China Tungsten High Tech Materials Co., Ltd. (000657)

China Tungsten High Tech Materials Co., Ltd. (000657)

China Tungsten High Tech Materials Co., Ltd. is a high-tech manufacturing enterprise listed on Shenzhen Stock Exchange. It is a professional tungsten industry development enterprise of China Minmetals Group Co., Ltd., one of the world's top 500 enterprises. Formerly known as Hainan Jinhai Co., Ltd., the company was listed on Shenzhen Stock Exchange in December 1996 and renamed as China Tungsten High Tech Materials Co., Ltd. in June 2000, with the stock code of 000657. The company has assets under management of over 19 billion yuan, overseas institutions in the United States, Germany, France, India, South Korea and other places, and its products are sold to more than 70 countries and regions in the world.

China tungsten high tech is the operation and management platform of China's five mineral tungsten industry, which manages and operates a complete tungsten industry chain integrating mining, smelting, processing and trade. The tungsten resource reserves of tungsten mines within the scope of management are 1.36 million tons, accounting for 13% of the total reserves in China. Bismuth reserves are 243000 tons, accounting for 35% of the world's total reserves, including 160000 tons of basic reserves, accounting for 48% of the world's basic reserves. Fluorite reserves are 46 million tons, accounting for 21% of China's total reserves. The annual production capacity of tungsten smelting is 20000 tons, accounting for 10% of the national apt production capacity. Cemented carbide accounts for more than 25% of the domestic market share, with many leading advantage products, including cutting tools, it tools, cemented carbide bars, ball teeth, roller products, powder products, etc., which are at the leading level in China, and also have a high reputation and influence in the world.

With outstanding talent and technology advantages, the company has four national level scientific and technological innovation platforms and key laboratories, nearly 1500 R & D personnel, and more than 1000 valid patents, and maintains a rapid growth every year. It is a well deserved leading enterprise and leader in the field of China's tungsten industry.

Entering the new era, sinotungsten hi tech has established the strategic positioning of "mining is the guarantee, smelting is the foundation, and alloy is the direction". All sinotungsten personnel will keep in mind the strategic mission of "made in China with sinotungsten tools, and made in the world with Chinese tools", uphold the common values of "integrity, professionalism, innovation, and efficiency", and carry forward the enterprise spirit of "a thousand refining, its profits break gold", To build a world-class tungsten industry group with global competitiveness and make unremitting efforts!

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