Tungsten products had become the focus of earnings

In earlier years, China Molybdenum Tungsten wire products are not the main business, from 2000 , when the company began to study the use of molybdenum tailings were extracted scheelite . China Nonferrous network .
In CMOC development strategy which , molybdenum products are still the mainstay , tungsten products and precious metals for the two wings , but since 2009 , the company gradually force on tungsten products , the company's main business operations and profits attributable proportion of the more higher and higher . China Nonferrous network .
Company has disclosed financial data show that in 2009 when the company's revenue share of tungsten products and profits in the proportion constitutes only 6.02% , respectively, and 8.09% ; while by 2012 the proportion of these two has been elevated to 16.27% and 42.7% . China Nonferrous network .
That is, in the past year, China Molybdenum Tungsten products contributed more than 40% of the profits. China Nonferrous network .
More obvious is that as the company 's main business molybdenum downstream steel products subject to the impact of market contraction , margin fluctuated ; contrast, tungsten products, the profit is higher in the year . China Nonferrous network .
Because it is in the tailings extraction, mining and grinding without such links , saving a lot of cost , so CMOC in tungsten products with higher profit margins on products for the main business of tungsten and Zhang Xiamen Tungsten tungsten . China Nonferrous network .
Tungsten products in the whole industry chain among the highest profit margins is the upstream and downstream tungsten mining tungsten material , tungsten steel, tungsten carbide and chemicals . China Nonferrous network . According to industry analyst estimates , the gross profit margin tungsten can reach 40 % or more, high-performance carbide downstream margin is also 25% to 40 %, while in the industrial chain in the side of APT ( APT ) , carbonation tungsten and tungsten powder , almost all profit. China Nonferrous network .
2012 CMOC listing, at 3.646 billion yuan of equity investment projects , among them, 2.858 billion yuan was used for the project as well as high-performance tungsten carbide and tungsten alloy metal products deep processing projects. China Nonferrous network . Carbide projects in which the company's investment in the highest, 1.877 billion yuan , while the construction of the project will also get rid of the current industry generally more low-end carbide field has been imported into the high-end products occupy hard alloy fields. China Nonferrous network .
The various brokerage analysts listed in the company , they almost unanimously optimistic about the company 's tungsten products deep processing, however it did not, the company eventually forced to insufficient fund-raising , had to cut these two projects.