On July 14, Zhangyuan Tungsten Industry issued a semi-annual performance forecast that the net profit belonging to shareholders of listed companies in the first half of the year ranged from 34 million yuan to 47 million yuan. During the reporting period, the tungsten market improved, the prices of tungsten concentrate and products rose steadily compared with 2020, product orders were sufficient, sales volume and sales gross profit margin increased compared with the same period last year, and the net profit belonging to shareholders of listed companies increased.
The price of tungsten concentrate has continued to rise in the first half of the year. On July 14, the spot price of SMM wolframite concentrate ≥ 55% was quoted at 101500 yuan / ton, with a price increase of nearly 20% over the past six months.
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It is reported that Zhangyuan Tungsten Industry is a group enterprise integrating tungsten mining, smelting, powder making, cemented carbide production and deep processing and trade, which was listed on the Shenzhen Stock Exchange in 2010. It has 6 mining right mines, with 74300 tons of tungsten reserves, advanced and mature mining technology, in line with the national green mine construction standards, and the static service life of the mine is up to 30 years. It has 6 mining areas with exploration rights, with a total explorable area of 17.53 km ~ 2, and has a broad prospecting prospect, which lays a solid foundation for building a solid guarantee base for tungsten resources.
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