Market Overview - On September 5, the small metals sector rose by 3.22% compared to the previous trading day, with Dongfang Tantalum leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Individual Stock Performance - Dongfang Silver Industry (000962) closed at 22.55, up 10.00% with a trading volume of 267,200 shares and a transaction value of 581 million [1] - Zhongkuang Resources (002738) closed at 42.56, up 7.58% with a trading volume of 454,700 shares and a transaction value of 1.895 billion [1] - Shenghe Resources (600392) closed at 22.90, up 5.58% with a trading volume of 1,306,200 shares and a transaction value of 2.936 billion [1] - Other notable performers include Dongfang Cuo Industry (002167) up 5.00%, Jintian Titanium Industry (688750) up 4.68%, and Tin Industry Co. (000960) up 3.88% [1] Capital Flow Analysis - The small metals sector experienced a net outflow of 161 million from institutional investors and 101 million from speculative funds, while retail investors saw a net inflow of 262 million [1] - Shenghe Resources (600392) had a net inflow of 1.16 billion from institutional investors, while it faced a net outflow of 1.44 billion from speculative funds [2] - Xiamen Tungsten (600549) reported a net inflow of 88.79 million from institutional investors but a net outflow of 10.35 million from speculative funds [2] - Dongfang Cuo Industry (002167) had a net inflow of 67.50 million from institutional investors, with a net outflow of 47.39 million from speculative funds [2]

并经深圳证券交易所审核通过及中国证券监督管理委员会作出同意 注册决定后方可实施。公司将根据该事项的实际进展情况，按照相关 规定及时履行信息披露义务。 特此公告。 宁夏东方钽业股份有限公司董事会 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 宁夏东方钽业股份有限公司（以下简称"公司"）分别于2025 年6月22日召开第九届董事会第二十二次会议、第九届监事会第十二 次会议，于8月22日第九届董事会第二十三次会议、第九届监事会第 十三次会议，审议通过了公司向特定对象发行股票的相关议案，具体 内容详见公司于 2025年6月24日、8月26日刊登在《证券时报》《证 券日报》《中国证券报》《上海证券报》及巨潮资讯网的相关公告。 2025年9月4日，公司收到实际控制人中国有色矿业集团有限公司 （以下简称"中国有色矿业"）作出的《关于同意宁夏东方钽业股份 有限公司向特定对象发行A股股票的批复》（中色规划〔2025〕45号）、 控股股东中色（宁夏）东方集团有限公司（以下简称"中色东方"） 作出的《关于同意宁夏东方钽业股份有限公司向特定对象发行A股股 票的批复》（中色东方发展 ...

Group 1 - A total of 29 companies were investigated by funds on September 4, with a significant focus on Lingyi iTech, Huali Group, and Shiji Information [1] - Lingyi iTech received the most attention, with 28 funds participating in its investigation, while both Huali Group and Shiji Information had 15 funds each [1] - The companies investigated by funds are distributed across various sectors, with the electronics sector having the highest representation at 5 companies, followed by pharmaceuticals and computers, each with 3 companies [1] Group 2 - Among the companies investigated, 5 have a total market capitalization exceeding 50 billion yuan, with Shenghong Technology and Changan Automobile exceeding 100 billion yuan [1] - In terms of market performance, only 2 out of the investigated stocks increased in value over the past 5 days, with Huasheng Lithium Battery and Hainxin Energy Technology showing gains of 8.64% and 3.28% respectively [1] - The majority of the investigated stocks, 27 in total, experienced declines, with the largest drops seen in Feilihua, Lingyi iTech, and Chongda Technology, with declines of 23.74%, 16.30%, and 15.36% respectively [1] Group 3 - In terms of net capital inflow over the past 5 days, 3 stocks saw positive inflows, with Huasheng Lithium Battery attracting 21.29 million yuan, the highest among them [2] - Other companies with notable net inflows include Dongfang Tantalum and Rongqi Technology, with inflows of 9.93 million yuan and 6.86 million yuan respectively [2] - A detailed list of companies investigated by funds includes Lingyi iTech, Shiji Information, and Huali Group, among others, with their respective fund participation and recent performance metrics [2][3]

Group 1: Liquidity and Performance of Rare Metal ETFs - The rare metal ETF had an intraday turnover of 6.52%, with a transaction volume of 144 million yuan [2] - Over the past week, the average daily transaction volume of the rare metal ETF reached 228 million yuan, ranking first among comparable funds [2] - The rare metal ETF's scale increased by 68.32 million yuan in the past week, achieving significant growth and ranking first among comparable funds [2] - The latest share count of the rare metal ETF reached 2.992 billion shares, a new high since its inception, also ranking first among comparable funds [2] - In the last five days, the rare metal ETF experienced continuous net inflows, with a maximum single-day net inflow of 116 million yuan, totaling 333 million yuan [2] - As of September 4, 2025, the net value of the rare metal ETF increased by 77.68% over the past year, ranking 433 out of 3004 in the index stock fund category, placing it in the top 14.41% [2] - The highest monthly return since inception for the rare metal ETF was 24.02%, with the longest consecutive monthly increase being four months and a maximum increase of 58.56% [2] - The average return during the rising months was 8.77%, and the annualized excess return over the benchmark for the past three months was 9.14% [2] Group 2: Market Trends and Company Performance - The rare metal sector is experiencing multiple favorable factors, with rising rare earth prices improving the profitability of related companies [3] - Shenghe Resources reported significant year-on-year growth in rare earth and rare metal production and sales for the first half of 2025, driven by changes in market supply and demand dynamics [3] - The gross profit margin for Shenghe Resources reached 8.42% in H1 2025, an increase of 6.95 percentage points year-on-year, with Q2 2025 gross profit margin at 8.84%, up 5.82 percentage points year-on-year [3] - The company is strengthening its rare earth industry chain layout through a diversified raw material supply assurance system, indicating potential for continued performance improvement [3] - CITIC Construction pointed out that the monetary easing from the Federal Reserve and domestic policies aimed at optimizing production factors are conducive to the upward transmission of metal prices to downstream sectors [3] - The valuation of the industrial metal sector is currently low, suggesting potential for upward correction [3] - The top ten weighted stocks in the CSI Rare Metal Theme Index account for 57.58% of the index, including companies like Northern Rare Earth, Luoyang Molybdenum, and Ganfeng Lithium [3]

Group 1: Company Overview and Activities - The company, Ningxia Dongfang Tantalum Industry Co., Ltd., held an investor activity on September 4, 2025, from 14:00 to 17:00 [2] - Participants included representatives from Western Securities and Bosera Fund, along with the company's chairman and vice general manager [2] Group 2: Production Expansion Plans - The company plans to invest in three capacity expansion projects using raised funds [2] - The projects include: - A digital factory for tantalum and niobium wet metallurgy with a production capacity of: - Potassium fluotantalate: 1,100 tons/year - Niobium pentoxide: 1,700 tons/year - High-purity niobium pentoxide: 150 tons/year - High-purity tantalum pentoxide: 50 tons/year - Tantalum-niobium compounds: 209.5 tons/year - By-product tin concentrate: 90 tons/year [3] - A smelting production line for tantalum and niobium with an expected capacity of: - Niobium: 860 tons/year - Tantalum: 80 tons/year - Niobium and niobium alloy bars: 74 tons/year - Tantalum and tantalum alloy bars (rods): 240 tons/year [3] - A high-end product line for tantalum and niobium with a capacity of 145 tons/year for tantalum-niobium plates and strips [3] Group 3: Raw Material Supply Chain - The company has secured a stable supply chain for tantalum and niobium raw materials through a binding equity acquisition of Brazil's Taboca Company [4] - A procurement contract for approximately 3,000 tons of iron niobium tantalum alloy has been signed with Taboca [4] Group 4: Cost Structure and Management - The primary cost component for the company is raw material procurement [5] - The company aims to enhance lean management and technological innovation to achieve scale and quality efficiency [5] - Ongoing capacity expansion projects are expected to improve both wet and dry metallurgy production capacities while strengthening quality management and cost control [5]

格隆汇9月3日丨东方钽业(000962.SZ)在互动平台表示，公司目前不生产铌酸锂产品，且不直接制造光 模块元器件。公司目前的发展理念是"做全湿法、做优钽粉、做稳钽丝、做大火法、做强制品、做好延 链"。 ...

Core Viewpoint - Dongfang Tantalum Industry's stock price has shown significant growth this year, with a year-to-date increase of 56.72% as of September 3, 2023, indicating strong market performance and investor interest [1]. Financial Performance - For the first half of 2025, Dongfang Tantalum achieved a revenue of 797 million yuan, representing a year-on-year growth of 34.45% [2]. - The net profit attributable to shareholders for the same period was 145 million yuan, reflecting a year-on-year increase of 29.08% [2]. Stock Market Activity - As of September 3, 2023, Dongfang Tantalum's stock price was 21.35 yuan per share, with a trading volume of 2.29 billion yuan and a turnover rate of 2.10% [1]. - The company experienced a net outflow of 4.84 million yuan in principal funds, with large orders accounting for 24.97% of purchases and 24.95% of sales [1]. Shareholder Information - As of August 29, 2023, the number of shareholders for Dongfang Tantalum was 43,600, a decrease of 13.15% from the previous period [2]. - The average number of circulating shares per shareholder increased by 15.14% to 11,502 shares [2]. Dividend Distribution - Since its A-share listing, Dongfang Tantalum has distributed a total of 358 million yuan in dividends, with 66.66 million yuan distributed over the past three years [3]. Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited was the seventh largest circulating shareholder, holding 3.2572 million shares, a decrease of 1.7171 million shares from the previous period [3]. - Huaxia Stable Growth Mixed Fund entered the top ten circulating shareholders with a holding of 2.1124 million shares [3].

Group 1 - The company, Dongfang Tantalum Industry, reported that as of August 29, 2025, the number of shareholders reached 43,607 [1]

Company Overview - Dongfang Tantalum Industry Co., Ltd. is located in Shizuishan City, Ningxia Hui Autonomous Region, established on April 30, 1999, and listed on January 20, 2000. The company specializes in the research, production, and sales of tantalum, niobium, and beryllium metal and alloy products [1][2]. Financial Performance - For the first half of 2025, Dongfang Tantalum achieved operating revenue of 797 million yuan, representing a year-on-year growth of 34.45%. The net profit attributable to the parent company was 145 million yuan, up 29.08% year-on-year [2]. - Since its A-share listing, the company has distributed a total of 358 million yuan in dividends, with 66.66 million yuan distributed over the past three years [3]. Stock Performance - As of September 2, Dongfang Tantalum's stock price was 22.09 yuan per share, with a year-to-date increase of 62.15%. In the last five trading days, the stock rose by 5.14%, 28.73% over the last 20 days, and 34.10% over the last 60 days [1]. - The company had a market capitalization of 11.152 billion yuan, with a trading volume of 78.65 million yuan and a turnover rate of 0.70% [1]. Shareholder Information - As of August 20, the number of shareholders increased to 50,200, a rise of 9.05%. The average circulating shares per person decreased by 8.30% to 9,990 shares [2]. - As of June 30, 2025, Hong Kong Central Clearing Limited was the seventh-largest circulating shareholder, holding 3.2572 million shares, a decrease of 1.7171 million shares from the previous period. Huaxia Stable Growth Mixed Fund entered as the tenth-largest shareholder with 2.1124 million shares [3]. Market Position - Dongfang Tantalum is classified under the non-ferrous metals industry, specifically in the small metals sector, and is associated with concepts such as superconductors, niobium, supercapacitors, nuclear fusion, and new materials [1].

Core Viewpoint - The company has completed the repurchase and cancellation of 103,994 restricted stocks, which accounts for 0.02% of the total share capital before the repurchase, due to the departure of certain incentive targets [2][8]. Group 1: Repurchase and Cancellation Details - The repurchase price for the restricted stocks is set at 4.458 yuan per share, with a total cost of 46.36 thousand yuan, funded by the company's own resources [2][12]. - Following the cancellation, the company's total share capital will decrease from 504,968,262 shares to 504,864,268 shares [2][12]. - The repurchase was approved during the company's board and supervisory meetings held on April 25, 2025, and subsequently ratified by the shareholders [3][8]. Group 2: Background of the Incentive Plan - The 2022 restricted stock incentive plan was initially approved by the board on December 30, 2022, and received the necessary regulatory approvals [4][5]. - The plan included provisions for the repurchase of stocks in cases where incentive targets left the company due to uncontrollable circumstances [9][10]. Group 3: Financial Adjustments and Impact - The repurchase price was adjusted due to previous cash distributions, resulting in a final repurchase price of 4.458 yuan per share [11][12]. - The cancellation of these stocks is not expected to impact the company's operational performance or management responsibilities [14].