Xianglu Tungsten Industry (002842.SZ) issued an advance increase and is expected to see net profit of 450 million yuan to 650 million yuan soar by 2348% to 3436% in half a year

According to the Zhitong Finance App, Xianglu Tungsten Industry (002842.SZ) disclosed its 2026 semi-annual results forecast. The company expects net profit attributable to shareholders of listed companies of 450 million to 650 million yuan for the half year, an increase of 2347.83% to 3435.76% over the previous year. Net profit after deducting non-recurring profit and loss was $435 million to $635 million, an increase of 4493.40% to 6605.31% year-on-year.

During the reporting period, as a major domestic manufacturer of tungsten products and tungsten materials, the company's product sales were stable. The main products benefited from the increase in tungsten prices brought about by revenue growth, and the rise in raw material prices was transmitted smoothly to downstream products, providing important support for performance growth.