Xiamen Tungsten’s Tungsten and Molybdenum Business Revenue Rises over 25% in The First Three Quarters of 2023

In the first three quarters of 2023, Xiamen Tungsten’s tungsten and molybdenum business realized operating revenue of 12.378 billion yuan, up 25.55% year-on-year; total profit of 1.670 billion yuan, up 43.40% year-on-year, and if excluding the impact of the company’s associates’ investment income, the profit of the company’s tungsten and molybdenum business increased by 48.13% year-on-year.2023 January to September the company’s tungsten and molybdenum business was good on the whole, and the main deep processing The production, sales and profit of tungsten and molybdenum products maintained the growth trend, in which the fine tungsten wire products for photovoltaic showed the competitive advantages in technology, quality and scale, and the production and sales volume grew rapidly, with the sales volume of all fine tungsten wire products totaling 54.6 billion meters, an increase of 214% year-on-year, and the sales revenue increased by 178% year-on-year; the sales volume of cutting tools products was basically flat year-on-year, and the sales revenue increased by 8% year-on-year.

More details of tungsten, molybdenum and rare earth news, please visit website: https://www.ctia.com.cn/en/
Please contact CHINATUNGSTEN for inquiry and order of tungsten and molybdenum product:
Email: sales@chinatungsten.com
Tel.: 86 592 5129595