广东翔鹭钨业股份有限公司 关于非经营性资金占用及其他关联方 资金往来情况的专项审核说明 非经营性资金占用及其他关联资金往来情况专项说明 司农专字[2026]25009200031 号 广东翔鹭钨业股份有限公司全体股东： 我们接受委托，依据《中国注册会计师审计准则》审计了广东翔鹭钨业股份 有限公司（以下简称"翔鹭钨业 "）2025 年12 月31 日的合并及母公司资产负债 表，2025 年度的合并及母公司利润表、合并及母公司现金流量表和合并及母公司 所有者权益变动表以及财务报表附注，并于2026年3月31日出具了司农审字 [2026]25009200011 号的无保留意见审计报告。 司农专字[2026]25009200031 号 目 录 报告正文................................................................................ 1-2 附件一： 广东翔鹭钨业股份有限公司2025 年度非经营性 资金占用及其他关联资金往来情况汇总表........................... 3 关于广东翔鹭钨业股份有限公司 广东司农会计师事务 ...

广东翔鹭钨业股份有限公司 2025 年度总经理工作报告 2025 年，国内钨精矿年均价 21.37 万元/吨，同比上涨 57.77%，APT 年均价 31.57 万元/吨，同比上涨 55.67%；钨粉均价 486.57 元/公斤，同比上涨 60.14%；碳化钨 粉均价 474.20 元/公斤，同比上涨 58.77%。2025 年，我国钨矿石、钨制品产量虽然 均有小幅度的增长，但在国内供给端结构性收紧、下游端需求刚性支撑以及国际地 缘政治风险交织的影响下，钨矿及其制品价格呈现出屡创新高、阶段性回调、高位 震荡的复合型运行特征。总体而言，在核心供给收紧及钨作为战略资源价值凸显的 背景下，随着企业库存的持续消耗，未来钨价仍有探高的空间。 一、报告期内，公司主要业务未发生重大变化。 从供应看，中国大多数新建矿山项目预期在 2-3 年后投产，在营矿山受总量控 制（矿产资源法）总体产量保持平稳；哈萨克斯坦巴库塔钨矿二期预计在 2027 年 底投产，越南钨矿产量持续下降；在高价格的刺激下，中国尾矿回收、国外小规模 手工采矿、国内外再生利用等资源量预计逐步释放。 从需求看，中国经济韧性良好，制造业、采掘业、基础设施等传统领域 ...

广东翔鹭钨业股份有限公司 2025年度董事会工作报告 2025 年度，公司继续以钨制品为基础，同时加大硬质合金、超细钨合金丝 的研发力度，努力提升行业竞争力，不断满足客户需求。 | 项目 | 2025年 | 2024年 | 同比增减% | | --- | --- | --- | --- | | 营业收入（万元） | 240,854.79 | 174,901.82 | 37.71% | | 营业利润（万元） | 17,038.27 | -9,606.96 | 277.35% | | 利润总额（万元） | 16,676.63 | -9,682.98 | 272.23% | | 归属于上市公司股 东的净利润（万元） | 14,370.41 | -8,950.27 | 260.56% | | 归属于上市公司股 | | | | | 东的扣除非经常性 损益的净利润（万 | 13,484.19 | -12,050.34 | 211.90% | | 元） | | | | | 经营活动产生的现 | 11,031.56 | 4,008.07 | 175.23% | | --- | --- | --- | --- | | 金流量净 ...

广东翔鹭钨业股份有限公司 2025年度独立董事关于独立性自查情况的报告 本人黄伟坤为广东翔鹭钨业股份有限公司独立董事，在2025年度严格遵守法 律法规等相关要求，勤勉尽责、忠实履职，符合《上市公司独立董事管理办法》 规定的任职要求，现将本人2025年度独立性自查情况报告如下： 1、是否系在上市公司或者其附属企业任职的人员或系任职人员的配偶、父 母、子女、主要社会关系人员； 否是（请注明）____________________ 2、是否系直接或者间接持有上市公司已发行股份百分之一以上的股东或系 上市公司前十名股东中的自然人股东，或系前述股东的配偶、父母、子女； 否是（请注明）____________________ 否是（请注明）____________________ 5、是否系与上市公司及其控股股东、实际控制人或者其各自的附属企业有 重大业务往来的人员，或者系在有重大业务往来的单位及其控股股东、实际控制 人任职的人员； 否是（请注明）____________________ 6、是否系为上市公司及其控股股东、实际控制人或者其各自附属企业提供 财务、法律、咨询、保荐等服务的人员，前述所述人员包括但不限于提供 ...

股票代码：002842 股票简称：翔鹭钨业 公告编码：2026-021 广东翔鹭钨业股份有限公司 根据《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监管指 引第 1 号——主板上市公司规范运作》及《公司章程》等相关规定，本次提供担保 及接受关联方提供担保事项尚需提交公司 2025 年度股东会审议。 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 2026 年 3 月 31 日召开第五届 董事会 2026 年第二次临时会议，会议共出席 7 名董事，其中关联董事陈启丰、陈伟 儿、陈伟东回避表决，董事会以 4 票同意、0 票反对、0 票弃权审议通过了《关于公 司及控股子公司向银行机构申请融资额度及提供担保并接受关联方担保的议案》和 《关于公司及控股子公司向非银金融机构申请融资额度及提供担保并接受关联方担 保的议案》，同意公司及控股子公司向银行机构及非银金融机构开展授信及融资业 务，向银行机构及非银金融机构申请总额度不超过人民币 40 亿元(含本数)，其中银 行机构 35 亿，非银金融机构 5 亿。公司及控股子公司可根据实际资金需求在额度范 围内循环使用授信及融资额度。公司可通过保证方式 ...

Investment Rating - The industry rating is "Recommended" [4] Core Views - The report highlights that high oil prices driven by Middle Eastern conflicts are expected to strengthen the demand for lithium as an energy alternative, indicating a potential upside for lithium prices [2] - Nickel prices are supported by supply uncertainties due to delays in the approval process for nickel mining quotas in Indonesia, which may lead to a tight supply situation [2][17] - Cobalt prices are anticipated to rise due to ongoing supply uncertainties from the Democratic Republic of Congo, with expectations of structural tightness in cobalt supply [3][18] - The report notes a significant increase in carbonated lithium prices, driven by supply disruptions and rising demand expectations, particularly in the context of the electric vehicle market [21] - The tungsten market is expected to see continued price increases due to long-term supply tightness and strategic importance in global supply chains [24] Summary by Sections Nickel and Cobalt Industry - As of March 27, LME nickel spot price was $17,010 per ton, up 1.43% from March 20, with total LME nickel inventory at 281,574 tons, down 0.68% [2] - Cobalt prices are under pressure but are expected to rise due to supply constraints from the DRC, with the current electrolytic cobalt price at 430,500 CNY per ton [3][18] Lithium Industry - Domestic carbonate lithium futures closed at 168,400 CNY per ton, up 17.09% from March 20, indicating strong demand and supply constraints [21] - The report emphasizes the impact of geopolitical tensions on lithium demand, particularly in the context of energy security [21] Tungsten Industry - The report indicates that tungsten prices are expected to continue rising due to supply constraints and strategic importance, with white tungsten concentrate prices at 1,001,000 CNY per ton [24] Antimony Industry - Antimony prices have seen a slight decline, but supply constraints are expected to provide support for future prices, with average antimony ingot prices at 165,500 CNY per ton [7][19] Uranium Industry - The report notes that uranium supply is expected to remain tight, supporting prices, with the global uranium market price at $71.3 per pound [15][25]

Investment Rating - The industry rating is "Recommended" [3] Core Insights - The report highlights that the rising oil prices and ongoing market panic are suppressing non-ferrous metals, but there is optimism for a comprehensive market for key metals in the future [27] - Nickel prices are expected to find support due to supply uncertainties from Indonesia, particularly with the slow approval process for nickel mining quotas [1] - Cobalt prices are anticipated to continue rising due to tight supply expectations stemming from export approval delays in the Democratic Republic of Congo [2] - The report indicates that antimony prices are expected to remain strong due to supply constraints [6] - Lithium prices are projected to maintain a strong performance supported by demand amid high oil prices [7] - The rare earth sector is facing tightening supply expectations, with stable demand from downstream industries [9] - Tin prices are supported by uncertainties in overseas supply chains [11] - Tungsten prices are expected to rise further due to tightening domestic supply [13] - Uranium prices are supported by ongoing supply tightness and geopolitical factors [15] Summary by Sections Nickel and Cobalt - As of March 20, LME nickel spot price was $16,770 per ton, down 3.29% from March 13, with total LME nickel inventory at 283,512 tons, a decrease of 0.40% [1] - The Indonesian nickel mining association has set the 2026 production quota at 260-270 million tons, significantly reduced from the previous year's quota [16] - Cobalt prices are expected to rise due to ongoing supply tightness, with the Democratic Republic of Congo's export processes still facing delays [2][17] Antimony - Antimony prices have remained stable, with average prices for antimony ingots at 167,500 RMB per ton as of March 19 [6] - Supply constraints are expected to provide a bottom support for antimony prices [19] Lithium - Domestic lithium carbonate futures closed at 143,900 RMB per ton as of March 20, down 5.41% from March 13 [7] - The report notes that the Zimbabwean government has suspended all raw material and lithium concentrate exports, impacting supply [20] - Demand for lithium is expected to be supported by adjustments in export tax policies for battery products [20] Rare Earths - The average price of praseodymium oxide was 785 RMB per kilogram as of March 20, down 9.77% from March 13 [9] - Supply constraints are expected to persist due to regulatory measures and stable demand from the magnetic materials sector [21] Tin - The LME tin spot price was $43,700 per ton as of March 20, down 8.86% from March 13 [11] - Supply uncertainties from Myanmar and the Democratic Republic of Congo are expected to support tin prices [12][22] Tungsten - Domestic tungsten prices are under pressure due to tightening supply, with white tungsten concentrate prices at 1,021,000 RMB per ton as of March 20 [13] - The report anticipates further price increases due to ongoing supply constraints [23] Uranium - Global uranium prices remain high, with the market price at $69.71 per pound as of January [15] - Supply tightness is expected to continue due to geopolitical factors and production delays [24]

因本次向特定对象发行股票的相关事项需要进一步落实，根据相关法律法规 的规定，公司于 2025 年 12 月 19 日向深交所申请中止本次向特定对象发行股票 的审核程序，拟中止时限预计不超过三个月，待相关事项落实完毕后及时申请恢 复审核。同日，公司收到深交所同意中止审核的回复。 股票代码：002842 股票简称：翔鹭钨业 公告编号：2026-016 广东翔鹭钨业股份有限公司 关于收到深圳证券交易所恢复审核通知的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 广东翔鹭钨业股份有限公司（以下简称"公司"）于 2025 年 10 月 14 日向深 圳证券交易所（以下简称"深交所"）报送了向特定对象发行股票相关申请文件， 于 2025 年 10 月 23 日收到《关于受理广东翔鹭钨业股份有限公司向特定对象发 行股票申请文件的通知》（深证上审〔2025〕196 号）。 公司积极落实相关事项后，相关中止审核的情形已消除。根据相关规定，公 司及保荐人于 2026 年 3 月 17 日向深交所申请恢复对公司向特定对象发行股票项 目的审核，于 2026 年 3 月 18 日 ...

股票代码：002842 股票简称：翔鹭钨业 公告编号：2026-015 公司董事、副总经理戴湘平先生及财务总监郑丽芳女士保证向本公司提供 的信息披露内容真实、准确和完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 广东翔鹭钨业股份有限公司 特别提示： 关于公司董事、高管减持股份的预披露公告 持有本公司股份 150,400 股（占本公司总股本比例 0.0460%）的董事、副总 经理戴湘平先生计划自本次减持股份预披露公告发布之日起 15 个交易日后的 3 个月内以集中竞价交易方式减持本公司股份不超过 37,600 股（占本公司总股本 比例 0.0115%）。 持有本公司股份 40,000 股（占本公司总股本比例 0.0122%）的财务总监郑 丽芳女士计划自本次减持股份预披露公告发布之日起 15 个交易日后的 3 个月内 以集中竞价交易方式减持本公司股份不超过 10,000 股（占本公司总股本比例 0.0031%）。 广东翔鹭钨业股份有限公司（以下简称"公司"、"本公司"）于近日收到公司 董事、副总经理戴湘平先生和财务总监郑丽芳女士出具的《股份减持计划告 ...

Investment Rating - The report maintains a recommendation for aluminum and other price-increasing varieties to withstand macroeconomic pressures [1] Core Views - The report highlights the unpredictable nature of the Iran conflict and liquidity concerns, leading to a significant decline in market risk appetite. The probability of aluminum production cuts in the Middle East increases as the closure of the Strait of Hormuz extends, making aluminum a strong investment choice. Despite short-term macro risks, the long-term upward momentum remains unchanged, and any recent pullbacks present good buying opportunities. The report recommends focusing on aluminum, gold, and tantalum, which have high price increases and military demand proportions, as well as new material stocks related to technological growth [1] Industry Overview - The industry comprises 235 listed companies with a total market capitalization of 820.44 billion and a circulating market value of 714.68 billion [2] - The industry index shows a 1-month performance of -0.4%, a 6-month performance of +37.0%, and a 12-month performance of +77.2% [3] Stock Performance - The report notes that the largest gainers in the week include Zhongyuan New Materials (+13.54%), while the largest losers include Xianglu Tungsten (-19.94%) [3] - The report indicates that tungsten prices increased by 12.96% due to tight supply from upstream sources, while the price of praseodymium oxide decreased by 7.32% due to market sentiment shifts and supply-demand dynamics [3][4] Metal Price Trends - Copper: Domestic copper social inventory decreased, indicating a potential for continued destocking. The report anticipates a long-term bullish outlook for copper prices and copper resource stocks, while short-term focus remains on macro influences [4] - Aluminum: The report emphasizes the impact of the Middle East situation on aluminum prices, with attention on production decisions by aluminum plants and shipping issues in the Strait of Hormuz. The report notes that overseas aluminum premiums have risen significantly [4] - Nickel: The report indicates a weak fundamental outlook for nickel due to ongoing inventory accumulation, while long-term expectations remain tight [4] Precious Metals - Gold prices are under pressure due to declining interest rate expectations, but the report maintains a bullish outlook for gold, setting a target price of $6,000 per ounce for the year. The report suggests focusing on companies like Lingbao Gold and Shandong Gold [4] - Silver prices are expected to remain weak due to declining demand and market conditions [4] Rare Earths - The report notes price fluctuations in rare earth elements, with a bullish outlook for praseodymium and neodymium due to tight supply-demand dynamics in emerging sectors like new energy vehicles [4] Uranium - The report highlights a strategic shift in the EU towards nuclear energy, which is expected to increase demand for uranium in the context of rising energy prices and geopolitical tensions [4]