2025-05-16
China Tungsten High tech achieved a "good start" in its first quarter
In the first quarter,various directly managed enterprises of China Tungsten High tech Materials Co.,Ltd.(hereinafter referred to as"China Tungsten High tech")adopted a fighting attitude of"decisive battle at the beginning and sprint at the beginning",deeply implemented the spirit of the annual work conference of China Minmetals,coordinated the promotion of scientific and technological innovation,market breakthrough,lean management and safety production,and delivered a"good start"with both quality and efficiency.According to the information,in the first quarter,China Tungsten High tech saw a year-on-year increase in revenue,profit,and production,with fruitful achievements in scientific and technological innovation and prominent synergies in the industrial chain,laying a solid foundation for achieving the annual goals.All affiliated enterprises of China Tungsten High tech have achieved a dual improvement in scale and efficiency with the style of"competing for real".Shizhuyuan Company has implemented a dual strategy of"process optimization+project tackling",resulting in a 1.17%and 9%increase in the recovery rates of tungsten concentrate and fluorite concentrate,respectively.High grade fluorite concentrate accounts for 80%,and revenue and profit targets have been exceeded;The 10000 ton technological renovation project is rapidly advancing,with a completion rate of over 40%for key engineering nodes such as flood discharge tunnels and transportation tunnels,laying the foundation for the release of annual production capacity.Yaogangxian Mining,driven by"safe foundation construction+mechanized upgrading",has achieved a significant increase in efficiency by completing slope unloading and drainage projects.Mechanized mining has increased the efficiency of tungsten black perforation by 20%and reduced the cost of explosives by 26%;The optimization of the white tungsten flotation process helped to increase the comprehensive recovery rate by 1.5 percentage points,and the total operating income and profit exceeded the plan by 120%and 145%respectively.Xianglushan Tungsten Industry has coordinated"mechanized operation+project construction"and applied the"bottom cleaning robot electric locomotive linkage"system.The efficiency of mechanized mining has increased by 20%,transportation efficiency has increased by 30%,and the level of intrinsic safety has significantly improved.The operating revenue has increased by 21.06%year-on-year,and the total profit has increased by 47.85%year-on-year.Chenzhou Tungsten Company focuses on"capacity release+quality leap",with APT production increasing by 16.72%year-on-year,reaching a historical high of 1661.2 tons in March;The detection efficiency of X-ray fluorescence method has been improved to 1 minute/time,the pass rate of one-time inspection has increased by 3.84%year-on-year,the volume of contract processing business has surged by 160%,the raw material supply channel has been expanded by 30%,and the ability to ensure stable production and supply has been significantly enhanced.China Tungsten High tech seized the favorable window of the capital market at the beginning of the year.Led by the main person in charge of China Tungsten High tech,the work team went to Beijing,Zhuzhou,Shanghai,Guangzhou,Shenzhen and other places to have detailed exchanges with investment institutions,and solidly promoted the issuance of supporting financing for Tiangong projects,attracting many investors to actively subscribe.The total amount of issuance and subscription reached 4.134 billion yuan,2.3 times the planned fundraising amount.On March 18th,with a much faster issuance time than the market average,Yuan**completed the issuance and successfully raised supporting funds of 1.8 billion yuan.The issuance price is 9.5 yuan/share,which is a premium of 16%compared to the issuance bottom price of 8.16 yuan/share.The raising of matching funds this time is a powerful measure to resolutely implement China Minmetals'"deleveraging risk reduction"special action,further strengthen the financing function of China Tungsten High tech's listing platform,optimize the shareholder structure,and create a good foundation for China Tungsten High tech's market value management.Subsidiary enterprises of China Tungsten High tech have replaced the traditional"waiting for orders"model with proactive marketing,accurately matching customer needs,and promoting the dual improvement of order quality and customer stickiness.Jinzhou Company seized the initiative in the AI field and seized the opportunity of global AI infrastructure construction.The sales of its main product PCB tools increased by 60.17%year-on-year,and the revenue surged by 48.23%,reaching a historic high;During the Spring Festival,the company maintained a 90%production capacity utilization rate and implemented 24-hour shifts to ensure smooth delivery of orders from domestic and foreign customers;Optimize the precision and lifespan of micro drilling,break through the high-end PCB manufacturing supply chain,develop targeted specialized cutting tools,and seize market share in high value-added fields such as chip packaging and server manufacturing.The Precision Parts Division of Zijin Company insists on enhancing brand awareness from multiple aspects such as market,technology,and management,and has added more than 20 potential customers;Implement the strategy of key customers,strengthen the development of overseas markets,add three international customers along the"the Belt and Road",increase the sales volume of"Top Two"shaft sleeve products by 10%year on year,and increase the sales volume of precision parts by 25%year on year.Nanchang hard alloy is advancing simultaneously both domestically and internationally,promoting high value-added cutting tools in emerging markets such as South Korea,Thailand,and Vietnam,successfully opening up new export channels;The export of powder products has been steadily improved,and the proportion of high value-added products has increased to 35%;Develop a layered maintenance plan for A-class customers,launch the LTC project to accurately break through business bottlenecks,successfully develop new customers in the high-end equipment manufacturing field,and increase tool sales by 21%year-on-year.Based on the long-term development of the enterprise,Rare New Materials has laid out the Yanling Tantalum Powder Base,built a tantalum powder production line,and signed tantalum powder export orders;Promote the certification of high-purity tantalum materials for new products by customers and sign annual supply contracts.In the field of innovation and efficiency improvement,China Tungsten High tech has promoted the construction of a national laboratory for hard alloys with the high standard of"eight practical measures".It has discussed cooperation details with co construction units Hunan University and Northwestern Polytechnical University multiple times,actively planned the application of national science and technology major special projects such as new materials,and coordinated the gathering of scientific and technological"fist power".The first**international standard ISO/DTR 23867"Ultrasonic Testing Method for Hard Alloys"CD draft,which was led by Zhugang Company,passed the international vote with full votes.Three national standards and one industry standard draft,which were led to revise,passed the review,promoting technological progress in the industry;By analyzing the OEE indicators of key equipment through the SAP-ERP system,the equipment utilization rate increased by 12%year-on-year,and the automation connection of deep processing drove a 25%increase in self processing capacity.Yuanjing Tungsten Industry conducted low-temperature environment beneficiation experiments and optimized the black tungsten recovery process.In March,the black tungsten production reached nearly 15 standard tons,achieving a historical good result in a single month.Ganbei Tungsten Industry has strengthened its source control process standards,significantly optimized indicators such as alkali consumption and ammonia consumption,and achieved an APT production of 2755 tons,a year-on-year increase of 18.08%.In the field of accelerating reform,Zhuzuan Company introduced the IPD model,achieving double-digit growth in direct sales business and shortening the average delivery time of cutting tools by 22.48%.Great Wall Tungsten Molybdenum deepens IPD management reform,establishes a quasi business unit structure,optimizes business processes,increases inventory turnover by 13%,improves market response speed by 30%,and increases molybdenum top sales by 34%year-on-year.In the field of lean cost reduction,Great Wall Equipment has optimized more than 40 processes such as procurement and reimbursement,resulting in a 13%increase in efficiency and a 15.4%decrease in logistics costs.It has also strengthened equipment debugging and process optimization,and has completed more than 50 technical supports.The shared service company integrated the needs of more than 20 alloy enterprises,built a"1+N"centralized procurement matrix,and achieved intensive procurement of materials such as ring drawer boxes,tool steel handles,etc.,reducing costs by 5.45 million yuan.The transportation service cost is expected to decrease by 3.6 million yuan annually;Through a dynamic shortlisting mechanism,emergency channels were established for companies such as Zhuzhou Drilling Company and Zhuzhou Hard Company,resulting in a year-on-year decrease of 14%and 15%in the purchase prices of liquid argon and graphite products,respectively.Adhering to the main line of"stable growth,innovation,strong foundation,refined management,and security environment",deepening the transformation of IPD management and industrial chain coordination,fully overcoming technological barriers to expand high value-added markets,accelerating the construction of intelligent mines and green factories,China Tungsten High tech will take the first quarter of"opening the door red"as the starting point,exert full enthusiasm,seize the opportunity,and strive to write a new chapter of high-quality development.
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