Zhangyuan Tungsten H1 Net Profit Up 497.38% to RMB 688 Million
Zhangyuan Tungsten reported a 497.38% year-on-year surge in first-half net profit to RMB 688 million, driven by sharply higher tungsten raw material prices and optimized product mix. Revenue climbed 143.71% to RMB 5.847 billion, with basic earnings per share at RMB 0.57.
Zhangyuan Tungsten has released its interim report for the first half of 2026. During the reporting period, the company achieved operating revenue of RMB 5.847 billion, up 143.71% year on year. Net profit attributable to shareholders of the listed company reached RMB 688 million, a year-on-year increase of 497.38%. Basic earnings per share stood at RMB 0.57.
The company said that tungsten raw material prices rose sharply year on year during the reporting period. Leveraging its self-owned resource advantages, the company continued to enhance product performance and optimize its product structure.