How Were Grimm’s Operations in The First Half of 2023?

Grimme realized operating revenue of 12.940 billion yuan in the first half of 2023, down 7.07% year-on-year; net profit of 413 million yuan, down 39.32% year-on-year; at the end of the reporting period, total assets of 45.331 billion yuan, up 2.70% year-on-year; attributable to the owner’s equity of 18.809 billion yuan, up 1.76% year-on-year. Among them, tungsten resources recycling business (APT, tungsten carbide powder, etc.) revenue of 480 million yuan, down 4.54% year-on-year. In the first half of the year, the company’s total sales of recycled tungsten products reached 2,224 tons, up 3.44% year-on-year.

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