Ganzhou Haisheng Tungsten Industry Co., Ltd. has filed a renovation and expansion project for its tungsten products production line in the South Zone of Shangyou Industrial Park, Jiangxi, with a total investment of RMB 1.5 billion, funded entirely by the company's own resources. The filing has been approved. The project expands capacity based on the existing output of tungsten powder, tungsten carbide powder, and tungsten bars, and adds a new tungsten wire product line. The filing date is October 2026. The construction plan shows that the project covers approximately several dozen mu of land, with total floor area including production workshops, warehouses, and supporting office and ancillary buildings. Multiple intelligent production lines will be built, and hundreds of sets of tungsten product equipment will be upgraded and newly purchased. In terms of capacity planning, the three base products—tungsten powder, tungsten carbide powder, and tungsten bars—will all be further scaled up from their existing annual output levels, while tungsten wire will form new capacity measured in meters. The project is scheduled to start and complete across calendar years, with specific months not fully disclosed in the public filing. Tungsten powder and tungsten carbide powder are upstream raw materials for cemented carbides, thermal spraying, and certain refractory metal powders used in metal additive manufacturing, while tungsten bars directly correspond to tungsten-based targets and high-temperature structural components. Haisheng Tungsten's expansion places intelligent production lines and equipment upgrades at its core, targeting systematic improvements in powder particle size consistency, oxygen content control, and batch stability—practically significant for the scale and quality tiering of domestic tungsten-based powder supply. Value for powder buyers: ① Monitor the release pace of the project's new tungsten powder and tungsten carbide powder capacity and lock in medium- to long-term supply agreements in advance; ② Add tungsten wire, a new product category, to supplier evaluation lists and verify its specification range and delivery capability; ③ After equipment upgrades are completed, request updated particle size distribution and oxygen content test data to serve as the basis for incoming material acceptance.