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China Tungsten High-tech: Promoting the tungsten industry from "bigger and stronger" to "doing good and going far"

Release time：

2021-09-15

During the "13th Five-Year Plan" period, China Tungsten High-tech became the operation and management platform of China Minmetals tungsten industry. Facing the unfavorable situation of heavy historical burden and many loss-making enterprises, under the strong leadership of the Party Group of China Minmetals, China Tungsten High-tech has experienced a development process of "reform and consolidation, gaining momentum, initial results, and quality improvement". One step, many old accounts have been clarified, many problems have been solved, and the company's performance has achieved a fundamental and sustainable improvement. The operating income exceeded 10 billion yuan, with an average annual compound growth rate of 6%; the total profit for the current period exceeded 600 million yuan, an increase of 900 million yuan compared with 2016, further consolidating the leading position of the domestic tungsten industry and becoming the company's "14th Five-Year Plan". development has laid a solid foundation.
The overall development idea of China Tungsten High-tech during the "14th Five-Year Plan" period is: guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, accurately grasp the new development stage, implement the new development concept, comprehensively strengthen the party's leadership, and focus on high-quality development , take reform and innovation as the fundamental driving force, further build a new foundation for development, build new competitive advantages, and start a new journey to build a world-class tungsten industry group with global competitiveness.
1. Maintain strategic focus and enter a new stage of high-quality development
Maintain strategic focus, adhere to the industrial positioning of "resources are the foundation, smelting is the guarantee, and alloys are the direction", give full play to the advantages of the entire industry chain, concentrate on, concentrate on, and focus on doing a good job in "tungsten", and make every effort to build A world-class tungsten industry group with global competitiveness. Continue to consolidate the world's No. 1 position in tungsten resource reserves and concentrate production to ensure strong resource protection; the total amount of smelted products has exceeded 20,000 tons, providing a solid foundation for the development of back-end alloys; the structure of alloy products has been continuously optimized, and the total amount has remained global First. Adhere to the product strategy of "one of the best", through technological innovation, occupy the high ground in technology and market in more sub-sectors and key links, expand import substitution, and continue to jump to the middle and high end of the global industrial chain and value chain, and accelerate the pace of high-quality new development stage.
2. Build a new market development pattern based on two positions
First, based on the domestic cycle, actively adapt to and create market demand. It is necessary to continue to strengthen the awareness of "territorial", further expand the leading edge, protect the inherent traditional market, and expand the market share of advantageous products such as CNC blades and micro-drills. Strengthen forward-looking strategic judgment on the domestic market, continuously expand new application fields of products, and increase the overall market size. It is necessary to upgrade the market development model, promote "big pattern, big platform, big customer", and continuously enhance the influence and voice of the industry. The second is to unblock the domestic and international dual circulation, implement a higher-level "going out" strategy, and expand new bases. The overseas market is a potential incremental market for the company. It is necessary to speed up the improvement of the market layout. On the basis of deeply cultivating traditional markets in Europe and the United States, actively explore emerging markets along the “Belt and Road” such as Southeast Asia, and deeply participate in global competition.
3. Adhere to lean management to create a new management system
First, steadily push forward the construction of informatization to achieve full coverage of the SAP-ERP system. The second is to continue to promote the lean production of the entire industry chain to enhance cost competitiveness. The third is to continue to play and expand the sharing role, create a large sharing business of China Tungsten High-tech, provide high-quality, efficient and professional sharing services for the company's entire industry chain, and continuously improve the company's competitiveness.
4. Promoting reform in depth to release new vitality for development
During the "14th Five-Year Plan" period, China Tungsten Hi-Tech will make precise efforts to "increase vitality", the deep-seated key issue of reform. Actively and steadily promote the mixed-ownership reform and core team shareholding work of qualified pilot enterprises, and promote the development of key nurturing businesses; explore a more flexible total salary management model, and further implement the partition mechanism and value distribution orientation; further promote the tenure management of managers, Promote and expand the professional manager system in qualified enterprises; deepen the reform of three systems, promote market-oriented employment, open the exit channel for employees, and promote competition for management personnel.
"It's time to take advantage of the situation, but not to lose it." During the "14th Five-Year Plan" period, under the correct guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, China Tungsten Hi-Tech will continue to act, work hard, overcome difficulties, focus on core business, and undertake and implement China Minmetals' "14th Five-Year Plan". Five "planning the relevant requirements of the tungsten industry, strengthening the main force of tungsten resources guarantee, and further strengthening the technological innovation, leading the upgrading of the tungsten industry, and promoting the tungsten industry of China Minmetals from "bigger and stronger" to "doing a good job and going far".