Market Overview - The small metals sector increased by 0.86% compared to the previous trading day, with Zhongkuang Resources leading the gains [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Top Performers - Zhongkuang Resources (002738) closed at 56.90, up 5.68% with a trading volume of 453,000 shares and a transaction value of 2.517 billion [1] - China Tungsten High-Tech (000657) closed at 26.01, up 5.05% with a trading volume of 2.7811 million shares and a transaction value of 7.221 billion [1] - Xianglu Tungsten Industry (002842) closed at 12.16, up 3.93% with a trading volume of 570,600 shares [1] Underperformers - Caoyuan Tungsten Industry (002378) closed at 13.36, down 5.32% with a trading volume of 903,300 shares and a transaction value of 1.234 billion [2] - Xiamen Tungsten Industry (600549) closed at 36.55, down 2.56% with a trading volume of 768,900 shares and a transaction value of 2.834 billion [2] - Dongfang Silver (000962) closed at 33.07, down 3.30% with a trading volume of 383,700 shares [2] Capital Flow - The small metals sector experienced a net outflow of 1.458 billion from main funds, while speculative funds saw a net inflow of 459 million, and retail investors had a net inflow of 999 million [2][3] - Zhongkuang Resources had a main fund net inflow of 151 million, while retail investors had a net outflow of 163 million [3] - The overall capital flow indicates a mixed sentiment among different investor types within the small metals sector [3]

Core Insights - Xianglu Tungsten Industry (002842.SZ) reported a total operating revenue of 1.616 billion yuan for Q3 2025, ranking 12th among disclosed peers [1] - The net profit attributable to shareholders was 51.773 million yuan, placing the company 16th among its peers [1] - The net cash flow from operating activities was -72.507 million yuan, a decrease of 40.516 million yuan compared to the same period last year, ranking 14th among peers [1] Financial Metrics - The latest debt-to-asset ratio is 51.91%, ranking 13th among disclosed peers, with an increase of 2.31 percentage points from the previous quarter [3] - The latest gross profit margin is 11.81%, ranking 12th among peers [3] - The return on equity (ROE) is 4.64%, also ranking 12th among peers [3] - The diluted earnings per share (EPS) is 0.17 yuan, ranking 11th among disclosed peers [3] - The total asset turnover ratio is 0.74 times, while the inventory turnover ratio is 1.74 times, ranking 12th among peers [3] Shareholder Structure - The number of shareholders is 41,300, with the top ten shareholders holding 135 million shares, accounting for 41.35% of the total share capital [3] - The top shareholders include: 1. Chen Qixing - 15.8% 2. Chaozhou Qilong Trading Co., Ltd. - 8.05% 3. Shenzhen Guoan Fund Investment Development Co., Ltd. - 5.46% 4. Chen Wei'er - 4.18% 5. Chen Weidong - 3.84% 6. Wang Chenghua - 1.86% 7. Zhang Zehong - 0.91% 8. Chaozhou Yongxuan Ceramic Technology Co., Ltd. - 0.43% 9. Jia Shengmin - 0.41% 10. Zhang Miaoqing - 0.36% [3]

Core Viewpoint - Xianglu Tungsten Industry announced that the company and its subsidiaries have no overdue external guarantees, no external guarantees involved in litigation, and no losses incurred due to judgments from guarantees [2] Summary by Categories - **Company Guarantees** - The company confirmed that there are no overdue external guarantees [2] - There are no external guarantees involved in any litigation [2] - The company has not incurred any losses due to judgments related to guarantees [2]

Core Viewpoint - Xianglu Tungsten Industry (002842.SZ) reported strong financial performance in Q3, with significant year-on-year growth in both revenue and net profit [1] Financial Performance - The company's operating revenue for the first three quarters reached 1.616 billion yuan, representing a year-on-year increase of 24.00% [1] - The net profit attributable to shareholders was 51.77 million yuan, showing a remarkable year-on-year growth of 259.65% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 46.16 million yuan, reflecting a year-on-year increase of 172.16% [1]

Core Insights - The company reported a revenue of 1,616,047,079.67 yuan for the first three quarters of 2025, representing a year-on-year growth of 24.00% [2] - The net profit attributable to shareholders reached 51,773,291.51 yuan, showing a significant year-on-year increase of 259.65% [2] Financial Performance - Revenue for the first three quarters of 2025: 1,616,047,079.67 yuan [2] - Year-on-year revenue growth: 24.00% [2] - Net profit attributable to shareholders: 51,773,291.51 yuan [2] - Year-on-year net profit growth: 259.65% [2]

股票代码：002842 股票简称：翔鹭钨业 公告编码：2025-080 广东翔鹭钨业股份有限公司 关于公司及控股子公司向银行及非银金融机 构申请融资额度及提供担保并由关联方提供 担保的公告 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。 股票代码：002842 股票简称：翔鹭钨业 公告编码：2025-080 | 1 | 中信银行股份有限公司 | 不超过人民币 | 1 亿元 | | --- | --- | --- | --- | | 2 | 江西银行股份有限公司 | 不超过人民币 | 1 亿元 | | 3 | 中国光大银行股份有限公司 | 不超过人民币 | 亿元 1 | | 4 | 上海浦东发展银行股份有限公司 | 不超过人民币 | 1 亿元 | | 5 | 非银行金融机构 | 不超过人民币 | 3 亿元 | 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，本次担保尚需 提交公司 2025 年第三次临时股东会审议。 截至目前，有关担保协议尚未签署，具体内容由公司及与银行等机构共 ...

Core Insights - Xianglu Tungsten Industry (002842.SZ) reported a significant increase in revenue and net profit for Q3 2025, with revenue reaching 685 million yuan, a year-on-year growth of 70.64%, and net profit of 33.39 million yuan, up 251.22% [1] - For the first three quarters of 2025, the company achieved a revenue of 1.616 billion yuan, reflecting a year-on-year increase of 24.00%, and a net profit of 51.77 million yuan, which is a 259.65% increase compared to the previous year [1] - The growth in performance is attributed to increased investment in photovoltaic tungsten wire construction projects, optimization of capital structure due to convertible bonds conversion, and a rebound in demand for the main business [1]

Core Insights - Xianglu Tungsten Industry (002842.SZ) reported a significant increase in revenue and net profit for Q3 2025, with revenue reaching 685 million yuan, a year-on-year growth of 70.64%, and net profit of 33.39 million yuan, up 251.22% [1] - For the first three quarters of 2025, the company achieved a revenue of 1.616 billion yuan, representing a year-on-year increase of 24.00%, and a net profit of 51.77 million yuan, which is a 259.65% increase compared to the previous year [1] - The growth in performance is attributed to increased investment in photovoltaic tungsten wire construction projects, optimization of capital structure due to convertible bonds conversion, and a rebound in demand for the main business [1]

股票代码：002842 股票简称：翔鹭钨业 公告编号：2025-081 广东翔鹭钨业股份有限公司 关于召开 2025 年第三次临时股东会的通知 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、召开会议的基本情况 1、股东会届次：2025 年第三次临时股东会 5、会议的召开方式：现场表决与网络投票相结合。 6、会议的股权登记日：2025 年 11 月 7 日（星期五） 7、出席对象： （1）截至 2025 年 11 月 7 日下午收市时在中国证券登记结算有限责任公司深圳分公司 登记在册的公司全体股东均有权出席本次股东会，不能亲自出席股东会现场会议的股东可 授权他人代为出席（被授权人不必为本公司股东，授权委托书见本通知附件一），或在网 络投票时间内参加网络投票。 （2）公司董事、高级管理人员。 （3）公司聘请的律师。 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《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》等 法律、行政法规、部门规章、规范性文件及《公司章程》的有关规 ...

股票代码：002842 股票简称：翔鹭钨业 公告编号：2025-078 广东翔鹭钨业股份有限公司 第五届董事会2025年第六次临时会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 广东翔鹭钨业股份有限公司（以下简称"公司"）第五届董事会 2025 年第 六次临时会议（以下简称"本次会议"）于 2025 年 10 月 29 日上午 10：00 在公 司会议室以现场及通讯方式召开。本次会议的通知已于 2025 年 10 月 25 日以电 子邮件等形式发出。本次会议由董事长陈启丰先生主持，会议应出席董事 7 名， 实到董事 7 名。公司高级管理人员现场列席了会议。本次会议的召集、召开程序 符合《中华人民共和国公司法》《公司章程》等的规定。 二、董事会会议审议情况 1 股票代码：002842 股票简称：翔鹭钨业 公告编号：2025-078 并由关联方提供担保的议案》 为保持公司（本议案的"公司"指本公司及控股子公司）良好的信用和优良 的融资环境，满足公司在发展过程中对资金的及时需求，同意公司增加与下列银 行在额度范围内开展授信及融资 ...