Mei Ri Jing Ji Xin Wen·2026-02-27 03:20Core Viewpoint - The price of tungsten has surged significantly, leading to a wave of price increases among downstream hard alloy manufacturers due to rising production costs and supply shortages [2][6]. Group 1: Price Adjustments by Companies - Xinrui Co., Ltd. announced a price adjustment for its hard alloy products effective February 27, 2026, citing continuous increases in raw material prices since 2025 [2]. - Huarui Precision also issued a price adjustment notice, marking its fourth such announcement in three months, indicating that existing prices can no longer cover the rising raw material costs [4][6]. Group 2: Tungsten Price Surge - Tungsten prices have increased by 470% since early 2025, with tungsten powder reaching 1800 yuan per kilogram by February 25, 2026, compared to 316 yuan per kilogram in early 2025 [6]. - The supply-demand imbalance in the global tungsten industry, along with policy controls and surging demand, has contributed to this price increase [6]. Group 3: Financial Performance of Leading Manufacturers - Huarui Precision reported a revenue of 1.014 billion yuan for 2025, a year-on-year increase of 33.65%, and a net profit of 187 million yuan, up 74.61% [7]. - Xinrui Co., Ltd. also experienced revenue growth, achieving 1.789 billion yuan in the first three quarters of 2025, a 32.11% increase year-on-year, with a net profit of 165 million yuan, up 22.68% [8]. Group 4: Factors Contributing to Revenue Growth - The revenue growth for both companies is attributed to increased downstream demand, enhanced product performance, and effective cost management strategies [7][8]. - Price adjustments in response to rising raw material costs have further supported profit margins [8].