In the first half of 2023, Xiamen Tungsten rare earth business realized operating income of 2.616 billion yuan, a year-on-year decline of 11.35%; total profit of 153 million yuan, a year-on-year decline of 16.88%.In the first half of 2023, due to the continued downward trend of raw material prices, the operating income and profitability of rare earth elements and rare earth metal products declined, and deep-processed products magnetic materials in automotive, air conditioning, industrial motors and other fields to achieve better growth, sales volume of 3,490 tons during the period, an increase of 32% year-on-year, but due to the intensification of competition in the market and the decline in product prices, earnings were basically flat year-on-year.
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