In the first half of 2023, Xiamen Tungsten Tungsten and Molybdenum and other non-ferrous metals business achieved operating income of 7.913 billion yuan, up 20.55% year-on-year; total profit of 1.103 billion yuan, up 32.71% year-on-year, if we exclude the impact of the investment income of associates, the company’s tungsten and molybdenum business profit increased by 43.89% year-on-year. in the first half of 2023, the company’s tungsten and molybdenum business was good as a whole, and the main Deep-processing products production and sales volume maintained a growth trend, among which, fine tungsten wire products for photovoltaic showed competitive advantages in technology, quality, scale, etc., and production and sales volume showed rapid growth, with a total sales volume of 34 billion meters of all fine tungsten wire products, representing a year-on-year increase of 291% and a year-on-year increase of 292% in sales revenue; the operating income of tungsten and molybdenum products increased by 113% year-on-year; and the sales volume of cutting tools products remained basically flat year-on-year and sales revenue increased by 6% year-on-year.
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