China Wealth Group's ultra-fine tungsten carbide powder intelligent production line has been put into operation, with an annual output of 3000 tons of high-quality ultra-fine tungsten carbide powder.

date
06/06/2025
Recently, Zhuzhou Hard Alloy Group Co., Ltd. put into operation its intelligent production line for ultra-fine tungsten carbide powder. The project, which took 2 years to complete, is one of the 102 major projects of the 14th Five-Year Plan and a top 100 project in strategic emerging industries. Once completed, the project will be able to produce 3000 tons of high-quality ultra-fine tungsten carbide powder annually. The project adopts a batch of domestically leading, efficient, and low-consumption fully automatic powder production equipment, increasing production efficiency by nearly 4 times and reducing processing costs by over 30% year-on-year. It has pioneered special docking control technology, innovated a three-dimensional logistics system, and promoted the application of energy-saving and low-carbon technologies such as waste heat recovery and reactive power compensation, reducing annual carbon dioxide emissions by about 1750 tons and setting a benchmark for "green smart manufacturing" in the industry.
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Recently, amid the background of intensified regulatory policies in the United States and tense geopolitical situation, the return of Chinese concept stocks has once again become a hot topic. The Hong Kong Special Administrative Region government hopes to consolidate its position as the "preferred location" for the return of Chinese concept stocks through institutional optimization and upgrades in connectivity. Top companies such as Alibaba, JD.com, and NetEase have taken the lead in completing dual listings or secondary listings in the Hong Kong stock market, and small and medium-sized Chinese concept stocks will gradually follow suit. Recently, Deputy Secretary for Financial Services and the Treasury of Hong Kong, Chan Ho-man, revealed that since the listing system reform in 2018, 33 Chinese concept stocks have been listed in Hong Kong, accounting for more than 70% of the total market value of all Chinese concept stocks. However, some voices in the industry believe that there are still shortcomings in the capacity, liquidity, and valuation discount of the Hong Kong stock market that need to be overcome. This situation is changing, as the Hong Kong dollar exchange rate has frequently touched strong-side convertibility, reflecting a trend of surging capital inflows that the Hong Kong Monetary Authority has intervened in multiple times. With the expansion of the Stock Connect in June and the introduction of liquidity support tools (LMM), the return of Chinese concept stocks may shift from pure hedging to proactive market positioning. (Securities Times)
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