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Event: Event: The company released the 2021 semi-annual performance report.
The main views of China Sea Securities are as follows: The main views of China Sea Securities are as follows:
The gross profit margin of operating cost pressure decreased slightly, and the net profit margin of optimized management expenses increased
The gross profit margin of operating cost pressure decreased slightly, and the net profit margin of optimized management expenses increased
In the first half of the year, operating income was 2.
The product structure is optimized, and titanium products account for the main part of revenue and profit
The company continues to optimize its product structure, consolidate its high-end market share and voice, and its production and operation indicators have grown steadily.
The absolute leader in domestic titanium alloys continues to benefit from the boom in the military industry
The company is the domestic leader in the field of titanium and titanium alloys.
The main products are various specifications of titanium and titanium alloy plates, strips, foils, tubes, rods, wires, forgings, castings and other processed materials and various metal composite products.
The main applications are It is used in aerospace fields such as spacecraft, rocket engines, aircraft bodies and aero engines, as well as petrochemical fields such as oil refining equipment and electrolysis equipment
.
The fund-raising projects are progressing smoothly.
After completion, the production capacity of high-end titanium materials can be expanded and the company's profitability can be improved
.
In the context of the high boom in the military industry during the 14th Five-Year Plan period, the mass production of aircraft models will bring about broad demand for military titanium alloys, and the company will directly benefit
.
In the civil aviation market, the ARJ21 aircraft has been successfully operated, the C919 aircraft launched the final sprint for the airworthiness certificate, the first CR929 was started, and the domestic engines CJ1000 and CJ2000 are currently undergoing smooth testing.
The civil aviation titanium alloy market is expected to further open in the future, providing the company with long-term steady growth.
A solid foundation
.
