In 2023, Jinchuan Group has been vigorously promoting various technological research projects and the conversion of scientific and technological achievements to accelerate its building of a world-class enterprise.
Jinchuan Group's smelting and refining plant
Technological research is closely aligned with domestic demand. This year, Jinchuan’s efforts have been focused on solving the bottleneck issue of key components for medical heavy ion accelerators. This has addressed the long-term reliance on imported medical equipment, electronic information, material applications, and high-purity oxygen-free copper ingots for high-end machinery in China, filling the domestic production gap. At the same time, Jinchuan has further enhanced its independent supply capabilities in copper and copper alloy materials in high-end fields such as medical, electronic materials, and instrument components, promoting the comprehensive transformation of traditional processes towards efficient, green, and low-carbon processes.
Jinchuan Group
Additionally, its technology projects emphasize both research and transformation, with outstanding contributions made from new products. In 2023, the conversion rate of research project achievements exceeded 76%, with new product revenue accounting for 43%. The scale of Jinchuan Group's non-ferrous metal new materials industry continues to increase. Four types of high-purity products are being produced in large quantities, effectively increasing the variety of high-purity products in Jinchuan Group's portfolio, further solidifying its leading position in this field both domestically and globally. In addition, the "Development and Research of High-Conductivity and Shielding Materials" project has successfully developed high-end products such as conductive pure nickel powder, nickel-coated graphite powder, and flake nickel powder, and achieved production and sales. It is estimated to increase industrial output value by 55 million yuan (about $7.72 million) annually.
Furthermore, research and development investment continues to increase, providing strong support for scientific research. In 2023, Jinchuan’s investment in R&D is expected to reach to 1.56 billion yuan. Currently, Jinchuan Group has a total of 21 affiliated companies recognized as high-tech companies and four companies recognized as "specialized, refined, distinctive, and innovative" SMEs in Gansu province.
