Core Viewpoint - The company is planning to build a new hydrometallurgical production line to address outdated equipment and insufficient capacity, as the existing facility has been in operation for 27 years and is constrained by urban development and early safety and environmental technologies [1] Group 1: Project Overview - The new hydrometallurgical project aims to resolve issues related to wastewater, waste gas, and waste residue treatment, which the current production line cannot meet [1] - The project will enhance the company's production capabilities and allow for expansion without relocating [1] Group 2: Strategic Layout - The company will establish a "three-tier product hierarchy" strategy, focusing on securing supply chain safety with primary raw materials such as potassium fluotantalate, tantalum oxide, and niobium oxide [1] - The core competitive advantage will be built around products like melted tantalum/niobium, semiconductor targets, and superconducting niobium materials [1] - Future growth points will include the development of new tantalum and niobium compounds, superconducting wires, and large-diameter pipes, while maintaining a strong position in traditional markets such as chemical corrosion and capacitors [1]

（编辑 任世碧） 证券日报网12月11日讯 东方钽业在12月10日至11日回答调研者提问时表示，公司本次募集资金将用于 投资于三个建设项目及补充流动资金，其中建设项目规划如下：一是钽铌湿法冶金数字化工厂建设项 目。拟新建氟钽酸钾1100t/年、五氧化二铌1700t/年、高纯五氧化二铌150t/年、高纯五氧化二钽50t/年和 钽铌化合物209.5t/年和副产品锡精矿90t/年的生产线。项目总投资67，868.78万元。二是钽铌火法冶金 熔炼产品生产线改造项目。预计建成达产后，新增年产熔炼铌860t/年、熔炼钽80t/年、铌及铌合金条 74t/年、钽及钽合金条（棒）240t/年。项目总投资28，799.58万元。三是钽铌高端制品生产线建设项 目。预计建成达产后，钽铌板带制品产能将新增145t/年。项目总投资28，119.91万元。 ...

（编辑 任世碧） 证券日报网12月11日讯 东方钽业在12月10日至11日回答调研者提问时表示，公司的生产经营需综合考 虑市场需求、库存结构、客户订单、资源禀赋及公司长期发展等多方面因素。公司产品的销售价格主要 采用成本加成的模式确定，在与主要的客户一对一谈判确定某一周期内（一般分为年度、半年、季度） 产品价格水平、订货量、技术规格时，客户会参考合同签订前一段时间原材料价格平均值为依据确定。 受定价模式、市场竞争和客户关系协调等因素，原材料价格变动对产成品销售价格的传导存在一定的滞 后性。 ...

一是钽铌湿法冶金数字化工厂建设项目。拟新建氟钽酸钾1100t/年、五氧化二铌1700t/年、高纯五氧化 二铌150t/年、高纯五氧化二钽50t/年和钽铌化合物209.5t/年和副产品锡精矿90t/年的生产线。项目总投资 6.77亿元。二是钽铌火法冶金熔炼产品生产线改造项目。预计建成达产后，新增年产熔炼铌860t/年、熔 炼钽80t/年、铌及铌合金条74t/年、钽及钽合金条(棒)240t/年。项目总投资2.88亿元。三是钽铌高端制品 生产线建设项目。预计建成达产后，钽铌板带制品产能将新增145t/年。项目总投资2.81亿元。 答:公司本次募集资金将用于投资于三个建设项目及补充流动资金，其中建设项目规划如下： 格隆汇12月11日丨东方钽业(000962.SZ)在投资者关系中表示，有被问到:公司本次募集资金主要用于建 设哪些项目？ ...

答:公司本次募集资金将用于投资于三个建设项目及补充流动资金，其中建设项目规划如下： 一是钽铌湿法冶金数字化工厂建设项目。拟新建氟钽酸钾1100t/年、五氧化二铌1700t/年、高纯五氧化 二铌150t/年、高纯五氧化二钽50t/年和钽铌化合物209.5t/年和副产品锡精矿90t/年的生产线。项目总投资 6.77亿元。二是钽铌火法冶金熔炼产品生产线改造项目。预计建成达产后，新增年产熔炼铌860t/年、熔 炼钽80t/年、铌及铌合金条74t/年、钽及钽合金条(棒)240t/年。项目总投资2.88亿元。三是钽铌高端制品 生产线建设项目。预计建成达产后，钽铌板带制品产能将新增145t/年。项目总投资2.81亿元。 格隆汇12月11日丨东方钽业(000962.SZ)在投资者关系中表示，有被问到:公司本次募集资金主要用于建 设哪些项目？ ...

Core Viewpoint - The company is relocating its wet metallurgy project due to environmental and safety constraints of the existing facility, which has been in operation for 27 years, and aims to enhance production capacity and modernize equipment [1] Group 1: Project Justification - The existing wet metallurgy production line is too close to urban areas and cannot meet modern environmental standards for expansion or upgrades [1] - The new wet metallurgy project will involve the construction of a new production line to address outdated equipment and insufficient capacity [1] Group 2: Strategic Layout - The project aims to establish a "three-tier product hierarchy" strategy, ensuring supply chain security with primary raw materials such as potassium fluotantalate, tantalum oxide, and niobium oxide [1] - The company plans to create competitive advantages by focusing on core products like melted tantalum/niobium, semiconductor targets, and superconducting niobium materials [1] - Future growth points will include the development of new tantalum and niobium compounds, superconducting wires, and large-diameter pipes, while solidifying the market position in traditional tantalum, niobium, and their alloys for chemical corrosion and capacitors [1]

宝钛股份公告，公司于2025年12月10日收到上海证券交易所出具的《关于受理宝鸡钛业股份有限公司沪 市主板上市公司发行证券申请的通知》。上交所对公司报送的沪市主板上市公司发行证券的募集说明书 及相关申请文件进行了核对，决定予以受理并依法进行审核。公司本次向不特定对象发行可转换公司债 券事项尚需通过上交所审核，并获得中国证监会作出同意注册的决定后方可实施，最终能否通过审核及 其时间尚存在不确定性。 ...

证券日报网讯 12月11日，东方钽业在互动平台回答投资者提问时表示，公司将严格遵守深交所信息披 露相关规定履行信息披露义务。 （文章来源：证券日报） ...

证券日报网讯 12月11日，东方钽业在互动平台回答投资者提问时表示，公司2025年四季度相关财务数 据请关注公司届时发布的2025年年度报告。 （文章来源：证券日报） ...

Core Viewpoint - The adjustment of the SSE 50 Index reflects a shift between traditional and emerging industries, indicating changes in market liquidity rather than a direct correlation with the fundamental performance of the companies involved [1][5]. Group 1: Index Adjustment Details - The SSE 50 Index will see the removal of China Mobile, Poly Developments, China Aluminum, and CRRC, while SAIC Motor, Northern Rare Earth, Huadian New Energy, and Zhongke Shuguang will be added, effective December 12 [1]. - The index is based on the SSE 180 Index, selecting the top 50 securities with the largest market capitalization and liquidity, with adjustments occurring semi-annually [2]. Group 2: Performance of Removed Companies - China Mobile reported a net profit of 842 billion yuan in the first half of the year, a 5% increase year-on-year, but was removed due to low average daily trading volume [3]. - Poly Developments, despite being the highest market cap in the real estate sector with a market value of 760.12 billion yuan, was also removed for similar liquidity reasons, although it demonstrated strong sales recovery and cash flow capabilities [3]. - China Aluminum and CRRC's removal is attributed to decreased trading activity linked to macroeconomic cycles affecting their respective industries [4]. Group 3: Market Reactions and Future Outlook - Analysts view the index adjustment as a normal operation within the rules, emphasizing that it does not strongly correlate with the companies' fundamentals [5]. - Both China Mobile and Poly Developments remain industry leaders, with China Mobile having 980 million mobile users and a significant role in 5G infrastructure [5][6]. - Poly Developments is transitioning from merely selling properties to managing them, aligning with national economic goals, and continues to hold a substantial market share in the real estate sector [6]. - Historical data shows that companies removed from indices can still perform well based on their fundamentals, indicating that long-term value is determined by core business performance rather than index inclusion [7].