Xianglu Tungsten: Net profit in the first quarter increased by 2917% year-on-year mainly due to the rise in tungsten prices leading to increased revenue.

Xianglu Tungsten Industry announced that in the first quarter of 2026, it achieved operating income of 1.148 billion yuan, a year-on-year increase of 138.65%; the net profit attributable to the shareholders of the listed company was 251 million yuan, a year-on-year increase of 2917.13%. The change in performance is mainly due to the increase in tungsten prices leading to an increase in revenue. The company's net profit in Q1 is 251 million yuan, compared to a net profit of 92 million yuan in Q4 2025. Based on this calculation, the net profit in Q1 increased by 172% compared to the previous quarter.