- CEO
- Guozhu Liu
- Full Time Employees
- 2,274
- Sector
- Producer manufacturing
- Industry
- Industrial machinery
- Address
- No.6 Weixi Road Suzhou JS China 215121
- IPO Date
- Oct 27, 2021
- Business
- Shareate Tools Ltd. (688257.SS), founded in 2005 and headquartered in Suzhou Industrial Park, China, principally engages in the research, development, manufacturing, and sales of cemented carbide products and rock drilling tools; as well as the provision of mining services. The company's core offerings encompass rock drilling tool alloys including cone drills, down-the-hole hammers, and down-the-hole drills; cutting tool alloys; mining tungsten carbide products such as tungsten carbide inserts, carbide substrates for PDC bits, shield machine tools, coal cutter picks, and tungsten carbide tubular electrodes; precision components; tungsten carbide die products comprising carbide plates, cold heading dies, hobs, and powder metallurgy dies; cermet products; and rock drilling tools featuring rotary tricone bits, tri-cone drill bits, single roller bits, roller cutters, horizontal directional drilling bits, and water well bits. These products serve mining, petroleum drilling, engineering machinery, automobile manufacturing, electronic information, aerospace, metal cutting, shipbuilding, chemical, textile, and machinery manufacturing industries; with operations spanning multiple R&D and production bases in Suzhou, Wuhan, Zhuzhou, Guiyang, and Huzhou, China, alongside sales and service subsidiaries in the United States, Australia, Canada, South Korea, and other regions, and controlling stakes in 35 domestic and international subsidiaries including Australasian Mining Services, American Mining Services, and Drillco Chile. Products export to over 20 countries across South America, Africa, Australia, Russia, the United States, Canada, and beyond. In December 2024, Shareate agreed to acquire Drillco Tools S.A. through its Australasian subsidiary; recently, Drillco conducted a learning exchange visit to Shareate's Suzhou headquarters to advance global development strategies; and its Jiangyi subsidiary supported China's first ultra-deep 10,000-meter scientific exploration well, Shenditake 1. The company listed on the Shanghai Stock Exchange STAR Market in October 2021, having changed its name from Kingdream Shareate Tools Ltd. in May 2012.