China Science and Technology third Ring Road: power cuts have little impact on the company, although rare earth prices have risen, but orders remain normal.

Published: Nov 23, 2021 11:10

Save

Beijing Zhongke Sanhuan Hi-Tech Co., Ltd. issued a record sheet of investor relations activities. With regard to the company's future production expansion plans, Zhongke Sanhuan said that the company plans to use rights issues to raise funds and self-raised funds to expand production capacity from the current more than 20,000 tons to about 30,000 tons, and then decide on the continued expansion of production capacity according to orders and market conditions.

In view of the impact of power cuts on the company's main plant areas, Zhongke Sanhuan said that so far, the power reduction policy has little impact on the company.

Investors asked: "recently, people have paid more attention to the comparison of several grain boundary diffusion technologies. The company has the earliest and best technology accumulation. Does it consider that there is room for technological research and development and progress for further grain boundary diffusion for different products?"

Zhongke Sanhuan replied: the company began the research and development of grain boundary diffusion technology more than a decade ago, and began to have small batch applications in 2014, and now there are a large number of applications. Each grain boundary diffusion technology has its own characteristics, and the company will adopt different grain boundary diffusion technologies according to the performance needs of different products and the needs of different customers.

With regard to the current structure of the company's products, Zhongke Sanhuan said that at present, the company's products are mainly used in automobiles (including new energy vehicles), consumer electronics, energy-saving motors, computer hard drives, industrial motors and other fields.

In addition, investors are concerned about whether the recent rapid rise in rare earth prices will affect the signing of orders in different areas of the company next year. Zhongke Sanhuan said that for now, the signing of the company's orders remains normal.

On how to view the competition pattern in the field of new energy vehicles, Zhongke Sanhuan said that in the next few years, with the increasing demand in the field of new energy vehicles, the fierce competition will be alleviated.

Zhongke Sanhuan rare earth neodymium metal

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

19 hours ago

A mine in Henan opened bids for a 300 mt tungsten concentrate auction on February 6.

[Tungsten Concentrate Tender Information] SMM February 7: A mine in Henan conducted an online tender on February 6 to sell 300 metric tons of low-grade tungsten concentrate. Lot A had an average WO3 grade of ≥25%, while Lots B and C had an average WO3 grade of ≥22%. The tender results for each lot are as follows: Lot A: 100 metric tons, tender price of 10,155 yuan/mtu. Lot B: 100 metric tons, tender price of 10,160 yuan/mtu. Lot C: 100 metric tons, tender price of 10,155 yuan/mtu.

19 hours ago

Ganzhou Tungsten Association Significantly Raises Tungsten Price Forecast for February 2026

[Ganzhou Tungsten Industry Association's February Tungsten Price Forecast] The Ganzhou Tungsten Industry Association's forecast prices for the tungsten market in February 2026 are as follows: 55% black tungsten concentrate at 670,000 yuan per metric ton unit, up 210,000 yuan per metric ton unit MoM from the January price, an increase of 45.65%; ammonium paratungstate at 970,000 yuan/mt, up 300,000 yuan/mt MoM, an increase of 44.78%; medium-grain tungsten powder at 1,630 yuan/kg, up 480 yuan/kg MoM, an increase of 41.74%.

19 hours ago

Tungsten Market Rallies Strongly, Long-Term Contract Prices Surge & Domestic-Overseas Markets Link Up

Driven by tight spot raw material supply, a sharp hike in corporate long-term contract prices and festive effects, the tungsten market saw price rises on shrinking volumes this week with domestic and overseas markets moving up in tandem; the strong short-term trend is set to continue, and attention should be paid to the resumption of cemented carbide production, scrap tungsten supply and downstream demand release after the Spring Festival.

19 hours ago