drawing inspiration from leading firms like IBM and Huawei [5][6] - The company has three core sectors: tungsten-molybdenum, rare earth, and new energy materials, supported by dedicated research centers [5][6] Group 4: Organizational Structure - The technical center manages both technology and long-term product development, while short-term product development is handled by subsidiaries [6][7] - New product revenue accounts for nearly 30% of the company's total business [7] Group 5: Leadership and Vision - The chairman, Huang Changgen, emphasizes the importance of learning and adaptability in leadership, reflecting on his own journey from a factory worker to a company leader [9][10] - The company aims to align with national strategies and create a conducive work environment for employees [9][10] - The long-term goal is to become one of the world's top 500 manufacturing companies, focusing solely on manufacturing rather than trading [12][13]

Group 1 - The metal cobalt concept increased by 1.73%, ranking third among concept sectors, with 25 stocks rising, including Dadi Bear, Rongbai Technology, and Huaxin Environmental Protection, which rose by 15.21%, 10.06%, and 7.46% respectively [1][2] - The main capital inflow into the metal cobalt sector was 937 million yuan, with 22 stocks receiving net inflows, and five stocks seeing inflows exceeding 30 million yuan, led by Zijin Mining with a net inflow of 846 million yuan [2][3] - The top three stocks by net inflow ratio were Zijin Mining, Pengxin Resources, and ST Hezhong, with net inflow ratios of 21.16%, 6.21%, and 5.58% respectively [3] Group 2 - The concept sectors with the highest daily fluctuations included Hair Medical at 2.02%, IP Economy at 1.81%, and Metal Cobalt at 1.73%, while sectors like Pork and Chicken Farming saw declines of -1.11% and -1.09% respectively [2] - The stocks with the largest net inflows in the metal cobalt sector included Zijin Mining, Luoyang Molybdenum, and Xiamen Tungsten, with net inflows of 846 million yuan, 67.23 million yuan, and 49.61 million yuan respectively [2][3] - The overall performance of the metal cobalt sector indicates a positive trend, with significant capital inflows and notable stock performances among leading companies [1][2]

Core Viewpoint - The tungsten industry is characterized by a significant supply-demand gap, with expectations of a global shortage increasing from 13,000 tons in 2023 to 18,000 tons by 2027, indicating a systemic rise in tungsten prices due to its strategic importance and scarcity [2][3]. Industry Overview - Tungsten is a globally important strategic resource known for its high hardness, melting point, and resistance to high temperatures and corrosion, making it essential in various sectors including transportation, mining, industrial manufacturing, and military applications [7][9]. - The global tungsten reserves are concentrated, with China holding over 50% of the total tungsten resources and production, making it a key player in the tungsten market [14][19]. Driving Factors - The rarity of tungsten resources and continuous innovation in mining technology are crucial for the industry's growth, with global tungsten reserves increasing from approximately 3.3 million tons in 2018 to 4.4 million tons in 2023, reflecting a compound annual growth rate of 5.9% [14]. - Demand for tungsten from downstream industries is on the rise, particularly in aerospace, military, and photovoltaic sectors, with projections indicating that global tungsten consumption could reach approximately 151,100 tons by 2028 [15]. - Technological advancements in mining and smelting processes are enhancing the efficiency and cost-effectiveness of tungsten extraction, making the market more attractive to investors [16][17]. Supply-Demand Structure - The supply of tungsten remains rigid, with China accounting for 52.5% of global tungsten reserves and 82.3% of production in 2024, despite a gradual decline in the quality of tungsten ore due to extensive mining [19][21]. - The Chinese government implements strict controls on tungsten mining, with total mining quotas gradually increasing but remaining limited, which contributes to a tight supply situation [21][27]. - The production cost of tungsten concentrates is expected to rise significantly, with estimates indicating costs could exceed 130,000 yuan per ton by 2024 [27][29]. Price Outlook - The price of tungsten is supported by strong cost factors, with production costs currently ranging from 96,000 to 107,000 yuan per ton, and expected to maintain upward pressure due to increasing mining costs and regulatory constraints [27][29]. - The global tungsten market is anticipated to experience price increases driven by supply constraints and rising demand from various industrial applications [2][3]. Industry Development Trends - The tungsten industry is expected to see continued growth in hard alloy production, with domestic production increasing from 33,800 tons in 2018 to an estimated 58,000 tons in 2024, reflecting a compound annual growth rate of 9.4% [37]. - The demand for tungsten wire, particularly in the photovoltaic sector, is projected to grow rapidly as it replaces traditional carbon steel wire due to its superior properties [53][54].

Group 1 - The metal cobalt sector increased by 2.36%, ranking third among concept sectors, with 33 stocks rising, including Huahong Technology which hit the daily limit, and Dadi Bear, Tengyuan Cobalt, and Huayou Cobalt showing significant gains of 11.76%, 7.90%, and 4.82% respectively [1][2] - The sector saw a net inflow of 739 million yuan from main funds, with 22 stocks receiving net inflows, and five stocks exceeding 50 million yuan in net inflow, led by Zijin Mining with a net inflow of 285 million yuan [2][3] - Huahong Technology, China Baoan, and ST Shengtun had the highest net inflow ratios, at 19.65%, 14.43%, and 14.08% respectively [3][4] Group 2 - The top stocks in the metal cobalt sector by net inflow included Zijin Mining, Luoyang Molybdenum, Huahong Technology, and Xiamen Tungsten, with net inflows of 285 million yuan, 131.69 million yuan, 91.62 million yuan, and 82.02 million yuan respectively [2][3] - The trading performance of key stocks showed significant fluctuations, with Dadi Bear achieving a daily increase of 11.76% and a turnover rate of 16.46%, while ST HZ and Xingye Silver Tin experienced declines of 0.47% and 0.18% respectively [1][6]

Market Performance - The controllable nuclear fusion concept declined by 0.80%, ranking among the top declines in the concept sector, with notable declines in stocks such as Baile Electric, Shun Sodium, and Xue Ren [1] - In contrast, 23 stocks within the sector experienced price increases, with Pan-Asia Micro-Transparent, Xuguang Electronics, and Chujian New Materials leading the gains at 6.13%, 5.12%, and 3.62% respectively [1] Capital Flow - The controllable nuclear fusion concept saw a net outflow of 1.297 billion yuan, with 43 stocks experiencing net outflows, and 8 stocks seeing outflows exceeding 50 million yuan [2] - Baile Electric led the net outflow with 414.37 million yuan, followed by Xue Ren, Yongding, and Shun Sodium with net outflows of 136.02 million yuan, 120.57 million yuan, and 87.58 million yuan respectively [2] Top Gainers and Losers - The top gainers in the controllable nuclear fusion concept included stocks like Xiamen Tungsten, Xuguang Electronics, and Guoguang Electric, with net inflows of 82.02 million yuan, 33.49 million yuan, and 28.84 million yuan respectively [2][4] - The stocks with the largest declines included Baile Electric at -9.87%, Xue Ren at -6.96%, and Shun Sodium at -8.93% [2][3]