News
The company achieved a historic leap in its 2017 business performance.
Release date:
2018-03-27
source：South Hard Company
Writer：General Office
In 2017, the company achieved a historic leap in business performance, surpassing its profit targets and turning a profit, with revenue growing by 47% year-on-year. Key products saw significant increases in both production and sales volumes, all reaching record highs: tungsten powder output rose by 19.6%, while sales climbed by 16%; hard alloy bar production surged by 80%, with sales exceeding 600 tons—a 78% increase compared to the previous year. Meanwhile, precision tool production grew by 6%, and sales expanded by 9.6%. Additionally, gross margins for tungsten carbide powder improved by 46.8%, while those for hard alloy bars experienced a substantial boost. Labor productivity also continued to rise, with tungsten carbide powder output per worker increasing by 13% year-on-year, hard alloy bar billet productivity jumping by 30%, and precision tool productivity climbing by 10% over the same period.
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