The net profit of Xiamen tungsten industry increased by 92.04% in 2021. The production, sales and prices of major tungsten and molybdenum products increased compared with the same period last year.

Xiamen tungsten industry released its performance KuaiBao. In 2021, the company achieved an operating income of 31.8424917 billion yuan, an increase of 67.91% over the same period last year, and a net profit of 1.1792991 billion yuan belonging to shareholders of listed companies, an increase of 92.04% over the same period last year. Basic earnings per share is 0.8387 yuan.

With regard to the operating situation, financial situation and the main factors affecting business performance during the reporting period, Xiamen Tungsten Industry said:

(1) Tungsten and molybdenum business. In 2021, the company's tungsten and molybdenum products were affected by the growth of market demand, the production, sales and prices of major products increased compared with the same period last year, while the company continued to promote high-end products, and the profitability of the products increased compared with the same period last year. The company's tungsten and molybdenum business realized operating income of about 10.957 billion yuan, an increase of about 45.39% over the same period last year, and total profits of about 1.4 billion yuan, an increase of about 74.61% over the same period last year.

(2) battery materials. In 2021, the company continued to increase the research and development of lithium cobalt products, the competitive advantage of the products was further consolidated, and sales increased compared with the same period last year; ternary materials were affected by the high prosperity of the electric vehicle industry, and the company's product production and sales were booming. At the same time, the company made use of the advantages of high power and high voltage to expand sales, the overall sales of ternary materials increased significantly compared with the same period last year, the scale effect was further revealed, and the profit increased significantly. The company's battery materials (including lithium cathode materials, hydrogen storage alloy business) business realized business income of about 15.913 billion yuan, an increase of about 93.68% over the same period last year; the total profit realized was about 641 million yuan, an increase of about 130.32% over the same period last year.

(3) rare earth business. In 2021, the company continued to deepen lean production and product quality improvement, continued to optimize product structure, increased sales of rare earth deep processing products, and at the same time, affected by the rising prices of rare earth products caused by the increase in raw material prices, the business revenue and profits of rare earth products increased significantly. The company's rare earth business realized operating income of about 4.804 billion yuan, an increase of about 56.98% over the same period last year, and total profits of about 229 million yuan, an increase of about 154.34% over the same period last year.

(4) Real estate business. In 2021, the operating income of the real estate business was about 168 million yuan, an increase of about 11.23 percent over the same period last year; the total profit realized was about-328 million yuan, with a loss increase of about 233 million over the same period last year, mainly due to financial expenses and various operating expenses.