章源钨业(002378) - 2025 Q4 - 年度业绩

Financial Performance - Total revenue for 2025 reached RMB 5,201,710,982.70, a year-on-year increase of 41.61% from RMB 3,673,251,745.88[4] - Operating profit rose to RMB 354,210,729.49, reflecting a 62.25% increase compared to RMB 218,313,172.74 in the previous year[4] - Net profit attributable to shareholders increased by 68.73% to RMB 290,270,297.27, up from RMB 172,028,563.80[4] - Basic earnings per share improved by 71.43%, reaching RMB 0.24 compared to RMB 0.14 in the prior year[4] - The company's net profit after deducting non-recurring gains and losses was RMB 295,384,526.38, a 64.13% increase from RMB 179,968,731.28[4] - The weighted average return on net assets increased by 4.77 percentage points to 13.04% from 8.27%[4] Assets and Inventory - Total assets at the end of the reporting period were RMB 6,708,870,617.57, a 34.88% increase from RMB 4,974,113,488.54 at the beginning of the period[4] - Inventory levels rose significantly due to increased tungsten prices and efforts to ensure order fulfillment[6] Market Factors - The increase in revenue and profit was primarily driven by higher sales volume and significant price increases in tungsten products due to tight market supply[5][6] Forecast Accuracy - There were no significant discrepancies between the reported results and the previous earnings forecast disclosed on January 29, 2026[7]