
Core Viewpoint - Changying Hard Material Technology Co., Ltd. is a national-level specialized and innovative "little giant" enterprise focusing on the research, production, and sales of hard alloys and high-end tools, demonstrating steady growth in key sectors with a strong technical advantage [2][4]. Company Overview - Founded by Huang Qijun, the company has relocated from Changsha to Kunshan, aiming to leverage the region's manufacturing advantages and proximity to major markets [4][5]. - The company has achieved a revenue of 972 million yuan in 2024, marking a year-on-year growth of 10.30% [2]. Industry Position - Changying ranks fifth in hard alloy production in China from 2022 to 2024, according to the China Tungsten Industry Association [2]. - The hard alloy, primarily composed of tungsten carbide, is widely used in mechanical processing, precision manufacturing, new energy, and 3C electronics [2]. Strategic Development - The company has shifted from "individual combat" to "chain collaboration," focusing on enhancing overall efficiency and reducing waste for upstream and downstream clients [7]. - In 2023, Changying led the establishment of the "Suzhou Ultra-fine and Nano-crystalline Tungsten Carbide Innovation Consortium," collaborating with universities and enterprises to drive technological innovation [7]. Technological Advancements - After years of research, the company developed a hard alloy material that matches the performance of imported products from Japan and the USA, filling a domestic gap in high-precision manufacturing [6][7]. - The company emphasizes a shift from product thinking to system engineering, aiming for comprehensive innovation and collaboration in the industry [8][9]. Investment and Growth - The company has attracted significant investment interest, being recognized as the largest unlisted enterprise in terms of hard alloy production and sales in China [10]. - The supportive business environment in Kunshan, characterized by transparency and compliance, has been pivotal for the company's growth and strategic decisions [6].