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China Tungsten And Hightech Materials (000657) investor relations material
China Tungsten And Hightech Materials Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q1 2026 reached ¥7.01 billion, up 106.47% year-over-year, driven by higher sales volume and prices.
Net profit attributable to shareholders was ¥921.09 million, a 264.44% increase year-over-year.
Adjusted net profit (excluding non-recurring items) rose 349.58% year-over-year to ¥915.47 million.
Financial highlights
Basic and diluted EPS were ¥0.40, up ¥0.26 per share year-over-year.
Gross margin improved as both product prices and volumes increased.
Operating cash flow was negative at -¥2.14 billion, reflecting increased inventory and prepayments.
Total assets at quarter-end were ¥28.53 billion, up from ¥21.44 billion at the end of last year.
Shareholders’ equity reached ¥10.68 billion, up from ¥9.72 billion at year-end.
Outlook and guidance
Management attributes growth to rising raw material prices and increased demand, with expectations for continued strong performance if current market conditions persist.
- Net profit dropped 39.3% despite record revenue, reflecting margin and cost pressures.000657
Q2 20243 Jun 2026 - Revenue up 7.13% but net profit down 34.66% year-over-year amid cost pressures.000657
Q3 20243 Jun 2026 - Revenue and net profit remained robust in Jan–May 2025, with stable financial health.000657
Q4 20243 Jun 2026 - A and F shares outperformed the benchmark, with strong liquidity and prudent risk management.000657
Q2 20253 Jun 2026 - Adjusted net profit surged 341.62% year-over-year on higher revenue and acquisition gains.000657
Q1 20253 Jun 2026 - Core net profit soared over 400% year-over-year, fueled by acquisition and business expansion.000657
Q3 20253 Jun 2026 - Net profit excluding non-recurring items soared 585% on robust industry chain synergy and asset consolidation.000657
Q4 20253 Jun 2026
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