Financial Performance - Total operating revenue for the first half of 2024 reached RMB 1,813,833,245.24, an increase of 5.23% compared to RMB 1,723,664,508.27 in the same period last year[3] - Operating profit rose to RMB 133,973,988.75, marking a 32.23% increase from RMB 101,318,020.85 year-on-year[3] - Net profit attributable to shareholders increased by 29.38% to RMB 111,836,227.59, up from RMB 86,442,119.99 in the previous year[3] - The net profit after deducting non-recurring gains and losses surged by 70.10% to RMB 111,298,679.77, compared to RMB 65,431,237.72 in the same period last year[3] - Basic earnings per share improved to 0.09, reflecting a 28.57% increase from 0.07[3] - The weighted average return on net assets increased by 1.05 percentage points to 5.35% from 4.30% year-on-year[3] Assets and Equity - Total assets at the end of the reporting period were RMB 4,950,978,859.46, a 1.54% increase from RMB 4,875,765,322.21 at the beginning of the period[3] - Shareholders' equity attributable to the parent company rose to RMB 2,074,915,376.76, up 1.88% from RMB 2,036,676,415.39[3] Growth Drivers - The company attributed its performance growth to increased sales of hard alloy products, rising product prices, and improved gross margins[6] - The company has been recognized as an advanced manufacturing enterprise, benefiting from a 5% input tax credit, which positively impacted its operating performance[6]

证券代码：002378 证券简称：章源钨业 编号：2024-046 崇义章源钨业股份有限公司 关于控股股东部分股份解除质押的公告 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。 崇义章源钨业股份有限公司（以下简称"本公司"）于 2024 年 6 月 27 日接到 控股股东崇义章源投资控股有限公司（以下简称"章源控股"）函告，获悉章源控 股所持本公司的部分股份解除质押，具体事项如下： 2．股东股份累计质押的基本情况 截至本公告披露日，上述股东及其一致行动人所持质押股份情况如下： | | | | | | | | 已质押股份情况 | | | 未质押股份情况 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 本次解除质 | 本次解除质 | 占其所 | 占公司 | 已质押 | | 未质押 | | | 股东 | 持股数量 | 持股 | 押前质押股 | 押后质押股 | | | 股份限 | 占已质 | 股份限 | 占未质 | | | | | | | 持股份 | 总股本 | ...

证券代码：002378 证券简称：章源钨业 编号：2024-044 3. 本次实施的利润分配方案，与公司 2023 年度股东大会审议通过的分配方 案一致。 崇义章源钨业股份有限公司 2023 年年度权益分派实施公告 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。 崇义章源钨业股份有限公司（以下简称"公司"或"本公司"）2023 年年度权益 分派方案，已获 2024 年 5 月 14 日召开的 2023 年度股东大会审议通过，现将权 益分派事宜公告如下： 一、股东大会审议通过利润分配方案情况 1. 公司 2023 年度股东大会审议通过的利润分配方案具体内容：以 2023 年 12 月 31 日公司总股本 1,201,417,666 股为基数，向全体股东按每 10 股派现金红 利 0.60 元（含税），本次共派发现金红利 72,085,059.96 元，送红股 0 股，不以公 积金转增股本，剩余未分配利润结转以后年度。若公司在 2023 年度利润分配方 案实施前，公司总股本由于可转债转股、股份回购、股权激励行权、再融资新增 股份上市等原因而发生变化，公司将根据分红 ...

证券代码：002378 证券简称：章源钨业 编号：2024-043 崇义章源钨业股份有限公司 通过深圳证券交易所交易系统进行网络投票的具体时间为：2024 年 5 月 14 日 9:15-9:25、9:30-11:30 和 13:00-15:00。 2023 年度股东大会决议公告 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。 特别提示： 1. 本次股东大会未出现否决议案的情形。 2. 本次股东大会未涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 1. 会议召开时间： （1）现场会议召开时间：2024 年 5 月 14 日（星期二）14:30 （2）网络投票时间： 通过深圳证券交易所互联网投票系统的投票时间为 2024 年 5 月 14 日 9:15 至 15:00 期间的任意时间。 2. 现场会议召开地点：江西省赣州市崇义县城塔下崇义章源钨业股份有限 公司二楼多媒体会议室。 3. 会议召开方式：本次股东大会采用现场表决与网络投票相结合的方式召 开。 4. 会议召集人：公司董事会 5. 会议主持人：公司董事、总经理黄世春先生 6. 本次会议的召集、 ...

国浩律师（上海）事务所 法律意见书 国浩律师（上海）事务所 关于崇义章源钨业股份有限公司 2023 年度股东大会的法律意见书 致：崇义章源钨业股份有限公司 国浩律师（上海）事务所（以下简称"本所"）担任崇义章源钨业股份有限公 司（以下称"公司"或"章源钨业"）之特聘法律顾问，根据《中华人民共和国公司 法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券 法》"）等法律、法规和《上市公司股东大会规则》（以下称"《股东大会规则》"） 及《崇义章源钨业股份有限公司章程》（以下称"公司《章程》"）等有关规定， 指派金诗晟律师、陆伟律师出席并见证了公司于2024年5月14日（星期二）下午 14:30在江西省赣州市崇义县城塔下崇义章源钨业股份有限公司二楼多媒体会议 室召开的2023年度股东大会（以下简称"本次股东大会"），对本次股东大会的召 集、召开程序、出席人员资格、会议表决程序等事宜进行了审查。 本所依据本法律意见书出具日之前已经发生或存在的事实及中国现行法律、 法规及规范性文件发表法律意见。 本所同意将本法律意见书作为公司本次股东大会公告的法定文件，随公司其 他公告一并提交深圳证券交易所审查并 ...

证券代码：002378 证券简称：章源钨业 编号：2024-042 崇义章源钨业股份有限公司 关于参加江西辖区上市公司 2024 年投资者 网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流，崇义章源钨业股份有限公司（以下简称 “公司”）将参加由江西省上市公司协会与深圳市全景网络有限公司联合举办的 “2024 年江西辖区上市公司投资者集体接待日活动”，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，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，活动时间为2024 年 5月 17 日（周五）15:00-17:00。 届时公司高管将在线就公司 2023 年度业绩、公司治理、发展战略、经营状 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 与交流。欢迎广大投资者踊跃参与！ 特此公告。 ...

崇义章源钨业股份有限公司 关于控股股东部分股份解除质押及再质押的公告 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。 一、控股股东股份质押基本情况 崇义章源钨业股份有限公司（以下简称"本公司"）于 2024 年 4 月 30 日接到 控股股东崇义章源投资控股有限公司（以下简称"章源控股"）函告，获悉章源控 股所持本公司的部分股份解除质押及再质押，具体事项如下： 证券代码：002378 证券简称：章源钨业 编号：2024-041 1 | | | | 本次解除 | 本次解除 | | | 已质押股份情况 | | | 未质押股份情况 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 质押及再 | 质押及再 | 占其所 | 占公司 | 已质押 | | 未质押 | | | 股东 | 持股数量 | 持股 | | | | | 股份限 | 占已质 | 股份限 | 占未质 | | 名称 | | | 质押前质 | 质押后质 | 持股份 | 总股本 | | | | | | | （ ...

Financial Performance - The company's operating revenue for Q1 2024 was ¥873,946,805.15, representing a 6.23% increase compared to ¥822,676,918.20 in the same period last year[4] - The net profit attributable to shareholders decreased by 22.42% to ¥27,206,530.54 from ¥35,070,909.23 year-on-year[4] - Basic and diluted earnings per share both fell by 33.33% to ¥0.02 from ¥0.04 in the same period last year[5] - Net profit for Q1 2024 was CNY 26,736,401.99, a decrease of 23.9% from CNY 35,164,947.24 in Q1 2023[34] - The total comprehensive income for the first quarter of 2024 was CNY 26,736,531.90, compared to CNY 35,262,312.42 in the same period last year, reflecting a decrease of approximately 24.5%[35] Cash Flow - The net cash flow from operating activities was negative at ¥175,851,809.83, worsening by 20.26% compared to the previous year[5] - Net cash flow from operating activities decreased by CNY 29.62 million, a change of 20.26%, primarily due to an increase in VAT and corporate income tax paid by the parent company compared to the same period last year[21] - Cash inflow from sales of goods and services was CNY 569,656,036.88, down from CNY 584,134,303.17 year-on-year, representing a decrease of approximately 2.5%[37] - The company reported a total cash outflow from operating activities of CNY 752,901,951.80, which is an increase from CNY 739,355,669.21 in the previous year, indicating a rise of about 1.9%[38] - The net cash flow from investing activities was CNY -78,527,232.99, compared to CNY -18,454,654.21 in the previous year, showing a significant increase in cash outflow[39] - The net cash flow from financing activities was CNY 87,093,545.16, an increase from CNY 69,102,935.24 in the previous year, indicating a growth of about 26%[39] Assets and Liabilities - Total assets decreased by 2.06% to ¥4,775,459,176.14 from ¥4,875,765,322.21 at the end of the previous year[5] - Current liabilities totaled CNY 1,940,592,569.66, down from CNY 2,161,980,403.99 in the previous year, indicating a reduction of 10.2%[30] - The company's total liabilities increased significantly, with a notable rise in borrowings received amounting to CNY 729,995,000.00, compared to CNY 364,010,000.00 in the previous year, reflecting a growth of approximately 100.5%[39] Equity - The company's equity attributable to shareholders increased by 1.30% to ¥2,063,190,015.01 from ¥2,036,676,415.39 at the end of the previous year[5] - The company reported a decrease in total equity attributable to shareholders to CNY 2,063,190,015.01 from CNY 2,036,676,415.39 year-over-year, a decline of 1.3%[31] Expenses - Total operating costs for Q1 2024 were CNY 826,126,585.79, up from CNY 771,245,995.00 in the same period last year, reflecting a year-over-year increase of 7.1%[33] - Sales expenses rose by 39.41% to ¥1,485.95 million, attributed to increased personnel costs and travel expenses for the sales team[17] - Research and development expenses for Q1 2024 were CNY 14,502,565.72, slightly down from CNY 15,337,025.21 in Q1 2023[33] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 53,749[24] - The largest shareholder, Chongyi Zhangyuan Investment Holding Co., Ltd., holds 60.65% of the shares, totaling 728,616,456 shares, with 427,600,000 shares pledged[24] Other Financial Metrics - The company experienced a 537.44% increase in lease liabilities, reaching ¥320.95 million, due to new property leases[14] - Asset impairment losses increased by CNY 3.55 million, a change of 88.58%, due to an increase in inventory impairment provisions compared to the same period last year[18] - Operating profit decreased by CNY 7.61 million, a decline of 18.47%; total profit decreased by CNY 7.01 million, a decline of 17.39%; net profit decreased by CNY 8.43 million, a decline of 23.97% compared to the same period last year[18] - Cash inflow from investment activities decreased by CNY 649,400, a decline of 41.47%, due to a decrease in cash received from the disposal of fixed assets compared to the same period last year[22] - Cash outflow from investment activities increased by CNY 59.42 million, an increase of 296.81%, due to increased investment in technological transformation projects[22] - Cash inflow from financing activities increased by CNY 390.99 million, an increase of 107.34%, due to an increase in bank loans and the recovery of loan guarantees compared to the same period last year[22] - Cash outflow from financing activities increased by CNY 372.99 million, an increase of 126.37%, due to an increase in loan repayments and payments for loan guarantees compared to the same period last year[22]

1. 会议召开时间：2024 年 5 月 13 日（星期一）16:00-17:00 证券代码：002378 证券简称：章源钨业 编号：2024-040 崇义章源钨业股份有限公司 关于举办 2023 年度暨 2024 年第一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。 崇义章源钨业股份有限公司（以下简称"公司"）分别于 2024 年 4 月 23 日、 2024 年 4 月 30 日在巨潮资讯网（http://www.cninfo.com.cn）披露了《2023 年年 度报告全文》《2024 年第一季度报告》。为便于广大投资者更加全面深入地了解 公司经营业绩、发展战略等情况，公司定于 2024 年 5 月 13 日（星期一）16:00- 17:00，在"价值在线"（www.ir-online.cn）举办公司 2023 年度暨 2024 年第一季度 业绩说明会，与投资者进行沟通和交流，广泛听取投资者的意见和建议。具体事 宜如下： 一、本次业绩说明会召开的时间、地点和方式 为充分尊重投资者，提升交流的针对性，广泛听取投资者的意见和建议，投 资 ...

Investment Rating - The report maintains a "Recommended" rating for the company [7][66]. Core Views - The company benefits from rising tungsten prices, with expectations for continued growth in its cutting tool business [4][66]. - In 2023, the company achieved a revenue of 3.4 billion yuan, a year-on-year increase of 6.15%, while net profit attributable to shareholders decreased by 29.21% to 144 million yuan [1][17]. - The company has a strong resource base, with tungsten reserves of 94,600 tons, tin reserves of 17,600 tons, and copper reserves of 12,900 tons [4][54]. Summary by Sections 1. Event Overview - In 2023, the company reported a revenue of 3.4 billion yuan, up 6.15% year-on-year, and a net profit of 144 million yuan, down 29.21% year-on-year [1][17]. 2. Commentary: Mining Benefits from Rising Tungsten Prices - The company increased its tungsten concentrate production to 4,154 tons, a 5.64% increase year-on-year, and tin production to 882 tons, a 6.23% increase year-on-year [2][21]. - The company’s gross margin decreased by 0.55 percentage points to 15.03% in 2023, despite a 5% increase in tungsten market prices [3][22]. 3. Future Core Highlights - The company has low mining costs and is well-positioned to benefit from rising tungsten prices, with significant mining rights and exploration areas [4][54]. - The cutting tool segment is expected to be a major growth driver, with the subsidiary Ganzhou Aoketai achieving a 27.66% increase in cutting tool sales volume [4][64]. 4. Profit Forecast and Investment Recommendations - The company is projected to achieve net profits of 214 million yuan, 287 million yuan, and 357 million yuan for 2024, 2025, and 2026, respectively, with corresponding PE ratios of 37, 28, and 22 [4][66].