Xiamen Tungsten New Energy (688778.SH) Reports 531 Million Yuan Annual Net Profit in 2023

Published: Jan 17, 2024 09:29

Save

[Xiamen Tungsten New Energy (688778.SH) annual net profit in 2023 reaches 531 million yuan] Xiamen Tungsten New Energy (688778.SH) announced its 2023 annual performance report. During the reporting period, the company achieved an operating income of approximately 17.229 billion yuan, a year-on-year decrease of 40.08%; realized a net profit attributable to the owners of the parent company of around 531 million yuan, a year-on-year decrease of 52.64%; and achieved a net profit attributable to the owners of the parent company after deducting non-recurring gains and losses of around 469 million yuan, a year-on-year decrease of 52.10%.

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

33 mins ago

【SMM Analysis】Cobalt market diverges: Metal choppy, Intermediate steady awaiting upside, Sulfate stabilizes

33 mins ago

38 mins ago

[Lithium Battery: Uncovered Losses Exceed One-Third Of Share Capital, NCM Company Initiates Rescue Measures]

Recently, Tianli Lithium Energy issued an announcement regarding uncovered losses reaching one-third of the total paid-in share capital. As of December 31, 2025, Tianli Lithium Energy's undistributed profit was -830 million yuan, with paid-in share capital of 119 million yuan, and the amount of uncovered losses exceeded one-third of the total paid-in share capital. Tianli Lithium Energy stated that the main reasons for the loss in 2025 were due to fluctuations in lithium carbonate prices and the volatile adjustment in the lithium iron phosphate industry, which led to insufficient operating rates for some of the company's production facilities, low capacity utilization, and high allocation of fixed costs per unit of product.

38 mins ago

[Lithium Battery: Xiaomi Establishes Battery Company In Beijing]

On April 30, Beijing Xiaomi Jingxu Technology Co., Ltd. officially completed its industrial and commercial registration and was established. The company is under the Xiaomi Group system, wholly owned by Xiaomi Intelligent Technology Co., Ltd., and indirectly wholly controlled by Xiaomi Communications Co., Ltd. Its core business covers battery manufacturing, production of battery parts and accessories, and battery sales. It also includes key new energy sectors such as electric motor manufacturing, electric motor production, motor and its control system research and development, and generator and generator set manufacturing.

38 mins ago