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China Tungsten & Hightech Materials Plans to Buy Shizhuyuan Nonferrous Metals for 5.19 Billion Yuan
China Tungsten and Hightech Materials (000657.SZ): Currently, the gross margin level of the company's CNC blade is maintained between 35% and 37%.
Gelonghui October 31st | China Tungsten and Hightech Materals (000657.SZ) accepted a specific object survey on October 29, 2024, regarding 'Compared with last year, what is the current gross margin level of the company's CNC blade products?' The company stated that compared with last year, the gross margin of the company's CNC blade products has slightly decreased, mainly due to the dual pressure of rising costs and falling sales prices. Currently, the gross margin level of the company's CNC blade products is maintained between 35% and 37%.
China Tungsten and HighTech Materials (000657.SZ): Jinzhou company's cumulative production volume has reached nearly 0.5 billion units by the end of the third quarter.
On October 31st, Zhongtung Hightech (000657.SZ) conducted a specific survey with asia vets on October 29, 2024, regarding the 'Jinzhou company's 0.2 billion units of intelligent micro-drilling project for technological transformation and expansion, is it a completely new 0.2 billion unit production capacity? What is the current progress of this project?' The company stated that this project will increase Jinzhou company's micro-drilling production capacity by an additional 0.2 billion units on top of the existing capacity. The project is progressing relatively smoothly and is currently being implemented according to plan, with the capacity gradually being released. By the end of the third quarter, Jinzhou company's cumulative production volume had approached nearly 0.5 billion units.
China Tungsten and Hightech Materials (000657.SZ): has become the mainstream domestic tool supplier in the aerospace field.
Glory Shiny on October 31st: China Tungsten High-Tech Materials (000657.SZ) stated at an investor relations event that overall demand may need to remain cautious next year. On the one hand, the country has also introduced relevant economic industrial policies, such as encouraging equipment updates, from the policy release to the actual effects may need to be further observed. We believe that as the domestic manufacturing industry accelerates its transformation and upgrading, the long-term demand for cutting tools will continue to grow. In the future, in the key development areas of the company, we will seize the opportunities presented by the transformation and upgrading of the domestic manufacturing industry, continue to focus on aviation, electronic information precision processing, autos, heavy industry, and engines, among other areas. For example, in
Chinatungsten Hi-Tech: 2024 Third Quarter Report
Tungsten prices rise, raw material costs under pressure, China Tungsten and Hightech Materials increase revenue but not profit in the first three quarters | Interpretations
①Affected by factors such as the rise in tungsten prices and pressure on raw materials, china tungsten and hightech materials did not increase revenue but failed to increase profits in the first three quarters. ②After the injection of tungsten mine resources from Shizhuyuan Mine into the company this year, it will alleviate the pressure of insufficient raw materials to a certain extent.
China Tungsten And Hightech Materials Co.,Ltd's (SZSE:000657) 28% Price Boost Is Out Of Tune With EarningsNo Data
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