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CICC: Tungsten mining quota for 2024 has been issued, tungsten price is expected to stabilize and rebound.
Tungsten concentrate inventory has fallen to a historic low, coupled with the imminent Fed rate cut and the gradual implementation of domestic growth stabilization policies, tungsten prices are expected to continue the trend of stabilizing and rising.
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.
The Past Three Years for Xiamen TungstenLtd (SHSE:600549) Investors Has Not Been Profitable
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