Medium tungsten high-tech materials: net profit in the first three quarters increased by 151.01%-163.89% compared with the same period last year.

According to a report released by China Tungsten High-tech Materials, the net profit in the first three quarters is expected to be 390 million yuan to 410 million yuan, an increase of 151.01% to 163.89% over the same period last year.

According to the report, the reasons for the changes in performance are as follows:

During the reporting period, the production capacity of the company's fund-raising projects was gradually released; the company actively seized the market opportunity to optimize the product structure through technological transformation, deeply tap the potential of capital reduction, optimize the marketing strategy, improve the level of service quality and other measures, the production and operation continued to improve, and the production and sales volume of major products, gross profit and return net profit all increased significantly compared with the same period last year.