23rd August: Guangdong Xianglu’s H1 2022 report shows that the company realized an operating income of RMB 900 mln, up by 16.15% y-o-y. The net profit attributable to shareholders of the listed company was RMB 23 mln down by 4.93% y-o-y.
In H1 2022, Xianglu consolidated the market of its main business products, further strengthened marketing, R & D innovation, production management, quality control and other aspects, and the income of its main products tungsten carbide powder and cemented carbide increased by 6.64% and 29.87% respectively.
