章源钨业2025年度业绩快报：净利润同比增长68.73%，钨产品销量与价格双提升

崇义章源钨业股份有限公司发布2025年度业绩快报，净利润大增68.73%

【证券代码】：002378
【证券简称】：章源钨业
【公告编号】：2026-019

业绩概览

崇义章源钨业股份有限公司（以下简称“公司”）于2026年3月14日发布了2025年度业绩快报。该快报显示，公司2025年度主要财务数据均实现大幅增长，归属于上市公司股东的净利润同比增长高达68.73%，营业总收入同比增长41.61%。这些数据均为初步核算结果，虽已通过公司审计监察部审计，但尚未经过会计师事务所最终审计，最终数据以年度报告为准。

主要财务数据及指标

营业总收入： 52.02亿元，同比增加41.61%
营业利润： 3.54亿元，同比增加62.25%
利润总额： 3.33亿元，同比增加64.88%
归属于上市公司股东的净利润： 2.90亿元，同比增加68.73%
扣除非经常性损益后的净利润： 2.95亿元，同比增加64.13%
基本每股收益： 0.24元，同比增加71.43%
加权平均净资产收益率： 13.04%，提升4.77个百分点
总资产： 67.09亿元，较年初增加34.88%
归属于股东的所有者权益： 23.37亿元，较年初增加9.65%
每股净资产： 1.94元，较年初增加9.60%

经营业绩与财务状况说明

报告期内，公司受钨原料市场供应紧张影响，钨原料价格大幅上涨，市场需求随之增加。公司充分发挥产业链协同优势，持续提升产品性能，优化产能布局，保障稳定供货，实现产量和销量同步增长。这是推动公司业绩增长的核心因素。

资产端方面，总资产增长34.88%，主要由于钨原料价格上涨，公司为保障销售订单交付加大备货力度，导致存货大幅增长。同时，营业收入增加及年末回款力度加大，使货币资金期末余额提升显著。

对股东和投资者的影响（潜在股价敏感信息）

业绩大幅提升： 净利润、营业收入、基本每股收益等核心指标均实现50%以上大幅增长，显示主营业务盈利能力显著增强。
钨原料价格上涨： 行业周期性利好，钨产品价格大幅上涨直接带动公司利润提升，若未来钨价持续高位，将进一步利好公司业绩。
资产扩张： 公司总资产和净资产均大幅增长，表明公司经营规模扩张及财务稳健。
财务数据仅为初步核算： 该快报未经过会计师事务所审计，最终数据以年度报告为准，投资者需关注后续正式年报披露。
与业绩预告一致： 与此前业绩预告不存在重大差异，业绩增长已在市场预期范围内，但业绩确认后有望进一步提振市场信心。

潜在风险提示

业绩快报仅为初步核算数据，未来若钨原料价格波动，可能对公司盈利能力产生影响。此外，存货大幅增长需关注后续库存消化情况及资金周转风险。

备查文件

公司已备查由法定代表人、主管会计负责人及会计机构负责人签字并盖章的资产负债表和利润表。

免责声明

本文仅基于公司业绩快报初步数据整理分析，最终财务数据请以公司正式年度报告为准。投资有风险，投资者需充分关注市场及公司后续公告信息。

English Version

Chongyi Zhangyuan Tungsten Co., Ltd. Announces 2025 Performance Report: Net Profit Surges by 68.73%

[Stock Code]: 002378
[Stock Name]: Zhangyuan Tungsten
[Announcement No.]: 2026-019

Performance Overview

Chongyi Zhangyuan Tungsten Co., Ltd. (the “Company”) released its 2025 performance report on March 14, 2026. The report indicates outstanding growth across all major financial metrics. Net profit attributable to shareholders soared by 68.73% year-on-year, while total operating income rose by 41.61%. The figures are preliminary, audited by the Company’s internal audit department but not yet by an external accounting firm. Final numbers will be disclosed in the official annual report.

Key Financial Data and Indicators

Total Operating Income: RMB 5.2 billion, up 41.61% YoY
Operating Profit: RMB 354 million, up 62.25% YoY
Total Profit: RMB 333 million, up 64.88% YoY
Net Profit Attributable to Shareholders: RMB 290 million, up 68.73% YoY
Net Profit after Non-recurring Gains and Losses: RMB 295 million, up 64.13% YoY
Basic EPS: RMB 0.24, up 71.43% YoY
Weighted Average ROE: 13.04%, up by 4.77 percentage points
Total Assets: RMB 6.7 billion, up 34.88% from start of the year
Shareholders’ Equity: RMB 2.34 billion, up 9.65%
Net Asset per Share: RMB 1.94, up 9.60%

Business Performance and Financial Situation

During the reporting period, tight supply in the tungsten raw material market led to a significant rise in prices and increased demand. The Company leveraged its industry chain synergy, enhanced product performance, optimized production capacity, and ensured stable supply, resulting in simultaneous growth in production and sales volumes.

On the asset side, total assets increased by 34.88%, mainly due to higher tungsten raw material prices and increased inventory to fulfill sales orders. Additionally, with higher revenue and strong year-end collections, cash balances grew significantly.

Implications for Shareholders and Investors (Potential Price-sensitive Information)

Significant Earnings Growth: Major metrics such as net profit, revenue, and basic EPS all saw over 50% growth, indicating robust profitability.
Tungsten Price Surge: Industry tailwind; higher tungsten prices directly supported profit growth. If prices remain elevated, further upside remains.
Asset Expansion: The Company’s scale and financial strength are expanding rapidly.
Preliminary Data: Numbers are not yet externally audited; investors should monitor for final annual report figures.
Consistent with Previous Forecast: No significant difference with earlier guidance, but confirmation of strong results may boost market confidence.

Risk Warning

Preliminary numbers may differ from final audited figures. Fluctuations in tungsten prices could impact future profitability. Significant inventory growth requires monitoring for subsequent sales and cash flow risks.

Reference Documents

The Company has archived comparative balance sheets and income statements signed by relevant responsible personnel.

Disclaimer

This article is based on preliminary performance results. Please refer to the Company’s official annual report for final audited data. Investing involves risks; investors are advised to pay attention to subsequent announcements and market developments.