Sifangda is the largest R&D and manufacturing enterprise of composite superhard materials in China. Its main products include petroleum composite sheets, mining composite sheets, cutting tools and wire drawing dies. The company is currently the only polycrystalline diamond manufacturer in China with complete production lines and international products. It is also the world's three largest PCD drawing die manufacturers, and its wire drawing die project is used as a demonstration project by the National Development and Reform Commission. The company's industry has high technical barriers and is currently the leading enterprise in China. The future is expected to enter the field of shale gas equipment. The company's executives said that the company is still providing materials to coal mining, oil and natural gas mining equipment companies, but it does not rule out the development and drilling of shale gas, and develop and supply drill materials for related equipment production companies. The PDC (polycrystalline diamond composite) drill bit produced by the company has been widely used in the exploration and exploitation of conventional oil and gas, while the conventional natural gas burial depth in China is generally about 1,500 meters to 3,000 meters, and the depth is equivalent to shale gas, so from the perspective of depth It is judged that the PDC bit should also be suitable for shale gas exploration and mining. The fundraising projects and over-raising projects have steadily advanced. The semi-annual report shows that the construction progress of the company's high-tech industrialization project of super-hard materials has reached 93.13%, the construction progress of the composite super-hard material products project has reached 67.25%, and the cumulative benefits of the two projects have reached 18.928 million yuan. Since the state-owned land use right certificate was obtained on March 23, 2012, the completion time of the two super-raised projects is expected to be postponed until October 30, 2013. The promotion of the fundraising project will create a new card for the stable performance of the company in the future. In the secondary market, after the stock volume broke through the annual line in the previous period, it has recently stabilized against the annual line and stabilized. The market outlook is expected to enter a stage of stabilization and rebound.
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Sifangda: The company has a broad space for future growth
Abstract Sifangda is the largest R&D and manufacturing enterprise of composite superhard materials in China. Its main products include petroleum composite sheets, mining composite sheets, cutting tools and wire drawing dies. The company is currently the only manufacturer of polycrystalline diamonds with complete production lines and international products in China. It is also the world's top three...