China Tungsten High-Tech Forecasts Strong Q1-Q3 2026 Profit, Despite Q3 Challenges

Published: Oct 15, 2026 14:41 (GMT+8)

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China Tungsten High-Tech released its performance forecast for the first three quarters of 2026. It estimates consolidated net profit attributable to parent company for Jan–Sep to hit RMB 2.9–3.1 billion, representing a sharp year-on-year increase, mainly supported by sustained high tungsten raw material prices and volume-price growth of high value-added deep-processed products such as PCB micro-drills. Nevertheless, the Q3 standalone profit fell quarter-on-quarter, reflecting declining tungsten prices in September and weak end-market demand for conventional cemented carbide, which led to marginal deterioration in industrial chain profitability. While upstream resources and deep-processing segments still underpin earnings resilience, falling tungsten prices and sluggish downstream demand m

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