Corporate Update – Chongyi Zhangyuan Tungsten
Market Snapshot
During a 24‑hour trading window concluding at 03:56 PM Central Europe on Friday 23 October 2026, Chongyi Zhangyuan Tungsten (002378.SZ) closed flat, with no change in price. The share is presently priced at CNY 18.54 on major exchanges. The company’s market capitalisation stands at CNY 3.20 billion, while 1.20 billion shares are currently outstanding. In the past 24 hours, the stock volume amounted to CNY 250.7 million.
Over the last month, the stock has declined 20.78 %. Its 200‑day simple moving average sits at CNY 26.40, and the most recent 52‑week high and low are CNY 48.42 (11 March 2026) and CNY 11.96 (28 November 2025), respectively.
Third‑Quarter Earnings Surge
Chongyi Zhangyuan Tungsten released its third‑quarter earnings report, highlighting a substantial increase in profitability. Management emphasized that the core tungsten mining and processing units performed strongly, buoyed by continued demand from the technology and energy sectors. Analysts noted a marked improvement in financial metrics, citing efficient cost control and a favorable supply‑side environment as key contributors.
Although the company did not disclose granular figures, the narrative underscored that revenue and profit growth outpaced many peers, reinforcing Chongyi Zhangyuan Tungsten’s resilience amid market volatility and ongoing supply constraints. The positive outlook aligns with broader industry expectations for sustained demand growth in high‑tech applications that rely on tungsten.
Comparative Stock Activity (Last 24 Hours)
| Symbol | Price (CNY) | Market Cap (CNY) | P/E Ratio | Notable Event |
|---|---|---|---|---|
| Jz (300040.SZ) | 5.39 | 3.5 bn | 167.6 | Investor Relations Record Form filed 22 Oct 2026 |
| Qingdao Topscomm Communica (603421.SS) | 5.66 | 3.8 bn | – | – |
| Cashway Fintech (603106.SS) | 7.30 | 3.8 bn | 154.63 | – |
| Nanjing Well Pharmaceutica (603351.SS) | 26.68 | 3.8 bn | 24.47 | – |
| Shaanxi Xinghua Chemical (002109.SZ) | 2.71 | 3.5 bn | – | – |
All five listed stocks traded flat during the same 24‑hour period, reflecting a broader market pause rather than company‑specific movements.
Company Profile
Chongyi Zhangyuan Tungsten Industry Co., Ltd. is headquartered in Ganzhou, China, and specialises in tungsten materials. Its operations span the entire value chain: mining, ore dressing, smelting, milling, tungsten carbide production, deep processing, and distribution. The company went public on the Shenzhen Stock Exchange on 9 March 2010. Further details can be found on its corporate website, www.zy‑tungsten.com .
The information presented herein is intended for informational purposes only and does not constitute investment advice.
