每经AI快讯，有投资者在投资者互动平台提问：请问贵公司生产的铋纯度可以达到多少？6N级的铋是 不是涨到320万一吨了？ 中钨高新（000657.SZ）9月18日在投资者互动平台表示，公司旗下柿竹园公司目前出售的为铋精矿，暂 不涉及铋的加工业务。 （记者 王瀚黎） ...

Core Viewpoint - The company, Zhongtung High-tech, has confirmed its production capacity for various rare metals and indicated that rising prices of by-products could enhance its profitability [2] Production Capacity - The company’s subsidiary, Shizhu Garden, is a large tungsten polymetallic mine, primarily producing tungsten concentrate, with by-products including molybdenum concentrate, bismuth concentrate, and fluorite [2] - The annual production of molybdenum concentrate and bismuth concentrate is approximately 1,500 tons each [2] - The annual production of fluorite is around 320,000 tons [2] Impact of Price Increases - The company stated that an increase in the prices of its by-product metals would positively impact its profitability [2]

Growth Drivers - Future profit growth will be driven by both external and internal factors, including the injection of remaining tungsten mine assets and acquisitions in upstream and downstream sectors [2] - The company aims to enhance development through technological innovation, focusing on green, intelligent, and high-end growth, while controlling management costs to improve overall profitability [2] 2024 Performance - In 2024, the company achieved a revenue of CNY 14.743 billion, a year-on-year increase of 7.8%; total profit reached CNY 1.176 billion, up 15.6% year-on-year; earnings per share increased by CNY 0.07 [3] - Growth was attributed to the acquisition of 100% equity in Shizhu Garden, which enhanced overall revenue and profit through integrated operations, and adjustments in product structure to increase the proportion of high-value-added products [3] Q1 2025 Performance - In Q1 2025, the net profit attributable to shareholders reached CNY 221 million, a significant increase compared to the same period last year; the net profit after deducting non-recurring gains and losses was CNY 204 million, up 341.62% year-on-year [4] - The increase was driven by high prices of mineral resource products and the profitability boost from AI and cloud computing sectors since Q3 2024 [4] Tungsten Price Outlook - Tungsten, a strategic scarce resource, is expected to see price support due to supply constraints from government regulations and declining ore grades, despite the need to monitor the recovery of the hard alloy market [5] Production and Supply - The company currently has a tungsten concentrate annual production of approximately 8,000 tons, with a self-sufficiency rate of about 20%; including other mines, the total production is estimated at 26,000-27,000 tons, with a self-sufficiency rate exceeding 70% [6] - The Shizhu Garden project is progressing well, expected to be completed by 2027, which will increase annual tungsten concentrate production to 10,000 tons [6] Market Dynamics - Rising tungsten prices are expected to impact downstream processing profits, but the company plans to increase the proportion of high-value-added products to improve gross margins [6] - The company’s hard alloy products account for about 25% of its overseas market share, generating approximately CNY 3 billion in revenue [7] Competitive Landscape - The hard alloy market is characterized by intense competition, with upstream tungsten concentrate prices affecting downstream product pricing; the company plans to control costs and enhance R&D capabilities to improve competitiveness [7]