Zhongtung Gaoxin: Tungsten prices remain high, which is overall beneficial for the company's performance.

Zhongtung High-tech stated at its performance briefing on September 5th that tungsten prices have remained at a high level, which is generally beneficial to the company's performance. On one hand, the company has high-quality mining enterprises in the upstream sector, directly benefiting from the increase in tungsten prices and other associated metal prices. On the other hand, the company's downstream hard alloy sector adheres to innovation-driven development, continuously optimizing product structure, and increasing the proportion of high value-added products, which is advantageous in mitigating risks brought about by fluctuations in raw material prices.