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

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

China Tungsten & Hightech Materials Co. Ltd. Class AAugust 22, 20245
China Tungsten And Hightech Materials: Net profit dropped 39.3% despite record revenue, reflecting margin and cost pressures

About this update from 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.

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