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Zhongtu High-Tech: Currently, the company owns two mining companies within its equity scope: Shizhu Garden Company and Yuanjing Tungsten Industry.
Everyday Economic News AI Express: An investor asked on the investor interaction platform, “What percentage of the company’s raw materials are purchased externally? The country controls the total amount of tungsten. For the company, if downstream products are in high demand, can they purchase tungsten concentrate without restrictions or are there limited quotas?”
Zhongtung High-tech (000657.SZ) stated on March 10 on the investor interaction platform that the company currently owns two mines, Shizhuyuan and Yuanjing Tungsten, within its equity scope. The self-sufficiency rate is approximately 30% based on the company’s equity accounting. The company also manages three tungsten mines—Xianglushan, Xintianling, and Yaogangxian—through entrusted management. Tungsten mining is strictly constrained by national mining quotas.
(Reporter Wang Xiaobo)
Disclaimer: The content and data of this article are for reference only and do not constitute investment advice. Verify before use. Proceed at your own risk.
Daily Economic News