China Tungsten & Hightech Materials Co. Ltd. Class ASZSE: 000657

China Tungsten And Hightech Materials: Net profit dropped 39.3% despite record revenue, reflecting margin and cost pressures

· Issued by China Tungsten & Hightech Materials Co. Ltd. Class A

Revenue grew 3.98% year-over-year to ¥6.81 billion, but net profit fell 39.3% to ¥146.96 million due to margin pressure and higher costs. The company remains the world’s largest hard alloy producer, with strong R&D investment and ongoing product upgrades.

Original document:

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.