Outstanding performance

At present, four companies listed on the A-share tungsten industry have announced 2017 performance forecast. Except for the operating loss of Zhangyuan Tungsten Factor Co., Ltd. and Zhangzhou Aoaketai Tools Technology Co., Ltd., which is expected to see a year-on-year decrease in net profit in 2017, the remaining three companies are all in favor.

China National Tungsten High-Tech Co., Ltd. expects its profit in 2017 to reach 120 million to 135 million yuan, an increase of 802.26% to 915.04%. As for the main reason for the increase in performance, the company stated that the macroeconomic stability is good and the industry is showing a warming trend. At the same time, the company has adopted a series of measures. The cemented carbide business has grown significantly and the product structure has been optimized.