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China Tungsten And Hightech Materials: Revenue up 7.13% but net profit down 34.66% year-over-year amid cost pressures

China Tungsten And Hightech Materials: Revenue up 7.13% but net profit down 34.66% year-over-year amid cost pressures

China Tungsten & Hightech Materials Co. Ltd. Class AOctober 25, 20245
China Tungsten And Hightech Materials: Revenue up 7.13% but net profit down 34.66% year-over-year amid cost pressures

About this update from China Tungsten & Hightech Materials Co. Ltd. Class A

Revenue grew 7.13% year-over-year to ¥10.23 billion, but net profit fell 34.66% due to higher costs and lower margins. Gross margin declined to 14.86%, and operating cash flow was negative, reflecting ongoing industry challenges.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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