The application of synthetic diamond is gradually expanding to emerging industries. As one of superhard materials, synthetic diamond is widely used in sawing, grinding, cutting, drilling and other tools. With the improvement of technology and the expanding application fields, synthetic diamonds have gradually become microelectronics, optoelectronics, and communication. Indispensable materials in high-tech fields such as aerospace and aviation. At present, China's synthetic diamond production has accounted for more than 70% of the global total, becoming the world's largest producer of synthetic diamond. From 2001 to 2009, China's synthetic diamond production increased by 2.4 times, with an average annual compound growth rate of 16.4%. It is expected that in the next few years, the technological upgrading in the traditional processing field will increase the demand for super-hard materials and the replacement import demand for high-grade super-hard materials, and the diamond compound growth rate will remain above 15%.
Yu Diamond is the fastest growing diamond company. The company has the only academician workstation in the synthetic diamond industry, the only laboratory accredited by the China National Accreditation Service for Conformity Assessment, and the only international invention patent, the synthetic diamond press with six-sided top cylinder and beam, and is the only one in the industry. These advantages are the core competitive advantages of the company's technological innovation and technological equipment. Therefore, the company's high grade rate has remained above 40% in the past few years, and the comprehensive gross profit margin has remained above 40%. In the past three years, the average compound growth rate of operating income was 44%, and the average compound growth rate of profit was 46%. The above indicators are far above the industry average.
The company will build a complete industrial chain in the future. The company's development vision: "To become the world's important synthetic diamond production base, to create a first-class enterprise of equipment - raw and auxiliary materials - synthetic diamond products - synthetic diamond products." While developing the main business of synthetic diamonds, the company has begun to carry out basic research on synthetic diamond products, and gradually carry out relevant technical reserves of synthetic diamond products, and will choose to extend the downstream synthetic diamond products in the future.
Yu Diamond is the fastest growing diamond company. The company has the only academician workstation in the synthetic diamond industry, the only laboratory accredited by the China National Accreditation Service for Conformity Assessment, and the only international invention patent, the synthetic diamond press with six-sided top cylinder and beam, and is the only one in the industry. These advantages are the core competitive advantages of the company's technological innovation and technological equipment. Therefore, the company's high grade rate has remained above 40% in the past few years, and the comprehensive gross profit margin has remained above 40%. In the past three years, the average compound growth rate of operating income was 44%, and the average compound growth rate of profit was 46%. The above indicators are far above the industry average.
The company will build a complete industrial chain in the future. The company's development vision: "To become the world's important synthetic diamond production base, to create a first-class enterprise of equipment - raw and auxiliary materials - synthetic diamond products - synthetic diamond products." While developing the main business of synthetic diamonds, the company has begun to carry out basic research on synthetic diamond products, and gradually carry out relevant technical reserves of synthetic diamond products, and will choose to extend the downstream synthetic diamond products in the future.
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