Xiamen Tungsten's 2024 Profit Rises 9%, Operating Income Slides 10%

MT Newswires Live

2025/01/22

Xiamen Tungsten's (SHA:600549) net profit attributable to shareholders rose 8.6% to 1.74 billion yuan in 2024 from 1.60 billion yuan a year earlier, according to a Shanghai Stock Exchange filing on Wednesday.

Earnings per share climbed 7.3% year on year to 1.22 yuan and 1.14 yuan.

The Chinese tungsten carbide manufacturer generated a total operating income of 35.3 billion yuan, down 10% from 39.4 billion yuan in the previous year.

Xiamen Tungsten's shares fell more than 1% in recent trade.

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