Express News | Meichang Co., Ltd.: The company has developed a dedicated series of products for semiconductor material cutting applications, and related business accounts for a relatively small share of the company's total revenue.

BreakingsMay 20 18:03

Meichang Shares (300861): Pressure on the Diamond Wire Business, Waste Tungsten Recycling Emerges as a Strong Performer

The company released its 2025 annual report, achieving revenue of 2.16 billion yuan in 2025, a year-on-year decrease of 4.88%. Net profit attributable to shareholders reached 244 million yuan, a year-on-year increase of 67.60%, while net profit after deducting non-recurring items amounted to 192 million yuan.

Ping An SecuritiesMay 3 00:00

Meichang Shares reported a net profit attributable to shareholders of 244 million yuan in 2025, representing a year-on-year increase of 67.60%. Scrap tungsten recycling became the second-largest revenue pillar, and non-recurring net profit doubled.

In 2025, the company's revenue slightly decreased by 4.88% to RMB 2.16 billion, while the net profit attributable to shareholders surged by 67.60% to RMB 244 million. The non-recurring net profit more than doubled, increasing by 105.41%. This was primarily driven by the gross profit of RMB 325 million generated from the scrap tungsten recycling business, which effectively offset cost pressures, coupled with a significant 17.62% reduction in selling expenses. The core business has formed a dual-pillar structure of 'diamond wire + scrap tungsten recycling,' with domestic revenue rising to 93.29% of total income, and the gross margin improving by 5.76 percentage points to 23.73%.

lanjinger.comApr 29 15:56

Meichang Shares (300861): Accelerated penetration of tungsten wire leads to significant increase in recycled tungsten waste profits.

Earnings Review On April 28, 2026, the company disclosed its 2025 annual report and Q1 2026 earnings report. In 2025, it achieved a revenue of RMB 2.16 billion, representing a year-on-year decrease of 5%, and a net profit attributable to shareholders of RMB 244 million, reflecting a year-on-year increase of 68%. In Q1, it achieved revenue...

Guojin SecuritiesApr 29 11:02

Meichang Co., Ltd.: First Quarter Report for 2026

SZSIApr 29 00:00 · Announcements

Meichang Co., Ltd.: 2025 Annual Report

SZSIApr 29 00:00 · Announcements