On 24 October, Oriental Tantalum Industry released its 2023 third quarter report, disclosing the company's operating results for the first three quarters. The report showed that Oriental Tantalum achieved solid revenue growth in the first three quarters of the year, with operating income reaching 781 million yuan, up 7.79% year-on-year.
The report further analysed that Oriental Tantalum's operating income increased in the third quarter, reaching 234 million yuan, up 0.03 percent year-on-year. However, net profit attributable to shareholders of the listed company declined in the third quarter, to 28.3543 million yuan, down 12.78 per cent year-on-year.
Despite the decline in net profit in the third quarter, Oriental Tantalum's overall performance in the first three quarters of the year remained solid. Net profit attributable to shareholders of the listed company reached 146 million yuan, up 9.40 per cent year-on-year. Basic earnings per share were RMB 0.3305, showing the company's efforts to improve profitability.
Oriental Tantalum is a technology-based enterprise that focuses on the production, development and sales of tantalum, niobium and their alloy products. Its products are widely used in electronics, communications, aviation, aerospace and other fields. Against the backdrop of the current sustained global economic recovery, demand from the electronics and communications industries continues to grow, which provides Oriental Tantalum with a broad market space for its products.
[Source - Yangtze River Non-ferrous Network]
