The net profit of Zhangyuan tungsten industry increased 342.09% in 2021 compared with the same period last year, mainly due to the steady rebound of tungsten demand.

SMM3 March 11: Zhangyuan Tungsten Industry announced its performance, KuaiBao, with a net profit of 164 million yuan in 2021, an increase of 342.09 percent over the same period last year. During the reporting period, the tungsten industry continued the trend of rapid growth, the market demand rebounded steadily, the production and sales volume of major products and sales prices increased year-on-year, and the net profit of shareholders belonging to listed companies increased significantly compared with the same period last year.

Ganzhou Aoketai tool Technology Co., Ltd., a wholly-owned subsidiary of the company, insists on independent innovation and finer management. With the increase in demand for domestic high-end tools, revenue has increased in scale and performance has greatly improved.