Xiamen tungsten Co., Ltd. (600549)

Xiamen tungsten Co., Ltd. (600549)

Xiamen tungsten Co., Ltd. is a group company listed on Shanghai Stock Exchange. The predecessor of the company, Xiamen alumina plant in Fujian Province, was founded in 1958. In 1982, it began to produce tungsten products. In 1984, it was renamed Xiamen tungsten products plant in Fujian Province. In December 1997, Xiamen tungsten products factory was established as Xiamen tungsten industry Co., Ltd. In November 2002, the company's shares were listed on Shanghai Stock Exchange.

By the end of 2019, Xiamen tungsten industry has 35 holding subsidiaries and branches, 3 engineering technology research centers (i.e. National Tungsten Materials Engineering Technology Research Center, high-end energy storage materials national local joint engineering research center, rare earth functional materials and Application Engineering Technology Center), 1 academician workstation and 3 postdoctoral workstations. The company is a national key high-tech enterprise, National Torch Plan tungsten material industry base, the first batch of national circular economy demonstration enterprises, and one of the six national rare earth groups.

In recent years, the company adheres to the strategic policy of "relying on the development of cemented carbide to make Xiamen tungsten stronger, relying on the development of rare earth and new energy materials to make Xiamen tungsten bigger", and continues to optimize and enrich the industrial structure. The company's main production capacity of tungsten material industry is in the forefront of the industry, with a complete industrial chain, and has prominent competitive advantages in tungsten smelting, tungsten wire business, tungsten powder and cemented carbide deep processing. The tungsten wire produced by the company occupies the forefront of the domestic market share; the cemented carbide products produced by the company have the characteristics of high quality and high unit price, and the production and marketing scale is the forefront in China. A number of "Jinlu" brand tungsten alloy and "Honglu" brand tungsten wire products of the company have won the titles of national key new products and Fujian famous brand products. In the field of rare earth industry, as one of the six major rare earth groups in China, the company has formed a relatively complete industrial system from rare earth mine development, smelting separation, rare earth functional materials and scientific research application. In the field of battery materials, the company's production and marketing scale of lithium battery cathode materials ranks in the forefront in China, and is one of the most competitive new energy materials industry bases in China.

In the next five years, Xiamen tungsten industry has determined the strategic positioning of focusing on three core businesses of tungsten and molybdenum, new energy materials and rare earth. It will continue to adhere to the enterprise tenet of "let employees realize their self-worth, enable users to get satisfactory service, obtain rich returns for shareholders, and strive for harmonious development with the society". Through system and mechanism innovation, Xiamen tungsten will be built into a "platform for talent gathering, a platform for enterprise management, and a platform for enterprise management" The platform of technological innovation, the platform of industrial development "to achieve the goal of the third venture.

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