Meichang Shares disclosed its earnings forecast, expecting attributable net profit for the first half of 2026 to be between 295 million and 315 million yuan, a year-on-year increase of 248.45% to 272.08%. Deducted non-recurring net profit is expected to be between 265 million and 285 million yuan, a year-on-year increase of 346.83% to 380.55%. The company stated that the earnings growth is mainly due to tungsten wire diamond wire becoming the mainstream product in the photovoltaic silicon wafer cutting sector, with the shipment share of tungsten wire diamond wire rising by over 40% year-on-year, driving growth in the recycling volume of waste tungsten wire. At the same time, the business model combining tungsten wire diamond wire sales with comprehensive recycling of waste tungsten has enhanced earnings.
Yangling Metron New Material Co LtdTungsten wire diamond wire shipment share rose over 40% year-on-year, driving earnings growth