证券代码：000657 证券简称：中钨高新 公告编号：2025-114 中钨高新材料股份有限公司 关于收购远景钨业股权暨关联交易的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 重要内容提示： 1、中钨高新材料股份有限公司（以下简称"公司"、"上市 公司"或"中钨高新"）现金收购五矿钨业集团有限公司（以下 简称"五矿钨业"）所持有的衡阳远景钨业有限责任公司（以下 简称"远景钨业"、"标的公司"）99.9733%股权。 2、公司与五矿钨业属于同一控制下的企业，且五矿钨业为公 司第二大股东。根据《深圳证券交易所股票上市规则》（以下简 称《股票上市规则》）等规定，本次交易构成关联交易；本次关 联交易不构成《上市公司重大资产重组管理办法》规定的重大资 产重组 3、本次交易经公司第十一届董事会独立董事第三次专门会议 及第十一届董事会第六次会议审议通过，关联董事已回避表决； 尚需提交公司股东会审议批准，关联股东中国五矿股份有限公司 （以下简称五矿股份）和五矿钨业需回避表决。 4、本次收购尚需提交公司股东会审议通过后方可实施。投资 标的可能面临经济环境、宏观政策、行业 ...

证券代码：000657 证券简称：中钨高新 公告编号：2025-115 中钨高新材料股份有限公司 关于变更注册资本及修订《公司章程》的公告 一、变更注册资本及修订《公司章程》的原因 根据公司股东会授权，经公司第十一届董事会第三次（临时）会议 审议通过，公司将8名因退休、离职、个人绩效考核等原因不符合解锁 条件的激励对象持有的已获授但尚未解锁的合计349,980股限制性股票 予以回购注销。本次回购注销导致公司股份总数减少349,980股，回购 注销完成后，公司总股本从2,278,954,380股减少至2,278,604,400股。 相应，公司注册资本由2,278,954,380元变更为2,278,604,400元，并相 应修订《公司章程》。 - 1 - 章节 修订前 修订后 第一章 第三条 ...... 2025 年 4 月，公司非公开发行 股份募集配套资金新增股份数 量 189,473,684 股，公司总股 本增加至 2,278,954,380 股。 ...... 2025 年 4 月，公司非公开发行股份募集配 套资金新增股份数量 189,473,684 股，公司 总股本增加至 2,278,954,380 股 ...

证券代码：000657 证券简称：中钨高新 公告编号：2025-116 中钨高新材料股份有限公司 关于召开 2025 年第七次临时股东会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、召开会议的基本情况 1、股东会届次：2025 年第七次临时股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》 《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律 监管指引第 1 号——主板上市公司规范运作》等法律、行政法规、 部门规章、规范性文件及《公司章程》的有关规定。 4、会议时间： （1）现场会议时间：2025 年 11 月 14 日 14:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票 的具体时间为 2025 年 11 月 14 日 9:15-9:25，9:30-11:30，13:00- 15:00；通过深圳证券交易所互联网投票系统投票的具体时间为 2025 年 11 月 14 日 9:15 至 15:00 的任意时间。 5、会议的召开方式：现场表决与网络投票相结合。 6、会议的股权登记日：2025 ...

中钨高新材料股份有限公司 证券代码：000657 证券简称：中钨高新 公告编号：2025-112 第十一届董事会第六次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 中钨高新材料股份有限公司（以下简称"公司"）第十一届董事 会第六次会议于 2025 年 10 月 24 日以现场和视频相结合方式在公司 会议室召开。本次会议通知于 2025 年 10 月 14 日以电子邮件方式送 达全体董事。会议由董事长李仲泽主持，应出席董事 9 人，实际出席 董事 9 人，部分高级管理人员列席会议。本次会议的召开符合《中华 人民共和国公司法》和《公司章程》的有关规定。 二、董事会会议审议情况 （一）审议通过了《2025 年第三季度报告》 表决结果：9 票同意、0 票反对、0 票弃权。 重要提示： 1.本议案已经公司董事会审计委员会事前审议通过； 2.以上具体内容详见公司同日刊登在《中国证券报》、巨潮资讯 网（www.cninfo.com.cn）的《2025 年第三季度报告》（公告编号： 2025-113）。 （二）审议通过了《关于现金收购衡 ...

Investment Rating - Industry rating: Recommended [3] Core Insights - The report emphasizes the strategic revaluation of key metals, particularly focusing on rare earths and cobalt [24] - Nickel prices are expected to be supported due to tightened supply expectations following Indonesia's new regulation reducing the approval cycle for mining plans from three years to one year [26][27] - Cobalt prices have continued to rise, with expectations of increasing supply tightness further driving prices up [30][33] - Antimony supply is expected to remain tight, providing a bottom support for antimony prices [34] - Lithium carbonate prices are projected to remain strong due to ongoing demand and inventory depletion [16] - China's dominance in rare earth supply is reinforced by stricter export controls, which are expected to support rare earth prices [18] - Tin supply remains uncertain due to ongoing challenges in overseas supply, which is expected to support tin prices [19] - Tungsten prices are supported by a tightening supply situation, with production rates slowing down [20] - Uranium supply tightness is anticipated to continue, supporting uranium prices [21] Summary by Sections Nickel and Cobalt Industry Update - Indonesia's new regulation on mining approvals is expected to tighten future ore supply, supporting nickel prices [26] - As of October 24, LME nickel price was $15,085 per ton, up 1.04% from October 17 [26] - Cobalt prices have risen significantly, with electrolytic cobalt reaching 408,500 CNY per ton, a 6.94% increase [30] Antimony Industry Update - Domestic antimony prices have decreased, but long-term supply tightness is expected to support prices [34] - China's antimony production is projected to dominate global supply, accounting for 60% of the total [34] Lithium Industry Update - Lithium carbonate prices have increased, with a market average of 73,700 CNY per ton as of October 24 [16] - Demand from the battery sector continues to drive price support [16] Rare Earth Industry Update - China's strict export controls on rare earths are expected to tighten supply and support prices [18] - The report highlights the importance of China's role in the global rare earth supply chain [18] Tin Industry Update - Tin prices are supported by supply uncertainties, particularly from Myanmar and Indonesia [19] - As of October 24, LME tin price was $35,925 per ton, up 2.42% from October 17 [19] Tungsten Industry Update - The tungsten supply situation is tightening, with production rates slowing down [20] - Prices for tungsten concentrate have increased, reflecting supply constraints [20] Uranium Industry Update - The report indicates a continued tight supply situation for uranium, supporting price stability [21] - Recent production guidance reductions from major suppliers are expected to impact future supply [21]

Core Insights - The ceramic cutting tools market in China is expected to reach a scale of 5.591 billion yuan in 2024, with a year-on-year growth of 10.71% [1][8] - The demand for ceramic cutting tools is driven by the automotive, aerospace, and electronic information industries, which require high processing efficiency and product quality [1][7] - The development of ceramic cutting tools is supported by various government policies aimed at enhancing the manufacturing sector [4][5] Overview - Cutting tools are essential for various machining operations and can be categorized into different types, including ceramic tools, high-speed steel tools, and hard alloy tools [2] - Ceramic cutting tools are known for their high hardness, wear resistance, and thermal stability, making them suitable for machining a variety of materials [2][8] Market Policies - The Chinese government has implemented several policies to support the development of the cutting tool industry, including guidelines for enhancing manufacturing reliability and promoting major technological equipment [4][5] Industry Chain - The upstream of the ceramic cutting tool industry includes suppliers of raw materials such as alumina, silicon nitride, and zirconia, while the midstream involves the manufacturing of ceramic tools [5][6] - The downstream applications encompass various industrial sectors, including automotive manufacturing and aerospace [5][6] Current Development - Ceramic cutting tools can efficiently process high-hardness materials and achieve cutting speeds 2 to 10 times higher than hard alloy tools, significantly improving production efficiency [1][8] - The increasing demand for high-performance ceramic tools is driven by advancements in downstream industries [1][8] Competitive Landscape - The ceramic cutting tool market in China features numerous participants, including both international brands like Kyocera and Sandvik, and local companies that have made significant technological advancements [10][11] - Local enterprises are gradually enhancing their competitiveness and product performance, aiming to replace imported products [10][11] Future Trends - The development and application of new materials such as silicon nitride and silicon carbide are expected to enhance the performance of ceramic cutting tools [12] - The industry will increasingly focus on green and sustainable practices, including the use of eco-friendly materials and processes [12]

Core Viewpoint - The company, Zhongtung High-tech Materials Co., Ltd., will disclose its Q3 2025 report on October 27, 2025, and will hold an online performance briefing on October 31, 2025, to enhance investor understanding of its performance and operations [1][4]. Group 1: Performance Briefing Details - The performance briefing is scheduled for October 31, 2025, from 15:30 to 16:30 [1]. - The briefing will be conducted via the "Yunfangtan" section on the Shenzhen Stock Exchange's "Interactive Easy" platform [1]. - Attendees will include the company's chairman, independent directors, general manager, deputy general managers, financial director, and board secretary [1]. Group 2: Investor Engagement - The company is inviting investors to submit questions in advance to enhance the relevance of the discussion during the performance briefing [2]. - Investors can submit their questions through the "Yunfangtan" section on the Interactive Easy platform [2]. - The company will address commonly raised questions from investors during the briefing [2]. Group 3: Contact Information - The contact department for inquiries is the Securities Legal Affairs Department (Board Office) [3]. - Contact numbers provided are 0731-28265977 and 0731-28265901 [3]. - An email address for inquiries is zwgx000657@126.com [3].

证券代码：000657 证券简称：中钨高新 公告编号：2025-111 中钨高新材料股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 中钨高新材料股份有限公司（以下简称"公司"）将于 2025 年 10月27日在中国证券报、巨潮资讯网（www.cninfo.com.cn）披露《2025 年第三季度报告》。为便于广大投资者更全面深入地了解公司 2025 年第三季度业绩与经营情况，公司定于 2025 年 10 月 31 日在深圳证 券交易所"互动易"平台（http://irm.cninfo.com.cn）的"云访谈" 栏目举办公司 2025 年第三季度网上业绩说明会，现将具体安排公告如 下： 一、业绩说明会召开的时间、方式 1.召开时间：2025 年 10 月 31 日（星期五）15:30-16:30 2.召开方式 本次业绩说明会将采用网络远程文字互动的方式举行，投资者 可登陆深圳证券交易所"互动易"平台 （http://irm.cninfo.com.c n），进入"云访谈"栏目参与本次业绩说明会，也可扫 ...

Core Viewpoint - Zhongtung High-tech has shown significant stock performance with a year-to-date increase of 104.86%, indicating strong market interest and potential growth in the tungsten industry [1][2]. Financial Performance - For the first half of 2025, Zhongtung High-tech achieved operating revenue of 7.849 billion yuan, representing a year-on-year growth of 15.31% [2]. - The net profit attributable to shareholders for the same period was 510 million yuan, marking a substantial increase of 247.28% year-on-year [2]. Stock Market Activity - As of October 23, Zhongtung High-tech's stock price was 18.54 yuan per share, with a market capitalization of 42.252 billion yuan [1]. - The stock has experienced a trading volume of 403 million yuan on the same day, with a turnover rate of 1.52% [1]. - The stock has been active on the leaderboard twice this year, with the most recent instance on July 30, where it recorded a net buy of -353 million yuan [1]. Shareholder Information - As of June 30, 2025, the number of shareholders for Zhongtung High-tech was 46,800, a decrease of 8.15% from the previous period [2]. - The top ten circulating shareholders include significant institutional investors, with Hong Kong Central Clearing Limited being the third-largest shareholder, increasing its holdings by 4.6167 million shares [3].

Core Points - The Shenzhen State-Owned Enterprises ESGR Index (470055) closed at 1592.08 points, down 0.02%, with a trading volume of 30.197 billion yuan and a turnover rate of 0.94% [1] - Among the index constituents, 24 stocks rose while 21 fell, with Tongyu Heavy Industry leading the gainers at 3.95% and Guangdong Hongda leading the decliners at 5.35% [1] Index Constituents Summary - The top ten constituents of the Shenzhen State-Owned Enterprises ESGR Index are as follows: - Hikvision (sz002415): Weight 9.64%, Latest Price 33.47, Change 2.73%, Market Cap 306.748 billion yuan, Industry: Computer [1] - BOE Technology Group (sz000725): Weight 9.31%, Latest Price 4.02, Change 0.00%, Market Cap 150.404 billion yuan, Industry: Electronics [1] - Wuliangye Yibin (sz000858): Weight 8.62%, Latest Price 120.10, Change -0.35%, Market Cap 466.181 billion yuan, Industry: Food & Beverage [1] - Inspur Information (sz000977): Weight 7.30%, Latest Price 66.52, Change -1.03%, Market Cap 97.926 billion yuan, Industry: Computer [1] - Weichai Power (sz000338): Weight 6.78%, Latest Price 14.63, Change 0.34%, Market Cap 127.480 billion yuan, Industry: Automotive [1] - AVIC Optoelectronics (sz002179): Weight 4.48%, Latest Price 37.17, Change -1.43%, Market Cap 78.736 billion yuan, Industry: Defense [1] - Shenwan Hongyuan (sz000166): Weight 4.14%, Latest Price 5.37, Change 0.00%, Market Cap 134.464 billion yuan, Industry: Non-Bank Financial [1] - Yunnan Aluminum (sz000807): Weight 4.08%, Latest Price 22.18, Change 0.82%, Market Cap 76.919 billion yuan, Industry: Nonferrous Metals [1] - Changchun High & New Technology (sz000661): Weight 3.73%, Latest Price 119.11, Change -0.97%, Market Cap 48.589 billion yuan, Industry: Pharmaceuticals [1] - China Merchants Shekou (sz001979): Weight 3.31%, Latest Price 9.88, Change -1.50%, Market Cap 89.521 billion yuan, Industry: Real Estate [1] Capital Flow Analysis - The net outflow of main funds from the ESGR index constituents totaled 340 million yuan, while retail investors saw a net inflow of 126 million yuan [1] - The detailed capital flow for key stocks includes: - Hikvision: Main net inflow 374 million yuan, retail net outflow 29.5 million yuan [2] - Zhongcai Technology: Main net inflow 141 million yuan, retail net outflow 18.8 million yuan [2] - Yunnan Aluminum: Main net inflow 137 million yuan, retail net outflow 121 million yuan [2] - Weichai Power: Main net inflow 27.6 million yuan, retail net outflow 2.33 million yuan [2]