In the first half of 2023, Xiamen Tungsten realized revenue of 18.730 billion yuan, down 22.47% year-on-year; operating profit of 1.457 billion yuan, down 4.75% year-on-year; net profit attributable to mother of 792 million yuan, down 12.82% year-on-year; deducted net profit of 722 million yuan, down 11.17% year-on-year; basic earnings per share of 0.56 yuan; total assets at the end of the reporting period 37.969 billion yuan, a year-on-year decline of 4.60%.
During the reporting period, the main reasons for the change of Xiamen Tungsten’s performance are: the company’s tungsten and molybdenum business as a whole is improving, and profitability has increased significantly; rare earth business is affected by the downward trend of product prices, and revenue and earnings have declined; energy new materials business is affected by the demand and product price decline, and profitability has declined to a certain extent.
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