Chapter Source Tungsten: It is expected that the net profit will increase by 51% to 86% compared to 2025.

Chapter Source Tungsten Industry Announcement: It is expected that the net profit for the year 2025 will be between 2.6 billion and 3.2 billion yuan, a year-on-year increase of 51% to 86%. During the reporting period, the supply of tungsten raw materials in the market was tight, the market demand increased, and the price of tungsten raw materials rose sharply. The company fully leveraged the synergies of the entire tungsten industry chain, continuously improved product performance, optimized capacity layout, stabilized supply guarantee capabilities, and achieved synchronous growth in production and sales volume.