ZY-Tungsten(002378)2024-11-19 02:15Group 1: Mining Operations - The company is actively integrating mining rights and expanding key mining projects, including the consolidation of the Taoxikeng tungsten mine and the Dongfeng exploration area [2] - Ongoing expansion projects are progressing in an orderly manner, with a focus on deep mining development and resource integration [4] - The company aims to enhance its resource base by accelerating the exploration of mining rights and promoting intelligent mining construction [6] Group 2: Cost and Supply Chain Management - Mining costs are influenced by factors such as tungsten grade, mining depth, and management levels, leading to varying costs across different mines [4] - The company's self-sufficiency rate for raw materials is approximately 20%, with the remainder sourced externally due to national quota controls on tungsten mining [4] - The company has established strict supplier management protocols to ensure stable supply of key raw materials [4] Group 3: Future Development Plans - The company is committed to developing high-performance, high-precision, and high-value-added tungsten products, focusing on digital transformation in production [6] - Plans include enhancing resource security and considering strategic acquisitions that align with the company's development goals [8] - The company aims to strengthen its position in high-value hard alloy products and expand into key industries such as aerospace and new energy [7]