Tungsten demand tight, H1 profit up 280%
AI chip demand lifts minor metals AI computing is driving demand for tantalum capacitors and molybdenum, which is replacing tungsten in semiconductors. This lifts the whole minor metals sector and supports China Tungsten's products, though the tungsten-replacement trend is a long-term risk to its core business.
Explains the demand-side force behind the stock's move and a real counterweight.
H1 2026 profit surges 280% First-half revenue rose 108.51% to 16.385 billion yuan and net profit jumped 280.53% to 2.076 billion yuan, with second-quarter profit up 25% from the first quarter. Strong earnings confirm the company is cashing in on tight tungsten supply and demand.
The single biggest new fact driving the stock — a huge profit jump.
No dividend despite big profit The company will not pay a cash dividend, issue bonus shares, or convert capital reserve into shares for the first half. Retaining cash can fund growth, but income-focused investors get nothing, a mild negative that partly offsets the strong profit headline.
A real counterweight within the earnings news that readers should know.
Tight tungsten supply lifts sector Shenzhen-listed nonferrous metal companies posted strong first-half results, with more than half doubling profit. The report attributes this to tight supply and demand for industrial metals including tungsten, reinforcing that China Tungsten's gains come from real industry conditions, not one-off items.
Shows the industry-wide supply-demand backdrop that supports the stock's valuation.