Xiamen tungsten industry receives 69.39 million yuan in government subsidy

Published: Jun 26, 2019 16:02

Save

From January 1, 2019 to June 25, 2019, Xiamen tungsten industry and its holding subsidiaries received a total of 69.3921 million yuan in government subsidies, including 20.7239 million yuan related to assets and 48.6682 million yuan related to income.

The Type of subsidy and its influence on listed companies

The Company recognizes the above matters in accordance with the relevant provisions of the Accounting Standards for Enterprises No. 16-Government subsidies, and classifies the types of subsidies. The specific accounting treatment and the impact on the profit of the company in 2019 shall be subject to the results of the annual audit confirmed by the accountant.

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business

Tungsten tungsten price small metal Xiamen tungsten industry

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Sep 12, 2026 00:05

[SMM Analysis] Stronger Profits, Yet Limited Supply Elasticity: H1 2026 Americas Moly Mine Review

In H1 2026, Americas moly supply divergence deepened. Despite stronger mining profits, overall output failed to rebound. While H2 may see recoveries at select large mines, supply elasticity remains constrained. Which operations are dragging on supply, and where will incremental growth emerge? SMM data reveals a market entering a new phase of "stronger margins, diverging production, and concentrated incremental gains."...

Sep 12, 2026 00:05

Sep 11, 2026 11:00

【Molybdenum News Flash】

SMM, September 11‑International molybdenum oxide prices moved sharply higher. SMM assessed Molybdenum Oxide CIF Tianjin Port at $33.9‑34 per lb‑Mo, with the average settling at $33.95 per lb‑Mo (equivalent to roughly RMB 5,735 per dmtu on a China tax‑inclusive basis), up $0.28 per lb‑Mo from the previous trading day. The import arbitrage window for molybdenum oxide remains closed. Bullish sentiment returned in China’s spot market, with holders keeping offers firm and ferro‑molybdenum transaction prices edging higher. Today SMM’s 45% molybdenum concentrate was assessed at RMB 5,425 per dmtu; molybdenum oxide stood at RMB 5,535 per dmtu, unchanged day‑on‑day. Steel mill procurement tenders for ferro‑molybdenum were mainly concluded at RMB 339,000‑340,000 per tonne.

Sep 11, 2026 11:00

Sep 11, 2026 09:41

【Tungsten News Flash】

Martina McIsaac, an executive at major U.S. industrial‑tool distributor MSC Industrial, warned on September 9 (local time) that a tungsten supply shock is rippling through the company’s supply chain and continuously driving up costs for industrial cutting tools. The tungsten‑supply shock keeps disrupting supply chains, with inflation for tungsten‑carbide inputs hitting roughly 500 %, and higher costs are being passed down to downstream manufacturers. Although tungsten prices have stabilized, suppliers are adjusting prices at different paces due to varying sources of tungsten‑powder procurement and inventory levels, and the ripple inflationary effects have not run their course.

Sep 11, 2026 09:41