每经AI快讯，*ST四通（SH 603838，收盘价：7.18元）12月12日晚间发布公告称，公司第五届第十三次 董事会会议于2025年12月12日以现场和通讯表决方式召开。会议审议了《关于增加2025年度日常关联交 易预计额度的议案》等文件。 截至发稿，*ST四通市值为23亿元。 每经头条（nbdtoutiao）——专访管涛：美国政府经济贸易政策正逐渐动摇美元本位国际货币体系，利 多因素下人民币汇率有可能破7 （记者 贾运可） 2024年1至12月份，*ST四通的营业收入构成为：陶瓷行业占比85.89%，锆行业占比13.93%，其他业务 占比0.17%。 ...

Core Viewpoint - Guangdong Dongfang Zirconium Industry Co., Ltd. has approved significant investment projects aimed at expanding its production capacity in the zirconium industry, specifically focusing on the production of battery-grade zirconium oxychloride and high-purity zirconium-hafnium separation oxides [15][19]. Group 1: Investment Projects - The company has approved the investment in a project to construct an annual production capacity of 60,000 tons of battery-grade zirconium oxychloride and 12,000 tons of high-purity zirconium-hafnium separation oxides [2][15]. - The project will be executed in two phases: the first phase will establish a production line for 35,000 tons/year of high-purity zirconium oxychloride, while the second phase will add another 25,000 tons/year and 12,000 tons/year of oxides [15][17]. - The total investment budget for the project is estimated at 737 million yuan, with funding sourced from the company's own or self-raised funds [17][19]. Group 2: Asset Purchase and Related Transactions - The company has also approved a related transaction involving the purchase of assets from Longbai Group's subsidiary for 66.5743 million yuan, which includes land and buildings necessary for the new production project [19][20]. - This transaction is classified as a related party transaction, as the seller is a wholly-owned subsidiary of the company's controlling shareholder [20][21]. - The asset purchase is expected to enhance the company's operational efficiency and align with its strategic development goals, ensuring no adverse impact on the company's financial health [40][42]. Group 3: Strategic Implications - The investment and asset acquisition are aligned with the company's long-term development strategy, focusing on high-tech and high-value-added business expansion in emerging applications of zirconium products [16][40]. - The projects are expected to strengthen the company's core competitiveness and profitability, contributing to sustainable development and scale efficiency [16][40]. - The company emphasizes that these initiatives will not harm the interests of shareholders, particularly minority shareholders, and are in compliance with national industrial policies [16][40].

Core Viewpoint - Dongfang Zirconium reported a significant decline in revenue and net profit for Q3 2025, indicating challenges in the current market environment [1] Financial Performance - In Q3 2025, the company achieved a revenue of 301 million yuan, a year-on-year decrease of 28.34% [1] - The net profit attributable to shareholders was 9.6046 million yuan, down 48.25% year-on-year [1] - Basic earnings per share for Q3 2025 were 0.0124 yuan [1] - For the first three quarters of 2025, the company reported a total revenue of 927 million yuan, a decline of 24.86% compared to the previous year [1] - The net profit attributable to shareholders for the first three quarters was 38.6812 million yuan, showing a significant increase of 193.66% year-on-year [1] - Basic earnings per share for the first three quarters were 0.0499 yuan [1]

Group 1 - *ST Sihua (SH 603838) held its 11th meeting of the 5th board of directors on October 24, 2025, to discuss the appointment of a vice president [1] - For the year 2024, *ST Sihua's revenue composition is as follows: ceramics industry accounts for 85.89%, zirconium industry accounts for 13.93%, and other businesses account for 0.17% [1] - As of the report date, *ST Sihua has a market capitalization of 2.4 billion yuan [1] Group 2 - The Chinese innovative drug sector has generated $80 billion in overseas licensing deals this year [1] - The secondary market for biomedicine is thriving, while the primary market is facing challenges in fundraising [1]

Group 1 - The core point of the announcement is that the controlling shareholder, Huang Jianping, has completed a share buyback of approximately 1.88 million shares, accounting for 0.59% of the total share capital, with a total transaction amount of 10.18 million yuan [2] Group 2 - For the fiscal year 2024, the revenue composition of *ST Sihua is as follows: the ceramics industry accounts for 85.89%, the zirconium industry accounts for 13.93%, and other businesses account for 0.17% [2]

Core Viewpoint - Dongfang Zirconium announced the convening of its 23rd meeting of the 8th Board of Directors on August 11, 2025, to review various proposals [2] Group 1: Company Performance - For the first half of 2025, Dongfang Zirconium's revenue composition was entirely from zircon products, accounting for 100.0% [2]