On March 1, Chongyi Zhangyuan Tungsten Co.Ltd(002378) in an investigation by investors, said that the company has established a complete integrated production system from tungsten upstream mining and beneficiation, midstream smelting to downstream deep processing, and is one of the manufacturers with a complete industrial chain of China’s tungsten industry.
Tungsten is a strategic scarce resource and a specific mineral for national protective mining. The State implements total amount control and quota management for tungsten mining. In 2020, the company’s tungsten concentrate quota is about 4700 tons, and the total production of tungsten concentrate and tin concentrate is 489064 tons. In 2021, the company’s tungsten concentrate quota is about 5300 tons.
Chongyi Zhangyuan Tungsten Co.Ltd(002378) is one of the few companies in China’s tungsten industry with a whole industry chain. The company’s products cover upstream exploration, mining and beneficiation concentrate products, midstream smelting powder products and downstream deep-processing cemented carbide products. With regard to the future profit growth points, the company said that they are mainly in the following aspects: first, at the upstream end, the company has continuously increased exploration investment in recent years, consolidated resource potential and strengthened resource reserves. At the same time, continue to carry out mechanized and intelligent mining construction of the mine, improve mining and beneficiation efficiency and increase benefits through scientific management. Second, the midstream end produces ultra-fine, medium and ultra coarse powder products to meet the needs of different customers through technological transformation and improving the degree of process and automation. The third is the downstream end. The downstream intensive processing end of the company – Ganzhou aoketai, a wholly-owned subsidiary of the company, has achieved or exceeded the performance of some products of foreign brands, and was selected as the third batch of specialized and new “little giant” enterprises in China in 2021. Ganzhou aoketai makes use of its existing advantageous products to increase the allocation of resources in key industries, create an overall solution for NC tool products with high precision, high efficiency and high performance, expand the market share of products and improve the profitability, so as to become one of the profit growth points of the company in the future.
Chongyi Zhangyuan Tungsten Co.Ltd(002378) said that the company is committed to taking the utilization and development of tungsten resources, R & D and production of high-performance, high-precision and high value-added cemented carbide as the development direction, and the coordinated development of tungsten resource exploration, mining and beneficiation, smelting, intensive processing and related industries. In the future, the company will continue to strengthen resource reserves and consolidate resource base; At the same time, expand the production capacity of competitive and high value-added products.
