China Tungsten And Hightech Materials Co Ltd Financial Update

China Tungsten And Hightech Materials Co Ltd, a company specializing in non-ferrous materials such as hard alloys, tungsten carbides, ceramal, and cobalt power, has recently seen significant financial activity. Listed on the Shenzhen Stock Exchange, the company’s close price on July 24, 2025, was 19.08 CNH, with a 52-week high of 19.58 CNH and a low of 7.3 CNH on September 17, 2024. The market capitalization stands at 40.57 billion CNH, with a price-to-earnings ratio of 24.13.

Recent Financial Movements

On July 25, 2025, China Tungsten And Hightech Materials Co Ltd received a substantial financing purchase of 5.75 billion CNH, accounting for 24.46% of the day’s total inflow. This brought the company’s financing balance to 9.72 billion CNH, representing 4.09% of its circulating market value, surpassing the historical 90th percentile level. The financing balance increased by 3.07% from the previous day, exceeding the historical 70th percentile level.

In terms of stock borrowing, the company repaid 200 shares and sold 5,000 shares on the same day, with the sale amounting to 95,400 CNH. The stock borrowing balance stood at 3.3276 million CNH, exceeding the historical 60th percentile level.

Market and Industry Context

The tungsten market has been experiencing a significant price increase, with black tungsten concentrate (≥65%) priced at 190,000 CNH/ton, up 32.9% from the beginning of the year. Similarly, white tungsten concentrate (≥65%) reached 189,000 CNH/ton, and APT (ammonium paratungstate) was priced at 280,000 CNH/ton, both reflecting a 32.7% increase.

The secondary market has also seen a reevaluation of tungsten’s value, with the A-share tungsten board experiencing a cumulative increase of over 60% since the beginning of the year. This reevaluation is partly due to the historically low valuation of the tungsten sector compared to other metals like copper and aluminum.

Supply and Demand Dynamics

From the supply side, the National Resources Department issued a 2025 first batch tungsten mining total control index of 58,000 tons, a 6.45% reduction from the previous year. This reduction, along with the natural decline in tungsten mine resources and ore grades, supports the rising tungsten prices.

On the demand side, the rapid transformation and upgrading of China’s manufacturing industry have increased the demand for tungsten products in sectors such as photovoltaics and hard alloy. The market size for photovoltaic cutting tungsten wire in China is projected to grow from 7.19 billion CNH in 2022 to 66.59 billion CNH by 2025.

Strategic Responses

In response to the rising tungsten prices, companies across the industry chain are taking strategic actions. Upstream mining enterprises are leveraging their resource advantages to strengthen their market positions, while downstream application enterprises are optimizing their product structures to create differentiated development paths.

Investor Interaction

In recent investor interactions, China Tungsten And Hightech Materials Co Ltd addressed questions regarding the use of tungsten products in shield construction tools. The company clarified that while these tools are considered consumables, their usage varies based on the material being processed. Additionally, while hard alloy is a common material for these tools, not all are made from hard alloy, with tungsten carbide being a primary raw material for hard alloys.

This comprehensive update highlights the dynamic financial and market environment surrounding China Tungsten And Hightech Materials Co Ltd, reflecting both opportunities and challenges in the evolving tungsten industry.