证券代码：002378 证券简称：章源钨业 崇义章源钨业股份有限公司投资者关系活动记录表 编号：20180511 | --- | --- | --- | |-----------------------|-------------------------------|----------------------------------------------------------| | | | | | 投资者关系活动 | ■ | 特定对象调研 □分析师会议 | | 类别 | □ 媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ 其他 | （请文字说明其他活动内容） | | 参与单位名称及 | 上海六禾创业投资有限公司 | 陈宇 朱莹 | | 人员姓名 | | | | 时间 | 2018 年 5 月 11 日 | 9:30-11:00 | | 地点 | 公司会议室、展厅 | | | 上市公司接待人 员姓名 | | 公司证券事务代表张翠，董事会办公室刘敏、黄淦、刘显伍 | | 投资者关系活动 | 交流内容： | | | 主要内容介绍 | 1. ...

编号：20180614 证券代码：002378 证券简称：章源钨业 | --- | --- | --- | |-----------------------|-------------------------------|----------------------------------------------------------| | | | | | 投资者关系活动 | ■ | 特定对象调研 □分析师会议 | | 类别 | □ 媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ 其他 | （请文字说明其他活动内容） | | 参与单位名称及 | 财通证券股份有限公司 | 李帅华；深圳市凯丰投资管理有限公 | | 人员姓名 | 司 詹高杰 | | | 时间 | 2018 年 6 月 14 日 | 15:50-17:50 | | 地点 | 公司会议室、展厅及生产车间 | | | 上市公司接待人 员姓名 | | 公司证券事务代表张翠，董事会办公室刘敏、刘显伍 | | 投资者关系活动 | 交流内容： | | | 主要内容介绍 | 1. 请介绍一下 ...

证券代码：002378 证券简称：章源钨业 崇义章源钨业股份有限公司投资者关系活动记录表 编号：20181107 | --- | --- | --- | |-----------------------|------------------------------|--------------------------------------------------------| | | | | | 投资者关系活动 | ■ | 特定对象调研 □分析师会议 | | 类别 | □ 媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ 其他 | （请文字说明其他活动内容） | | 参与单位名称及 | 光大证券股份有限公司 | 李伟峰 刘慨昂；光大证券资产管理有 | | 人员姓名 | 限公司 | 陈飞；中信证券股份有限公司 商力；恒泰证券股份有 | | | 限公司 袁杰 | | | 时间 | 2018 年 11 月 7 日 | 10:00-13:00 | | 地点 | 公司展厅及生产车间 | | | | | | | 上市公司接待人 员姓名 | 证券事务助理 ...

证券代码：002378 证券简称：章源钨业 编号：20220704 | --- | --- | --- | --- | --- | |-------------------------|------------------------------------------------|---------------------------------------------------------------------------------------------|-------|------------------| | | | | | | | | ■ 特定对象调研 □ 媒体采访 □ | □ 分析师会议 业绩说明会 | | | | 投资者关系活 | □ 新闻发布会 □ | 路演活动 | | | | 动类别 | □ 现场参观 | | | | | | □ 其他 | （请文字说明其他活动内容） | | | | 参与单位名称 及人员姓名 | 华安证券 王亚琪、李熙阳 | | | | | 时间 | 2022 年 07 月 04 日 | 10:00-13:00 | | | | 地点 | 公司展厅、会议室 | | | ...

Group 1: Company Overview - Changyuan Tungsten Industry Co., Ltd. primarily engages in the mining, selection, and production of tungsten products, including ammonium paratungstate (APT), tungsten oxide, tungsten powder, tungsten carbide powder, thermal spray powder, and hard alloys [1] - The company has established a complete integrated production system from upstream mining and selection to downstream deep processing, making it one of the few manufacturers with a complete tungsten industry chain in China [1] Group 2: Production and Market Position - According to the China Tungsten Industry Association, in 2021, the company ranked second in tungsten powder production and second in carbide powder production, with total product output ranking fifth in the domestic industry [1] - The company’s subsidiary, Ganzhou Aoketai Tool Technology Co., Ltd., focuses on the R&D, production, and sales of hard alloy coated blades and rods, positioning itself as a "cutting expert for difficult-to-machine materials" [2] Group 3: Financial Performance - In the first half of 2022, Ganzhou Aoketai achieved a sales revenue of CNY 99.33 million for coated blades, an increase of 8.81% year-on-year, and CNY 121.50 million for rods, an increase of 45.56% year-on-year [2] Group 4: Future Development and Strategy - The company is committed to utilizing tungsten resources and developing high-performance, high-precision, and high-value-added hard alloys, focusing on resource exploration, mining, smelting, and deep processing [3] - The company plans to enhance geological exploration in existing mining rights areas and gradually integrate mining rights and exploration rights to strengthen resource reserves [3]

证券代码：002378 证券简称：章源钨业 编号：20221028 | --- | --- | --- | --- | --- | |-------------------------|-------------------------------|-------------------------------------------------------------------------------------------------------------|-------|----------| | | | | | | | | ■ 特定对象调研 | □ 分析师会议 | | | | | □ 媒体采访 | □ 业绩说明会 | | | | 投资者关系活 | □ 新闻发布会 | □ 路演活动 | | | | 动类别 | □ 现场参观 | | | | | | □ 其他 | （请文字说明其他活动内容） | | | | 参与单位名称 及人员姓名 | | 信达证券：黄礼恒、白紫薇；盘京投资：马欣；交银施罗德： 谭星星；淳厚资本：陈印；中融基金：张书玮；安信证券： | | | | 时间 | 2022 年 10 月 28 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥830,573,130.49, representing a 6.18% increase year-over-year, while the year-to-date revenue reached ¥2,506,164,927.68, up 23.04% compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2022 was ¥36,153,097.50, a decrease of 35.54% year-over-year, with a year-to-date net profit of ¥177,831,097.07, reflecting a significant increase of 90.55%[4]. - The basic earnings per share for Q3 2022 was ¥0.04, down 34.10% from the previous year, while the year-to-date figure was ¥0.19, an increase of 88.12%[6]. - Operating profit increased by 101.0391 million, a growth of 95.62%, driven by market expansion and increased product sales[23]. - Net profit increased by 83.8919 million, a growth of 89.35%, attributed to higher sales volume and gross margin[23]. - Total operating revenue for the period reached ¥2,506,164,927.68, an increase of 22.98% compared to ¥2,036,839,263.26 in the previous period[50]. - Net profit for the period was ¥177,779,011.37, representing a significant increase of 89.49% compared to ¥93,887,137.88 in the same period last year[53]. - Earnings per share (EPS) for the period was ¥0.19, compared to ¥0.1010 in the previous period[55]. Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥4,801,740,300.22, which is a 4.97% increase from the end of the previous year[6]. - The company's total liabilities were CNY 2.83 billion, an increase from CNY 2.70 billion at the beginning of the year, reflecting a rise of approximately 4.9%[47]. - The company's current assets totaled CNY 2.66 billion, up from CNY 2.43 billion at the beginning of the year, indicating an increase of approximately 9.2%[41]. - The company's total equity increased to ¥1,966,926,251.95, up 4.93% from the end of the previous year[6]. - The company has a total equity of approximately CNY 1.97 billion, up from CNY 1.87 billion at the beginning of the year, indicating a growth of about 4.9%[47]. - The company's long-term borrowings increased to CNY 608.86 million from CNY 274.67 million, representing a significant rise of approximately 121.5%[47]. Cash Flow - The cash flow from operating activities showed a negative net amount of ¥133,149,325.06, indicating a decline of 465.32% year-over-year[4]. - Cash inflow from operating activities totaled 1,967.3407 million, an increase of 15.81% compared to the previous year[24]. - Cash outflow from operating activities increased by 438.2395 million, a growth of 26.36%, primarily due to salary increases and higher tax payments[28]. - The company reported a significant increase in cash flow from financing activities, with a net cash flow of 181.0051 million, a growth of 392.55%[29]. - Cash flow from investment activities showed a net outflow of -$108.58 million, compared to -$72.79 million in the previous period, indicating an increase in investment expenditures[63]. - The net cash flow from financing activities was $181.01 million, a turnaround from a net outflow of -$61.87 million in the previous year, indicating improved financing conditions[63]. - The ending balance of cash and cash equivalents was $368.34 million, up from $289.27 million in the previous period, showing a positive liquidity position[66]. Expenses and Costs - Total operating costs amounted to ¥2,328,141,883.82, up 19.63% from ¥1,946,170,083.07 in the prior period[50]. - R&D expenses increased by 14.9842 million, a growth of 61.94%, reflecting the company's ongoing investment in research and development[22]. - Tax and additional fees increased by 4.8946 million, a growth of 68.28%, due to the increase in VAT and additional taxes from revenue growth[21]. Other Financial Metrics - The company reported a total of ¥13,083,485.90 in non-recurring gains and losses for the current period, with a year-to-date total of ¥29,753,824.95[7]. - The company’s weighted average return on equity decreased to 1.91%, down 1.27 percentage points year-over-year[6]. - The company reported accounts receivable of CNY 588.29 million, significantly higher than CNY 176.13 million at the beginning of the year, reflecting an increase of approximately 233.5%[38]. - The company experienced a foreign exchange impact on cash and cash equivalents of $757,410.04, reflecting currency fluctuations[63].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,675,591,797.19, representing a 33.55% increase compared to ¥1,254,623,033.88 in the same period last year[29]. - The net profit attributable to shareholders of the listed company reached ¥141,677,999.57, a significant increase of 280.48% from ¥37,236,531.48 in the previous year[29]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥125,007,660.52, up 448.77% from ¥22,779,762.10 in the same period last year[29]. - The basic earnings per share increased to ¥0.15, a rise of 275.00% compared to ¥0.04 in the previous year[29]. - The total assets at the end of the reporting period were ¥4,811,423,584.95, reflecting a 5.18% increase from ¥4,574,576,721.79 at the end of the previous year[29]. - The net assets attributable to shareholders of the listed company were ¥1,929,173,369.40, which is a 2.92% increase from ¥1,874,465,566.85 at the end of the previous year[29]. - The net cash flow from operating activities was -¥122,994,065.26, worsening by 83.46% compared to -¥67,040,106.90 in the same period last year[29]. - The weighted average return on equity increased to 7.27%, up by 5.09 percentage points from 2.18% in the previous year[29]. - The company achieved operating revenue of CNY 1,675.59 million, a year-on-year increase of 33.55%[45]. - Operating profit reached CNY 167.88 million, up 373.36% compared to the same period last year[45]. - The company reported a significant increase in other income, which rose by 73.82% to ¥23,140,380.42, primarily due to government subsidies[81]. - The cash flow from operating activities showed a net outflow of ¥122,994,065.26, a decline of 83.46% compared to the previous year, mainly due to increased employee compensation and tax payments[81]. - The revenue from the tungsten powder segment was ¥437,852,804.04, with a year-on-year growth of 11.09%[81]. - The company achieved a total revenue from domestic operations of ¥1,361,160,621.93, which accounted for 81.23% of total revenue, reflecting a 35.16% increase year-on-year[84]. - The company reported a total chemical oxygen demand (COD) discharge of 4,867 kg, which is significantly below the approved limit of 22,300 kg[133]. Production and Sales - The company reported a total production of tungsten, tin, and copper concentrates of 2,489.81 tons during the reporting period[46]. - Sales volume of tungsten carbide powder increased by 17.24% to 2,561.90 tons[51]. - Sales revenue from coated blades reached CNY 99.33 million, a year-on-year increase of 8.81%[54]. - The average price of tungsten concentrate (WO3≥65%) was CNY 114,700 per ton, an increase of 21.25% compared to the same period last year[38]. - The company’s products are primarily exported to Asia, Europe, and South America, with a focus on replacing imports in the domestic market[68]. - The total operating revenue for the reporting period was ¥1,675,591,797.19, representing a year-on-year increase of 33.55% due to increased sales volume and prices of major products[77]. - The net profit for the period reached ¥141,551,404.68, a significant increase of 276.62% compared to the previous year[81]. - Domestic and international sales both experienced substantial growth, with international sales accounting for a smaller proportion of total sales, decreasing by 0.96 percentage points[90]. Research and Development - The company's R&D investment amounted to ¥80,284,785.66, reflecting a year-on-year growth of 37.51% as part of ongoing technological innovation efforts[81]. - The company added 39 authorized patents during the reporting period, including 5 invention patents and 33 utility model patents[74]. - The company has invested in an "ultra-high-performance tungsten powder intelligent manufacturing project" to enhance product technology and stabilize product quality[67]. - Ganzhou Aoketai completed the development and design of 373 new products, including 1,233 new blade models and 18 new cutter heads during the reporting period[57]. - The company upgraded its product brands comprehensively, with some new products outperforming international brands in terms of performance[57]. Environmental Management - The company has passed the ISO 14001 environmental management system certification, ensuring compliance with environmental regulations[140]. - The company has implemented a wastewater online monitoring system, ensuring data validity through third-party maintenance[147]. - The company has established an emergency response plan for environmental incidents, which has been filed with local environmental authorities[141]. - The company has implemented a boiler dust removal system with a capacity of 35,000 m³/h, operational since 2018, and is functioning normally[136]. - The company has a wastewater treatment capacity of 3,000 m³/d, operational since 2015, and is currently running normally[136]. - The company has initiated a low-carbon enterprise pilot project in Ganzhou City, focusing on reducing carbon emissions through various measures[146]. - The company has established a self-monitoring plan for environmental protection in accordance with relevant guidelines and has adjusted monitoring frequencies for 2022[142]. - The company has received multiple ISO certifications, including ISO 9001:2015 and ISO 14001:2015, demonstrating its commitment to environmental management[146]. Corporate Governance and Social Responsibility - The company has established a robust investor relations management system, conducting one online performance briefing and participating in investor reception activities during the reporting period[153]. - The company actively promotes employee welfare, implementing salary adjustments and providing training opportunities to enhance employee satisfaction and retention[158]. - The company donated a total of 2.612 million yuan for rural revitalization projects in various villages during the reporting period[159]. - The company actively participated in social welfare initiatives, encouraging employees to give back to society and support vulnerable groups[159]. - The company has strictly fulfilled its commitments regarding avoiding competition and ensuring the interests of shareholders[163]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[170]. - The company reported no violations regarding external guarantees during the reporting period[171]. - The half-year financial report was not audited[172]. - There were no significant litigation or arbitration matters during the reporting period[174]. - The company and its controlling shareholders maintained a good integrity status, with no unfulfilled court judgments or significant overdue debts[178]. Risks and Challenges - The company faced risks from macroeconomic fluctuations, raw material price volatility, and exchange rate fluctuations, with 18.77% of total revenue derived from exports[117][121]. - The company has outlined potential risks and corresponding countermeasures in its management discussion section[7]. Dividends and Shareholder Returns - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[126]. - The company distributed cash dividends totaling ¥92,416,743.60 for the 2021 fiscal year, reflecting its commitment to shareholder returns[152].

Financial Performance - The company's operating revenue for Q1 2022 was ¥872,897,895.21, representing a 51.59% increase compared to ¥575,834,543.68 in the same period last year[4] - Net profit attributable to shareholders was ¥65,695,230.60, a significant increase of 876.86% from ¥6,725,174.50 in the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥56,306,100.25, compared to a loss of ¥1,370,636.68 in the same period last year, marking a 4,208.03% increase[4] - The company’s operating profit for the period was ¥7,780.66 million, reflecting a 1,097.01% increase from ¥650.01 million in the previous year[16] - Operating profit increased by 71.31 million yuan, a growth of 1,097.01%, while net profit attributable to the parent company rose by 58.97 million yuan, an increase of 876.85%[21] - Net profit for the quarter was ¥65,671,692.38, up from ¥7,110,090.03, reflecting a substantial increase of approximately 824.5%[83] - The company reported a total profit of ¥77,331,000.25, compared to ¥6,390,601.41 in the previous year, indicating an increase of approximately 1,113.5%[83] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥4,625,098,973.20, a 1.10% increase from ¥4,574,576,721.79 at the end of the previous year[6] - The total liabilities decreased slightly to RMB 2,677,104,454.03 from RMB 2,695,728,207.33[55] - The company's equity attributable to shareholders increased by 3.69% to ¥1,943,635,109.78 from ¥1,874,465,566.85 at the end of the previous year[6] - The company's equity attributable to shareholders increased to RMB 1,943,635,109.78 from RMB 1,874,465,566.85, reflecting retained earnings growth[68] Cash Flow - The company’s cash flow from operating activities showed a net outflow of ¥181,981,993.34, a 5.73% increase in outflow compared to ¥172,124,621.08 in the previous year[4] - Cash inflow from operating activities totaled 614.69 million yuan, up 41.14% year-on-year, driven by increased revenue and improved collection of receivables[22] - Cash outflow from operating activities increased by 189.04 million yuan, a rise of 31.11%, primarily due to higher payments for goods purchased[24] - Cash flow from financing activities showed a net inflow of 180.53 million yuan, an increase of 518.73%, mainly due to increased bank borrowings and reduced loan repayments[27] - The net increase in cash and cash equivalents was -38,381,088.33, an improvement from -160,354,772.32 in the previous period, indicating better cash management[93] - The ending balance of cash and cash equivalents was 389,925,255.91, up from 227,007,409.13, representing a 71.7% increase[93] Expenses - Operating costs increased by 206.90 million yuan, a growth of 40.15%, mainly due to the increase in sales volume of key products[17] - Financial expenses decreased by 8.38 million yuan, a decline of 40.67%, attributed to lower bank loan interest rates and reduced discount interest on notes payable[17] - Tax expenses surged by 11.91 million yuan, a staggering increase of 1,655.64%, due to a significant rise in the company's total profit[20] - Cash dividends and interest payments totaled 15,241,614.68, a decrease from 19,585,685.79, indicating a reduction in shareholder payouts[93] Research and Development - Research and development expenses increased by 36.75% to ¥971.05 million from ¥710.08 million in the previous year[16] - R&D expenses rose by 2.61 million yuan, an increase of 36.75%, reflecting the company's continued investment in research and development[17] - Research and development expenses increased to ¥9,710,504.80 from ¥7,100,793.22, representing a growth of about 36.7%[80] Other Information - The company plans to invest $1 million to establish Achtech America, Inc. in the United States, focusing on the sale of hard alloy products and tools[35] - The company expects a loss of approximately RMB 2.84 million due to the bankruptcy liquidation of ELBASA[37] - The estimated ore reserves at the Dongfeng tungsten-tin mine are 583,000 tons, with tungsten metal content of 14,300 tons[38] - The first quarter report was not audited, which may affect the reliability of the financial data presented[94]

Financial Performance - The company reported a total revenue of RMB 924,167,436 for the year 2021, with a cash dividend of RMB 1.00 per 10 shares to all shareholders[7]. - The company's operating revenue for 2021 was ¥2,664,432,290.41, representing a 37.97% increase compared to ¥1,931,225,157.35 in 2020[30]. - The net profit attributable to shareholders in 2021 was ¥165,000,766.10, a significant increase of 343.84% from ¥37,175,924.88 in 2020[30]. - The net profit after deducting non-recurring gains and losses was ¥131,267,027.06, a remarkable increase of 703.90% compared to -¥21,736,691.37 in 2020[30]. - The company's total assets at the end of 2021 were ¥4,574,576,721.79, up 17.17% from ¥3,904,307,172.62 at the end of 2020[30]. - The net assets attributable to shareholders increased by 11.22% to ¥1,874,465,566.85 at the end of 2021 from ¥1,685,408,179.24 at the end of 2020[30]. - The weighted average return on equity for 2021 was 9.31%, an increase of 7.11 percentage points from 2.20% in 2020[30]. - The company reported a diluted earnings per share of ¥0.18 in 2021, a 350.00% increase from ¥0.04 in 2020[30]. - The company achieved operating revenue of 2.664 billion CNY in 2021, a year-on-year increase of 37.97%[87]. - The net profit attributable to shareholders reached 165 million CNY, up 343.84% compared to the previous year[87]. Business Operations - The company has not changed its main business since its listing, indicating stability in operations[28]. - The company has no changes in its controlling shareholders, reflecting consistent ownership structure[28]. - The company has not engaged in any mergers or acquisitions during the reporting period, maintaining its current operational focus[28]. - The company operates a complete integrated production system from tungsten mining to deep processing, making it one of the few manufacturers with a complete tungsten industry chain in China[2]. - The company has subsidiaries including Ganzhou Aoketai Tool Technology Co., Ltd. and Dream Plus Co., Ltd., indicating a diversified business structure[19]. - The company has established a procurement model with approximately 25% self-sufficiency in raw materials, ensuring stable supply through long-term partnerships with quality suppliers[4]. - The company has six mining rights, with three mines recognized as national "green mines," emphasizing its commitment to sustainable mining practices[5]. - The company has achieved international advanced levels in hard alloy tool manufacturing and coating equipment, enhancing its competitive edge in the market[6]. - The company’s deep processing products are sold through a combination of direct sales and distribution, with some industries utilizing customized services[7]. Research and Development - The company applied for 50 patents during the reporting period, with 31 patents granted, including 7 invention patents[82]. - The company’s R&D team consists of over 400 personnel, focusing on technological innovation and collaboration with universities to enhance research capabilities[81]. - A total of 37 R&D projects were conducted, with 30 being self-initiated, leading to the development of 330 new products, including 5 smelting products and 13 powder products[95]. - The company has completed several key R&D projects focused on improving production processes and enhancing environmental protection[131]. - The company has developed a new type of nano hard alloy bar with a cobalt content of 9% and a hardness of 93.5-94.5 HRA, achieving a TRS of ≥ 3800 MPa[140]. - The company has developed tungsten-based shielding materials, completing small batch experiments and designing over three promising types of tungsten-based shielding materials, which will enrich the product line and increase market share[143]. Market and Sales - The average price of tungsten concentrate (WO3≥65%) in 2021 was ¥102,000 per ton, a 22.16% increase from the previous year's average[44]. - The sales revenue from coated blades was 195.91 million CNY, a 44.37% increase year-on-year, while bar sales revenue reached 195.83 million CNY, growing by 107.69%[87]. - The company ranked second in domestic tungsten powder production and second in carbide tungsten powder production according to the 2021 statistics from the China Tungsten Industry Association[67]. - Domestic sales accounted for 78.16% of total revenue, while international sales increased to 21.84%, marking a growth of 47.52% year-on-year[114]. - The sales volume of tungsten products rose by 45.31%, with production volume increasing by 40.87%[115]. - The company is actively expanding its market presence in high-end materials and advanced manufacturing sectors, aligning with national strategic initiatives[10]. Financial Management - The company’s financial statements are audited by Tianjian Accounting Firm, ensuring compliance and reliability in financial reporting[29]. - The company is focused on risk management, particularly regarding macroeconomic fluctuations and market demand uncertainties, to mitigate potential impacts on performance[197]. - The company faces risks from fluctuations in raw material prices, which could impact production costs and overall business performance[198]. - The company conducts regular research and analysis on tungsten product market prices and cost structures to mitigate risks associated with raw material price volatility[198]. - The company actively adjusts raw material inventory based on market changes to ensure normal production needs are met[198]. Sustainability and Environmental Practices - The company is advancing green smelting processes and developing high-value-added tungsten products to meet diverse customer needs[184]. - The implementation of a new green smelting technology is expected to reduce wastewater discharge by 80% and increase tungsten recovery rates to over 98.5%[95]. - The company has achieved a tungsten recovery rate of over 95% from grinding waste in the alloy grinding material recycling process[132]. - The project for researching the mechanism of ion-type rare earth ore bed rock mechanics has been completed, providing theoretical references for ecological protection and restoration[134].