According to the Huajin Securities Research Report, downstream demand for the explosion comes from the mining industry of resources such as coal, metal and non-metallic mines, the infrastructure construction industry, the construction industry, etc. The three types of mines mentioned above together account for more than 70% of the total sales volume of civilian explosion products. Mining is the most important downstream application of the explosion. Affected by the uneven distribution of mineral resources and the imbalance in domestic economic development, in the increasingly fierce competition in the explosion industry, production capacity and power points of all enterprises are gradually shifting and focusing on rich mining areas. Strong supply-side control of the explosion industry, increased policy promotion concentration, and continuous optimization of the structure and pattern benefit from rising mine capital expenditure and the continued boom in infrastructure development.