The Group is a producer of tantalum- and niobium-based metallurgical products in China and one of the earliest non-state owned PRC-based market participants in this industry.
Our principal products are tantalum pentoxide, niobium pentoxide and potassium heptafluorotantalate. We process our products into varying purity levels and specifications in order to meet the requirements for different end products. In addition, we sell processed products such as tantalum bars, tantalum carbide, niobium bars and niobium powder, which are produced by engaging third-party metallurgy companies to process the pentoxide products and potassium heptafluorotantalate we produce, or purchased from third-party metallurgy companies. Moreover, we provide services for processing tantalum ores and niobium ores supplied by our customers into pentoxide products and potassium heptafluorotantalate.
Our history started on 9 May 2006, when Guangdong Zhiyuan New Material Co., Ltd. was established in Yingde, Guangdong Province, the PRC by Fogang Jiata and Jiata International. Zhiyuan New Material was principally engaged in the production and sale of tantalum- and niobium-based metallurgical products. We conduct substantially all of our business operations through Zhiyuan New Material, our PRC subsidiary.
We were one of the 15 major market players in the tantalum and niobium metallurgy industry in China in 2018, and we were the largest producer of tantalum- and niobium-based hydrometallurgical products in China for FY2016, FY2017 and FY2018 in terms of total annual production volume for external sales.