证券代码：002378 证券简称：章源钨业 编号：2024-064 崇义章源钨业股份有限公司 第六届监事会第十次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 崇义章源钨业股份有限公司（以下简称"公司"）第六届监事会第十次会议（以 下简称"会议"）通知于 2024 年 12 月 4 日以专人送达、电话或电子邮件的方式发 出，于 2024 年 12 月 14 日在公司会议室以现场方式召开。会议应出席监事 3 名， 实际出席监事 3 名，本次会议由监事会主席刘军先生主持。本次监事会的召开符 合《中华人民共和国公司法》及公司《章程》的规定。 二、监事会会议审议情况 1. 审议通过《关于 2024 年 1-10 月资产损失的议案》。 表决结果：同意票 3 票，反对票 0 票，弃权票 0 票。 经审议，监事会认为：公司 2024 年 1-10 月资产损失事项，是在对公司合并 报表范围内的各类资产全面清查的基础上进行充分分析和评估后确定的，符合 《企业会计准则》和公司相关制度的规定，同意公司本次资产损失事项。 具体内容参见公司 202 ...

证券代码：002378 证券简称：章源钨业 公告编号：2024-063 崇义章源钨业股份有限公司 第六届董事会第十三次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 崇义章源钨业股份有限公司（以下简称"公司"）第六届董事会第十三次会议 （以下简称"会议"）通知于 2024 年 12 月 4 日以专人送达、电话或电子邮件的形 式发出，于 2024 年 12 月 14 日在公司会议室以现场结合视频方式召开。本次会 议应出席董事 9 名，实际出席董事 9 名，其中董事潘峰先生、独立董事王京彬先 生、独立董事王平先生、独立董事吴崎右女士通讯表决。本次会议由董事长黄泽 兰先生主持，公司监事及部分高级管理人员列席了会议。本次会议的召开符合《中 华人民共和国公司法》及公司《章程》的规定。 二、董事会会议审议情况 本次会议经审议，通过如下议案： 1. 审议通过《关于 2024 年 1-10 月资产损失的议案》。 具体内容参见公司 2024 年 12 月 17 日披露于《证券时报》《中国证券报》 《上海证券报》和巨潮资讯网（http://w ...

证券代码：002378 证券简称：章源钨业 编号：2024-065 崇义章源钨业股份有限公司 关于 2024 年 1-10 月资产损失的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 为真实反映崇义章源钨业股份有限公司（以下简称"公司"）截至 2024 年 10 月 31 日的财务状况及经营成果，公司对公司及分子公司的各类资产进行全面清 查，并对各类资产进行了充分的分析和评估，确定 2024 年 1-10 月存在资产损失。 公司于 2024 年 12 月 14 日召开第六届董事会第十三次会议、第六届监事会 第十次会议，审议通过了《关于 2024 年 1-10 月资产损失的议案》。 一、2024 年 1-10 月资产损失情况 1. 存货损失 2024 年 1-10 月，公司存在少量库存产品、原材料报废产生损失 23.97 万元。 2. 固定资产损失 2024 年 1-10 月，公司清理老旧无法使用、工艺过时以及损坏的固定资产， 产生损失 1,021.34 万元，结转已计提的固定资产减值准备 10.64 万元。其中，大 额固定资产损失为大余石雷钨矿尾矿库及附 ...

证券代码：002378 证券简称：章源钨业 编号：2024-062 崇义章源钨业股份有限公司 崇义章源钨业股份有限公司（以下简称"本公司"或"公司"）收到控股股东崇 义章源投资控股有限公司（以下简称"章源控股"）、公司高级管理人员黄文先生 和刘佶女士《关于股份减持计划的告知函》，有关情况公告如下： 控股股东及部分高级管理人员减持股份预披露公告 公司控股股东崇义章源投资控股有限公司、公司高级管理人员黄文和刘佶保 证向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导性陈述或重大 遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 1. 持有本公司股份 728,616,456 股（占本公司总股本比例 60.65%）的公司控 股股东崇义章源投资控股有限公司，计划在本减持计划公告发布之日起 15 个交 易日后的 3 个月内，以大宗交易方式减持本公司股份不超过 24,000,000 股（占本 公司总股本比例 2%）。 2. 持有本公司股份 1,406,626 股（占本公司总股本比例 0.12%）的公司副总 经理黄文先生，计划在本减持计划公告发布之日起 15 个交易日后的 3 个 ...

Mining Resource Integration and Development - The company is actively integrating and expanding mining rights, including the Taoxikeng Tungsten Mine and Dongfeng Exploration Rights, as well as the Xin'anzi Tungsten Mine and Longtanmian Exploration Rights [1] - Deep-level reconstruction and expansion projects at the Dayu Shilei Tungsten Mine are progressing in an orderly manner [1] - Continuous efforts are being made to increase resource exploration and accelerate deep-level mining development [1] - The company is promoting resource integration between mining rights and surrounding exploration rights areas [1] - Intelligent mine construction is being accelerated, with a focus on integrated mining and processing intelligent technological transformation to improve mining efficiency [1][5] Ganzhou Aokete Tool Technology Development - Ganzhou Aokete focuses on providing comprehensive processing solutions for key industries such as automotive, engineering machinery, aerospace, rail transportation, medical, and energy [3] - Sales of coated blades and rod products have increased [3] - Current production capacity includes 20 million high-performance hard alloy precision tools and 1,000 tons of hard alloy rods annually [3] - Future plans include expanding production capacity for competitive, high-value-added products based on market demand [3] - Positioned as a "difficult-to-process material cutting expert," the company aims to replace imported products in the domestic market [3] - Sales model combines direct sales for key industry customers with a distributor network for small and medium-sized customers [3] Future Development Strategy - The company is committed to the utilization and development of tungsten resources, focusing on high-performance, high-precision, and high-value-added hard alloys [3] - Plans include extending the integrated production system and promoting digital transformation in production workshops [3] - The company aims to build intelligent, efficient, high-quality, and safe smart manufacturing factories [3] - Future development will focus on safety, environmental protection, quality improvement, stable production, cost reduction, and innovation [3] - The company will leverage its full industry chain advantages to promote steady development [3] Upstream, Midstream, and Downstream Development - Upstream: Accelerating resource exploration and deep-level mining development, promoting resource integration, and advancing intelligent mine construction [5] - Midstream: Utilizing tungsten resource advantages to build intelligent, efficient, high-quality, and safe automated production workshops [6] - Downstream: Ganzhou Aokete is deepening high-value-added hard alloy products and promoting high-end brand development strategies [6] - The company is accelerating product layout in key industries such as aerospace and new energy [6] - Five major business segments are being formed: indexable blades, integral cutting tools, hard alloy rods, coating equipment and services, and high-end ceramic materials [6]

证券代码：002378 证券简称：章源钨业 编号：2024-061 崇义章源钨业股份有限公司 关于控股股东部分股份解除质押及部分股份再质押的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、控股股东股份质押基本情况 崇义章源钨业股份有限公司（以下简称"公司"或"本公司"）于 2024 年 11 月 26 日接到控股股东崇义章源投资控股有限公司（以下简称"章源控股"）函告，获 悉章源控股所持本公司的部分股份解除质押及部分股份再质押，具体事项如下： （一）章源控股部分股份解除质押及部分股份再质押的基本情况 | 股东 | 是否为控股股东 | 本次解除 质押股份 | 占其所 | 占公司总 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 或第一大股东及 | 数量 | 持股份 | 股本比例 | 起始日 | | 解除日期 | | 质权人 | | | 一致行动人 | | 比例 | | | | | | | | | | （股） | | | | | | | | ...

Group 1: Mining Operations - The company is actively integrating mining rights and expanding key mining projects, including the consolidation of the Taoxikeng tungsten mine and the Dongfeng exploration area [2] - Ongoing expansion projects are progressing in an orderly manner, with a focus on deep mining development and resource integration [4] - The company aims to enhance its resource base by accelerating the exploration of mining rights and promoting intelligent mining construction [6] Group 2: Cost and Supply Chain Management - Mining costs are influenced by factors such as tungsten grade, mining depth, and management levels, leading to varying costs across different mines [4] - The company's self-sufficiency rate for raw materials is approximately 20%, with the remainder sourced externally due to national quota controls on tungsten mining [4] - The company has established strict supplier management protocols to ensure stable supply of key raw materials [4] Group 3: Future Development Plans - The company is committed to developing high-performance, high-precision, and high-value-added tungsten products, focusing on digital transformation in production [6] - Plans include enhancing resource security and considering strategic acquisitions that align with the company's development goals [8] - The company aims to strengthen its position in high-value hard alloy products and expand into key industries such as aerospace and new energy [7]

Group 1: Financial Performance - In the first three quarters of 2024, the company achieved an operating income of 2,823.08 million yuan, a year-on-year increase of 32.74% from 2,178.07 million yuan [1] - The net profit attributable to shareholders reached 1,465.80 million yuan, reflecting a year-on-year growth of 33.00% [1] - The operating profit totaled 1,711.26 million yuan, indicating a year-on-year increase of 29.63% [1] Group 2: Inventory and Asset Management - As of the first three quarters of 2024, the company recognized inventory impairment provisions amounting to 7.26 million yuan [1] - Cumulative write-offs of inventory impairment provisions from product sales reached 23.37 million yuan [1] Group 3: Mining Operations - The company is advancing the integration of mining rights and key projects, including the Taoxikeng tungsten mine and Dongfeng exploration rights [2] - The company aims to enhance resource exploration and accelerate deep mining construction to solidify its resource base [2] - The self-sufficiency rate for raw materials is approximately 20%, with the remainder sourced externally [2] Group 4: Market Strategy and Customer Engagement - The company focuses on providing comprehensive processing solutions for key industries such as automotive, aerospace, and energy, enhancing customer loyalty [2] - Sales of coated blades and bars have seen growth, with plans to expand competitive, high-value-added product capacity based on market demand [2]

证券代码：002378 证券简称：章源钨业 编号：20241030 1 崇义章源钨业股份有限公司投资者关系活动记录表 | --- | --- | --- | |-------------------------|---------------------------------|-------------------------------------------------------------------------------------| | | | | | | 特定对象调研 | □ 分析师会议 | | | □ 媒体采访 □ | 业绩说明会 | | 投资者关系活 动类别 | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | 其他（ 2024 | 年第三季度报告解读） | | | 10 月 29 日交流人员名单（ | 2024 年第三季度报告解读）： | | | | 民生证券：邱祖学，孙二春；兴华基金：高伟绚；幸福人寿保 | | | | 险股份有限公司：张王越；上海歌汝私募基金管理有限公司： | | 及人员姓名 | 资有限公司：刘寻峰 | 公司：赖正健；新华基金管理有限公司： ...

Investment Rating - The report maintains a "Recommended" rating for the company, with a current price of 6.84 yuan [5]. Core Views - The company reported a net profit attributable to shareholders of 1.47 billion yuan for the first three quarters of 2024, representing a year-on-year increase of 33%. The net profit for Q3 2024 was 0.34 billion yuan, up 44.42% year-on-year but down 59.64% quarter-on-quarter [1][2]. - The report highlights that the decline in tungsten, tin, and copper prices has negatively impacted mining profits, with a 3.87 percentage point decrease in gross margin in Q3 2024 [2]. - Future growth is anticipated from the mining sector benefiting from rising tungsten prices and the continued expansion of the cutting tool business [3]. Financial Forecasts - The company is projected to achieve revenues of 3.76 billion yuan in 2024, with a growth rate of 10.6%. The net profit attributable to shareholders is expected to be 191 million yuan, reflecting a growth rate of 32.5% [4][6]. - For the years 2025 and 2026, revenues are forecasted to reach 4.38 billion yuan and 5.11 billion yuan, respectively, with corresponding net profits of 265 million yuan and 326 million yuan [4][6]. - The price-to-earnings (PE) ratio is expected to decrease from 43 in 2024 to 25 in 2026, indicating improving valuation over time [4][6]. Key Business Insights - The company possesses rich upstream mineral resources, with a total tungsten resource reserve of 94,600 tons, which positions it well to benefit from rising tungsten prices [3]. - The cutting tool segment, particularly through its subsidiary Ganzhou Aoketai, is expected to become a significant growth driver, with a production capacity of 20 million pieces [3].