Xiamen Tungsten’s Half-year Net Profit Reduces By Nearly 80% And Rare Earth Profit Increases By 240.54%

On July 15,2019,Xiamen Tungsten Co.,Ltd.(stock code:600549,hereinafter'Xiamen Tungsten'),the largest tungsten producer in China,published its business results report of H1 2018.Based on the report,in H12018,the operating:income was RMB 8.384billion,down by 3.23%YoY,and the net profit attributed to listed shareholders was RMB 77.4066 million,significantly down by 76.83%YoY.These are only the preliminary accounting results,which are not audited by the accounting firm.