Xiamen Tungsten’s Energy and New Materials Business Development in the First Half of 2023

In the first half of 2023, Xiamen Tungsten realized revenue of RMB18,730,936,000, down 22.47% year-on-year; operating profit of RMB1,457,380,300, down 4.75% year-on-year; net profit attributable to mother of RMB791,855,500, down 12.82% year-on-year; withholding net profit of RMB721,516,000, down 11.17% year-on-year; basic per-share Earnings of 0.5612 yuan; total assets of 37,968,513,800 yuan at the end of the reporting period, a year-on-year decline of 4.60%. Among them, the company’s new energy battery materials business achieved operating income of 8.121 billion yuan, a year-on-year decline of 44.23%; total profit of 274 million yuan, a year-on-year decline of 54.95%.20 In the first half of 2013, affected by the decline in end-consumption demand, the company’s lithium-ion battery cathode materials sales of 26,800 tons, a year-on-year decline of 33%, superimposed on the decline in the selling price of the products in the current period, overall profitability The overall profitability declined to a certain extent.

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