NXDF Tantalum Niobium Technology Group is China's invisible champion enterprise in the field of tantalum and niobium metals.
Due to the improvement of business in China's domestic market and the adjustment of product structure, the semi-annual report released by NXDF shows that net profit in the first half of 2021 has tripled.
Product structure adjustment promotes increase in gross profit margin
NXDF takes the R&D, production and sales of tantalum and niobium metal and products as its core business. It is currently China's largest production base for tantalum and niobium products, a technology-leading tantalum and niobium research center, and a national key high-tech enterprise.
At present, the company's domestic market share in China has increased from 40% in 2019 to 60% in the first half of this year, showing an increasing trend year by year.
"In addition to the substantial increase in operating income, there are more gratifying changes," NXDF's CFO Qin Hongwu introduced to Hay Think. , The company`s product structure was further optimized, and sales of tantalum products increased, which enabled the company’s gross profit margin of tantalum and niobium and its alloy products to reach 24.78%, a year-on-year increase of 9.93%."
The company attaches great importance to improving development momentum through scientific and technological innovation. By hiring second-level experts, third-level engineers and second-level technicians, the company has established and improved talent development channels and built a development platform for technical personnel. The company has a national-level tantalum and niobium special material engineering research center and an analysis and research center, with independent research, development and design capabilities, and remarkable achievements in scientific research projects. In 2021, there are a total of 35 NXDF research projects under research, and the project opening rate is 100%. The research investment in the first half of the year was 31.48 million yuan. In the first half of the year, five patents were accepted, two were published, and two were authorized.
The quality, grade and high-tech content of the company's tantalum powder, tantalum wire and niobium products are among the best in the world. The company will further upgrade existing equipment, improve management efficiency, strengthen research and development, and sell high value-added products at home and abroad to strengthen its main business.