China Tungsten And Hightech Materials (000657) Q4 2024 earnings summary

Executive summary

• The financial statements for the five months ended May 31, 2025, were audited and present a fair view in accordance with Chinese accounting standards.

• The company is primarily engaged in the mining and sale of tungsten concentrates, with no significant changes in business scope or ownership during the period.

Financial highlights

• Operating revenue for Jan–May 2025 was ¥142.0 million, down from ¥311.4 million in the previous full year.

• Net profit for Jan–May 2025 was ¥34.4 million, compared to ¥67.0 million for the previous year.

• Total assets at May 31, 2025, were ¥409.2 million, up from ¥365.7 million at Dec 31, 2024.

• Total liabilities at May 31, 2025, were ¥105.2 million, up from ¥97.2 million at Dec 31, 2024.

• Cash and cash equivalents at period end were ¥255,894, a significant decrease from ¥13.6 million at the start of the year.

Outlook and guidance

• The company’s financial statements are prepared on a going concern basis, with no material uncertainties affecting its ability to continue operations for the next 12 months.