Chongyi Zhangyuan Tungsten Co Ltd

Zhangyuan Tungsten disclosed its 2026 semi-annual report, with net profit attributable to shareholders reaching 688 million yuan in the first half, up 497.38 percent year on year. Revenue came to 5.847 billion yuan, up 143.71 percent, and basic earnings per share were 0.57 yuan, up 470 percent. Overall gross margin rose 11.03 percentage points year on year to 25.17 percent. The earnings surge was driven mainly by sharply higher tungsten raw material prices, with average prices of tungsten concentrate, ammonium paratungstate and tungsten powder all rising more than 200 percent in the first half. By segment, tungsten powder products generated revenue of 4.437 billion yuan, up 179.22 percent and accounting for 75.88 percent of total revenue, while cemented carbide products brought in 1.018 billion yuan, up 99.46 percent. Subsidiary Ganzhou Aoketai posted net profit of 156 million yuan, a year-on-year jump of 11,164.17 percent. The China Tungsten Industry Association expects the tungsten market to remain in a tight supply-demand balance.

Zhangyuan Tungsten released its 2026 interim report, with net profit attributable to the parent company of 688 million yuan. The company's total operating revenue was 5.847 billion yuan, and net cash flow from operating activities was negative 205 million yuan, a year-on-year decline of 200.78%. The latest asset-liability ratio was 71.61%, gross margin was 25.17%, ROE was 23.84%, and diluted earnings per share was 0.57 yuan.

Sinomine Resource Group reported first-half net profit of 1.111 billion yuan, up 1146.81% year on year. Songfa Shares posted first-half net profit of 3.609 billion yuan, up 457.67%; Gotion High-tech first-half net profit was 1.386 billion yuan, up 278.05%; Zhangyuan Tungsten first-half net profit was 688 million yuan, up 497.38%; Jiayuan Technology first-half net profit was 382 million yuan, up 940%. Far East Smarter Energy subsidiary plans to acquire 80% equity in Fudewangwang for 216 million yuan, Donghong Shares has been pre-selected for a 144 million yuan steel pipe procurement project, and Longjian Road and Bridge jointly won a 333 million yuan engineering project.

On the evening of August 24, several listed companies on the Shanghai and Shenzhen stock exchanges released positive announcements. Far East Smarter Energy's subsidiary Far East Electric plans to acquire an 80% stake in Huizhou Fudewangwang Industrial Development for 216 million yuan, after which Fudewangwang will be consolidated into its financial statements. Eoptolink Technology disclosed its half-year report, with operating revenue of 20.91 billion yuan in the first half of 2026, up 100.34% year on year, and net profit attributable to shareholders of the listed company of 7.529 billion yuan, up 90.98% year on year. CIG Shanghai's first-half net profit was 328 million yuan, up 171.08% year on year, and it plans to pay a dividend of 0.9 yuan per 10 shares. Chengxin Lithium Group's first-half net profit was 1.012 billion yuan, turning from a loss of 841 million yuan in the same period last year. Silan Microelectronics' first-half net profit was 516 million yuan, up 94.84% year on year. Zhangyuan Tungsten's first-half net profit was 688 million yuan, up 497.38% year on year. Gotion High-tech's first-half net profit was 1.386 billion yuan, up 278.05% year on year. Western Gold's first-half net profit was 547 million yuan, up 315.67% year on year, and it plans to pay a dividend of 0.5 yuan per 10 shares. At its results briefing, DSBJ stated that its 1.6T optical module products have already been supplied to customers.