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Xiamen Tungsten Expects Revenue, Profit Growth in 2026; Shares Up 4%

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Xiamen Tungsten (SHA:600549) expects its profit and revenue to rise this year compared to the previous year, according to a Shanghai bourse filing on Tuesday.

The tungsten carbide manufacturer predicted that its net profit attributable to shareholders in the first half will soar 129% to 2.22 billion yuan.

The company plans to distribute 30% of the attributable net profit as cash dividends. The interim and annual cash dividends in 2025 totaled 927 million yuan, representing 40.15% of the attributable profit during the year.

The company also completed acquisitions of 69% of Jiujiang Dadi Mining Development and 70% of Yuanxing (Xiamen) Precision Tools during the same period. The company is also actively advancing the acquisition of a partial equity interest in Jiangxi Jutong Industrial.

The company's shares jumped 4% during the afternoon trade.

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