Xianglu Tungsten Industry: Net profit of 144 million yuan in 2025, turning from loss to profit year-on-year; plans to distribute 1.38 yuan per 10 shares

People’s Financial News, March 31—Hanginglu Tungsten Industry (002842) disclosed its annual report on March 31. In 2025, the company achieved operating revenue of 2.409 billion yuan, up 37.71% year over year. Net profit attributable to shareholders was 144 million yuan; in the same period last year, there was a loss of 89.5027 million yuan, turning from a loss to a profit year over year. Basic earnings per share were 0.46 yuan. The company plans to distribute a cash dividend of 1.38 yuan for every 10 shares (including tax). During the reporting period, the prices of tungsten metal raw materials increased steadily throughout the year, and the tungsten market’s supply-and-demand situation improved compared with previous years. As a major domestic tungsten products and tungsten materials manufacturer, the company enhanced its pricing power for tungsten products. The price increases in raw materials were passed through to downstream products relatively smoothly, and the gross margin and gross profit of the company’s main products increased significantly. Sales order volume for cemented carbide increased markedly year over year. At the same time, the capacity for photovoltaic-grade tungsten wire continued to ramp up, and the company strengthened cost control to improve profitability. Both revenue and gross-margin contribution increased year over year, providing important support for the growth in performance.