Key Facts
Affected by the surge in tin prices, the company's H1 revenue was 934 million yuan, up 40.62% year-on-year; net profit was 52.08 million yuan, up 23.47% year-on-year. The company stated that the high revenue growth was mainly due to higher metal raw material prices and adjustments to its quotation model.
Market Changes
As a major raw material for microelectronic soldering materials, tin ingot costs account for a relatively high proportion of the company's main business costs. Against the backdrop of tin prices surging by more than 30%, the gross margin of the company's core product, microelectronic soldering materials, was 11.68%, up only 0.54 percentage points year-on-year.