一、当日行情分析 2、特朗普要对格陵兰岛"动真格"？白宫：正考虑各种方案，不排除武力夺取！ 继委内瑞拉之后，特朗普对格陵兰岛的"野心"也已是路人皆知。综合央视新闻等媒体报道，美东时间周二，白宫新闻秘书卡罗琳·莱维特表示，特朗普总统 和他的团队正在考虑"一系列选项"来获得格陵兰岛，其中包括"利用美国军队"。 莱维特在一份声明中指出，"特朗普总统已经明确表示，获得格陵兰岛是美国的国家安全优先事项，这对于威慑我们在北极地区的对手至关重要。总统及其 团队正在讨论一系列方案以实现这一重要的外交政策目标，当然，动用美国军队始终是三军统帅可以采取的选项之一。" 1、市场观察——半导体大涨 1月7日，沪指微涨录得14连阳，创业板指冲高回落。沪深两市成交额2.85万亿，较上一个交易日放量476亿，成交额连续2个交易日超2.8万亿。截至收盘，沪 指涨0.05%，深成指涨0.06%，创业板指涨0.31%。 | 大涨板块 | 260107 (周3) | 260106 (周2) | 260105 (周1) | 251231 (周3) | | --- | --- | --- | --- | --- | | 1 | 光刻机(胶) 12 | ...

资料显示，崇义章源钨业股份有限公司位于江西省赣州市崇义县城塔下，成立日期2000年2月28日，上 市日期2010年3月31日，公司主营业务涉及钨产业链上相关产品(包括APT、氧化钨、钨粉、碳化钨粉、 钨材、硬质合金及其工具等)的冶炼、加工、研发和销售。主营业务收入构成为：碳化钨粉34.10%，钨 粉31.47%，硬质合金21.28%，其他(补充)8.49%，其他产品4.00%，仲钨酸铵0.65%，氧化钨0.01%。 1月7日，章源钨业涨6%，截至发稿，报15.90元/股，成交6.97亿元，换手率3.79%，总市值191.03亿元。 从基金十大重仓股角度 责任编辑：小浪快报 截至发稿，吕智卓累计任职时间5年10天，现任基金资产总规模33.64亿元，任职期间最佳基金回报 23.32%， 任职期间最差基金回报-8.65%。 崔涛累计任职时间2年217天，现任基金资产总规模1.6亿元，任职期间最佳基金回报24.06%， 任职期间 最差基金回报-6.1%。 胡玺潮累计任职时间108天，现任基金资产总规模1.23亿元，任职期间最佳基金回报4.08%， 任职期间 最差基金回报0.11%。 风险提示：市场有风险，投资需谨慎。 ...

（来源：中国稀土行业协会） | 类别 | 产品名 | 纯度 | 参考价(元/公斤) | 涨跌 | | --- | --- | --- | --- | --- | | 钢系列 | 氧化铜 | >99% | 3.3 - 5.3 | - -7 | | | 氧化铜 | 209 999% | 15.0 - 19.0 | - | | | 灰酸铜 | 45-50% CeO2/TREO 100% | 4.2 - 6.2 | 一平 | | 钟系列 | 氧化師 | >99% | 10.5 - 12.5 | में | | | 氧化師 | >99.99% | 20.3 - 24.3 | 本 | | | 金属铜 | >99% | 27.0 - 31.0 | 2 | | 错系列 | 氧化罐 | >99% | 603.0 - 623.0 | -25 | | 敏系列 | 氧化敏 | >99% | 601.0 - 621.0 | -75 | | | 金属敏 | >99% | 742.0 - 762.0 | न्द | | 彰系列 | 氧化钨 | >99.9% | 14.5 - 16.5 | गर | | | 金属彤 | >99% | 69. ...

华夏中证1000ETF（159845）成立日期2021年3月18日，最新规模454.69亿。今年以来收益25.59%，同 类排名2025/4197；近一年收益22.74%，同类排名2208/4157；成立以来收益26.36%。 华夏中证1000ETF（159845）基金经理为赵宗庭。 12月24日，章源钨业跌5.72%，截至发稿，报15.33元/股，成交2.86亿元，换手率1.53%，总市值184.18 亿元。 资料显示，崇义章源钨业股份有限公司位于江西省赣州市崇义县城塔下，成立日期2000年2月28日，上 市日期2010年3月31日，公司主营业务涉及钨产业链上相关产品(包括APT、氧化钨、钨粉、碳化钨粉、 钨材、硬质合金及其工具等)的冶炼、加工、研发和销售。主营业务收入构成为：碳化钨粉34.10%，钨 粉31.47%，硬质合金21.28%，其他(补充)8.49%，其他产品4.00%，仲钨酸铵0.65%，氧化钨0.01%。 从章源钨业十大流通股东角度 数据显示，华夏基金旗下1只基金位居章源钨业十大流通股东。华夏中证1000ETF（159845）三季度减 持4100股，持有股数326.46万股，占流通股的比例为 ...

Group 1: Company Overview - The company primarily engages in the development and utilization of tungsten mining resources, producing ammonium paratungstate (APT), tungsten oxide, tungsten powder, tungsten carbide powder, thermal spray powder, and hard alloy products, establishing a comprehensive tungsten industry chain [1] - The upstream business focuses on tungsten mining resource exploration and selection, with tungsten concentrate as the main product, and by-products including tin and copper concentrates sold externally [1] - The midstream production includes various specifications of powder products, capable of producing ultra-fine, fine, medium, coarse, and ultra-coarse powders to meet diverse customer needs [2] Group 2: Resource Integration and Procurement - The company completed the verification report for tungsten resource reserves in the Taoxikeng mining area and submitted the development plan for review by the Ministry of Natural Resources in the first half of 2025 [3] - The company self-produces all tungsten concentrates for its own use and procures additional tungsten concentrates and APT from qualified suppliers, ensuring stable raw material supply through rigorous supplier evaluation [4] Group 3: Business Operations and Market Position - Ganzhou Aoketai specializes in cutting tools for difficult-to-machine materials, producing various types of cutting tools for industries such as automotive, aerospace, and energy, with steady sales growth expected in 2025 [5][6] - The company aims to enhance its production capacity for competitive, high-value-added products based on market demand [6] Group 4: Future Trends and Strategic Direction - Tungsten is a strategic mineral resource in China, with supply constraints and increasing downstream demand expected to stabilize tungsten concentrate prices [6] - The company focuses on efficient utilization and development of tungsten resources, emphasizing high-performance, high-precision, and high-value-added hard alloys [6] - Plans include strengthening upstream resource exploration, optimizing midstream production processes, and advancing downstream high-end brand strategies in sectors like aerospace and new energy [6]

Group 1: Company Overview - The company primarily engages in the development and utilization of tungsten mining resources, producing ammonium paratungstate (APT), tungsten oxide, tungsten powder, tungsten carbide powder, thermal spray powder, and hard alloys, establishing a comprehensive production system across the tungsten industry chain [1] - The upstream business focuses on tungsten mining resource exploration and selection, with tungsten concentrate as the main product, and by-products including tin and copper concentrates sold externally [1] - The midstream segment produces various specifications of powder products, including ultra-fine, fine, medium, coarse, and ultra-coarse powders, catering to diverse customer needs [2] Group 2: Mining Operations - The company completed the filing of the tungsten resource reserve verification report for the Taoxikeng tungsten mine and the Dongfeng exploration rights area in the first half of 2025, and submitted the development and utilization plan for review [3] - Mining costs are influenced by geological conditions, ore grades, management levels, and labor costs, resulting in varying costs across different mines [3] Group 3: Raw Material Procurement - The company utilizes all self-produced tungsten concentrates and procures additional tungsten concentrates and APT externally to meet mid and downstream production needs [4] - Suppliers are evaluated based on management capabilities and technical levels, ensuring a stable supply of raw materials through long-term partnerships with qualified suppliers [4] Group 4: Business Performance and Market Outlook - The subsidiary, Ganzhou Aoketai, specializes in cutting tools for difficult-to-machine materials, with steady sales growth in 2025, and plans to expand competitive, high-value-added product capacity based on market demand [5] - Tungsten is a strategic mineral resource in China, subject to protective mining quotas, with tight supply and increasing downstream demand expected to stabilize tungsten concentrate prices in the future [5]

Group 1: Company Overview - The company primarily engages in the development and utilization of tungsten mining resources, producing ammonium paratungstate (APT), tungsten oxide, tungsten powder, tungsten carbide powder, thermal spray powder, and hard alloy products, establishing a comprehensive production system across the tungsten industry chain [1] - The upstream business focuses on tungsten mining resource exploration and selection, with tungsten concentrate as the main product, and by-products including tin and copper concentrates sold externally [1] - The midstream segment produces various specifications of powder products, including ultra-fine, fine, medium, coarse, and ultra-coarse powders, catering to diverse customer needs [2] Group 2: Resource Integration and Procurement - The company has completed the verification report for tungsten resource reserves in the Taoxikeng mining area and submitted the development plan for review by the Ministry of Natural Resources [3] - The company self-produces all tungsten concentrates for its own use and procures additional tungsten concentrates and APT from qualified suppliers to ensure stable raw material supply [4] Group 3: Sales and Market Performance - From January to September 2025, tungsten raw material prices increased year-on-year, leading to a rise in product sales and revenue [5] - The subsidiary, Ganzhou Aoketai, specializes in cutting tools for difficult-to-machine materials, maintaining steady sales growth in the same period [6] Group 4: Future Development Directions - The company aims to enhance the efficient utilization and development of tungsten resources, focusing on high-performance, high-precision, and high-value-added hard alloy products [7] - Plans include increasing exploration efforts for mining rights, optimizing production processes, and developing specialized powder products to meet diverse market demands [7] - The company is committed to building a sustainable development system, promoting green and high-quality growth, and expanding into high-end markets such as aerospace and new energy [7]

Core Viewpoint - Zhangyuan Tungsten's stock price has shown significant growth this year, with a year-to-date increase of 104.91% and a market capitalization of 15.751 billion yuan as of November 20 [1] Group 1: Stock Performance - On November 20, Zhangyuan Tungsten's stock rose by 2.34%, reaching 13.11 yuan per share, with a trading volume of 377 million yuan and a turnover rate of 2.45% [1] - The stock has experienced a 3.07% increase over the last five trading days, a 7.46% increase over the last 20 days, and a 24.86% increase over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" three times this year, with the most recent appearance on November 10, where it recorded a net buy of -94.9747 million yuan [1] Group 2: Company Overview - Zhangyuan Tungsten Industry Co., Ltd. was established on February 28, 2000, and went public on March 31, 2010, focusing on the tungsten industry chain, including products like APT, tungsten oxide, tungsten powder, and hard alloys [2] - The company's revenue composition includes tungsten carbide powder (34.10%), tungsten powder (31.47%), hard alloys (21.28%), and other products [2] - As of September 30, the company reported a revenue of 3.878 billion yuan for the first nine months of 2025, representing a year-on-year growth of 37.38%, and a net profit of 190 million yuan, up 29.71% year-on-year [2] Group 3: Shareholder Information - As of September 30, the number of shareholders increased to 98,100, a rise of 80.69%, while the average circulating shares per person decreased by 44.66% to 12,185 shares [2] - The top circulating shareholder is Hong Kong Central Clearing Limited, holding 13.0064 million shares, an increase of 4.2207 million shares from the previous period [3] - Other notable shareholders include Yinhua Xinjia Two-Year Holding Period Mixed Fund and Southern CSI 1000 ETF, with varying changes in their holdings [3]

Core Viewpoint - Zhangyuan Tungsten Industry has shown significant stock price appreciation and strong financial performance in 2023, indicating potential growth in the tungsten industry. Financial Performance - As of September 30, 2025, Zhangyuan Tungsten achieved a revenue of 3.878 billion yuan, representing a year-on-year growth of 37.38% [2] - The net profit attributable to shareholders for the same period was 190 million yuan, reflecting a year-on-year increase of 29.71% [2] - The company has distributed a total of 862 million yuan in dividends since its A-share listing, with 269 million yuan distributed over the last three years [3] Stock Market Activity - On November 7, 2023, the stock price increased by 2.04%, reaching 13.48 yuan per share, with a trading volume of 341 million yuan and a turnover rate of 2.16% [1] - The stock has appreciated by 110.69% year-to-date, with a 4.58% increase over the last five trading days, 8.10% over the last 20 days, and 45.57% over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent instance on August 26, 2023, where it recorded a net buy of -121 million yuan [1] Shareholder Structure - As of September 30, 2025, the number of shareholders increased to 98,100, up by 80.69% from the previous period [2] - The average number of circulating shares per shareholder decreased by 44.66% to 12,185 shares [2] - Major shareholders include Hong Kong Central Clearing Limited, which holds 13.0064 million shares, and several ETFs, with varying changes in their holdings [3]

Core Viewpoint - Zhangyuan Tungsten's stock price has shown significant growth this year, with a year-to-date increase of 104.44%, indicating strong market performance and investor interest [1][2]. Financial Performance - For the period from January to September 2025, Zhangyuan Tungsten achieved a revenue of 3.878 billion yuan, representing a year-on-year growth of 37.38% [2]. - The net profit attributable to shareholders for the same period was 190 million yuan, reflecting a year-on-year increase of 29.71% [2]. Stock Market Activity - As of October 31, Zhangyuan Tungsten's stock price was 13.08 yuan per share, with a trading volume of 416 million yuan and a turnover rate of 2.63% [1]. - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent instance on August 26, where it recorded a net buy of -121 million yuan [1]. Shareholder Information - As of September 30, the number of shareholders for Zhangyuan Tungsten was 98,100, an increase of 80.69% compared to the previous period [2]. - The average number of circulating shares per shareholder decreased by 44.66% to 12,185 shares [2]. Dividend Distribution - Since its A-share listing, Zhangyuan Tungsten has distributed a total of 862 million yuan in dividends, with 269 million yuan distributed over the past three years [3]. Institutional Holdings - As of September 30, the second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 13.0064 million shares, an increase of 4.2207 million shares from the previous period [3]. - The top ten circulating shareholders include various ETFs, with some showing changes in their holdings [3].