Guangdong Ganhua Science & Industry Co., Ltd. (000576.SZ) engages primarily in the research, development, production, and sales of military products including high-performance power supplies, tungsten alloy prefabricated fragments, and special alloy materials; it operates through segments such as Power and Related Products, High-Performance Tungsten Alloy Products encompassing tungsten posts, tungsten rings, tungsten balls, and amorphous alloy composites, High-Performance Amorphous Alloy Products, and residual sugar trading activities. The company, founded in 1992 as Jiangmen Sugarcane Chemical Factory (Group) Co., Ltd. and renamed in November 2020, is headquartered in Jiangmen, Guangdong Province, China, with main operations focused on the domestic market and subsidiaries including Shenyang Energy-containing Metal Materials Manufacturing Co., Ltd. and Sichuan Shenghua Power Technology Co., Ltd. acquired in 2018 under the support of controlling shareholder Delixi Group to pivot from traditional sugar and yeast businesses to high-tech military and aerospace sectors. Recent developments include an additional 20% stake acquisition in Shenyang Energetic Metal Materials Manufacturing Co., Ltd. for CNY 68.3 million to strengthen control over energetic metal materials production, alongside ongoing sales growth in power products to CNY 256 million and tungsten alloys to CNY 127 million in 2024, reflecting expanded military applications in airborne, shipborne, and ammunition platforms.