CHINA TUNGSTEN HIGHT(SZ:000657) 市值风云·2025-12-31 10:08Group 1 - The core viewpoint of the article highlights the significant stock price increase of Zhongtung High-tech (000657.SZ), which has tripled from around 9 yuan at the beginning of 2025 to approximately 30 yuan by late December, marking a notable shift in the tungsten industry [3] - The company's third-quarter report shows a dual increase in performance, with a five-year compound annual growth rate (CAGR) that is impressive, although there are concerns regarding cash flow [4] - The market's revaluation of a traditional manufacturing company like Zhongtung High-tech is attributed to its transition from being labeled as "cyclical" and "resource-dependent" to showcasing strengths such as integrated advantages and new demand from AI, particularly following the acquisition of mining assets [5]