厦门钨业逆板块下跌，受板块调整与资金流出影响

Core Viewpoint - Xiamen Tungsten Co., Ltd. experienced a decline on February 13, 2026, primarily influenced by broader market conditions and sector performance [1] Group 1: Sector Performance - The non-ferrous metal sector showed weak performance, with the Shanghai Composite Index dropping by 1.26% and the non-ferrous metal sector index falling by 3.36% [2] - The tungsten concept sector index decreased by 3.71%, impacting Xiamen Tungsten as a constituent stock [2] Group 2: Capital Flow - On February 13, Xiamen Tungsten saw a net outflow of 318 million yuan in principal funds, accounting for 8.41% of the total trading volume, indicating some investors opted to take profits [3] - Despite a net inflow of 386 million yuan in financing over the past five days, short-term capital fluctuations have intensified stock price volatility [3] Group 3: Company Valuation - As of February 13, Xiamen Tungsten's dynamic price-to-earnings ratio stood at 39.76 times, lower than the industry median of 54.91 times, but the stock price had previously increased significantly (up 27% year-to-date as of February 6), suggesting potential technical correction pressure [4] Group 4: Company Fundamentals - Xiamen Tungsten reported strong performance in 2025, with revenue growth of 31.37% year-on-year and a net profit increase of 35.08% [5] - The company plans to acquire equity in Jiujiang Dadi Mining to enhance resource security, and it holds over 80% of the global market share in photovoltaic tungsten wire, indicating a positive fundamental trend [5]