Guangdong Xianglu Tungsten

What Guangdong Xianglu Tungsten does

Guangdong Xianglu Tungsten Co., Ltd. (广东翔鹭钨业股份有限公司) is a vertically integrated tungsten products manufacturer headquartered in Chao'an District, Chaozhou, Guangdong, China. Founded in 1997 and listed on the Shenzhen Stock Exchange (stock code 002842) since 2017, the company operates the full tungsten value chain—from tungsten ore mining through ammonium paratungstate (APT), tungsten oxide, tungsten powder, and tungsten carbide powder to precision-machined tungsten cemented carbide components such as cutting tools and wear-resistant parts. Its product portfolio is structured across five sequential core offerings: APT, tungsten oxide, tungsten powder, tungsten carbide powder, and tungsten cemented carbide precision deep-processing products. The company holds National High-tech Enterprise certification and Guangdong Province Specialized and Innovative SME status (both in 2024) and maintains an annual Responsible Minerals Supply Chain Due Diligence reporting cycle aligned with OECD guidance.

The company's revenue model is built on direct B2B sales of tungsten intermediates and finished cemented carbide parts to downstream industrial manufacturers, with pricing set through long-term agreement quotations (长协报价单) published on its corporate website rather than spot-market or licensing models. Customers are segmented horizontally into industrial manufacturers serving cemented carbide production and precision machining applications, with the value proposition centered on supply chain stability for buyers exposed to tungsten price volatility. Distribution is single-country/domestic (China), with no disclosed global footprint, and the company supports enterprise sales through investor relations infrastructure tied to its public listing. Headcount is in the 501–1,000 range, consistent with mid-sized Chinese specialty metals producers.

As of Q1 2026, the company reported trailing twelve-month revenue of 3.08 billion yuan (+73.92% YoY) and Q1 2026 revenue of 1.15 billion yuan (+138.65% YoY), a sharp rebound from a 63.76% net profit decline in H1 2025. H1 2026 net profit is guided up 2,347.8%–3,435.8% year-over-year. The balance sheet carries a net debt position of 596.99 million yuan and a debt-to-equity ratio of 69.61%. Capacity additions in tungsten oxide, tungsten powder, and tungsten carbide are evident from disclosed environmental permits, and the company continues to deepen vertical integration toward higher-margin cemented carbide precision components.

Name

Guangdong Xianglu Tungsten

Legal name

广东翔鹭钨业股份有限公司

Website

http://www.xl-tungsten.com/

Company type

Public

Founded year

1997

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Guangdong Xianglu Tungsten (广东翔鹭钨业股份有限公司) is a vertically integrated Chinese tungsten products manufacturer producing APT, tungsten oxide, tungsten powder, tungsten carbide powder, and cemented carbide precision components for domestic industrial manufacturers.

Ownership category

akta.pro rank

Headquarters

HQ city

Chaozhou

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Tungsten Products Manufacturing and Sales: The company generates revenue through the manufacturing and sale of tungsten products across the full industry chain, including ammonium paratungstate (APT), tungsten oxide, tungsten powder, tungsten carbide powder, and tungsten cemented carbide precision components.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Guangdong Xianglu Tungsten is a vertically integrated manufacturer of tungsten products that operates a full industrial chain from tungsten ore mining through ammonium paratungstate (APT), tungsten oxide, tungsten powder, and tungsten carbide powder, to precision deep-processed tungsten cemented carbide components such as cutting tools and wear-resistant parts. The company sells these tungsten intermediates and finished cemented carbide products to downstream industrial manufacturers in China.

Product overview

Guangdong Xianglu Tungsten is a vertically integrated tungsten products manufacturer operating a full industrial chain from tungsten ore mining to ammonium paratungstate (APT), tungsten oxide, tungsten powder, tungsten carbide powder, and precision-machined tungsten cemented carbide products. Founded in 1997 and listed on the Shenzhen Stock Exchange (stock code: 002842) in 2017, the company functions as a national high-tech enterprise and Guangdong Specialized and Innovative SME. Its integrated production flow starts with APT and tungsten oxide as intermediate inputs, converting these into tungsten powder and tungsten carbide powder as primary raw materials, culminating in precision deep processing of tungsten cemented carbide for industrial applications.

Differentiator

Problem solved

Functional benefit

Products and services

• Ammonium Paratungstate (APT, 仲钨酸铵) Intermediate product in the tungsten processing chain that serves as the foundation for further refinement into tungsten oxide and tungsten powder, sold to downstream industrial processors.
• Tungsten Oxide (氧化钨) Processed tungsten compound used as an intermediate in the production of tungsten metal powder and tungsten carbide, supplied to industrial manufacturers.
• Tungsten Powder (钨粉) Fine tungsten metal powder produced through reduction processes, used as a raw material for cemented carbide and other downstream tungsten products by industrial buyers.
• Tungsten Carbide Powder (碳化钨粉) Tungsten carbide powder produced by carburizing tungsten powder, the key raw material for manufacturing cemented carbide cutting tools and wear-resistant parts, sold to industrial customers.
• Tungsten Cemented Carbide Precision Deep Processing Products (钨硬质合金精密深加工) Precision-processed tungsten cemented carbide products including cutting tools, wear-resistant parts, and other precision components manufactured from tungsten carbide powder for industrial manufacturing and precision machining customers.

Quantifiable outcome

• Revenue of 3.08 billion yuan TTM with 73.92% YoY growth
• +1 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators5 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• Sandvik AB: Swedish multinational engineering company with a major cemented carbide and tungsten products division. Operates in the same downstream precision tooling and wear parts segments as Xianglu Tungsten's cemented carbide business.
• Kennametal Inc. Global leader in metalworking tools and cemented carbide products, with tungsten carbide as a core input material. Comparable as a downstream consumer of tungsten carbide powder and as a producer of precision cemented carbide components for industrial customers.

Others

• Jiangxi Copper Corporation: China's largest copper producer and major nonferrous metals company, with adjacent smelting and refining capabilities applicable to nonferrous metals including tungsten. Comparable as a large Chinese nonferrous metals processor, though primary focus is copper.
• China Molybdenum Co., Ltd. (CMOC): Large Chinese mining company with tungsten operations among its diversified metals portfolio (copper, cobalt, molybdenum, tungsten, niobium). Comparable as a Chinese metals miner with tungsten exposure, though broader in scope than Xianglu Tungsten's pure tungsten focus.

Direct peers

• China Tungsten and Hightech Materials Co., Ltd. Major Chinese tungsten and cemented carbide producer listed on Shenzhen Stock Exchange, with similar business model covering tungsten powder, tungsten carbide, and cemented carbide cutting tools. Direct competitor in the same product categories and customer segments.
• Chongyi Zhangyuan Tungsten Co., Ltd. Vertically integrated Chinese tungsten mining and deep-processing company, producing APT, tungsten oxide, tungsten powder, tungsten carbide powder, and cemented carbide products. Closely matched in scale and product mix to Xianglu Tungsten.
• Xiamen Tungsten Co., Ltd. China's largest tungsten and rare earth products producer, operating a similar vertically integrated tungsten mining-to-deep-processing business model. Directly comparable in product portfolio (APT, tungsten powder, tungsten carbide, cemented carbide) and serves overlapping industrial customer base.
• Zhuzhou Cemented Carbide Group Corp. State-owned Chinese cemented carbide and tungsten products manufacturer, one of the largest in China. Competes directly in the cemented carbide precision components segment and serves the same downstream cutting tool and wear-resistant parts markets.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors1 record

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

M&A

Investments

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

Frequently asked questions about Guangdong Xianglu Tungsten