On June 2, 2020, the world's leading lightweight composite material comprehensive solution provider JSHR Composite Materials Technology Group invested in a high-performance leading aerospace composite parts mass production base officially started.
Aerospace is the largest market for carbon fiber's existing applications. In 2019, the global aerospace composite material market output value is close to 100 billion yuan and maintains an annual growth rate of 12%. In comparison, China's aviation carbon fiber composite material market is still very small. In the global composite materials market, the output of aviation applications accounts for 23%, and the output value accounts for up to 63%; while in China, the output of aviation industry accounts for only 3.7% and 23% of the output value, so it can be seen that carbon fiber composites in China The application in the aerospace field still has huge room for growth. It is estimated that in the next 10 years, China's carbon fiber composite market will be in a stage of rapid growth, gradually becoming the third pole outside the United States and Europe, and the market size is expected to reach more than 50 billion yuan. It can be said that the development and upgrading of the carbon fiber composite material industry will also be a microcosm of China's transformation from a manufacturing power to a manufacturing power.
According to estimates, each kilogram of aircraft weight reduction can reduce operating costs by more than 130,000 yuan, and the increased material cost is only 15% of its benefit, and the return rate is more than 7 times. Therefore, aircraft manufacturers and airlines are rushing towards composite materials. . The amount of carbon fiber composite materials used on the Boeing 787 and Airbus A350 XWB exceeds 50% of the fuselage structure. This benchmarking case has a huge leading role for aviation manufacturers worldwide. The application rate of carbon fiber composite materials on domestic C919 medium-sized passenger aircraft is about 12%, and it will reach 51% on C929 aircraft, which undoubtedly best verifies this trend. The molding of composite materials is the most value-added link in the aviation manufacturing industry chain. It is also a relatively weak link in the current situation. The challenge is mainly to improve the production process of composite materials and reduce the cost.
As an emerging and highly-regarded expert enterprise focusing on high-performance carbon fiber composite material parts molding R&D and mass production, after five years of rapid development, JSHR has formed an in-depth layout in the automotive field, becoming Volvo, Geely, FAW and other well-known domestic and foreign auto OEMs have designated carbon fiber parts suppliers, and are also involved in aerospace, rail transportation and other fields. In the middle of 2018, JSHR has already started the development and production of aerospace component projects; in 2019, JSHR established a separate aerospace high-performance composites business unit, recruiting and training a highly specialized The technical team of aviation experts provides a wealth of talents and experience for the construction of a new aviation parts mass production base. At the same time, with the help of the group's strong international cooperation network and resources, as well as the ability to provide comprehensive solutions from engineering design to mass production that are scarce at home and abroad, the aviation component mass production base will be able to take a mature and leading position from the beginning The standard and efficient operation are quickly put into formal operation.
The registered capital of the first phase of the project is 33.8 million US dollars, with a total investment of 100 million US dollars. It will be equipped with a variety of leading composite material forming technologies and office, inspection, assembly and packaging in a 20,000 square meter modern industrial plant. And other supporting functional areas. Taking the domestic and foreign mainstream aviation engine manufacturing companies and rail transit companies as the core service industry, and vigorously developing shipbuilding, marine engineering, industrial energy and other blue ocean fields that also contain great opportunities, we strive to expand our efforts in the broader potential market.