Western Metal Materials Co., Ltd.
西部材料
002149
Shenzhen Stock Exchange
Company Profile
The company is a leader in the rare metal new material industry in China, and is a high-tech enterprise established and listed through the transformation of key research institutes. Relying on the strong scientific research strength of the controlling shareholder Northwest Nonferrous Metals Research Institute in related fields for over 50 years, it aims to promote the transformation and industrialization of scientific and technological achievements with independent intellectual property rights. Since its establishment 20 years ago, the company has formed eight major business areas, including titanium and titanium alloy processing materials industry, layered metal composite material industry, rare and precious metal material industry, metal fiber and product industry, rare metal equipment manufacturing industry, tungsten molybdenum material and product industry, titanium high-end daily consumer goods and precision processing manufacturing industry, which have made important contributions to the development of the national economy, national defense construction, aerospace, and nuclear power industry. Since its establishment, especially since its listing, the company has been continuously improving its corporate governance structure in accordance with the requirements of modern enterprise systems, striving to improve its standardized operation level, fully leveraging its own advantages, continuously seeking higher core competitiveness, stronger innovation ability, and greater development potential. This is mainly reflected in the continuous strengthening of technological innovation ability, continuous strengthening of talent cultivation and team building, and steady improvement of business management ability Progressive improvement of advanced manufacturing methods and other aspects.
Full description
The company is a leading enterprise in the new material industry mainly engaged in the research and development, production, and sales of rare metal materials. After years of research and development accumulation and market development, it has developed into a large-scale and comprehensive rare metal material deep processing research and production base. It has titanium and titanium alloy processing materials, layered metal composite materials, rare and precious metal materials, metal fibers and products, tungsten and molybdenum materials and products, rare metal equipment Titanium high-end consumer goods, precision machining and manufacturing and other eight business segments, the products are mainly used in aerospace, nuclear power, environmental protection, marine engineering, petrochemical, chemical, metallurgical, power and other industries and many national large-scale projects. The company mainly has two business models: incoming processing model and buyout processing model. Incoming processing refers to the processing of customer materials, with stable processing fees charged. The company does not bear the risk of fluctuations in rare metal prices; Buyout processing refers to the company purchasing rare metal raw materials and selling them to downstream customers after processing. The buyout processing model requires companies to bear the risk of fluctuations in rare metal prices. In order to avoid this risk, companies usually lock in raw material procurement costs when accepting customer orders, and earn processing fees by locking in both ends.