**Abstract**
Financial Website, July 2: On Wednesday afternoon, Yu Diamond's stock price experienced a sharp surge and quickly hit the daily limit. As of press time, the stock had risen by 9.19% to 6.30 yuan. The sudden movement came after the company revealed details about its subsidiary’s micron diamond wire project in a recent institutional survey.
Yu Diamond (300064.SZ) stated in the survey that its subsidiary, Huajing Precision Manufacturing Co., Ltd., completed the micron diamond line project at the end of September 2013. The diamond wire produced from this project has demonstrated excellent performance, contributing positively to the company’s overall results.
According to the "Investor Relations Activity Record Form" published by Yu Diamond on June 30, the project was carried out by Huajing Precision Manufacturing. The diamond wire produced is known for its high cutting efficiency, stability, and strong resistance to wear. This has helped enhance the company's financial performance.
The Henan Diamond Micron Diamond Line Project, which involves the production of diamond wires for the photovoltaic industry, required a total investment of 184 million yuan. The project is designed to produce 0.33mm wires at a rate of 14,400 km per year and 0.12mm wires at 1,320,000 km per year.
Yu Diamond's core business focuses on the development, production, and sales of super-hard materials, along with related equipment and raw materials. In 2013, the company restructured its product lineup, shifting focus toward advanced products such as large single crystals, diamond micro-powders, and diamond wire saws. This move aimed to diversify its offerings and strengthen its market position.
With the successful completion of key projects and ongoing innovation in its product range, Yu Diamond continues to show promise in the competitive super-hard materials sector. Investors are closely watching the company's future developments, especially as it expands into new markets and enhances its technological capabilities.
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