In the first half of 2009, the production and operation efficiency of China's tungsten industry declined

In the first half of the year, China's tungsten industry continued to suffer from the international financial crisis. The demand in the international market continued to shrink, the export of tungsten products fell sharply, and the market price fluctuated at a low level. The export tariffs on tungsten products, the tax increase on tungsten resources, and the transformation of value-added tax increased the tungsten enterprises. Taxation, the business situation is grim, and economic benefits are declining.
According to the statistics of 63 enterprises, in the first half of the year, the sales revenue of China's tungsten industry was 11.336 billion yuan, down 25.1% year-on-year; the profit and tax was 680 million yuan, down 62.4% year-on-year; the profit was 78.5 million yuan, down 91.6% year-on-year.

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