Xiamen Tungsten Company is the world's largest tungsten producer with the production capacity of midstream and downstream products in the tungsten industry chain. The company has certain advantages in the downstream tungsten deep processing field. The production of hard alloys ranks among the top three in China. Tungsten wire is a monopoly for domestic and foreign markets. Deep processing products are also the main source of company profits. The output of upstream tungsten concentrates and mid-stream tungsten primary products is of great significance to ensure a certain self-sufficiency rate of the company's raw materials.
In the future, the company will continue to vigorously develop the cemented carbide business. The new cemented carbide production line raised in 2007 will ensure that the company's cemented carbide production will maintain a 30% growth in the next 2-3 years; the new tungsten material engineering technology center project It can help the company develop new products and enhance the company's competitiveness.
The future is expected to significantly improve the company's performance is the hydrogen storage alloy powder project, the company has completed the construction of 5,000 tons of hydrogen storage alloy powder project, the company's hydrogen storage powder products are still in the certification stage. The key equipment company of the product has achieved self-production replacement, which will greatly reduce its production cost. It should be said that the company's products have competitive advantages, and the biggest uncertainty in the future comes from whether downstream consumption can be recovered.
Limited by the mining index, the investment in the production of the Luoluo mine has limited contribution to the company's performance; the production of Changting rare earth mine can increase the self-sufficiency rate of hydrogen storage battery powder raw materials, but due to its limited production, it has limited contribution to the company's profits; other tungsten wire and real estate The business is expected to remain stable in the next two years.