China Tungsten & Hightech Materials Co. Ltd. Class A
SSZSE:00065742.28
CNY
+0.64
(+1.54%)
ISIN
CNE0000006M4
Return %
Stock
S&P 500
1Y
127.19
13.14
3Y
384.31
80.78
5Y
283.56
67.74
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
CNY
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in mil. unless spec.Quarterly Earnings Per Share
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CNY
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in mil. unless spec.Company Description
- CEO
- Dan Wang
- Full Time Employees
- 9,685
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- Diamond Building Zhuzhou HU China 412000
- IPO Date
- Dec 5, 1996
- Website
- minmetalstungsten.com
- Similar Companies
- Business
- China Tungsten And Hightech Materials Co., Ltd engages in the research, development, production, sales, and trade of hard alloys and nonferrous metals, focusing primarily on tungsten, molybdenum, tantalum, and niobium products. Its core product portfolio includes cemented carbide tools; tungsten powders; carbide drill bits; cutting inserts and blades (including CNC tools and welding blades); mining alloys and tools; rollers such as top hammers; special-shaped precision parts; tungsten and molybdenum bars and wire; fluorite and molybdenum concentrates; and hard surface materials including casting tungsten carbide and thermal spray products. These products serve critical industries such as aerospace, automotive manufacturing, CNC machine tool production, military, electronics, shipbuilding, and marine engineering. The company operates a comprehensive tungsten industry chain covering mining, smelting, cemented carbide production, and deep processing with geographic operations primarily in China, including subsidiaries and newly acquired entities. Founded in 2000 and headquartered in China, China Tungsten And Hightech Materials has recently undergone significant strategic expansion. Notably, in 2024, the company completed the acquisition of Hunan Shizhuyuan Nonferrous Metals Co., Ltd. for approximately RMB 5.2 billion, a move that establishes an integrated tungsten industry chain encompassing mining, smelting, and downstream processing to enhance industrial transformation and resource integration. Further, the company acquired a 99.97% stake in Hengyang Yuanjing Tungsten Co., Ltd. for RMB 8.21 billion, strengthening its upstream resource base and accelerating market positioning in tungsten materials. China Tungsten also invested RMB 178 million to expand its micro-drill production capacity, aligning with growing demand in high-precision manufacturing sectors. These acquisitions and capital investments reflect a strategic effort to consolidate resources, expand product offerings, and improve technological capabilities within the tungsten and hard materials industry. China Tungsten And Hightech Materials operates in the nonferrous metals and advanced materials industry, with a focus on tungsten and related rare metals. It targets industrial clients primarily within China and has extended its reach through acquisitions to integrate the upstream resource chain and reinforce its market leadership. The company is publicly listed (Ticker: 000657.SZ) and continues to prioritize innovation in tungsten carbide products and precision tools, supporting a range of demanding sectors, including aerospace, IT, and heavy machinery manufacturing. Its business segments include mining, smelting, production of cemented carbide products, and custom processing services for hard surface materials and specialty alloys. The company’s strategic initiatives in the last 1-2 years demonstrate a clear focus on vertical integration and capacity enhancement, positioning it to better withstand market volatility, expand product lines, and leverage technology advancements for sustained growth in the competitive tungsten market. This positions China Tungsten And Hightech Materials as a leading supplier in China’s tungsten industry with growing influence in the global market. China Tungsten And Hightech Materials Co., Ltd. combines a broad product range with recent major acquisitions and production expansions to consolidate its position as a major tungsten materials provider headquartered in China and founded in 2000. These developments significantly bolster its production capabilities, resource control, and application scope across diverse industrial sectors.