翔鹭钨业：预计2025年归属于上市公司股东的净利润12500万~18000万元

Core Viewpoint - Xianglu Tungsten Industry expects a significant increase in net profit for 2025, projecting a range of 125 million to 180 million yuan, representing a year-on-year growth of 239.66% to 301.11% [1] Financial Performance - The basic earnings per share are estimated to be between 0.4 and 0.57 yuan [1] - The primary reason for the performance change is the continuous increase in tungsten metal raw material prices throughout the year [1] Market Conditions - The supply and demand situation in the tungsten market has improved compared to previous years [1] - As a major manufacturer of tungsten products and materials in China, the company has enhanced its pricing power for tungsten products [1] Cost and Revenue Dynamics - The increase in raw material prices has been smoothly transmitted to downstream products, leading to significant growth in gross margin and gross profit for major products [1] - There has been a notable increase in sales orders for cemented carbide, and the production capacity for tungsten wire used in photovoltaics is gradually being released [1] - The company has strengthened cost control measures, which have improved profitability, contributing to the increase in revenue and gross profit year-on-year [1]