China Tungsten And Hightech Materials (000657) Q2 2026 earnings summary

Executive summary

• Achieved revenue of ¥16.38 billion, up 108.51% year-over-year, with net profit attributable to shareholders of ¥2.08 billion, up 280.53% year-over-year.

• Gross margin for core business rose to 29.87%, up 7.71 percentage points year-over-year.

• Maintained industry leadership in tungsten and hard alloy production, with significant growth in high-end and AI-related product lines.

Financial highlights

• Operating income: ¥16.38 billion, up 108.51% year-over-year.

• Net profit attributable to shareholders: ¥2.08 billion, up 280.53% year-over-year.

• Basic and diluted EPS: ¥0.9112, up 264.19% year-over-year.

• Operating cash flow: -¥1.26 billion, reflecting increased working capital needs.

• Gross margin: 29.87%, up 7.71 percentage points year-over-year.

Outlook and guidance

• Focus on leveraging full-industry-chain advantages and expanding high-value product lines.

• Continued investment in R&D and capacity expansion, especially in AI, semiconductor, and new energy sectors.

• Ongoing risk management for raw material price volatility, environmental compliance, and customer credit.