Group 1 - The report indicates that the Federal Reserve's resumption of interest rate cuts may lead to increased foreign investment in China's export-advantaged assets, particularly in high-end manufacturing sectors such as new energy, chemicals, and pharmaceuticals [1][13] - The "anti-involution" policy in China is expected to enhance the financial returns of the manufacturing sector, with a focus on high-end manufacturing capital expenditure (CAPEX) expansion since 2019, which solidifies global export competitiveness [2][14] - The report suggests that cross-border capital is accelerating its return to China, leading to a "re-inflation bull market" as China's net export scale rises and the RMB enters a long-term appreciation cycle [3][15] Group 2 - The report anticipates a shift in the A-share bull market towards consumption-driven growth, moving from an investment-driven model to one where consumption becomes the primary economic driver [4][16] - It highlights a potential "ice-fire conversion" in market dynamics, where technology sectors may lead the rally, followed by export-oriented high-end manufacturing, and eventually consumer sectors [5][17] Group 3 - The report recommends a stock portfolio for October 2025, including companies such as Dongfang Tower (Chemicals), Huafeng Aluminum (Non-ferrous), China Hongqiao (Non-ferrous), Luoyang Molybdenum (Non-ferrous), Dongfang Tantalum (Non-ferrous), Xinnengda (Electric New), Betta Pharmaceuticals (Pharmaceuticals), Yifeng Pharmacy (Pharmaceutical Retail), Bai'ao Intelligent (Military), Hikvision (Computers), and Luxshare Precision (Electronics) [6][11]

Group 1 - The core point of the news is that Dongfang Tantalum Industry Co., Ltd. experienced a 5.01% drop in stock price, reaching 22.92 yuan per share, with a trading volume of 303 million yuan and a turnover rate of 2.58%, resulting in a total market capitalization of 11.571 billion yuan [1] - Dongfang Tantalum Industry, established on April 30, 1999, and listed on January 20, 2000, is primarily engaged in the research, production, and sales of tantalum, niobium, and beryllium metal and alloy products, with 98.36% of its main business revenue coming from tantalum and niobium alloy products [1] - The company has a minor revenue contribution from titanium and titanium alloy products at 1.30%, and other products account for 0.34% and 0.01% respectively [1] Group 2 - Among the top ten circulating shareholders of Dongfang Tantalum Industry, Huaxia Fund has a fund that entered the list in the second quarter, holding 2.1124 million shares, which is 0.42% of the circulating shares, with an estimated floating loss of approximately 2.556 million yuan [2] - Huaxia Stable Growth Mixed Fund (519029), managed by Peng Haiwei, was established on August 9, 2006, and has a latest scale of 1.146 billion yuan, with a year-to-date return of 32.05% and a one-year return of 91.36% [2] - The fund has a cumulative return of 463.61% since its inception, with a best return of 81.57% and a worst return of -4.6% during Peng Haiwei's tenure [3]

Group 1 - The company announced a change in its sponsor representative, with Zhang Jun Guo and Li Jun Qing appointed as the new continuous supervision sponsors for the specific object stock issuance in 2022 [2]

Group 1 - The company, Dongfang Tantalum Industry, reported that as of September 19, 2025, it had a total of 39,378 shareholders [2]

本次保荐代表人变更后，公司 2022 年度向特定对象发行股票持 续督导保荐代表人为张俊果和李俊卿，持续督导期限至中国证券监督 管理委员会和深圳证券交易所规定的持续督导义务结束为止。 证券代码：000962 证券简称：东方钽业 公告编号：2025-079 号 宁夏东方钽业股份有限公司 关于更换保荐代表人的公告 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 9 月 22 日收到招商证券股份有限公司（以下简称"招商证券"）出具的《关 于更换保荐代表人的函》。 招商证券作为公司 2022 年度向特定对象发行 A 股股票项目的保 荐机构，原委派张俊果和陈春昕担任保荐代表人负责持续督导工作， 法定持续督导期间至 2024 年 12 月 31 日。但鉴于公司本次向特定 对象发行股票募集资金尚未使用完毕，根据中国证券监督管理委员会 和深圳证券交易所相关规定，招商证券仍需对公司募集资金的管理和 使用继续履行持续督导职责，直至募集资金使用完毕。 现由于陈春昕工作调整将不再负责公司募集资金持续督导工作， 为保证持续督导 ...

Group 1 - The number of shareholders for Dongfang Tantalum decreased to 39,378 as of September 20, representing a decline of 3,356 shareholders or 7.85% compared to the previous period [2] - This marks the third consecutive period of decline in the number of shareholders for the company [2] - The latest stock price for Dongfang Tantalum is 24.14 yuan, down 0.45%, with a cumulative increase of 5.88% since the concentration of shares began [2] Group 2 - For the first half of the year, Dongfang Tantalum reported total revenue of 797 million yuan, reflecting a year-on-year growth of 34.45% [2] - The net profit for the same period was 145 million yuan, which is a year-on-year increase of 29.08% [2] - The basic earnings per share were 0.2886 yuan, and the weighted average return on equity was 5.43% [2]

Group 1 - The core viewpoint of the news is the significant increase in the stock price of Dongfang Tantalum Industry, which rose by 6.08% to 24.59 CNY per share, with a trading volume of 178 million CNY and a turnover rate of 1.50%, resulting in a total market capitalization of 12.415 billion CNY [1] - Dongfang Tantalum Industry, established on April 30, 1999, and listed on January 20, 2000, specializes in the research, production, and sales of tantalum, niobium, beryllium metals, and alloy products, with 98.36% of its main business revenue coming from tantalum and niobium alloy products [1] - The company has a diversified revenue structure, with minor contributions from titanium and titanium alloy products (1.30%) and other categories (0.34% and 0.01%) [1] Group 2 - From the perspective of major fund holdings, Guotou Ruijin Fund has a significant position in Dongfang Tantalum Industry, with its Guotou Ruijin Economic Driven Mixed A Fund (017749) increasing its holdings by 35,900 shares in the second quarter, totaling 423,400 shares, which represents 3.25% of the fund's net value [2] - The Guotou Ruijin Economic Driven Mixed A Fund, established on March 14, 2023, has a current scale of 100 million CNY and has achieved a year-to-date return of 37.64%, ranking 1934 out of 8172 in its category, with a one-year return of 58.39%, ranking 2466 out of 7980 [2] - The fund manager, Tang Yan, has been in charge for 2 years and 191 days, with the fund's total asset size at 21.4 million CNY, achieving a best return of 47.28% and a worst return of 45.09% during his tenure [3]

Group 1 - The core point of the news is that Dongfang Tantalum Industry Co., Ltd. experienced a stock price increase of 6.08%, reaching 24.59 CNY per share, with a trading volume of 178 million CNY and a turnover rate of 1.50%, resulting in a total market capitalization of 12.415 billion CNY [1] - Dongfang Tantalum Industry, established on April 30, 1999, and listed on January 20, 2000, specializes in the research, production, and sales of tantalum, niobium, and beryllium metal and alloy products, with 98.36% of its main business revenue coming from tantalum and niobium alloy products [1] - The company has a diversified revenue structure, with 1.30% from titanium and titanium alloy products, and 0.34% from other sources [1] Group 2 - Huatai-PB Fund has a significant holding in Dongfang Tantalum, with the Huatai-PB CSI 2000 Index Enhanced A Fund (019923) holding 159,100 shares, accounting for 0.64% of the fund's net value, ranking as the ninth largest holding [2] - The fund has achieved a year-to-date return of 48.17%, ranking 518 out of 4222 in its category, and a one-year return of 113.58%, ranking 267 out of 3805 [2] - The fund was established on January 12, 2024, and has a current scale of 98.4754 million CNY [2]

Group 1 - The company has been actively communicating with investors since the release of its semi-annual report on August 25, with a total of 103 institutional meetings held by September 16, indicating strong investor interest in its performance and future plans [1] - The company plans to raise 1.2 billion yuan through a private placement, with significant support from its actual controller, China Nonferrous Metal Group, and its controlling shareholder, China Nonferrous East Group, which together account for about half of the total funds raised [2] - The company has signed a procurement contract with Taboca for approximately 3,000 tons of iron niobium tantalum alloy raw materials, with an estimated procurement amount of 540 million yuan, enhancing its supply chain autonomy [2] Group 2 - In the first half of 2025, the company achieved operating revenue of 797 million yuan, a year-on-year increase of 34.45%, and a net profit attributable to shareholders of 145 million yuan, up 29.08% year-on-year, driven by strong demand in downstream markets [3] - The high-temperature alloy market has seen rapid growth due to increased demand from gas turbines, aerospace engines, and automotive turbochargers, contributing to the company's performance [3] - The semiconductor sector has experienced explosive growth in demand for tantalum target materials and high-purity tantalum ingots, driven by advancements in AI and computing chips, with the company achieving breakthroughs in production technology [3] Group 3 - The tantalum capacitor market is showing signs of recovery due to the resurgence of the consumer electronics market, while the superconducting materials market is also expanding due to advancements in high-tech fields [4] - The company is constructing a new wet metallurgy production line to address outdated equipment and insufficient capacity, which is expected to enhance its production capabilities [4] - The company aims to establish a "three-tier product hierarchy" strategy to ensure supply chain security and competitive advantages, focusing on raw material supply, core products, and future growth points [4]

（文章来源：证券日报） 证券日报网讯东方钽业9月17日发布公告，在公司回答调研者提问时表示，公司实际控制人中国有色矿 业集团有限公司旗下中色经贸有限公司完成了巴西Taboca公司的约束性股权收购事项。2025年4月，公 司已与Taboca公司签署了《铁钽铌合金采购合同》，拟采购约3000吨铁铌钽合金原材料，采购金额预计 为5.4亿元人民币，在钽铌矿石原料供应上实现了自主可控。同时公司拥有矿石湿法冶炼到钽铌制品生 产加工的全流程生产线，形成从原材料到传统产品的供应链保障，并不断向高端产品突破的全链条进行 升级改造。 ...