China Tungsten and Hightech Materials Co., Ltd.
中钨高新
000657
Shenzhen Stock Exchange
Company Profile
1. The company is a leader in China's tungsten industry, with the world's highest cemented carbide output. Its cutting tools, micro-drills, cemented carbide rolls, ball teeth, precision parts, hardfacing materials, and molybdenum wire are the largest in scale and most advanced in technology in China. It offers a full range of cemented carbide products, from basic tungsten powder to high - value - added blades and tools, including over 10,000 types of CNC blades. The expanding product range and optimized structure enhance its market competitiveness and risk resistance. 2. As the tungsten industry operation and management platform of China Minmetals Group Co., Ltd., the company manages a complete tungsten industry chain, covering mining, smelting, processing, and trade. Within its management scope are 17.4% of China's total tungsten resource reserves and 14.6% of the national APT production capacity, giving it strong raw material support. 3. The company's talent pool and R&D strength are top - notch in the industry. Zhuzhou Cemented Carbide Group Co., Ltd., known as the "cradle of China's cemented carbide industry," is China's first cemented carbide R&D and production enterprise. It boasts the industry's sole National Key Laboratory of cemented carbide, several national sci - tech innovation platforms and high-tech firms, and has undertaken many national and provincial key sci - tech projects. It holds 1,773 valid patents, over 1,000 full - time R&D staff, and its R&D investment is rising, underpinning its technological innovation. 4. The company has built a global marketing network spanning multiple countries and regions. Its brands, "Diamond" and "Great Wall," are renowned both domestically and internationally, and its products are recognized by many well-known enterprises. It enjoys good and stable customer relationships.
Full description
The company's main business includes the development, production, and sales of tungsten concentrates, cemented carbides, and non-ferrous metals such as tungsten, molybdenum, tantalum, and niobium, as well as their deep-processed products and equipment, along with related trading activities. The company owns several key subsidiaries, including Zhuzhou Cemented Carbide Group Co., Ltd. (referred to as "ZhuZhou Cemented Carbide"), a key project of China's First Five-Year Plan and known as the "Cradle of China's Cemented Carbide Industry"; Hunan Shizhuyuan Nonferrous Metals Co., Ltd. (referred to as "Shizhuyuan Company"), one of the five national mineral resource comprehensive utilization bases, the world's largest single tungsten mine in operation, also producing molybdenum, bismuth, fluorite and other minerals, and known as the "World Nonferrous Metals Museum"; Zhuzhou Diamond Cutting Tools Co., Ltd. (referred to as "ZhuZhou Diamond"), a leading domestic comprehensive supplier of cemented carbide cutting tools; Shenzhen Jinzhou Precision Technology Co., Ltd. (referred to as "Jinzhou Company"), a global leader in precision micro-drills and tools for AI PCB applications; Zigong Cemented Carbide Co., Ltd. (referred to as "Zigong Cemented Carbide"), a leader in the tungsten-based hard-facing materials sector in China; Hengyang Vision Tungsten Industry Co., Ltd. (referred to as "Vision Tungsten"), one of the largest tungsten concentrate suppliers in China; Nanchang Cemented Carbide Co., Ltd. (referred to as "Nanchang Cemented Carbide"), one of the largest tungsten powder production bases in China; China Tungsten Rare Metal New Materials (Hunan) Co., Ltd. (referred to as "Rare New Materials"), one of China's earliest production bases for tungsten, molybdenum, tantalum, niobium and other rare metals, and one of the manufacturers with the widest range and most extensive series of refractory metal products; Chengdu Great Wall Tungsten-Molybdenum New Materials Co., Ltd. (referred to as "Great Wall Tungsten-Molybdenum"), a leading producer of tungsten and molybdenum products in China; and Zigong Great Wall Equipment Technology Co., Ltd. (referred to as "Great Wall Equipment"), one of the leading manufacturers of cemented carbide equipment in China. The company's products benefit from advantages in scale, product mix, and technological innovation. Its product portfolio covers over 10,000 specifications, including powders, wear-resistant materials, precision components, cutting tools, and precision tools, making it the most diverse product range in the industry. Building on its scale advantages, the company continuously optimizes its product mix, shifting the focus of its end products toward high-value-added and competitively advantageous markets. Adhering to the sustainable development strategy of "innovation-driven and technology-led", the company continues to strengthen the deployment of R&D projects and the construction of research platforms, focusing on foundational, urgent, cutting-edge, and disruptive original technologies. It also cultivates and develops strategic emerging industries and future-oriented industries, injecting "tungsten power" into China's high-quality development through a series of major scientific and technological achievements, thereby comprehensively enhancing its technological innovation capabilities and management levels, and continuously improving its core competitiveness. The company has a well-established management system and has built a multi-level, multi-channel global marketing network. It has set up sales branches in Germany, the United States, India, and other countries, and has registered its product trademark "Diamond" in more than 60 countries and regions, including the United Kingdom, Denmark, South Korea, Australia, and Canada. Its products are sold to over 70 countries and regions worldwide.