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 to learn 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

14 hours ago

LB Group Announces Second TiO₂ Price Hike in March Due to High Raw Material Costs

[SMM Titanium Express] LB Group issued a price adjustment notice. Effective March 16, prices for all Billions brand TiO₂ products will increase by RMB 500/ton for domestic market and USD 100/ton for overseas market. This marks the second price hike announcement this month, as high raw material costs continue to pressure industry profitability, driving the market upward.

14 hours ago

[SMM Tungsten Analysis] Global Tungsten Prices Surge Amid Supply Shortages and Seller-Dominated Market

As of March 16, tungsten prices in China saw a slight correction, with APT quoted at 1.505 million yuan/mt. The market's fear of high prices was released, entering a phase of rational wait-and-see. Outside China, supply remained persistently tight, with the average APT Rotterdam price at $2,200/mtu, while weekly gains in tungsten scrap prices in India and Europe exceeded 25%.

14 hours ago

Mar 14, 2026 17:27

[SMM Analysis] Tungsten Market Shifts to High-Level Shock; Sentiment Turns Cautious Amid Intensified Supply-Demand Game

SMM March 13: This week, China’s domestic tungsten market exhibited high-level oscillations with intensified supply-demand competition. Multiple mines put products up for auction during the week, but transactions were bleak.As of March 13, tungsten prices remained largely stable, yet market sentiment became extremely divided.

Mar 14, 2026 17:27