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    Home > Coatings News > Paints and Coatings Market > Baoti Co., Ltd. (SH: 600456): A listed company with the largest market share of titanium in the domestic market

    Baoti Co., Ltd. (SH: 600456): A listed company with the largest market share of titanium in the domestic market

    • Last Update: 2021-07-30
    • Source: Internet
    • Author: User
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    Baoti Co.


    Baoji Co.
    , Ltd.
    is located in China's "Titanium Valley"-Baoji, Shaanxi.
    The company mainly deals in titanium and titanium alloy products, and is China's largest specialized rare metal production and scientific research base focusing on titanium and titanium alloys
    .
    At present, it has a complete industrial chain from sponge titanium to downstream deep-processing titanium materials.
    The existing production capacity is 10,000 tons of sponge titanium, 20,000 tons of casting capacity, and more than 10,000 tons of titanium processing materials
    .
    Baoti's titanium material ranks first in the domestic market share, and its output ranks second among similar companies in the world.
    It is one of the four major international titanium and titanium alloy professional processing enterprises
    .
    Baoti's titanium material ranks first in the domestic market share, and its output ranks second among similar companies in the world.
    It is one of the four major international titanium and titanium alloy professional processing enterprises
    .
    As the supply process of military materials is complicated and time-consuming, as a franchised supplier of military materials, Baoti Co.
    , Ltd.
    has a very strong industry position in the field of high-end titanium materials, and it cannot be shaken at least in the short term
    .
    Recently, Baoti Co.
    , Ltd.
    issued an interim report forecast.
    In the first half of 2021, it is expected to realize about 276 million yuan of net profit attributable to shareholders of listed companies, a year-on-year increase of about 94%; to achieve about 253 million yuan of non-net profit attributable to shareholders of listed companies , An increase of about 93% year-on-year
    .
    In the second quarter, the company achieved a net profit of about 180 million yuan attributable to shareholders of listed companies, a year-on-year increase of about 78.
    3% and a month-on-month increase of about 86.
    7%, a record high in the company's single-quarter net profit
    .
    The month-on-month increase was about 86.
    7%, setting a record high in the company's single-quarter net profit
    .
    The logic behind the dazzling performance is the huge increase in the demand for aviation titanium materials brought about by the upgrading of domestically-made large aircraft and military aircraft
    .
    The logic behind the dazzling performance is the huge increase in the demand for aviation titanium materials brought about by the upgrading of domestically-made large aircraft and military aircraft
    .
    From the perspective of the industry chain that directly benefits from aero engines, superalloys and titanium alloys are the two materials with the largest proportions in aero engines, accounting for 40% and 30%, respectively.
    They will benefit deeply from the upgrade of domestically-made large aircraft and military aircraft.
    The historic opportunity that comes
    .
    Under the opportunity, Baotai is ready to rebuild an "existing Baotai"
    .
    At the beginning of this year, Baoti Co.
    , Ltd.
    issued an announcement that due to the continuous expansion of downstream applications such as aerospace, ships, marine, nuclear power, and chemical industries, the company's existing high-end titanium product capacity utilization rate is close to saturation, and it can no longer meet current needs.
    There is still a certain gap between the company’s "14th Five-Year Plan" development goal of 50,000 tons of pure titanium production capacity target plan
    .
    Therefore, 2 billion was raised in February, mainly invested in high-quality titanium production lines, aerospace-grade titanium alloy product production lines, testing and inspection centers, and scientific research pilot platform construction projects.
    The construction period of the above three projects is about 2 years.
    After the project is put into operation , It is estimated that the company's titanium product production capacity is expected to exceed 30,000 tons in 2023
    .

    Therefore, 2 billion was raised in February, mainly invested in high-quality titanium production lines, aerospace-grade titanium alloy product production lines, testing and inspection centers, and scientific research pilot platform construction projects.
    The construction period of the above three projects is about 2 years.
    After the project is put into operation , It is estimated that the company's titanium product production capacity is expected to exceed 30,000 tons in 2023
    .

    In fact, the meaning has been very clear, that is, the industry demand is very hot now, and the company's profitability is the production capacity.
    When the production capacity is reached, the profit will rise to a higher level
    .
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