Group 1 - The core viewpoint of the article highlights Xianglu Tungsten's significant growth in revenue and net profit for the third quarter and the first three quarters of the year [1] Group 2 - In the third quarter, the company's revenue reached 685 million yuan, representing a year-on-year increase of 70.64% [1] - The net profit for the third quarter was 33.39 million yuan, showing a year-on-year growth of 251.22% [1] - For the first three quarters, the total revenue amounted to 1.616 billion yuan, with a year-on-year increase of 24.00% [1] - The net profit for the first three quarters was 51.77 million yuan, reflecting a year-on-year growth of 259.65% [1]

广东翔鹭钨业股份有限公司 2025 年第三季度报告 证券代码：002842 证券简称：翔鹭钨业 公告编号：2025-079 广东翔鹭钨业股份有限公司 2025 年第三季度报告 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。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 否 □是 否 1 广东翔鹭钨业股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 685,071,970.54 | 70.64% ...

证券日报网讯翔鹭钨业（002842）10月28日在互动平台回答投资者提问时表示，截至2025年10月20日的 股东人数为40，718户。 ...

Market Overview - The small metals sector experienced a decline of 1.55% on October 28, with Xiyang Co. leading the drop [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Small Metals Sector Performance - Notable gainers in the small metals sector included: - Zhongtung High-tech (000657) with a closing price of 22.51, up 10.02% and a trading volume of 1.46 million shares [1] - Dongfang Silver (000962) closed at 34.50, up 8.15% with a trading volume of 606,400 shares [1] - Yunnan Chuangye (002428) closed at 27.96, up 3.44% with a trading volume of 388,100 shares [1] - Other companies with positive performance included Xianglu Tungsten Industry (002842) and Jintian Titanium Industry (688750), both showing modest gains [1] Fund Flow Analysis - The small metals sector saw a net outflow of 3.028 billion yuan from main funds, while retail investors contributed a net inflow of 2.267 billion yuan [2] - The main funds showed significant outflows from companies like Zhongtung High-tech and Yunnan Chuangye, while retail investors were net buyers in these stocks [3] Individual Stock Highlights - Zhongtung High-tech had a main fund net inflow of 509 million yuan, but also saw significant outflows from retail investors [3] - Yunnan Chuangye reported a main fund net inflow of 154 million yuan, with retail investors also showing net outflows [3] - Dongfang Silver experienced a main fund net inflow of 73.66 million yuan, while retail investors had a slight outflow [3]

（文章来源：每日经济新闻） 翔鹭钨业（002842.SZ）10月28日在投资者互动平台表示，公司严格按照相关法律、法规及规范性文件 履行信息披露义务，根据《深圳证券交易所股票上市规则》的相关规定，对季度业绩预告不做强制性披 露要求。公司已预约2025年10月30日披露2025年第三季度报告。 每经AI快讯，有投资者在投资者互动平台提问：迟迟未见公司发布三季度预告，请问是什么原因？ ...

Group 1 - The small metal sector is experiencing sustained activity, with tungsten leading the gains [1] - Zhongtung High-tech has reached the daily limit increase, indicating strong market interest [1] - Other companies such as Xiamen Tungsten, Xianglu Tungsten, and Zhangyuan Tungsten are also seeing upward movement in their stock prices [1]

Core Viewpoint - The A-share small metal industry experienced a collective rise on October 27, with tungsten-related companies leading the gains, driven by strong raw material prices and increased product pricing across the industry [1] Industry Summary - The leading company, Xiamen Tungsten, reached its daily limit up and set a new high, while other companies like Zhongtung High-tech and Zhangyuan Tungsten also saw significant increases of over 6% and 4%, respectively [1] - Tungsten market prices are on the rise, with the price of 65% black tungsten concentrate reported at 285,000 yuan per standard ton, up 99.3% since the beginning of the year; tungsten powder prices at 630 yuan per kilogram, up 99.4%; and tungsten carbide powder at 615 yuan per kilogram, up 97.8% [1] Market Dynamics - Despite the continuous rise in tungsten prices, downstream demand has not increased correspondingly, leading to weak market transactions at high price levels [1] - The short-term tungsten market is expected to be primarily driven by cost factors, with caution advised regarding potential price corrections and changes in downstream acceptance, as well as uncertainties in the international macroeconomic environment [1]

Group 1 - The small metal sector experienced a significant rise, with companies like Dongfang Tantalum Industry and Zhongtung High-tech both increasing by over 8% [1] - Other companies such as Xiamen Tungsten Industry, Zhangyuan Tungsten Industry, Xianglu Tungsten Industry, and Baowu Magnesium Industry also saw gains [1]

Investment Rating - Industry rating: Recommended [3] Core Insights - The report emphasizes the strategic revaluation of key metals, particularly focusing on rare earths and cobalt [24] - Nickel prices are expected to be supported due to tightened supply expectations following Indonesia's new regulation reducing the approval cycle for mining plans from three years to one year [26][27] - Cobalt prices have continued to rise, with expectations of increasing supply tightness further driving prices up [30][33] - Antimony supply is expected to remain tight, providing a bottom support for antimony prices [34] - Lithium carbonate prices are projected to remain strong due to ongoing demand and inventory depletion [16] - China's dominance in rare earth supply is reinforced by stricter export controls, which are expected to support rare earth prices [18] - Tin supply remains uncertain due to ongoing challenges in overseas supply, which is expected to support tin prices [19] - Tungsten prices are supported by a tightening supply situation, with production rates slowing down [20] - Uranium supply tightness is anticipated to continue, supporting uranium prices [21] Summary by Sections Nickel and Cobalt Industry Update - Indonesia's new regulation on mining approvals is expected to tighten future ore supply, supporting nickel prices [26] - As of October 24, LME nickel price was $15,085 per ton, up 1.04% from October 17 [26] - Cobalt prices have risen significantly, with electrolytic cobalt reaching 408,500 CNY per ton, a 6.94% increase [30] Antimony Industry Update - Domestic antimony prices have decreased, but long-term supply tightness is expected to support prices [34] - China's antimony production is projected to dominate global supply, accounting for 60% of the total [34] Lithium Industry Update - Lithium carbonate prices have increased, with a market average of 73,700 CNY per ton as of October 24 [16] - Demand from the battery sector continues to drive price support [16] Rare Earth Industry Update - China's strict export controls on rare earths are expected to tighten supply and support prices [18] - The report highlights the importance of China's role in the global rare earth supply chain [18] Tin Industry Update - Tin prices are supported by supply uncertainties, particularly from Myanmar and Indonesia [19] - As of October 24, LME tin price was $35,925 per ton, up 2.42% from October 17 [19] Tungsten Industry Update - The tungsten supply situation is tightening, with production rates slowing down [20] - Prices for tungsten concentrate have increased, reflecting supply constraints [20] Uranium Industry Update - The report indicates a continued tight supply situation for uranium, supporting price stability [21] - Recent production guidance reductions from major suppliers are expected to impact future supply [21]

股票代码：002842 股票简称：翔鹭钨业 公告编号：2025-077 公司本次向特定对象发行 A 股股票事项尚需深圳证券交易所审核通过，并获 得中国证券监督管理委员会同意注册后方可实施。最终能否通过深圳证券交易所 审核并获得中国证券监督管理委员会同意注册的决定及其时间仍存在不确定性。 公司将根据上述事项的进展情况，及时履行信息披露义务，敬请广大投资者谨慎 决策，注意投资风险。 特此公告。 广东翔鹭钨业股份有限公司 董事会 2025 年 10 月 25 日 广东翔鹭钨业股份有限公司 关于 2023 年度向特定对象发行 A 股股票申请 获得深圳证券交易所受理的公告 本公司全体董事、高级管理人员保证公告内容真实、准确和完整，并对公 告中的虚假记载、误导性陈述或者重大遗漏承担责任。 广东翔鹭钨业股份有限公司（以下简称"公司"）近日收到深圳证券交易所 出具的《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）。深圳证券交易所对公司报送的向特定对象发行 股票的申请文件进行了核对，认为申请文件齐备，决定予以受理。 ...