Zhitong Financial APP News, Xianglu Tungsten Industry (002842.SZ) disclosed its semi-annual report of 2023. During the reporting period, the company achieved a revenue of 939 million yuan, an increase of 4.2% over the same period last year. The net profit loss of its parent company was 18.31 million yuan, which turned from profit to loss compared with the same period last year. It deducted 24.36 million yuan from non-net profit loss, which changed from profit to loss. Basic earnings per share-0.07 yuan.
In the first half of 2023, the average price of 55% wolframite concentrate was 117100 yuan / standard ton, up 3.3% from the same period last year. The average price of apt was 178700 yuan / ton, up 1.6% from the same period last year; the average price of tungsten powder was 272 yuan / kg, up 0.7% from the same period last year; and the average price of tungsten carbide powder was 268 yuan / kg, up 0.4% from the same period last year. The increase of raw materials is greater than that of back-end products, resulting in a decline in gross profit margin. The revenue of the company's main products tungsten carbide powder and cemented carbide increased by 2.65% and 7.75% respectively, and sales of tungsten carbide powder and cemented carbide increased by 3.71% and 2.79% respectively.