Shareate

What Shareate does

Shareate Tools Ltd. is a Chinese industrial manufacturer specializing in two vertically integrated product lines: rock drilling tools and cemented carbide materials. The rock drilling tools portfolio encompasses rotary drill bits (mining and water well), down-the-hole (DTH) hammers and bits, horizontal directional drilling (HDD) products including tricone bits and reamers, core barrel roller bits, raise bore tools, and top hammer drilling tools. The cemented carbide line spans mining tungsten carbide buttons and substrates, shield machine tools, coal cutter picks, carbide rods, CNC indexable inserts, cermet (Ti(C,N)-based) composites, cold heading and powder metallurgy dies, and precision components for oil drilling applications. Underlying technology centers on proprietary cemented carbide grades (XR06F, XR09U, XR10S, XR12U+, etc.), patented cutting structures such as the SGV series composite-sealed bearing with vacuum grease injection, and field-validated performance data (e.g., 12,814m at 79m/hr ROP at Vale S11D, 15,765m at a Botswana diamond mine, 34% outperformance at a Bulgarian copper mine).

Founded in August 2005 and headquartered at No.6 Weixi Road, Suzhou Industrial Park, Shareate went public on the Shanghai Stock Exchange STAR Market (stock code: 688257) in October 2021. The group operates five Chinese manufacturing bases (Suzhou, Wuhan, Zhuzhou, Guiyang, Huzhou) and maintains a global network of approximately 35 subsidiaries, including wholly-owned operating units (Wuhan Shareate, Jiangyi, D&M, Wecan, HOPH) and regional sales/service entities in the United States, Australia, Canada, South Korea, and Chile. Headcount is in the 501-1,000 range, and recent acquisitions — Wecan Cutting Tools (2021), D&M Precision Tools, and HOPH Strove Rock Tools (2022-2023) — have expanded both product surface and capacity.

The business model is industrial B2B hardware sales with quote-based pricing on custom consumables, multi-year supply contracts, and enterprise field sales supported by trade show presence (CIPPE, Bauma China, CIMBC, NASTT No-Dig Show, CME Timmins) and on-site technical service. Customers are large mining companies (Vale, Botswana diamond mine operator, Bulgaria copper mine), national oil corporations (CNPC for the Shenditake 1 ultra-deep well at 10,910 meters), water well and geothermal contractors, HDD/infrastructure operators, and downstream manufacturers of carbide cutting tools and dies. Revenue has scaled from approximately $140M in 2021 to approximately $356M in 2025 (~25-30% CAGR), driven by M&A, geographic expansion, and product portfolio breadth rather than a software or platform business model.

Name

Shareate

Legal name

SHAREATE TOOLS LTD.

Website

https://shareate.com

Company type

Public

Founded year

2005

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Shareate Tools Ltd. is a Chinese industrial manufacturer of rock drilling tools and cemented carbide products, serving global mining, oil & gas, water well, HDD, and construction customers through five Chinese factories and 35 international subsidiaries. Listed on Shanghai's STAR Market (688257) since 2021.

Ownership category

akta.pro rank

Product category

Mining Drilling Tools

NAICS

Mining Machinery and Equipment Manufacturing (333131), Oil and Gas Field Machinery and Equipment Manufacturing (333132)

SIC

Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532), Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Drill Tools, Bits & Downhole Equipment (IMAHAMAB)

akta.pro secondary industries

Rock Drilling & Blasthole Drilling Equipment (IMAHAMAC), Oilfield Equipment Manufacturing & Supply (Wellheads, BOPs, Surface Equipment) (EUALABAL), Metal Cutting Tools, Tooling & Workholding (Cutters, Inserts, Chucks, Fixtures) (IMAHADAB)

Keywords

• Rock drilling tools
• Cemented carbide products
• DTH hammer bits
• Tricone drill bits
• Tungsten carbide inserts

Headquarters

HQ city

Suzhou

HQ country

China

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Rock Drilling Tools: Manufacture and sale of rock drilling tools including tricone bits, DTH hammers and bits, water well bits, mining bits, horizontal directional drilling products, raise bore tools, and top hammer drilling tools.
2. Cemented Carbide Products: Tungsten carbide products including mining tungsten carbide buttons, carbide substrates, shield machine tools, coal cutter picks, tubular electrodes, precision components, cutting tools (carbide rods, inserts), tungsten carbide dies (carbide plates, cold heading, hobs, powder metallurgy dies), and cermet products.
3. Oil Drilling and Production Tools: Products and services for oil and gas industry including drilling instruments, downhole tools, and precision parts for petroleum applications.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Shareate manufactures and sells rock drilling tools (DTH hammers and bits, tricone bits, water well bits, HDD tools, raise bore tools, top hammer drilling tools) and cemented carbide products (tungsten carbide buttons, carbide rods, inserts, dies, cermet, and precision components) for mining, oil and gas, water well, HDD, and construction industries. The company also provides petroleum drilling instruments through its Jiangyi subsidiary and operates a global network of 35 sales and service subsidiaries supporting enterprise customers worldwide.

Product overview

Shareate Tools Ltd. is a manufacturing company specializing in two core product categories: rock drilling tools and cemented carbide materials. The rock drilling tools portfolio includes rotary drill bits for mining and water wells, DTH (Down The Hole) hammers and bits, horizontal directional drilling products (reamers and tricone bits), core barrel roller bits, raise bore tools, and top hammer drilling tools acquired through HOPH. The cemented carbide portfolio spans mining tungsten carbide products (buttons, substrates, shield machine tools, coal cutter picks, tubular electrodes), precision components for oil drilling applications, cutting tools including carbide rods and inserts (through acquired brands D&M Precision Tools and Zhuzhou Wecan), tungsten carbide dies (plates, cold heading, hobs, powder metallurgy dies), and cermet materials. The company also supports deep earth exploration through its Jiangyi subsidiary's drilling instruments. Shareate operates as a platform of integrated subsidiaries providing comprehensive mining services, drilling consumables, and precision tooling to global customers across mining, construction, oil & gas, and manufacturing industries.

Differentiator

Problem solved

Functional benefit

Brands

• Jiangyi: Subsidiary of Shareate Group focused on petroleum instruments and meters, supporting deep earth exploration projects including ultra-deep drilling operations.

Products and services

• DTH Bit (Down The Hole Bit) DTH bits with diameter range from 115mm to 305mm, featuring various bit face designs (concave, convex, flat, drop center, double gauge row) and carbide button shapes (spherical, flat, ballistic, ogive) for different rock formations in mining, quarrying, water well, and construction drilling.
• DTH Hammer Down The Hole Hammer for rock drilling with options for single cylinder and dual cylinder designs, suitable for open pit mining, quarrying, water wells, geothermal wells, and construction applications.
• Single Roller Cone Bit Horizontal directional drilling tricone bits ranging from 5 1/4" to 17 1/2" with over 100 models of TCI bits, Mill tooth bits, and trenchless bits for municipal, gas, telecommunication, and oil and gas pipeline projects.
• HDD Reamers HDD reamer products with sizes ranging from 250 to 1800mm for horizontal directional drilling construction projects including oil, gas, and telecom pipeline crossings and municipal infrastructure.
• Core Barrel Roller Bit Single roller bit accessory installed on barrel drills, used in pile foundation construction of municipal bridges and buildings, primarily in coastal areas.
• Raise Bore Tools Raise boring equipment for excavating underground mine ventilation shafts, featuring large diameter wedge inserts, NSK thrust bearings, and German-imported floating oil sealing.
• HOPH Top Hammer Drilling Tools Top hammer rock drilling tools for mining, tunneling, quarrying, and construction industries, acquired by Shareate in 2022. Products include shank adapters, drill rods, and button bits.
• Tungsten Carbide Button Tungsten carbide inserts for rock drill bits, DTH hammer bits, and cone bits, available in shapes including ovoid, conical, bullet, wedge, spoon, flat, and saw inserts for mining and construction applications.
• Carbide Rod Carbide rods for producing milling cutters, drills, micro drills, and other cutting tools, available in grades XR06F, XR09U, XR10S, XR10ST, XR10SD, XR12U+, and XR12UF.
• Zhuzhou Wecan Carbide Inserts Carbide CNC indexable inserts for turning, milling, drilling, grooving, and threading applications, produced by the Zhuzhou Wecan Cutting Tools subsidiary.
• D&M (Suzhou) Precision Round Tools Precision cutting tools including carbide cutting tools, PCD, CBN, and metal-ceramic tools from the D&M (Suzhou) Precision Tools subsidiary, with over 70 patents including 6 invention patents and annual sales of about 150 million CNY.
• Cermet Ti(C,N)-based cermet composite material combining ceramic particles with metal binder phase, suitable for CNC cutting tools, 3C molds, high-temperature wear-resistant components. Available in G Series (high-wear-resistant for finishing/semi-finishing) and M Series (optimized for alloy steels and carbon steels with reduced cutting resistance).
• Carbide Plates Motor progressive die materials for high-speed blanking of motor sheets and EI silicon steel sheets, also used for precision stamping of lead frames and connectors in electric and hybrid vehicles.
• Cold Heading Dies Cold upsetting die materials for bolt forming, nut forming, universal joint extrusion, gear extrusion, and cold/warm forging dies used in automotive, aviation, and fastener industries.
• Hob Gear machining material for processing gear steel with HRC less than 60, available in grades XR09U, XR12UF, XR10ST, for gear hobbing operations.
• Powder Metallurgy Dies Powder metallurgy moulding materials for iron-based, copper-based, ceramic, and cemented carbide powder metallurgy molds used as dies, mandrels, and punches.
• Cemented Carbide Precision Components Cemented carbide components for oil drilling applications including fracturing high-pressure valve wear-resistant parts, downhole tool products, nozzles, valve cores, and valve seats meeting API standards.
• JZG85 Dead Line Anchor Petroleum drilling instruments independently developed by the Jiangyi subsidiary for ultra-deep drilling applications, integrated into 12,000-meter ultra-deep well automated drilling rigs including the Shenditake 1 well that reached 10,910 meters.
• SGV Series Mining Tricone Bit SGV series mining tricone bit with composite sealed bearing, specific insert type and carbide grade selected for wear resistance and toughness, enhanced lug back with additional auxiliary carbide to reduce wear in abrasive ground conditions, and vacuum grease injection system inside.
• Star Tornado Water Well Bit Water well bit commercially available from 5" to 17" sizes, offering 30% cost savings on total drilling cost for water well, geothermal, and coalbed methane drilling.

Quantifiable outcome

• Star Tornado water well bit reduces total drilling cost by 30%
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• China National Petroleum Corporation (CNPC)flagshipStrategic or Co-development Partner · 20 February 2025Hubei Jianghan Petroleum Instrument And Meter Co., Ltd. (Jiangyi subsidiary of Shareate) worked closely with CNPC to provide critical technical support and JZG85 Dead Line Anchor instruments for the Shenditake 1 well project - China's first ultra-deep scientific exploration well exceeding 10,000 meters.
• DrillcocoreChannel Partner/ Reseller/ DistributorDrillco is a subsidiary of Shareate Group and serves as a key distributor for international markets. Drillco Chile and Drillco Group subsidiaries conduct sales and distribution of Shareate products globally, including North America.
• Australasian Mining ServicescoreChannel Partner/ Reseller/ DistributorSubsidiary of Shareate Group providing sales and service operations in the Australasian region.
• American Mining ServicescoreChannel Partner/ Reseller/ DistributorSubsidiary of Shareate Group providing sales and service operations in the United States market.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Mitsubishi Materials Corporation: Japanese industrial materials group with a major cemented carbide business (MMC Hard Metal / DIAEDGE) producing cutting tools, mining tools and wear parts — directly comparable to Shareate's carbide inserts and mining tool offerings.
• Epiroc AB: Swedish major in mining and infrastructure equipment, offering rock drilling tools (DR Series bits) and DTH hammers that overlap directly with Shareate's product portfolio for surface mining, quarrying and construction.
• Boart Longyear: Global drilling services and tooling company (now private under Energy Services Group) producing diamond bits, tricone bits and downhole tools for mineral exploration and production — directly comparable to Shareate's drilling consumables offering.
• Mincon Group Plc: Irish manufacturer of DTH hammers and bits, reverse-circulation hammers and top hammer tools for mining, water well and geothermal drilling — directly comparable to Shareate's water-well and DTH product lines.
• Element Six (De Beers Group): Synthetic diamond and cemented carbide producer supplying mining cutting tools, drill bits and wear-resistant components — comparable to Shareate's premium carbide materials and rock drilling consumables.
• Kennametal Inc. US-based tungsten carbide and tooling manufacturer offering mining and construction tooling as well as metal-cutting inserts; comparable to Shareate's cemented carbide and carbide cutting tool (Wecan, D&M) product lines.
• Sandvik AB: Swedish global leader in mining and rock excavation, with a direct rock drilling tools and cemented carbide business that competes head-to-head with Shareate in tricone bits, DTH hammers and top hammer tools for surface and underground mining.
• Robit Plc: Finnish manufacturer of top hammer and DTH drilling consumables (button bits, shank adapters, drill rods) for mining, construction and quarrying — closely comparable to Shareate's HOPH top hammer line and broader drilling consumables portfolio.

Broad incumbents

• Atlas Copco AB: Diversified Swedish industrial group with a Power Technique and Mining & Rock Excavation division that sells compressors, rock drills and consumables; overlaps with Shareate on rock drilling consumables and DTH offerings as part of a much broader portfolio.

Emerging players

• Imdex Limited: Australian mining-tech company producing drilling consumables, downhole instrumentation and drill fluids for mineral exploration; emerging adjacency to Shareate's drilling tools and Jiangyi-style downhole instrument business.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Shareate-Tools-Ltd-105094284439032
• LinkedInlinkedin.com/company/19088176/admin

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shareate