Xianglu Tungsten: If the price of tungsten concentrate fluctuates sharply while the price of tungsten products does not change accordingly, it will affect the company's operating performance

36Kr learned that Xianglu Tungsten announced that the tungsten concentrate required for the company's production is mainly obtained through external purchases. The sales prices of the company's products are adjusted according to the fluctuations in tungsten concentrate prices, thereby reducing the impact of raw material price volatility on the company's operating performance. However, if there are drastic changes in tungsten concentrate prices in the future and the prices of tungsten products do not change accordingly, it will affect the gross margin level and operating performance of the company's main products