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xiamen tungsten Semi-Annual Report 2024
Summary of xiamen tungsten's 2024 interim report
The tungsten sector supports performance, xiamen tungsten H1 revenue decreases and profit increases, tungsten enterprises welcome a wave of price increases|interpretations
Due to the high tungsten price, Xiamen Tungsten achieved increased profits despite a decrease in revenue in the first half of the year. After the rebound of tungsten prices, tungsten companies have followed suit and experienced a wave of price increases.
Xiamen Tungsten (600549.SH): The net income in the first half of the year was 1.017 billion yuan, an increase of 28.47% year-on-year.
Xiamen Tungsten (600549.SH) announced its semi-annual report for 2024, with operating income of 17.162 billion yuan, a year-on-year decrease of 8.37%; net income attributable to shareholders of listed companies of 1.017 billion yuan, a year-on-year increase of 28.47%; net income attributable to shareholders of listed companies after deducting non-recurring gains and losses of 0.858 billion yuan, a year-on-year increase of 18.93%; basic earnings per share of 0.7186 yuan. The company focuses on three core businesses: tungsten and molybdenum, rare earths, and energy and new materials. Over the years, it has continuously carried out technological innovation based on its profound technical accumulation and management culture.
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