On March 22, 2022, China's leading high-performance electrical contact material: WZHF Electrical Alloy Material Technology Corporation issued an announcement saying:
The company will invest in a new high-end precision carbide rod and profile intelligent manufacturing project.
WZHF has been focusing on high-performance electrical contact composite materials, while extending the industrial chain to functional composite materials and cemented carbide materials.
As basic components, electrical contact materials and functional composite materials are widely used in low-voltage electrical appliances, consumer electronics, household appliances, automotive engineering, automation equipment, aerospace, energy storage and high-voltage electrical appliances. With the gradual advancement of national favorable policies such as the construction of smart grid, the intelligentization of equipment manufacturing industry, the development of new energy industry, and the promotion of social fixed asset investment scale, the market scale space continues to expand.
At present, WZHF has formed an industrial pattern of high-performance electrical contact materials, metal-based functional composite materials, and cemented carbide materials. A new material enterprise with independent innovation capability can provide customers with a full range of solutions in the field of new alloy functional composite materials.
Electrical contact materials are currently the company's largest main business. As a high-quality overall solution provider in the field of electrical contact functional composite materials in China, WZHF has complete products from the preparation of various electrical contact materials to the processing of integrated electrical contact components The system can meet the performance requirements of all low-voltage electrical appliances.
Financial data shows that in 2021, WZHF integrated electrical contact materials will account for nearly 40% of the revenue, and the compound annual growth rate will reach 11.03%, becoming the most important business source. At the same time, layered and granular electrical contact materials also maintained a compound annual growth rate of 7.26% and 7.8%.
From 2018 to 2021, the main business income of WZHF electrical contact materials is 1.68 billion yuan, 1.86 billion yuan and 2.23 billion yuan respectively. The position of the leader in the material subdivision field.
Continuous innovation core technology industry leading
WZHF is a national high-tech enterprise. It has undertaken or participated in the development of a number of national Torch Program projects, national major scientific and technological achievements transformation projects, national key new products, and national 863 plan projects. The drafting and revision of industry standards has improved the company's overall R&D level.
Up to now, WZHF and its subsidiaries have a total of 128 valid patents, including 91 invention patents (including 13 international invention patents), 36 utility model patents (including 1 German utility model patent, 1 Australian innovation patent, Japan 1 utility model patent) and 1 design patent, among which the invention patent "Preparation method of fibrous structure silver-based electrical contact material" won the 19th China Patent Excellence Award.
In addition, in the field of new energy vehicles, which has maintained rapid development in recent years, WZHF has successfully developed copper-aluminum composite materials for precision structural parts of lithium batteries with its own comprehensive R&D advantages of composite materials;
The silver-copper composite strip developed by the company is widely used in various fuses. The fuse is one of the core products in the circuit protection system. It is mainly used in new energy vehicles, new energy wind and solar power generation and energy storage, communications, rail transit, etc. The high-end market area has a broad market space.
With strong technical strength and brand influence accumulated over the years, WZHF has enjoyed a high reputation in the industry. At present, the company has established long-term relationships with well-known domestic and foreign companies such as Chint Electric, Delixi, Emerson, Sensata and Eaton. In addition, it has established in-depth cooperative relations with internationally renowned low-voltage electrical manufacturers such as General Electric, Siemens, and Schneider. WZHF has been widely recognized by well-known customers at home and abroad.
Successfully opened up the second growth curve
In addition to being a leader in the segment of electrical contact materials, WZHF is also trying to open up a second growth curve in recent years.
WZHF strives to make the cemented carbide business the second growth pole.
It is understood that since the deployment of cemented carbide in 2016, although the business accounted for a small proportion, HF Alloy Technology Corporation, a subsidiary of WZHF, has continued to break through the technical difficulties in the field of cemented carbide. Hole rods, gun drills, nanocrystalline cemented carbide rods, etc. have all made breakthroughs, and have been recognized by well-known customers in Europe and the United States, and become a material supplier of well-known tool manufacturers at home and abroad.
In addition, in the field of new energy, in line with the development trend of the industrial chain, WZHF has been actively expanding its business, and has successively launched composite materials for transmission and distribution circuit protection batteries, protective materials for new energy circuit systems, and electrode connection composite materials for new energy batteries. Cooperating with KDL, CY Precision, RDF and other enterprises in the electric field of new energy vehicles, some products have been applied in new energy electric vehicles of well-known brands.