Boyun New Materials: Net profit in the first quarter was 132 million yuan, an increase of 13362.43% year-on-year.

Boyun New Materials announced that in the first quarter of 2026, its revenue was 380 million yuan, an increase of 125.94% year-on-year; net profit was 132 million yuan, an increase of 13,362.43% year-on-year. The main reason for the increase in net profit was the increase in revenue from its subsidiary Boyun Dongfang and the rise in gross profit margin. If the prices of the main raw materials for hard alloys remain basically stable at present, based on the existing inventory and monthly sales volume of Boyun Dongfang, the high gross profit margin of hard alloy products at present cannot be sustained in the long term.