Xiamen Tungsten Co (600549) Q3 2025 earnings summary

Executive summary

• Achieved consolidated revenue of ¥32.0 billion for the first three quarters of 2025, up 21.36% year-over-year; net profit attributable to shareholders reached ¥1.78 billion, up 27.05% year-over-year.

• Q3 revenue was ¥12.82 billion, up 39.27% compared to the same quarter last year; Q3 net profit attributable to shareholders was ¥809.59 million, up 109.85% year-over-year.

Financial highlights

• Operating income for the first three quarters: ¥32.0 billion, up 21.36% year-over-year.

• Net profit attributable to shareholders: ¥1.78 billion, up 27.05% year-over-year.

• Basic and diluted EPS for the first three quarters: ¥1.1223, up 13.21% year-over-year.

• Q3 gross profit margin and profitability improved significantly due to higher product prices and increased sales volumes.

Outlook and guidance

• Benefited from rising prices of tungsten, rare earth, and cobalt raw materials, with product prices and sales volumes increasing.

• Enhanced product and raw material price linkage mechanisms and optimized internal management to improve profitability.