Chongyi Zhangyuan Tungsten Co., Ltd.

Chongyi Zhangyuan Tungsten Co., Ltd. is a leading manufacturer in the nonferrous metal smelting and pressing sector, primarily focused on the tungsten industry. Established in 2010 and listed on the Main Board of the Shenzhen Stock Exchange, the company has developed an integrated production system that encompasses all stages of the tungsten supply chain, including upstream prospecting, mining, and mineral processing, as well as midstream smelting and powder production, and downstream deep processing. The company's operations are divided into three main business lines. Its upstream segment involves tungsten ore exploration and mining, with ownership of six mining rights and ten exploration rights. Midstream, it produces a variety of tungsten powder products tailored to industrial needs. The downstream segment manufactures cemented carbide products through subsidiaries, offering a range of tools and surface coating services for various industries, including automotive and aerospace. Chongyi Zhangyuan Tungsten Co., Ltd. emphasizes innovation and digital transformation to enhance operational efficiency and maintain a competitive edge in the market.

(I) Resource Assurance and Complete Tungsten Industry Chain 1. Resource Assurance: Our company owns 6 mines with mining rights and 10 mines’ areas with exploration rights. Through collaboration with industry geological experts and specialized prospecting teams, it continuously advances resource exploration efforts, steadily integrates mining-rights mines with exploration-rights areas, and further strengthens its resource reserve capabilities. 2. Complete Tungsten Industry Chain: Our company has established a complete tungsten industry chain production system, offering a diverse range of products to meet the needs of various clients. This not only enhances its resilience against market fluctuations but also lays a solid foundation for sustainable development. (II) Innovation-Driven Advancement in Technological Capabilities 1. Commitment to Innovation: Our company consistently drives growth through scientific and technological innovation, adhering to a path that integrates independent innovation with government-industry-university-research-application collaboration. It has established an innovation platform and system centered around its Technology Center. Recognized as a National Innovative Enterprise, Technology Innovation Demonstration Enterprise, and High-Tech Enterprise, Our company’s Technology Center has been certified as a National Enterprise Technology Center. 2.Ganzhou Achteck’s Achievements: As a National Specialized, Sophisticated, Distinctive, and Innovative “Little Giant” Enterprise, Ganzhou Achteck has established a Postdoctoral Research Workstation and an Industrial Design Center. Leveraging advanced production, R&D, and testing equipment, it combines automated CNC equipment with IT systems to achieve intelligent manufacturing of coated cutting tools. This breakthrough has disrupted the monopoly of imported brands in key sectors and realized import substitution, supported by continuous technological innovation, market expansion, and brand upgrading. (III) Steady Progress in Digital Transformation 1. Technology-Driven Applications: Leveraging cloud computing, IoT, 5G networks, and AI, Our company has implemented advanced solutions in safety and environmental monitoring, product quality inspection, and production safety control. Through IT and digital infrastructure development, it enhances operational efficiency, optimizes production processes, and improves product quality. 2. Proprietary Production Management System: Our company’s self-developed Production Information Management System (PIMS) has been deployed across all manufacturing facilities. This system enables transparent process management, including full-process traceability, real-time automated data collection, statistical analysis of quality data, and optimized scheduling of production workflows and equipment operations. These innovations have significantly elevated overall operational efficiency. (IV) Stable Core Team Driving Sustainable Growth 1. Experienced Leadership: The core management team and technical experts possess deep expertise in tungsten mining, smelting, and advanced processing, with extensive industry knowledge to identify market trends and capitalize on opportunities. 2. Talent Development: Over the past decade, Our company has prioritized talent cultivation, nurturing a cohort of highly skilled technical professionals. These individuals now hold critical roles in key departments, providing robust momentum for Our company’s sustained innovation and growth. (V) Regional Policy Advantages During the reporting period, local governments introduced a series of industrial policies to support the development and utilization of tungsten, a strategic mineral resource within the region. These policies have created favorable conditions for Our company’s expansion and resource optimization. (VI) Market Position and Competitive Advantages Our company specializes in the utilization and development of tungsten mining resources, implementing a strategy to refine and strengthen the tungsten industry chain. It continues to increase investments in deep processing and is committed to R&D and production of high-performance, high-value-added tungsten products. 1.Upstream Mining and Mineral Processing: Innovative Mining Technologies: Our company has developed proprietary mining technologies while integrating advanced mining and mineral processing equipment. Through its smart mining initiatives, it enhances the mechanization and intelligence of mining operations. Green and Intelligent Mining Leadership: Our company’s three primary mines—Taoxikeng Tungsten Mine, Xin’anzi Tungsten-Tin Mine, and Dayu Shilei Tungsten Mine—are all certified as national-level “Green Mines”. For other planned mines, Our company has formulated “Green Mine Development Plans”, strictly adhering to eco-friendly standards to green and beautify mining environments while steadily advancing the intelligent transformation of its mining operations. 2. Midstream Smelting and Powder Production Our company’s facilities are certified as national-level “Green Factories”, achieving: Land-use intensification Non-toxic raw materials Clean production processes Waste recycling Low-carbon energy utilization In tungsten smelting, Our company is advancing green development and energy-saving technologies. Its proprietary innovations—“Short-Process Green Smelting for Scheelite” and “Green & Efficient Recycling of Tungsten Scrap”—enable stable production of Ammonium Paratungstate (APT), enhancing smelting efficiency and reducing costs. For powder production: Our company manufactures customized tungsten powders (coarse, medium, and fine grains) in three dedicated workshops with specialized equipment, ensuring consistent product quality. According to the China Tungsten Industry Association, as of Q4 2024: Tungsten powder output ranked 1st nationally. Tungsten carbide powder output ranked 2nd nationally. 3.Downstream Precision Processing Ganzhou Achteck, a national-level "Little Giant" enterprise (specialized, sophisticated, and innovative), focuses on producing high-end products that rival international top-tier brands, with a domestic market strategy to replace imported counterparts. Core Strengths: Self-sufficiency: Adheres to the principle of "in-house production, design, and R&D", supported by a highly skilled R&D team. Key members have led or contributed to national and international projects. Industry-Academia Collaboration: Strengthens partnerships with global universities and research institutes to enhance independent innovation capabilities. Smart Manufacturing: Integrates automated CNC equipment with digital systems, leveraging advanced production, R&D, and testing facilities to achieve smart manufacturing of coated cutting tools.