Core Viewpoint - The small metal industry has shown varied financial performance among 23 representative listed companies, with notable differences in sales gross margin and net profit margin for the first half of 2025 [1] Financial Performance Summary - The majority of listed companies in the small metal industry reported sales gross margins below 20% for the first half of 2025, with Anning Co. leading at a gross margin of 60.13% [1] - Most companies exhibited net profit margins under 7%, with Guoyan Platinum, Baowu Magnesium, and Xianglu Tungsten showing particularly low net profit margins of 1.18%, 1.56%, and 1.97% respectively [1] - An anomaly was observed in Huayang New Materials, which had a sales gross margin of only 0.54% but a remarkably high net profit margin of 54% for the first half of 2025 [1] - Overall, the small metal industry achieved profitability in the first half of 2025, but Guoyan Platinum's net profit margin of 1.18% was the lowest among the companies analyzed [1]

Core Viewpoint - The industrial metal sector in A-share listed companies has shown overall profit improvement as of the first half of 2025, with many companies reporting a turnaround from losses to profits or an increase in profits compared to the previous year [1] Group 1: Profit Improvement - Among the 23 selected industrial metal companies, 8 companies reported both revenue and profit growth, including Northern Rare Earth, Dongfang Tantalum, and others [1] - 7 companies turned losses into profits, such as China Rare Earth, Yunnan Germanium, and others, with notable profit recoveries [1] - China Rare Earth's net profit improved from a loss of 244 million yuan in H1 2024 to a profit of 162 million yuan in H1 2025 [2] - Yunnan Germanium's net profit shifted from a loss of 9 million yuan to a profit of 22 million yuan [2] - Shenghe Resources reported a net profit turnaround from a loss of 69 million yuan to a profit of 377 million yuan [2] Group 2: Revenue and Profit Decline - Companies such as Western Materials, Baotai Co., and Jintian Titanium reported declines in both revenue and profit [2][8] - Western Materials' revenue decreased by 0.35% to 1.539 billion yuan, with a net profit drop of 36.03% to 61.16 million yuan [3][8] - Baotai Co. saw a 20.45% decline in revenue to 2.967 billion yuan and a 49% drop in net profit to 205 million yuan [8] - Jintian Titanium's revenue fell by 22.38% to 318 million yuan, with a net profit decrease of 49.71% to 40.53 million yuan [8] Group 3: Mixed Performance - Companies like Zhongkuang Resources, Xiamen Tungsten, and others experienced revenue growth but profit declines [4][5] - Zhongkuang Resources' revenue increased by 34.89% to 3.267 billion yuan, but net profit plummeted by 81.16% to 89.13 million yuan [6][7] - Xiamen Tungsten's revenue decreased by 4.37% to 972 million yuan, with a net profit decline of 46.47% to 64.12 million yuan [5][6] - Baowu Magnesium's net profit fell by 46.47% despite revenue growth [7]

Core Viewpoint - The analysis focuses on the inventory status of 23 representative industrial metal companies as of the first half of 2025, highlighting significant changes in inventory scale and turnover efficiency. Inventory Scale Analysis - In the first half of 2025, most industrial metal companies experienced an increase in inventory scale, with Huaxi Nonferrous's inventory growing the most, reaching 795 million yuan, a year-on-year increase of 51% [1] - The inventory scale of Guiyan Platinum Industry was 7.391 billion yuan, up 44.24% year-on-year, with inventory accounting for 37.34% of total assets [2][3] - Other companies with notable inventory scales include: - Xianglu Tungsten Industry: 781 million yuan, up 10.97%, 36.36% of total assets [2][3] - China Rare Earth: 2.025 billion yuan, up 28.61%, 36.14% of total assets [2][3] - Northern Rare Earth: 15.958 billion yuan, up 16.74%, 33.73% of total assets [2][3] - Guangsheng Nonferrous: 2.406 billion yuan, up 7.01%, 30.76% of total assets [2][3] Inventory Turnover Efficiency - Most companies reported inventory turnover days below 180 days, indicating efficient inventory management [3] - Companies with low inventory turnover efficiency and turnover days exceeding 300 days include: - Baotai Co., Ltd.: 312.34 days [3] - Yunnan Geology: 327.51 days [3] - Jintian Titanium Industry: 330.15 days [3]

Group 1 - The core viewpoint of the articles focuses on the inventory status analysis of 23 representative industrial metal companies for the first half of 2025, highlighting significant changes in inventory scale and turnover efficiency [1][2]. - In the first half of 2025, the inventory scale of most industrial metal companies increased, with Huaxi Nonferrous Metals showing the largest year-on-year growth of 51%, reaching an inventory scale of 795 million yuan [1][2]. - The inventory turnover days for most companies were below 180 days, while three companies had turnover days exceeding 300 days: Baotai Co. (312.34 days), Yunnan Geology (327.51 days), and Jintian Titanium (330.15 days) [3]. Group 2 - In 2024, the proportion of inventory to total assets increased for most listed companies, with Guiyan Platinum and Xianglu Tungsten having inventory proportions exceeding 30% [2][3]. - Guiyan Platinum's inventory scale reached 7.391 billion yuan in 2024, a year-on-year increase of 44.24%, with an inventory to total assets ratio of 37.34% [2][3]. - Other companies with significant inventory proportions include Xianglu Tungsten (36.36%), China Rare Earth (36.14%), Northern Rare Earth (33.73%), and Guangsheng Nonferrous (30.76%) [2][3].

9月10日，翔鹭钨业盘中下跌2.05%，截至10:23，报11.47元/股，成交1.14亿元，换手率3.65%，总市值 37.53亿元。 今年以来翔鹭钨业已经3次登上龙虎榜，最近一次登上龙虎榜为8月29日，当日龙虎榜净买入-1.35亿 元；买入总计8218.32万元 ，占总成交额比6.73%；卖出总计2.17亿元 ，占总成交额比17.80%。 资料显示，广东翔鹭钨业股份有限公司位于广东省潮州市湘桥区官塘镇庵头工业区，成立日期1997年4 月17日，上市日期2017年1月19日，公司主营业务涉及钨制品的开发、生产与销售。主营业务收入构成 为：粉末制品60.46%，硬质合金22.14%，钨丝系列12.59%，其他4.80%。 翔鹭钨业所属申万行业为：有色金属-小金属-钨。所属概念板块包括：小金属、光伏玻璃、太阳能、有 色铜、小盘等。 截至8月29日，翔鹭钨业股东户数4.89万，较上期增加93.12%；人均流通股5492股，较上期减少 48.22%。2025年1月-6月，翔鹭钨业实现营业收入9.31亿元，同比增长3.24%；归母净利润1838.36万元， 同比增长277.65%。 分红方面，翔鹭钨业A股上市后累计派 ...

Company Overview - Xianglu Tungsten Industry Co., Ltd. is located in the Aantou Industrial Zone, Xiangqiao District, Chaozhou City, Guangdong Province, and was established on April 17, 1997. The company was listed on January 19, 2017. Its main business involves the development, production, and sales of tungsten products [1] - The revenue composition of the company includes: powder products 60.46%, hard alloys 22.14%, tungsten wire series 12.59%, and others 4.80% [1] Stock Performance - On September 9, the stock price of Xianglu Tungsten increased by 2.01%, reaching 12.19 CNY per share, with a trading volume of 184 million CNY and a turnover rate of 5.72%. The total market capitalization is 3.988 billion CNY [1] - Year-to-date, the stock price has risen by 96.30%, with a 1.38% decline over the last five trading days, a 29.96% increase over the last 20 days, and a 41.58% increase over the last 60 days [1] Capital Flow - As of September 9, the net outflow of main funds was 373,700 CNY, with large orders buying 38.3728 million CNY (20.80% of total) and selling 40.3777 million CNY (21.89% of total). Special large orders bought 9.9463 million CNY (5.39% of total) and sold 8.3152 million CNY (4.51% of total) [1] Shareholder Information - As of August 29, the number of shareholders of Xianglu Tungsten was 48,900, an increase of 93.12% compared to the previous period. The average circulating shares per person were 5,492, a decrease of 48.22% [2] Financial Performance - For the first half of 2025, Xianglu Tungsten achieved operating revenue of 931 million CNY, a year-on-year increase of 3.24%. The net profit attributable to the parent company was 18.3836 million CNY, a year-on-year increase of 277.65% [2] Dividend Information - Since its A-share listing, Xianglu Tungsten has distributed a total of 88.66 million CNY in dividends. Over the past three years, the total dividend payout has been 0.00 CNY [2]

登录新浪财经APP 搜索【信披】查看更多考评等级 股票代码：002842股票简称：翔鹭钨业公告编号：2025-074 广东翔鹭钨业股份有限公司 关于公司为全资子公司提供担保的进展公告 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、担保情况概述 二、担保进展情况 近日，公司与中国农业银行股份有限公司大余县支行（以下简称"农行大余支行"）签署《保证合同》， 公司为全资子公司江西翔鹭钨业有限公司与农行大余支行自2025年9月3日起三年内及债权之本金最高余 额在人民币5,400万元整内发生的一系列授信业务提供连带责任保证。 本次担保事项在股东大会审批的担保额度范围内。 三、被担保方基本情况 1、基本情况 ■ 2、主要财务指标（金额：万元） ■ 广东翔鹭钨业股份有限公司（以下简称"公司"）于2025年4月28日召开第五届董事会2025年第三次临时 会议并于2025年5月20日召开2024年度股东大会，审议通过了《关于公司及控股子公司向银行等机构申 请融资额度及提供担保并接受关联方担保的议案》，同意公司2025年度为合并报表范围内子公司提供担 保总额度不超过30亿元 ...

证券日报网讯 9月5日晚间，翔鹭钨业发布公告称，近日，公司与中国农业银行股份有限公司大余县支 行签署《保证合同》，公司为全资子公司江西翔鹭钨业有限公司与农行大余支行自2025年9月3日起三年 内及债权之本金最高余额在人民币5，400万元整内发生的一系列授信业务提供连带责任保证。截至本公 告披露日，公司提供担保额度合计为32，200万元，占公司2024年经审计净资产的42.11%，实际担保金 额为28，769.92万元，占公司2024年经审计净资产的37.63%，均系对合并报表范围内子公司提供的担 保。 （文章来源：证券日报） ...

股票代码：002842 股票简称：翔鹭钨业 公告编号：2025-074 广东翔鹭钨业股份有限公司 关于公司为全资子公司提供担保的进展公告 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、担保情况概述 广东翔鹭钨业股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日召开 第五届董事会 2025 年第三次临时会议并于 2025 年 5 月 20 日召开 2024 年度股东 大会，审议通过了《关于公司及控股子公司向银行等机构申请融资额度及提供担 保并接受关联方担保的议案》，同意公司 2025 年度为合并报表范围内子公司提 供担保总额度不超过 30 亿元，期限一年，自 2024 年度股东大会审议通过之日起 算，具体内容详见公司分别于 2025 年 4 月 29 日、2025 年 5 月 21 日在《证券时 报》《上海证券报》及巨潮资讯网（http://www.cninfo.com.cn）披露的《广东 翔鹭钨业股份有限公司第五届董事会 2025 年第三次临时会议决议公告》《广东 翔鹭钨业股份有限公司 2024 年度股东大会决议公告》。 二、担保进展情况 ...

Group 1 - The core viewpoint of the article is that the legal opinion regarding the convening and conducting of the Guangdong Xianglu Tungsten Industry Co., Ltd. 2025 Second Extraordinary General Meeting of Shareholders is valid and complies with relevant laws and regulations [2][9] - The meeting was convened by the company's board of directors based on a resolution from a previous board meeting held on August 14, 2025, and the notice was published on August 15, 2025 [3][5] - The meeting took place on September 2, 2025, at the company's office in Chaozhou, Guangdong, and included both on-site and online voting options for shareholders [3][6] Group 2 - A total of 413 shareholders and their proxies attended the meeting, representing 106,843,328 shares, which is 32.6566% of the total voting shares [5][6] - The voting results showed that the first resolution received 99.6421% approval from the attending shareholders, while the second resolution received 99.6434% approval, both of which are considered special resolutions [7][8] - The legal opinion confirms that the meeting's procedures, participant qualifications, and voting results are all in accordance with the Company Law and the rules governing shareholder meetings [9]