China Tungsten And Hightech Materials (000657) Q1 2026 earnings summary

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.