China Tungsten Hits Day Low of CNY 56.07 Amid Price Pressure

China Tungsten & Hightech Materials Co., Ltd. experienced significant volatility on March 13, 2026, with the stock hitting an intraday low of CNY 56.07, reflecting a decline of 10.0% for the day. This drop comes amid a broader market trend, as the China Shanghai Composite index only fell by 0.82% on the same day. Despite today's downturn, China Tungsten & Hightech has shown remarkable performance over the past year, boasting a staggering 425.0% increase in stock value. The company's financial health remains robust, with a net profit growth of 15.91% reported in its latest quarterly results. The operating cash flow reached a record high of CNY 1,256.73 million, and the return on capital employed (ROCE) stands at an impressive 20.09%. In terms of valuation, the company maintains a price-to-book ratio of 4.41 and a return on equity (ROE) of 14.88%, indicating a solid financial position. The stock's performance over the last five years has also been noteworthy, with a remarkable 730.2% increase, significantly outperforming the China Shanghai Composite index.