23 stories mentioning SHA:600549Updated 12d ago
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Xiamen Tungsten (SHA:600549) issued 500 million yuan of 270-day bonds, according to a Tuesday filing with the Shanghai bourse.The bonds have a coupon rate of 1.45% and are set to mature June 1, 2027.Industrial Bank was the lead underwriter, while China Minsheng Bank was the joint lead underwriter.
Xiamen Tungsten (SHA:600549) agreed to sell the remaining properties of the Haixia International Community Project to a consortium for 192 million yuan, according to a Shanghai bourse filing on Wednesday.The consortium consists of Jinzhe Qingxi (Xiamen) Enterprise Management, Jinzhe Tonghui (Xiamen) Enterprise Management, Jinzhe Ruihui (Xiamen) Enterprise Management, Jinzhe Yingzhe (Xiamen) Enterprise Management, Jinzhe Xilin (Xiamen) Enterprise Management and Jinzhe Xilin (Xiamen) Enterprise Management.The properties for transfer include a number of commercial properties and two kindergartens.The Chinese tungsten materials supplier's shares rose 2% during the midday trade.
Xiamen Tungsten's (SHA:600549) plans to acquire a total of 30.17% in Jiangxi Jutong Industrial for a consideration of 593.3 million yuan, according to a Shanghai bourse filing on Friday.Jiangxi Jutong is a firm that offers mineral resource extraction services at non-coal mines. It also provides hydroelectric power generation services.The stake will be bought from Fujian Juhong Rare Metal Investment Partnership (Limited Partnership), Xiamen Sanhong Tungsten & Molybdenum and Fujian Rare and Rare Earth (Group), which currently holds 13%, 9.8% and 7.4%, respectively of Jiangxi Jutong.Upon completion of the transaction, the Chinese tungsten materials supplier will own 31.5% of Jiangxi Jutong.The company will also sign an acting-in-concert agreement with Rare Earth Group, under which it will lead the operation and management of Jiangxi Jutong.The company's shares rose 4% during the afternoon trade.
Xiamen Tungsten (SHA:600549) will sign a concerted action agreement with controlling shareholder Fujian Rare Earth Group related to the management of Jiangxi Jutong Industrial, according to a Friday filing with the Shanghai bourse.The agreement will ensure Fujian Rare Earth's alignment with Xiamen Tungsten during shareholder and board meetings to ensure the listed company will lead the operations of Jiangxi Jutong.Once Xiamen Tungsten completes the acquisition of a 30.1683% stake in Jiangxi Jutong, the listed company will then hold 31.5166% of Jiangxi Jutong, and Fujian Rare Earth will hold 25%.Jiangxi Jutong operates the Dahutang Tungsten Mine. It is engaged in non-coal mining and hydropower generation, among other industries.
Xiamen Tungsten's (SHA:600549) net profit attributable to shareholders in the first half soared 127% to 2.20 billion yuan from 969.3 million yuan a year earlier, according to a Shanghai bourse filing on Friday.Earnings per share rose year on year to 1.39 yuan from 0.61 yuan.Operating revenue jumped 82% to 35 billion yuan from 19.3 billion yuan in the prior year.The Chinese tungsten materials supplier's shares rose 4% during the morning trade.
Xiamen Tungsten (SHA:600549) said the earnings of its subsidiary, Xiamen Tungsten New Energy, rose in the first half.Tungsten New Energy's net profit attributable to shareholders rose 47% to 491.2 million yuan from the year-ago attributable profit of almost 335 million yuan.Earnings per share increased 46% year on year to 0.98 yuan from 0.67 yuan.Operating revenue jumped 91% to 14.5 billion yuan from 7.58 billion yuan in the previous year.
Xiamen Tungsten (SHA:600549) issued 500 million yuan in 270-day bonds, according to a Monday filing with the Shanghai bourse.The bonds have an interest rate of 1.48%.China Construction Bank Corporation (HKG:0939, SHA:601939) is the lead underwriter, while Industrial and Commercial Bank of China (HKG:1398, SHA:601398) is the joint lead underwriter.Shares rose 2% during the midday break on Monday.
The joint venture between Chifeng Jilong Gold Mining (SHA:600988) and Xiamen Tungsten suspended operations in its rare earth project in Laos, according to separate Saturday filings with the Shanghai Stock Exchange.Xiamen Chijinxia Tungsten Metal Resources halted operations at the Mengkang Rare Earth Project in Xiengkhouang Province temporarily to comply with regulatory requirements for rare earth development, Xiameng Tungsten said.Chifeng Jilong's board approved the suspension, it said in its filing.The mine is in trial production mode and has about 124.7 million tons of rare-earth ore reserves.The JV is uncertain when it will resume operations, Xiamen Tungsten said.Chifeng Jilong Gold Mining holds 51% of the JV, while Xiamen Tungsten holds 49%.
Xiamen Tungsten (SHA:600549) will avail of wealth management products for up to 2.1 billion yuan, according to a Thursday filing with the Shanghai bourse.The funds will be sourced from idle proceeds from its cash management program, the tungsten materials supplier said in its filing.Shares rose 6% during the midday break on Thursday.
Xiamen Tungsten (SHA:600549) plans to acquire 1.35% of Jiangxi Jutong Industrial for 26.5 million yuan, according to a Shanghai bourse filing on Saturday.The tungsten company's shares rose 2% during Monday's midday trade.Jutong Industrial is a miner of non-coal mineral resources and a hydropower company.The stake will be bought from Jiangxi Zhuoxin Mining.
Xiamen Tungsten (SHA:600549) registered its 4-billion-yuan and 3-billion-yuan issuances with the National Association of Financial Market Institutional Investors, according to a Wednesday filing with the Shanghai bourse.Both issuances have a registration validity of two years each.Shares fell 1% during afternoon trading on Wednesday.
Xiamen Tungsten (SHA:600549) expects its profit and revenue to rise this year compared to the previous year, according to a Shanghai bourse filing on Tuesday.The tungsten carbide manufacturer predicted that its net profit attributable to shareholders in the first half will soar 129% to 2.22 billion yuan.The company plans to distribute 30% of the attributable net profit as cash dividends. The interim and annual cash dividends in 2025 totaled 927 million yuan, representing 40.15% of the attributable profit during the year.The company also completed acquisitions of 69% of Jiujiang Dadi Mining Development and 70% of Yuanxing (Xiamen) Precision Tools during the same period. The company is also actively advancing the acquisition of a partial equity interest in Jiangxi Jutong Industrial.The company's shares jumped 4% during the afternoon trade.
Xiamen Tungsten (SHA:600549) forecasted first-half attributable net profit of about 2.22 billion yuan, compared with 969.3 million yuan the previous year.The 129% rise is attributed to proactive pricing adjustments in response to rising raw material costs for tungsten, cobalt, lithium carbonate and rare earths, alongside steady sales growth in alloy bars, cutting tools, battery cathode materials, and magnetic products, according to a Wednesday filing with the Shanghai bourse.Shares of the tungsten carbide manufacturer fell 6% in recent trade.
Xiamen Tungsten's (SHA:600549) processing subsidiary, Luoyang Yulu Mining, has suspended operations following the cutoff of its essential raw material supply, according to a Shanghai bourse filing on Thursday.Joint venture partner and primary supplier CMOC Group (SHA:603993, HKG:3993) stopped delivering scheelite tailings to Yulu Mining's facility.The raw materials are sourced from CMOC's Sandaozhuang molybdenum-tungsten mine in Luanchuan County, China.Xiamen Tungsten said the duration of the work stoppage is currently uncertain, and the impact on the company's performance cannot be predicted at this time.In 2025, Yulu Mining achieved operating revenue of 362.7 million yuan, accounting for 0.78% of the company's consolidated operating revenue for that year.Shares of Xiamen Tungsten rose nearly 3% in recent trade, while CMOC's shares jumped 5% in Shanghai and 1% in Hong Kong.
Xiamen Tungsten (SHA:600549) completed the transfer of its 25% equity stake in Aichi Gauss to Suzhou Aichi Technology, receiving the full consideration of 172.0 million yuan.Following the completion, Xiamen Tungsten no longer holds any interest in Aichi Gauss, according to a weekend filing with the Shanghai bourse.Shares of the tungsten carbide manufacturer slid 1% in recent trade.
Xiamen Tungsten (SHA:600549) holding subsidiary Jinlong Rare Earth passed the coaching and supervision review by the Fujian Regulatory Bureau for its planned public share issuance and listing on the Beijing Stock Exchange.The tungsten carbide manufacturer received the completion letter on June 23 after coaching and supervision by Huatai United Securities, according to a Thursday filing with the Shanghai bourse.Shares of the company rose 3% in recent trade.
Xiamen Tungsten (SHA:600549) redeemed two cash management products worth 130 million yuan, according to a Thursday disclosure on the Shanghai bourse.The Chinese tungsten carbide manufacturer earned an additional income of approximately 1 million yuan from the cash management products, which were subscribed at Industrial Bank (SHA:601166).The company's shares rose 4% during the morning trade.
Xiamen Tungsten (SHA:600549) experienced an abnormal stock fluctuation for three consecutive trading days, but its operations remain normal, according to a Shanghai bourse filing on Friday.The company's closing stock price between June 2 and June 4 was more than 20%, exceeding the bourse's threshold.The company's probe found that it does not have a significant disclosure that could affect its stock movement.The Chinese tungsten carbide manufacturer's shares rose 1% during morning trade.
Xiamen Tungsten (SHA:600549) 65.2%-owned subsidiary Fujian Jinlong Rare Earth plans to apply for a public offering on the Beijing Stock Exchange.Fujian Jinlong Rare Earth, already trading on the NEEQ Innovation Level, aims to issue up to 319.7 million new shares to raise net proceeds of about 700 million yuan, according to a Sunday filing with the Shanghai bourse.Proceeds will fund a permanent magnet production line upgrade in Changting and Phase II of a 5,000-ton annual capacity neodymium-iron-boron magnet project.Shares of the tungsten carbide manufacturer were down 2% in recent trade.
Xiamen Tungsten (SHA:600549) said that a company it is interested in investing in is involved in a shareholder dispute case.Jiangxi Jutong Industrial, a company whose partial interests Xiamen Tungsten proposed to acquire, along with Fujian Rare Earth Group, was sued by Xiushui Jutong Investment Holding. The lawsuit was filed at the Wuning County People's Court in China, according to a Wednesday disclosure on the Shanghai bourse.The complaint concerned the disputed 48% stake in Jiangxi Jutong that Fujian Rare Earth owned.The lawsuit will not affect Xiamen Tungsten's operations, but will take measures to ensure the lawful advancement of the equity transfer transaction, the filing said.The Chinese tungsten carbide manufacturer's shares fell 2% during the morning trade.
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