According to the Zhitong Finance App, Chinatungsten Hi-Tech (000657.SZ) released a performance forecast for the first three quarters of 2026. Net profit attributable to shareholders of listed companies is expected to be 2.9 billion yuan to 3.1 billion yuan in the first three quarters, an increase of 219%-241% over the previous year.

The January-September performance achieved positive growth compared with the same period last year. The main reasons were: 1. The average price of tungsten concentrate increased year-on-year during the reporting period, and the profit level of tungsten concentrate and powder products increased. At the same time, the company relied on the cost advantages of the entire industry chain, and the profit margin for upstream and downstream businesses expanded. 2. The company continues to optimize the product structure, promote the expansion of production and capacity of related products, and achieve a sharp rise in volume and price in the PCB micro drilling business, effectively enhancing profitability. 3. The company focuses on steady increase and efficiency, actively responds to complex situations such as rising and falling tungsten prices and differentiation in downstream demand, and takes precise measures in industrial collaboration, market development, management potential, etc., continuously optimizes operational efficiency, and promotes the continuous increase of overall profitability.

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