Recently, Xiamen Tungsten Industry announced its performance in 2017. Its annual report shows that the company realized revenue of 14.188 billion yuan, an increase of 66.37% year on year, and realized net profit of 618 million yuan for shareholders of listed companies, an increase of 320.66% year on year, which is higher than expected.

On March 28, the Central People's Broadcasting Station announced that the State Council's executive meeting had decided that the VAT tax rate for manufacturing industry and other industries would be reduced from 17% to 16% on May 1. Transportation, basic telecommunications and other VAT rates will be reduced from 11% to 10%. The annual sales Standard of taxpayers will be raised from 50 and 800,000 to 5 million yuan. In addition, preferential tax deductions will be given to advanced manufacturing, R&D and other high-tech industries. It is understood that the tax reduction is only a small test, with the deepening of the policy, there will be more favorable policies.

According to the announcement of the Ministry of Finance, the Tariff and Tax Commission of the State Council has decided to suspend the duty of tariff concessions on some imports originating in the United States, which will come into effect on April 2, 2018.

Recently, the major manufacturers of tungsten products industry have issued price increase letters, announcing that starting in April, the price of all tungsten products such as cemented carbide and sprayed powder will be raised again.