China Tungsten & Hightech Material CO.,LTD
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China Tungsten & Hightech Material CO.,LTD - overview
Established
1993
Location
Zhuzhou, Hunan, China
Primary Industry
Materials
About
Based in Zhuzhou, China and established in 1993, China Tungsten & Hightech Material CO. ,LTD is a material company that focuses on nonferrous metals and deep processing cemented carbide material. In December 1996, the company was listed on the Shenzhen Stock Exchange. Its stock code is 000657.
In April 2025, CCT Fund Management, Guotai Asset Management, Shenzhen Zhongjin Lingnan Capital Operation, JIC Investment, E Fund Asset Management, Orient Jiafu Asset Management, Hunan Xingxiang Investment Holding Group, Xinfeng Investment Management, Juxin Development, First Capital Securities, Morgan Stanley Private Equity Asia, Caitong Fund Management Co. , Ltd. , Hunan Light Salt Veture Management Co. ,Ltd.
, Hengjian Holding, GF Asset Management, GenHarmony, and Lord Abbett China Asset Management Co. ,ltd. , acquired 189. 47 million shares in China Tungsten & Hightech Material CO.
,LTD at CNY 9. 5 a piece for CNY 1. 8 billion in a PIPE acquisition. The company's predecessor was Hainan Jinhai Co.
, Ltd. The company's main business is the research, development, production and sales of cemented carbide, tungsten, molybdenum, tantalum, niobium and other non-ferrous metals, as well as their deep-processing products and equipment. The company operates within the scope of tungsten mine retains 1. 23 million tons of tungsten resources, molybdenum resources 109,000 tons, bismuth resources 209,000 tons, fluorspar resources 47 million tons, tungsten smelting annual production capacity of 20,000 tons.
Its products are used in the field of machinery manufacturing, petroleum mining and extraction, and military. The company’s revenue is generated by providing non-ferrous metals and their deep-processing products.
Current Investors
Hubei High Technology, China Capital Management, Huatai Asset Management
Primary Industry
Materials
Sub Industries
Advanced Materials, Steel & Metals
Website
www.mintungsten.com
Verticals
Manufacturing
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
China Tungsten & Hightech Material CO.,LTD - timeline of key events
China Tungsten & Hightech Material CO.,LTD - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,416,131,181.5 | 1,535,094,860.9 | 1,264,628,359.2 | 8,260,935,437.5 | 5,759,204,395.2 | 5,098,950,606.5 | 6,361,603,166.6 | 7,868,694,019.6 | 7,769,000,621.2 | 9,525,782,622.9 | 12,093,580,292.8 | - | - | - |
| % Revenue Growth (YoY) | - | 8.4% | (17.6%) | 553.2% | (30.3%) | (11.5%) | 24.8% | 23.7% | (1.3%) | 22.6% | 27.0% | - | - | - |
| EBITDA (USD) | 24,593,126.6 | (34,479,158.8) | 379,281,161.7 | 543,045,594.4 | (69,179,934.8) | 499,759,852.9 | 706,609,127.6 | 827,428,984.3 | 768,631,958.9 | 899,947,233.3 | 1,191,223,697.8 | - | - | - |
| Operating Income (USD) | 5,403,987 | (54,241,001.1) | 360,551,239.2 | 137,733,194.3 | (476,992,280.7) | 96,594,890.7 | 311,503,224.5 | 436,734,707.5 | 374,184,473.8 | 455,432,613.3 | 732,413,001.7 | - | - | - |
| Operating Margin | 0.4% | (3.5%) | 28.5% | 1.7% | (8.3%) | 1.9% | 4.9% | 5.6% | 4.8% | 4.8% | 6.1% | - | - | - |
| % EBITDA Margin | 1.7% | (2.2%) | 30.0% | 6.6% | (1.2%) | 9.8% | 11.1% | 10.5% | 9.9% | 9.4% | 9.9% | - | - | - |
| NET Income (USD) | 4,622,150.6 | (51,144,511.6) | 203,244,692.1 | 46,741,694.6 | (528,125,323.2) | 53,517,152.6 | 181,253,328.5 | 203,245,257.4 | 199,254,823.7 | 296,489,886 | 638,575,210.5 | - | - | - |
| % Net Margin | 0.3% | (3.3%) | 16.1% | 0.6% | (9.2%) | 1.0% | 2.8% | 2.6% | 2.6% | 3.1% | 5.3% | - | - | - |
China Tungsten & Hightech Material CO.,LTD - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Yuanjing Tungsten Industry | - | ||||||||
| PIPE | Completed | China Tungsten & Hightech Material CO.,LTD | - | ||||||||
| Add-on | Completed | Shizhuyuan | - | ||||||||
| Add-on | Completed | Nanchang Cemented Carbide Limited Liability Company | - | ||||||||
| PIPE | Completed | China Tungsten & Hightech Material CO.,LTD | - |
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China Tungsten & Hightech Material CO.,LTD - employee data
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