Guangdong Xianglu Tungsten (SZ:002842) 智通财经网·2026-02-12 14:45Core Viewpoint - The stock price of Xianglu Tungsten Industry (002842.SZ) has increased significantly by 48.86% over five consecutive trading days, raising concerns about potential risks the company may face [1] Group 1: Economic and Industry Risks - The company is exposed to macroeconomic fluctuations that could impact its operating performance, particularly if major customers' economies experience significant cyclical volatility, affecting market demand for tungsten products and accounts receivable recovery [1] - The tungsten industry is subject to regulatory adjustments, as the government aims to control the mining and consumption of this strategic resource, which could impact the company's operations if policies tighten or performance indicators fall short of expectations [1] Group 2: Supply Chain and Material Risks - The company relies on external procurement of tungsten concentrate, and while it adjusts product prices based on tungsten concentrate price fluctuations, any drastic changes in raw material prices that are not matched by product price adjustments could affect gross margins and operating performance [2] - The company does not depend on a single or few suppliers for tungsten concentrate, but the short-term nature of procurement contracts (generally not exceeding one year) poses a risk if there is a sudden surge in demand or if the government restricts mining quotas [2] Group 3: Competitive and Export Risks - As a leading tungsten producer and consumer, the company faces strict management from the government regarding all aspects of the tungsten industry, including export qualifications. Any significant changes in the standards for export qualifications could adversely affect the company's export business and overall performance [3] - The company’s export activities are also subject to exchange rate fluctuations, which could impact its financial results [4]