China Tungsten Hightech Material Co. Ltd., a subordinate of Minmetals, achieved RMB 9.92 bln in operational revenue in 2020, with an average annual compound growth rate of 6% 2016~2020. The company’s total profit in 2020 was RMB370 mln, reversing a loss of RMB530 mln by end-2015.
During the 14th Five-Year-Plan period (2021~2025), the company will continue to focus on ensuring tungsten supply, strengthening technology upgrades and innovation with a business vision evolving from “big and strong” to “making high quality products over the long-term”.
