OKE Precision Cutting Tools first-half net profit surges over 47,700% year on year

Earnings
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On the evening of August 25, OKE Precision Cutting Tools released its semi-annual report. In the first half of 2026, the company achieved operating revenue of 1.207 billion yuan, up 99.96% year on year. Net profit attributable to shareholders of the listed company was 371 million yuan, up 47,734.24% year on year. Basic earnings per share were 2.35 yuan. During the reporting period, affected by rising prices of major raw materials such as tungsten carbide, the company strengthened profitability through product price adjustments, seized the opportunity of rising demand for high-end cutting tools, and completed product structure upgrades, with sales volume of CNC cutting tools increasing year on year. At the same time, the relatively low performance base in the first half of 2025 led to a significant year-on-year increase. As of the close on August 25, OKE Precision Cutting Tools shares traded at 92.76 yuan per share, with a latest market value of 14.7 billion yuan and a cumulative gain of about 193% for the year.

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