In the first half of 2023, Xiamen Tungsten realized revenue of RMB 18,730,936,000, a year-on-year decline of 22.47%; net profit attributable to the mother of RMB 791,855,500, a year-on-year decline of 12.82%; total assets at the end of the reporting period amounted to RMB 37,968,513,800, a year-on-year decline of 4.60%. During the reporting period, the Company’s tungsten and molybdenum business as a whole improved and profitability increased significantly; the rare earth business was affected by the downward trend of product prices, and revenue and profit declined; the new energy materials business was affected by the decline in demand and product prices, and profitability declined to a certain extent.
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