Medium tungsten high-tech answer: the industry situation and competition of CNC blades as well as the market situation of Zhujiang drilling company.

Recently, the record table of China Tungsten High-tech Investor Relations activity shows that the questions raised by investors: the industry situation and competition of CNC blades and the market situation of Zhujiang drilling company.

China Tungsten Hi-Tech said that at present, there are many manufacturers of CNC blades in the domestic market, and there are hundreds of large and small CNC blade factories across the country.

The domestic tool market can be divided into three levels: the first level is dominated by European and American products; the second level is mainly from Japan and South Korea, which is the main competitive area of Zhujiang drilling company. Japanese and Korean tools account for 70% of imported tools in this field. Zhujiang drilling Company's products compete directly with Japan and South Korea, seizing the share of Japan and South Korea in this field; the third level is a large number of domestic enterprises. Zhujiang drilling Company, as a leading comprehensive supplier of cemented carbide cutting tools in China, aims at first-class, developing middle and high-end markets, and vigorously develops end customers. Strategic cooperation agreements have been signed with a number of leading enterprises in aerospace, military, automotive, shipbuilding and other industries. Since the beginning of this year, with the commissioning and production of the Precision tools Industry Park project, Zhujiang Diamond Company has seized the market opportunity, the order continues to be full, and the production and sales are booming.