CHINA TUNGSTEN HIGHT(SZ:000657) Xin Lang Cai Jing·2025-10-21 06:00Core Viewpoint - Zhongtung High-tech experienced a 5.47% increase in stock price, reaching 17.55 CNY per share, with a trading volume of 771 million CNY and a turnover rate of 3.10%, resulting in a total market capitalization of approximately 39.996 billion CNY [1] Company Overview - Zhongtung High-tech Materials Co., Ltd. is located in Zhuzhou City, Hunan Province, and was established on March 18, 1993, with its listing date on December 5, 1996 [1] - The company's main business involves the research, development, production, sales, and trade of hard alloys and rare metals such as tungsten, molybdenum, tantalum, and niobium [1] - The revenue composition of the main business includes: - Concentrate and powder products: 34.74% - Other hard alloys: 23.13% - Cutting tools and tools: 21.68% - Refractory metals: 16.23% - Trade and equipment: 4.22% [1] Shareholder Analysis - Silver Hua Fund's Silver Hua Xinjia Two-Year Holding Period Mixed Fund (010730) is among the top ten circulating shareholders of Zhongtung High-tech, having reduced its holdings by 1.48 million shares in the second quarter, now holding 5.3235 million shares, which is 0.43% of the circulating shares [2] - The fund has achieved a year-to-date return of 44.96%, ranking 951 out of 8162 in its category, and a one-year return of 40.75%, ranking 1253 out of 8024 [2] Fund Manager Performance - The fund managers of Silver Hua Xinjia include Zhang Teng, Li Xiaoxing, and Du Yu, with their respective performance metrics as follows: - Zhang Teng: 10 years and 221 days of service, with a total fund size of 5.361 billion CNY, best return of 96.89%, and worst return of -44.7% [3] - Li Xiaoxing: 10 years and 110 days of service, with a total fund size of 24.674 billion CNY, best return of 252.35%, and worst return of -35.38% [3] - Du Yu: 5 years and 317 days of service, with a total fund size of 8.819 billion CNY, best return of 77.85%, and worst return of 2.16% [3] Fund Holdings - Silver Hua Fund's Silver Hua Ruihe Flexible Allocation Mixed Fund (005544) holds 292,400 shares of Zhongtung High-tech, accounting for 5.17% of the fund's net value, ranking as the sixth-largest holding [4] - The fund has achieved a year-to-date return of 50.81%, ranking 619 out of 8162 in its category, and a one-year return of 46.76%, ranking 835 out of 8024 [4]