Huarei Precision issued an announcement, expecting net profit attributable to owners of the parent company for the first half of 2026 to be between 210 million and 250 million yuan, representing a year-on-year increase of 146% to 193%. The profit growth is mainly due to the high price of raw material tungsten carbide, prompting the company to raise product selling prices, which boosted revenue scale and overall product gross margin. At the same time, the company strengthened cost control, and economies of scale led to a decline in the period expense ratio.
Zhuzhou Huarui Precision Cutting Tools Co LtdCompany raised product selling prices due to high raw material cost, boosting revenue and gross margin.