The core business of the three major business development companies is metal new materials and products business. Super hard and refractory materials are the important source of current company income and profit, and also the company's future business focus; metal functional materials will be 10,000 tons The production of grade amorphous ribbon project and special precision alloy strip project has become the company's new profit growth point; the profitability of fine metal products capacity expansion is expected to gradually increase. Antai Steel Research Co., Ltd., a subsidiary of superhard and refractory materials, has completed the capital increase. The diamond saw blades will be shifted from civilian to industrial use to improve profitability. The expansion of 40,000 tons of high-speed tool steel has been completed, with the gradual release of production capacity and the introduction of the French Erasteel strategy. After the investment, the future export market will be guaranteed, and the profit growth will be expected; the gross profit of refractory materials will reach 40%, and the capacity of the new project after completion of 12 years will reach 1,630 tons, which is three times the current, and the profit contribution will rise sharply. Metal Functional Materials is one of the only two manufacturers in the world that can produce large-scale amorphous alloy broadband. It is the world's second largest production base of amorphous ribbons, and established amorphous ribbons with State Grid Electric Power Research Institute (300215). After the joint venture company, it will partially replace the Hitachi Metals market. At present, the broadband production rate is only 70%, and the 11-year output will double to 15,000 tons. After the stability is improved, the gross profit margin will be further improved. The narrow belt is expected to produce 1,500 tons this year (including processing 300 tons of iron core). More than 32%; the new 1000 tons of sintered permanent magnets for magnetic materials have been put into production, with a total capacity of 3,000 tons. It is estimated that the production of sintered NdFeB will reach 1,200 tons in 2011, and the future capacity utilization rate will be greatly improved. Fine metal products welding materials are the biggest highlight of the current fine metal products business. After the acquisition of Sanying Welding, the production capacity has increased from 20,000 tons to 70,000 tons, accounting for about 15% of the domestic market. The company's advanced management has broken into three After that, overall profit is expected to improve significantly. Special welding rods currently have more than 1,000 tons of production capacity, currently contributing 40% of the profit of welding consumables, and more than 5,000 tons after expansion. The follow-up of powder metallurgy materials and products is worthy of expectation. The “High-end Powder Metallurgy Products Industrialization Project†of Yongfeng Base will contribute to the performance in 2013. The controlling party's layout of rare earth resources will be injected into the “Shandong Weishanhu Rare Earth†light rare earth assets acquired by the Group. The raw materials of the company's products are NdFeB. After the acquisition, the listed company's resources are guaranteed, and the subsequent related transactions will be greatly increased. The company may be worth looking forward to. Earnings forecast and rating will vigorously develop strategic emerging industries during the “Twelfth Five-Year Plan†period. As the leader of new metal materials, the company will continue to expand its business of three major materials, and its revenue and profitability will enter a period of rapid growth. It is predicted that the EPS will be 0.37, 0.56, 0.79 yuan/share in 11-13 years, and the corresponding PE will be 48.7, 32.5, 23.2 times, and the “Buy†rating will be given for the first time. Led Remote Controller,Wireless Controller Remote,Remote Controller For Led Strip,Timing Remote Controller Shenzhen You&My Electronic Technology Co., Ltd , https://www.szyoumyled.com
Antai Technology: Comply with strategic emerging industries, and develop three major businesses
Summary of the three to the good business development of the company's core business is metal new materials and products business, in which the super-hard and refractory materials is an important source of revenue and profits, but also the company's future business focus; the metal functional materials with Wan Tons of amorphous ribbon projects and special precision alloy belts...