Core Viewpoint - The company has developed ultra-high purity tantalum target blanks with a purity level of 5N9, breaking foreign technology barriers and product monopolies, thus changing China's complete reliance on imports for integrated circuit materials [2] Group 1: Company Developments - The company is accelerating the domestic replacement process for 12-inch high-purity tantalum target blanks [2] - The company has formed a complete closed-loop system from R&D to production and application, overcoming key technologies in high-purity tantalum powder purification and large-size target blank formation [3] - The company has established a stable customer base in sectors such as semiconductors and aerospace, forming a complete industrial chain from raw materials to end products [3] Group 2: Product and Market Insights - High-purity tantalum target blanks and high-purity tantalum powder have become key products for the company's revenue growth, with increasing market demand driven by the rapid development of the semiconductor and AI industries [4] - The company's main products include high-temperature alloys, tantalum powder, tantalum wire, semiconductor tantalum target blanks, high-purity niobium materials, and niobium superconducting cavities [3] - The production of large-size high-purity tantalum target blanks is primarily used in semiconductor chip manufacturing, semiconductor coating, and optical coating industries, providing significant growth opportunities in the target material market [5][6] Group 3: Competitive Advantages - The company possesses a full industrial chain from tantalum and niobium ore hydrometallurgy to deep processing of various tantalum and niobium products, enhancing its market competitiveness [3] - The company is enhancing product competitiveness by improving internal management, strengthening research capabilities, increasing production volume, and enhancing product quality [6] - The company is focusing on high-value-added products and optimizing its product structure, with a gradual increase in the proportion of high-purity and high-value products [3][8] Group 4: Future Outlook - The company anticipates a recovery in the market for ultra-high-purity niobium materials, high-purity tantalum materials for semiconductors, high-pressure high-capacity tantalum powder, and high-temperature special steel driven by demand from large scientific projects, high-performance computing systems, smart vehicles, and national defense equipment by 2025 [8] - The company plans to expand market space, adjust product structure, and increase the sales share of high-value-added products, while also implementing an "outbound" strategy to enhance supply chain resilience and stability [8][9]

Core Viewpoint - The company has approved the 2022 Restricted Stock Incentive Plan, allowing the board to manage all related matters, including the granting of restricted stocks to eligible participants [1][2][3] Summary by Sections Incentive Plan Approval - The board has been authorized to handle all matters related to the implementation of the 2022 Restricted Stock Incentive Plan, including determining the grant date and granting stocks to eligible participants [2][3] - The plan has received approval from the State-owned Assets Supervision and Administration Commission [3] Conditions for Release of Restrictions - A total of 152 participants are eligible for the release of restrictions on 1,545,126 shares, which represents 0.306% of the company's total share capital [2][11] - The first release period for the restricted stocks is set to end on June 1, 2025, with specific conditions that must be met for the release to occur [6][7] Performance Assessment - The performance assessment for the incentive plan will be conducted annually, with a target growth rate of 18.08% for 2023, and a compound growth rate of at least 15% compared to industry peers [7][10] - Individual performance evaluations will determine the percentage of stocks that can be released, with ratings categorized as excellent, good, satisfactory, or unsatisfactory [10] Stock Buyback and Cancellation - The company plans to repurchase and cancel a total of 103,994 shares from three participants who have left the company before meeting the release conditions [7][11] - Adjustments to the buyback price for the restricted stocks have been approved by the board [8] Changes in Share Capital Structure - Following the release of restrictions, the company's total share capital remains at 504,968,262 shares, with no changes in the proportion of restricted and unrestricted shares [12]

证券代码：000962 证券简称：东方钽业 公告编号：2025-045 号 一、本激励计划简述及已履行的程序 1、2022 年 12 月30日，公司召开第八届董事会第二十四次会议， 审议通过了《关于<公司 2022 年限制性股票激励计划（草案）>及其 摘要的议案》《关于<公司 2022 年限制性股票激励计划实施考核管 理办法>的议案》《关于<公司 2022 年限制性股票激励计划管理办法> 的议案》及《关于提请股东大会授权董事会办理公司 2022 年限制性 股票激励计划有关事项的议案》。独立董事对上述议案发表了同意的 独立意见。同日，公司召开第八届监事会第十五次会议，审议通过了 《关于<公司 2022 年限制性股票激励计划（草案）>及其摘要的议案》 《关于<公司 2022 年限制性股票激励计划实施考核管理办法>的议案》 1 宁夏东方钽业股份有限公司 关于 2022 年限制性股票激励计划首次授予部分第一个解除 限售期解除限售股份上市流通的提示性公告 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。 特别提示： 1、宁夏东方钽业股份有限公司（以下简称"公司" 或"东方 ...

Group 1: Company Overview and Activities - The company participated in the "Ningxia Listed Companies Investor Reception Day and 2024 Annual Performance Briefing" held on May 28, 2025, via an online platform [2] - The meeting was attended by key personnel including the General Manager and Financial Officer [2] Group 2: Product Applications and Market Strategy - The company's RF superconducting cavities are primarily used in major national scientific devices, distinct from nuclear fission applications [3] - To maintain market competitiveness amid weak downstream demand for tantalum and niobium materials, the company focuses on technological upgrades and expanding application scenarios [3] - The company aims to enhance its product structure and increase sales of high-value-added products, particularly in high-temperature alloys, semiconductors, and superconductors [3][5] Group 3: Sustainability and Supply Chain Management - The company incorporates ESG performance into its supplier evaluation and selection process, prioritizing suppliers with relevant certifications [4] - The company is committed to building a green supply chain and regularly conducts quality audits and supplier exchanges to enhance supplier capabilities [4] Group 4: Research and Development - The company has increased its R&D personnel by 19.03% in 2024, with R&D expenditure reaching 91.72 million yuan, a year-on-year increase of 11% [14] - The focus of R&D is on high-performance tantalum and niobium materials for applications in semiconductors and aerospace [8][17] Group 5: Financial Performance and Market Position - In 2024, the company's total revenue was 1.28 billion yuan, with domestic sales accounting for 64% (823 million yuan) and international sales 36% (457 million yuan) [13] - The company is actively adjusting its product structure to respond to cyclical fluctuations in the consumer electronics market [16] Group 6: Strategic Partnerships and Market Expansion - The company collaborates with various research institutions to overcome key technological bottlenecks and enhance innovation [7] - The company is expanding its market presence by increasing domestic sales and reducing reliance on international markets [13] Group 7: Environmental and Regulatory Compliance - The company emphasizes green development and adheres to national environmental policies, continuously improving its environmental management systems [10] - The introduction of intelligent production equipment aims to reduce energy consumption and reliance on manual labor [11]

Core Viewpoint - The A-share controllable nuclear fusion sector has seen significant growth, driven by accelerated commercialization of nuclear energy, with the potential for limitless energy generation if controllable nuclear fusion is realized [1] Industry Overview - Controllable nuclear fusion is based on the fundamental principles of stellar energy release, offering a clean, efficient, and sustainable energy source with minimal radioactive waste [1] - The primary fuels for nuclear fusion are tritium and deuterium, with 1 liter of seawater capable of extracting 0.035 grams of deuterium, releasing energy equivalent to burning 300 liters of gasoline, and the global supply of deuterium from seawater could last for over a hundred billion years [1] Technological Pathways - Global fusion research primarily focuses on two main technological pathways: magnetic confinement fusion and inertial confinement fusion, with ITER being the most representative project for magnetic confinement and the National Ignition Facility (NIF) for inertial confinement [1] - Magnetic confinement fusion is considered the most effective approach for developing fusion energy due to its longer energy confinement time, higher technological maturity, and stronger engineering feasibility [1] Domestic Industry Chain - The domestic controllable nuclear fusion industry chain is taking shape, with upstream companies providing raw materials such as superconducting materials and tungsten-based materials [2] - Key players in the upstream include Western Superconducting (SH688122), Shanghai Superconductor, and Antai Technology (SZ000969), among others [2] - Midstream equipment manufacturers include Western Superconducting and Guoguang Electric (SH688776), which supply components for magnetic confinement systems [2] Application and Commercialization - Downstream application firms include China National Nuclear Power Co. and China General Nuclear Power Group, responsible for the operation and construction of nuclear power plants [3] - The commercialization of controllable nuclear fusion is progressing, with various companies involved, although many have not disclosed the revenue contribution from related businesses [3] - Guoguang Electric's products are key components for the ITER project, while Western Superconducting is the only domestic producer of superconducting materials for ITER and is also involved in the CFETR project [3] Future Prospects - The timeline for the commercialization of controllable nuclear fusion is projected around 2030, with significant advancements expected by 2035 [5] - The BEST project in Hefei aims to enhance the economic viability of nuclear fusion energy and is expected to complete by 2027, potentially becoming the world's first compact fusion energy experimental device [5][6] - Achieving commercial viability requires meeting specific criteria, including maintaining plasma conditions and achieving a fusion gain greater than one [6]

Group 1 - The small metal sector is experiencing a downturn, with Dongfang Tantalum Industry (000962) dropping over 7% [1] - Other companies such as Huayang New Materials (600281), Yian Technology (300328), Guangsheng Nonferrous Metals (600259), and Western Materials (002149) are also following the downward trend [1]

宁夏东方钽业股份有限公司 关于参加宁夏辖区上市公司投资者集体接待日暨 2024 年度业 绩说明会的公告 本公司及董事会全体成员保证公告内容的真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 证券代码：000962 证券简称：东方钽业 公告编号：2025-044号 本次活动采用网络远程的方式进行，投资者可登录"全景路演" 网站(https://rs.p5w.net)，或关注微信公众号：全景财经，或下载 全景路演 APP,参与本次互动交流，活动时间:2025 年 5 月 28 日 15:00-17:00。届时，公司高管将在线就公司 2024 年度业绩、公司治 理、发展战略、经营情况、融资计划、股权激励和可持续发展等投资 者关心的问题，与投资者进行沟通和交流，欢迎广大投资者踊跃参与! 特此公告。 宁夏东方钽业股份有限公司董事会 2025 年 5 月 22 日 为进一步加强与投资者互动交流，宁夏东方钽业股份有限公司 （以下简称公司）将参加由宁夏上市公司协会与深圳市全景网络有限 公司联合举办的"宁夏辖区上市公司投资者集体接待日暨 2024 年度 业绩说明会活动"，现将相关事项公告如下： ...

证券代码：000962 证券简称：东方钽业 公告编号：2025-043 号 宁夏东方钽业股份有限公司 第九届董事会第二十一次会议决议公告 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。 宁夏东方钽业股份有限公司第九届董事会第二十一次会议通知于 2025 年 5 月 9 日以书面、传真和电子邮件的形式向各位董事发出。会议 于 2025 年 5 月 16 日在宁夏东方钽业股份有限公司办公楼二楼会议室以 现场表决和通讯表决相结合的方式召开，应出席会议董事 9 人，实出席 会议董事 9 人。公司部分监事和高管人员列席了本次会议。会议的召集、 召开符合《公司法》《公司章程》的规定。会议由董事长黄志学先生主持。 经认真审议： 三、以 9 票同意，0 票反对，0 票弃权，审议通过了《关于选举于 明董事为公司董事会专门委员会委员的议案》。董事会同意选举于明董事 为公司董事会战略委员会委员、提名委员会委员和审计委员会委员。 宁夏东方钽业股份有限公司董事会 2025 年 5 月 20 日 一、以 9 票同意，0 票反对，0 票弃权，审议通过了《关于经理层 任期制和契约化管理实施方 ...

Core Viewpoint - The company has approved a plan to repurchase and cancel a total of 103,994 restricted stocks that have been granted but not yet released from restrictions, resulting in a reduction of its total share capital and registered capital [1][2]. Group 1: Company Actions - The company held the 20th meeting of the 9th Board of Directors and the 11th meeting of the 9th Supervisory Board on April 25, 2025, where the proposal to repurchase and cancel restricted stocks was approved [1]. - Following the repurchase and cancellation, the company's total share capital will decrease from 504,968,262 shares to 504,864,268 shares, and the registered capital will decrease from 504,968,262 yuan to 504,864,268 yuan [1]. Group 2: Legal and Compliance - The company has notified creditors that they have 45 days from the date of the announcement to request debt repayment or provide corresponding guarantees due to the reduction in registered capital [2]. - Creditors who wish to claim their rights must submit written requests along with relevant proof documents, and the company has provided specific instructions for both corporate and individual creditors on how to submit their claims [2][3].

证券代码：000962 证券简称：东方钽业 公告编号：2025-042 号 宁夏东方钽业股份有限公司 关于回购注销部分限制性股票减资暨通知债权人的公告 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。 宁夏东方钽业股份有限公司（以下简称"公司"）于 2025 年 4 月 25 日 召开第九届董事会第二十次会议和第九届监事会第十一次会议，审议通过 了《关于回购注销部分限制性股票的议案》，同意回购注销激励对象已获授 但尚未解除限售的限制性股票数量共103,994股。具体内容详见公司于2025 年 4 月 29 日巨潮资讯网 www.cninfo.com.cn 和《证券时报》《证券日报》《中 国证券报》《上海证券报》刊登的《关于回购注销部分限制性股票的公告》。 本次回购注销完成后，公司总股本将减少 103,994 股，公司总股本将 由 504,968,262 股减少至 504,864,268 股，注册资本将由 504,968,262 元 减少至 504,864,268 元。公司将及时披露回购注销完成公告，股本总数以 在中国证券登记结算有限责任公司深圳分公司最终登记结果 ...