Core Viewpoint - Dongfang Tantalum Industry (000962) is focusing on its main business of tantalum and niobium, while actively working on exiting from non-core investments [1] Group 1 - The company has been continuously concentrating on its tantalum and niobium main business in recent years [1] - Dongfang Tantalum is advancing the process of exiting from certain non-core affiliated companies [1]

Core Viewpoint - The company emphasizes its long-standing expertise in tantalum and niobium materials and its commitment to ensuring a stable supply chain for its products, particularly in the context of its partnership with Blue Arrow Aerospace [1] Group 1: Company Background - The company has been engaged in the tantalum and niobium materials sector for sixty years, possessing a complete industrial chain for the smelting and processing of these materials [1] - The company has accumulated significant technical expertise over the years, which supports its operations and product development [1] Group 2: Market Strategy - The company is aware of the potential applications of tantalum and niobium new materials in emerging fields and is increasing its investment in research and market expansion [1] - The company plans to closely monitor industry trends and focus on its core responsibilities, leveraging its full industrial chain advantages to seize development opportunities [1] Group 3: Supply Chain Assurance - The company is accelerating the advancement of new technical transformation projects to ensure the safety of the tantalum and niobium materials supply chain [1]

Group 1 - The core viewpoint of the news is that Dongfang Tantalum Industry has shown significant stock price growth and positive financial performance in recent months, indicating a strong market position and investor interest [1][2]. - As of January 5, the stock price of Dongfang Tantalum Industry increased by 2.51%, reaching 33.89 CNY per share, with a total market capitalization of 17.11 billion CNY [1]. - The company has experienced a stock price increase of 13.16% over the past five trading days, 26.69% over the past 20 days, and 30.65% over the past 60 days [1]. Group 2 - For the period from January to September 2025, Dongfang Tantalum Industry achieved a revenue of 1.199 billion CNY, representing a year-on-year growth of 33.90%, and a net profit attributable to shareholders of 208 million CNY, also reflecting a growth of 33.43% [2]. - The company has distributed a total of 383 million CNY in dividends since its A-share listing, with 91.899 million CNY distributed in the last three years [3]. - As of September 30, 2025, the top ten circulating shareholders of Dongfang Tantalum Industry included Hong Kong Central Clearing Limited, which increased its holdings by 410,600 shares [3].

Core Viewpoint - Ningxia has made significant strides in nurturing specialized and innovative small and medium-sized enterprises (SMEs), with 29 national-level "little giant" enterprises and 579 specialized and innovative SMEs by 2025, reflecting a robust foundation for high-quality economic development [1][2]. Group 1: Industrial Development - By 2025, Ningxia's industrial sector has successfully cultivated 29 national-level specialized and innovative "little giant" enterprises and 579 specialized and innovative SMEs, indicating a solid step in nurturing quality SMEs [1]. - The region's approach involves a clear path of "policy guidance—gradual cultivation—innovation-driven—ecological empowerment," leading to the emergence of numerous enterprises that excel in niche markets and possess strong innovation capabilities [1][3]. Group 2: Policy Framework - The strategic plan for fostering specialized and innovative SMEs includes an implementation opinion set to be released in 2024, aiming to cultivate 100 innovative SMEs, 50 specialized and innovative SMEs, and 1-3 "little giant" enterprises annually by 2027 [2]. - A series of supportive measures have been introduced to assist enterprises in key areas such as R&D, finance, and transformation, creating a comprehensive support system for climbing the specialized and innovative ladder [3][4]. Group 3: Financial Support and Services - Since 2025, Ningxia has issued 1.1 billion yuan in fixed asset loan interest subsidies for 61 projects, secured 2.3 billion yuan in national bond funding for 23 projects, and provided tax reductions totaling 9.6 billion yuan for 335 enterprises [4]. - The online public service platform for enterprises has been continuously upgraded, facilitating the dissemination of 3,958 policy-related announcements and 959,000 policy information pieces to over 10,000 enterprises [4]. Group 4: Innovation and Technology - The region's innovation efforts have led to significant breakthroughs, such as the near-complete recovery of waste materials in the photovoltaic industry, enhancing material recovery rates from around 70% to nearly 100% [5][6]. - Ningxia's specialized and innovative enterprises have achieved an average R&D intensity exceeding 5%, contributing over 70% of the region's innovation outcomes [7]. Group 5: Collaborative Ecosystem - The establishment of a collaborative ecosystem has enabled specialized and innovative enterprises to effectively address critical challenges in their respective fields, fostering a network of innovation that integrates technology, industry, talent, and policy [6][7]. - The "chain master" model has been successfully implemented, allowing SMEs to integrate into supply chains of major enterprises, enhancing market stability and technological advancement [8][9]. Group 6: Industrial Clusters - Ningxia has developed seven distinctive industrial clusters, including new materials and fine chemicals, with the fine chemical industry cluster in Zhongwei successfully advancing to a national level [9]. - Within these clusters, enterprises benefit from shared resources and knowledge, reducing innovation costs and risks while enhancing overall competitiveness [9].

Core Viewpoint - The increasing institutional interest in Dongfang Tantalum Industry Co., Ltd. reflects a re-evaluation of the value of strategic rare metals, particularly tantalum and niobium, in high-tech applications and the company's strategic moves to secure its supply chain and expand production capacity [1][2][4] Company Overview - Dongfang Tantalum primarily engages in the research, production, sales, and import-export of rare metals such as tantalum and niobium, with products widely used in electronics, communications, aerospace, metallurgy, and other fields [1][2] Institutional Interest - The company has reported a total of 27 investor activity records this year, indicating a growing institutional focus on its operations and the strategic rare metals sector [1] - The frequency of institutional research is closely linked to industry prosperity, company strategy, and market expectations, highlighting the company's position as a leader in the tantalum and niobium industry [1] Supply Chain Developments - To address resource bottlenecks, Dongfang Tantalum has made significant upstream investments, including a binding equity acquisition of Brazil's Taboca Mining Company, which owns a multi-metal mine and related facilities [2] - The company has signed a procurement contract for approximately 3,000 tons of iron niobium tantalum alloy raw materials, valued at approximately 540 million yuan, ensuring a stable supply chain for tantalum and niobium ore [2] Production Capacity Expansion - Dongfang Tantalum plans to raise approximately 1.19 billion yuan for projects aimed at upgrading production capacity, including the construction of a digital factory for tantalum and niobium wet metallurgy and the renovation of existing production lines [3] - The urgency for expansion is driven by increasing domestic demand for high-value products in high-tech sectors, necessitating new projects to meet market needs [3] Industry Outlook - The demand for tantalum and niobium materials is expected to grow significantly, driven by the expansion of the new energy and semiconductor industries, as well as their irreplaceable roles in key applications [4] - There is a notable structural differentiation in industry growth, with high-end applications in semiconductors and aerospace showing faster demand growth compared to traditional sectors, leading to higher profit margins for high-purity tantalum and niobium products [4]

（记者 王晓波） 每经AI快讯，有投资者在投资者互动平台提问：东方钽业重要分/子公司包括宇发高温材料分公司。请 问这宇发高温材料分公司有哪些高科技产品？销量如何？有计划做大产能吗？ 东方钽业（000962.SZ）12月31日在投资者互动平台表示，公司设立的宇发高温材料分公司，主要产品 为高温涂层产品和高温金属材料等。 ...

Group 1 - The A-share market saw a significant rise in non-ferrous metal stocks, particularly copper, with Jiangxi Copper leading the gains at nearly 9% [1] - The London Metal Exchange (LME) copper price increased by 2.7% to $12,550 per ton, reaching a historical high of $12,960 [1] - The annual cumulative increase in copper prices is approximately 43%, potentially marking the largest annual gain since 2009 [1] Group 2 - Jiangxi Copper's market capitalization is 189.4 billion, with a year-to-date increase of 175.86% [2] - Silver Bond's stock rose by 6.58%, with a market cap of 12.8 billion and a year-to-date increase of 39.88% [2] - Yunnan Copper's stock increased by 4.94%, with a market cap of 40.9 billion and a year-to-date increase of 70.80% [2]

Group 1 - The A-share market saw a significant rise in non-ferrous metal stocks, particularly in copper, with Jiangxi Copper rising nearly 9% and Yunnan Copper increasing by almost 5% [1] - International copper prices are expected to experience a strong increase by 2025, with LME copper rising 2.7% to $12,550 per ton, previously reaching a historical high of $12,960 [1] - The annual cumulative increase in copper prices is approximately 43%, potentially marking the largest annual increase since 2009, which saw a rise of over 140% [1] Group 2 - Jiangxi Copper's market capitalization is 189.4 billion, with a year-to-date increase of 175.86% [2] - Silver Bond's market capitalization is 12.8 billion, with a year-to-date increase of 39.88% [2] - Western Materials has a market capitalization of 22.2 billion, with a year-to-date increase of 161.40% [2] - Yunnan Copper's market capitalization is 40.9 billion, with a year-to-date increase of 70.80% [2] - Tongling Nonferrous's market capitalization is 80.6 billion, with a year-to-date increase of 93.98% [2]

Group 1 - The company held its 28th meeting of the 9th Board of Directors on December 30, 2025, with all 9 directors present, complying with legal and regulatory requirements [2] - The Board approved the proposal to postpone certain fundraising investment projects, specifically extending the deadline for the "Tantalum-Niobium Pyrometallurgical Product Production Line Technical Transformation Project" to June 30, 2026 [3][14] - The company plans to continue using the raised funds for their intended purposes without changing the project implementation主体, methods, locations, or investment scale [11][34] Group 2 - The company raised a total of RMB 674.63 million through the issuance of 59,281,818 shares at a price of RMB 11.38 per share, with a net amount of RMB 670.20 million after deducting fees [6][30] - As of September 30, 2025, the company has utilized the raised funds for various projects, including the completion of the "Tantalum-Niobium Plate and Strip Production Line Technical Transformation Project" and the "Annual Production of 100 Niobium Superconducting Cavities Production Line Technical Transformation Project," with surplus funds of RMB 10.09 million being permanently allocated to working capital [8][32] Group 3 - The delay in the project is attributed to the late arrival of key imported equipment and the need for custom technical solutions, which have impacted the project's timeline [9][10] - The company has stated that the delay will not have a significant adverse effect on its normal operations and aligns with its long-term development strategy [11][34] - The company will closely monitor the progress of equipment procurement and overall construction to ensure timely completion of the projects [12][35] Group 4 - The Board has proposed to reappoint Tianzhi International Accounting Firm for the 2025 annual financial report and internal control audit, pending approval from the shareholders' meeting [18][28] - Tianzhi International has a strong track record and is qualified to provide the necessary audit services, with no significant issues in its recent performance [19][27]

证券日报网讯 12月30日，东方钽业发布公告称，公司于2025年12月30日召开第九届董事会第二十八次 会议，审议通过了《关于拟续聘2025年度会计师事务所的议案》，董事会同意拟续聘天职国际会计师事 务所（特殊普通合伙）为公司2025年度财务报告及内部控制审计机构，本事项尚需提交公司股东会审议 通过。 （编辑 任世碧） ...