报告期，钨原料市场供应偏紧，市场需求增加，钨原料价格大幅上涨。公司充分发挥钨全产业链协同优 势，不断提升产品性能，优化产能布局，稳定供货保障能力，实现了产量销量的同步增长。2025 年公 司营业收入、归属于上市公司股东的净利润均实现较大幅度增长。公司将始终以稳健经营为核心，持续 推进高质量发展。 格隆汇1月28日丨章源钨业(002378.SZ)公布，预计2025年归属于上市公司股东的净利润26,000万元— 32,000万元，比上年同期增长51%—86%，扣除非经常性损益后的净利润27,000万元—33,000万元，比上 年同期增长50%—83%。 ...

证券代码：002378 证券简称：章源钨业 公告编号：2026-003 崇义章源钨业股份有限公司 股票交易异常波动公告 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、股票交易异常波动的情况介绍 崇义章源钨业股份有限公司（以下简称"公司"或"本公司"）股票（股票简称： 章源钨业，股票代码：002378）于 2026 年 1 月 26 日、2026 年 1 月 27 日、2026 年 1 月 28 日，连续 3 个交易日收盘价格涨幅偏离值累计达到 20%，根据《深圳 证券交易所股票上市规则》的规定，属于股票交易异常波动的情况。 二、说明关注、核实情况 针对公司股票交易异常波动，公司就以下事项与有关人员通过函询等方式进 行了核实，现将核实情况说明如下： 1. 公司前期披露的信息不存在需要更正、补充之处。 三、是否存在应披露而未披露信息的说明 本公司董事会确认，本公司目前没有任何根据《深圳证券交易所股票上市规 则》等有关规定应予以披露而未披露的事项或与该事项有关的筹划、商谈、意向、 1 协议等；董事会也未获悉本公司有根据《深圳证券交易所股票上市规则》等有关 规定 ...

章源钨业公告，预计2025年度净利润为2.6亿元—3.2亿元，同比增长51%—86%。报告期内，钨原料市 场供应偏紧，市场需求增加，钨原料价格大幅上涨。公司充分发挥钨全产业链协同优势，不断提升产品 性能，优化产能布局，稳定供货保障能力，实现了产量销量的同步增长。 ...

2．业绩预告情况：预计净利润为正值且属于同向上升 50%以上情形 以区间数进行业绩预告 证券代码：002378 证券简称：章源钨业 公告编号：2026-002 崇义章源钨业股份有限公司 2025 年度业绩预告 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、本期业绩预计情况 1．业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日。 四、风险提示 本次业绩预告为公司财务部门初步测算的结果，未经审计机构审计，具体财 务数据将在公司 2025 年年度报告中详细披露。敬请广大投资者注意投资风险。 特此公告。 崇义章源钨业股份有限公司董事会 | 项目 | | 本报告期 | | 上年同期 | | | --- | --- | --- | --- | --- | --- | | 归属于上市公司股东的净利润 | 盈利：26,000 | 万元—32,000 | 万元 | 17,203 | 万元 | | | 比上年同期增长：51%—86% | | | | | | 扣除非经常性损益后的净利润 | 盈利：27,000 | 万元—33,000 | 万元 | ...

1月28日，章源钨业盘中下跌2.08%，截至09:59，报23.04元/股，成交8.14亿元，换手率2.92%，总市值 276.81亿元。 截至9月30日，章源钨业股东户数9.81万，较上期增加80.69%；人均流通股12185股，较上期减少 44.66%。2025年1月-9月，章源钨业实现营业收入38.78亿元，同比增长37.38%；归母净利润1.90亿元， 同比增长29.71%。 分红方面，章源钨业A股上市后累计派现8.62亿元。近三年，累计派现2.69亿元。 机构持仓方面，截止2025年9月30日，章源钨业十大流通股东中，香港中央结算有限公司位居第二大流 通股东，持股1300.64万股，相比上期增加422.07万股。银华心佳两年持有期混合（010730）位居第四大 流通股东，持股619.86万股，持股数量较上期不变。南方中证1000ETF（512100）位居第五大流通股 东，持股549.07万股，相比上期减少3.72万股。华夏中证1000ETF（159845）位居第九大流通股东，持 股326.46万股，相比上期减少4100.00股。广发中证1000ETF（560010）位居第十大流通股东，持股 254. ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 920068 | 天工股份 | 20.11 | -1.52% | 9.88万 | 2.05亿 | | 002738 | 中矿资源 | 95.14 | -1.41% | 27.23万 | 26.57 Z | | 600456 | 宝钛股份 | 40.60 | -1.36% | 29.54万 | 12.17亿 | | 002149 | 西部材料 | 43.55 | -0.02% | 110.51万 | 48.15 乙 | | 600281 | 华阳新材 | 6.62 | 0.61% | 44.60万 | 2.96.Z | | 002182 | 宝武镁业 | 20.28 | 0.70% | 77.05万 | 15.67亿 | | 688750 | 金天钛业 | 21.47 | 1.08% | 15.95万 | 3.47亿 | | 000962 | 东方辑业 | 39.58 | 1.72% | 30.39万 | 12.15 乙 | | 600111 | 北 ...

Group 1: Copper - The LME copper price increased by 0.25% to $12,840.0 per ton, while the Shanghai copper price rose by 0.57% to ¥101,300 per ton [1] - Copper concentrate processing fees fell to -$49.79 per ton, and national copper inventory increased by 2.9% week-on-week, with a year-on-year increase of 203,000 tons [1][13] - The operating rate of copper cable enterprises increased by 2.72 percentage points to 58.71%, with a year-on-year increase of 15.87% [1][13] Group 2: Aluminum - The LME aluminum price rose by 0.29% to $3,137.5 per ton, and the Shanghai aluminum price increased by 1.53% to ¥24,300 per ton [2][14] - The operating rate of domestic aluminum processing enterprises fell by 6.3 percentage points to 51.1% due to the upcoming Spring Festival [2][14] - Electrolytic aluminum ingot inventory decreased by 6,000 tons to 743,000 tons [2][14] Group 3: Gold - COMEX gold price increased by 6.88% to $4,938.4 per ounce, with SPDR gold holdings rising by 4.86 tons to 1,079.66 tons [3][15] - Geopolitical risks have led to a strong fluctuation in the gold market [3][15] - The 10-year TIPS yield decreased by 0.07 percentage points to 1.95% [3][15] Group 4: Rare Earths - The price of praseodymium and neodymium oxide decreased by 0.25% to ¥672,700 per ton [4][36] - December exports of rare earth permanent magnets increased by 7% year-on-year, indicating a recovery in exports [4][36] - The rare earth sector is expected to see upward price momentum due to supply constraints and favorable export conditions [4][36] Group 5: Tungsten - Tungsten prices increased by 5.54% this week, supported by tight supply conditions [4][38] - The establishment of a $2.5 billion "strategic resilience reserve" in the U.S. may elevate tungsten's priority [4][38] - The price of ammonium paratungstate rose by 6.06% to ¥790,500 per ton [4][38] Group 6: Tin - Tin prices increased by 2.19% to ¥423,700 per ton, with inventory rising by 1.79% to 9,720 tons [4][38] - Supply from Indonesia and Myanmar remains below expectations, supporting an upward price trend [4][38] - The demand outlook is positive due to recovery in semiconductor and photovoltaic sectors [4][38] Group 7: Lithium - The average price of lithium carbonate rose by 0.8% to ¥159,500 per ton, while lithium hydroxide increased by 2.0% to ¥156,900 per ton [4][63] - Lithium production decreased slightly, with total output at 22,200 tons, down by 40 tons [4][63] - The market is experiencing strong demand, with signs of pre-holiday stocking [4][63] Group 8: Cobalt - Cobalt prices decreased by 3.7% to ¥437,000 per ton, while cobalt intermediate prices increased by 1.5% to $25.75 per pound [5][65] - Supply tightness is expected to persist, with domestic prices showing upward momentum [5][65] - The market structure remains tight due to limited liquidity and long transportation cycles [5][65]

Investment Rating - The investment rating for the small metals industry is "Positive" (maintained) [5] Core Views - The supply-demand tension continues, with tungsten and tin prices breaking historical highs [4] - Rare earth elements are experiencing a supply tightness, leading to increased prices, particularly for praseodymium and neodymium oxide, which rose by 7.69% to 672,500 CNY/ton [12] - Molybdenum prices are expected to stabilize due to cost support and improved supply-demand dynamics, despite a recent decline [23] - Tungsten prices are at historical highs due to supply contraction and price increases in long-term contracts [30] - Tin prices are strong due to macroeconomic factors and ongoing supply disruptions, with SHFE tin rising by 21.85% to 429,600 CNY/ton [33] - Antimony prices are fluctuating, awaiting signals for export recovery, with recent increases noted [42] Summary by Sections Rare Earths - Praseodymium and neodymium oxide prices increased by 7.69% to 672,500 CNY/ton, while dysprosium decreased by 1.39% to 1,420,000 CNY/ton [12][4] - The supply side remains tight due to policy and supply constraints, while demand from downstream magnetic material companies has shifted from just-in-time purchasing to stockpiling [4] Molybdenum - Molybdenum concentrate prices fell by 1.94% to 4,035 CNY/ton, and molybdenum iron prices decreased by 1.90% to 258,500 CNY/ton [23] - The market sentiment is supported by a stabilization in international molybdenum oxide prices and reduced mine shipments [23] Tungsten - Black tungsten concentrate prices rose by 11.43% to 536,000 CNY/ton, and ammonium paratungstate prices increased by 12.06% to 790,000 CNY/ton [30] - Supply is tightening due to reduced mining quotas and slower production rates, while domestic demand remains stable [30] Tin - SHFE tin prices increased by 21.85% to 429,600 CNY/ton, and LME tin prices rose by 21.73% to 54,200 USD/ton [33] - Supply disruptions from key mining regions and strong demand from traditional and emerging sectors are driving price increases [33] Antimony - Antimony ingot prices rose by 1.26% to 160,500 CNY/ton, and antimony concentrate prices increased by 1.42% to 142,500 CNY/ton [42] - The supply remains tight, and demand is expected to decline as the market approaches the Lunar New Year [42]

证券之星消息，1月22日小金属板块较上一交易日上涨0.06%，西部材料领涨。当日上证指数报收于 4122.58，上涨0.14%。深证成指报收于14327.05，上涨0.5%。小金属板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 301026 | 浩通科技 | 33.03 | -3.93% | 14.73万 | 4.82 乙 | | 002842 | 翔鹭钨业 | 21.78 | -3.63% | 54.40万 | 12.00亿 | | 000962 | 东方银业 | 37.66 | -3.44% | 19.72万 | 7.48亿 | | 002378 | 章源钨业 | 20.05 | -2.67% | 89.36万 | 17.99亿 | | 002182 | 宝武美V | 18.76 | -2.65% | 41.22万 | 7.75亿 | | 0009 ...

进入2026年，钨价持续高位运行，黑钨精矿、白钨精矿等核心品种价格均创历史新高。根据中钨在线数 据，1月21日，65%黑钨精矿价格报52.8万元/标吨，较年初上涨14.8%；65%白钨精矿价格报52.7万元/标 吨，较年初上涨14.8%；钨粉价格报1240元/公斤，较年初上涨14.8%；碳化钨粉价格报1200元/公斤，较 年初上涨15.4%。 上海钢联（300226）铁合金事业部钨业分析师施佳对《证券日报》记者表示，1月中旬以来，钨矿市场 货紧价高，下游终端用户消费热度虽有消退，但终端硬质合金及钨材等钨制品普遍也在通过上调产品售 价转移成本压力，钨价保持坚挺上行趋势。 在钨价持续走强的背景下，产业链上市公司也迎来发展机遇。1月20日，翔鹭钨业（002842）发布业绩 预告，预计公司2025年实现归母净利润1.25亿元至1.80亿元，同比实现扭亏。 翔鹭钨业表示，钨金属原料价格2025年全年持续上涨，钨市场供需情况较往年有所改善。其作为国内主 要钨制品及钨材制造商，对钨产品议价能力提升，原材料价格上涨到下游产品的传导较为顺畅，主要产 品毛利率及毛利显著增长。硬质合金销售订单量同比显著增加，光伏用钨丝产能逐步释放 ...