Xiamen Tungsten Co., Ltd.
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Xiamen Tungsten Co., Ltd. - overview
Established
1958
Location
Xiamen, Fujian, China
Primary Industry
Materials
About
Xiamen Tungsten Co. , Ltd. , based in Xiamen, China, specializes in producing tungsten and related products, focusing on advanced materials for various industrial applications and enhancing operational efficiencies across sectors. Founded in 1958 in Xiamen, China, Xiamen Tungsten Co.
, Ltd. engages in the production and processing of tungsten products. The company has experienced operational pivots, such as expanding its offerings in high-tech materials. It has raised CNY 3.
53 billion through multiple funding rounds, the latest being a PIPE round on May 18, 2023, led by various investors including AEGON-INDUSTRIAL Fund Management and Addor Capital. The company currently operates additional facilities beyond its headquarters in Xiamen, focusing on strategic growth through partnerships and innovative product development. Xiamen Tungsten Co. , Ltd.
primarily offers advanced tungsten products and materials tailored for diverse applications, including cutting tools and electronic components. These products are designed to enhance productivity and efficiency in manufacturing processes, addressing the specific needs of sectors such as electronics, automotive, and aerospace. The company serves a broad clientele, ranging from small businesses to multinational corporations, ensuring that their products meet the varying demands across global markets. In the most recent fiscal year 2024, Xiamen Tungsten Co.
, Ltd. reported a revenue of CNY 4,904,138,537 and an EBITDA of CNY 618,024,968, showcasing its robust financial performance and operational effectiveness. Xiamen Tungsten Co. , Ltd.
plans to leverage the CNY 3. 53 billion raised in its latest funding round to expand its photovoltaic tungsten wire production and accelerate the import substitution of high-end cutting tools. The company aims to secure strategic resources and enhance its working capital. These initiatives are part of a broader strategy to penetrate new markets, with specific focus on expanding operations into North America and Europe by 2025, along with enhancing its product offerings to meet evolving industry demands.
Current Investors
CS Capital, AEGON-INDUSTRIAL Fund Management, Addor Capital
Primary Industry
Materials
Sub Industries
Advanced Materials, Steel & Metals
Website
www.cxtc.com/
Verticals
Manufacturing
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Xiamen Tungsten Co., Ltd. - financials
| Fiscal Year Ended | 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) | 14,188,321,857 | 19,556,790,875.1 | 17,395,515,759.7 | 18,963,748,093.8 | 31,852,195,740.3 | - | - | - |
| % Revenue Growth (YoY) | - | 37.8% | (11.1%) | 9.0% | 68.0% | - | - | - |
| EBITDA (USD) | 1,802,120,915.4 | 1,635,536,428.7 | 1,299,979,268.8 | 1,971,007,166.8 | 2,897,201,244.2 | - | - | - |
| Operating Income (USD) | 1,208,020,192.6 | 992,384,426.2 | 567,594,559.3 | 1,125,640,639.8 | 1,979,166,002.5 | - | - | - |
| Operating Margin | 8.5% | 5.1% | 3.3% | 5.9% | 6.2% | - | - | - |
| % EBITDA Margin | 12.7% | 8.4% | 7.5% | 10.4% | 9.1% | - | - | - |
| NET Income (USD) | 933,995,215.9 | 801,727,695.4 | 560,356,606.1 | 956,395,289.6 | 1,693,276,906.1 | - | - | - |
| % Net Margin | 6.6% | 4.1% | 3.2% | 5.0% | 5.3% | - | - | - |
Xiamen Tungsten 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PIPE | Completed | Xiamen Tungsten Co., Ltd. | - |
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