On January 4, 2022, Baofeng Wuxing graphite Co., Ltd. started the project of 30000 tons of new nuclear grade graphite materials. The products will be widely used in aerospace, military industry, semiconductor, photovoltaic, hydrogen energy, solar energy, battery negative electrode materials, metal continuous casting, electric spark, 5g chip, nuclear industry and other fields. The construction period of the project is two years. It is expected that the annual sales of graphite products of the company will exceed 60000 tons and the total output value will exceed 3 billion yuan after it is completed and put into operation.