YXTG Stainless Steel Material Technology Group was established in 2000 and is a national high-tech enterprise specializing in R&D, production and sales of special steel. It was listed on the Shenzhen Stock Exchange in 2015.
YXTG's stainless steel bar and wire market share second in the Chinese market
The company`s main business is high-end stainless steel rods and wires and special alloys. The main products include austenitic stainless steel rods (tube blanks), stainless steel rods (tube blanks) for high-pressure boilers, duplex stainless steel rods (tube blanks), etc. There are more than 200 steel grades with complete specifications and varieties. As a leading enterprise in stainless steel long products in China, the company has long-term domestic market share of stainless steel rods and wires in the top two, and the output of duplex stainless steel rods and wires ranks first in the country, with a market share of nearly 50%, and has formed a monopoly. In terms of petrochemicals, the company is also the only private enterprise among the suppliers of stainless steel tube billets in Sinopec's system. Its supply in East China accounts for more than 50%. At the same time, the company has also obtained world-renowned petrochemicals such as Shell Petroleum, Dow, and DuPont. Supplier certification of the enterprise.
The company's products mainly provide high-quality stainless steel materials for high-end manufacturing industries such as thermal power, oil exploration and refining, transportation, mechanical equipment, aerospace, marine engineering, national defense and military industry, of which oil and gas refining and chemical industry account for 50.72%, and high-end machinery and equipment account for 50.72% 34.01%, electricity 5.64%, transportation equipment 2.29%, downstream customers include "three barrels of oil", Dongfang Electric, Shanghai Electric, State Power Investment, China General Nuclear Power Group, China National Nuclear Corporation, ZJJL Special Alloy Pipe Technology Group and CZ Stainless Steel Pipe Technology Group Stainless And other high-end brands.
The company continues to increase the proportion of special steel bar production
The gross profit level of the company's rods has been higher than that of wire rods. In 2019, the gross profit margin of the company's rods was 13.88% and that of wire rods was 10.01%. Since 2015, the company has moderately increased the proportion of bar products based on product profitability and market demand. In 2019, the company developed high value-added bar products such as 21-4N austenitic valve steel and new austenitic heat-resistant steel Products such as SP2215 and super austenitic stainless steel N08367 were put into production and sales. By the end of 2019, the proportion of bar revenue in total operating revenue has gradually increased from 47.62% in 2015 to 55.69%.
Pay attention to R&D and realize import substitution
The company regards import substitution as the direction of product upgrading, and continues to increase the proportion of R&D and sales of high value-added products. In the past two years, the company’s imported alternative products 21-4N austenitic valve steel, GH2132 high-temperature alloy materials, nickel-based corrosion-resistant alloy N06625 wire rod, and super austenitic stainless steel N08367 have been successfully developed; the company provides austenitic tube billet Body heat-resistant steel SP2215 has passed the technical review organized by the National Boiler and Pressure Vessel Standardization Technical Committee. These high value-added products were originally imported in China. No other domestic enterprise has formed mass production. The company will form a unique high-end product competition in the future. Advantages; in addition, the "large-caliber super austenitic stainless steel seamless pipe material for seawater systems in nuclear power plants" jointly developed by the company and the State Power Investment Research Institute passed the appraisal of scientific and technological achievements. As of May 2020, the company has a total of 88 technology patents. In 2019 alone, the company obtained 14 technology patents, including 5 invention patents and 9 utility models, a total increase of 40% compared with last year.
In addition to the high investment in technological research and the signing of strategic cooperation agreements, the company also actively promotes the transformation of technological achievements. Some of the successfully researched and developed high value-added new products have been gradually put into production, such as large thermal power plants represented by the national key high-tech product TP347H/1Cr19Ni11Nb The materials are selected by the three major domestic power plants, Dongfang Boiler, Harbin Boiler, and Shanghai Electric; nuclear power materials are used in Yangjiang Nuclear Power Plant`s reactor internals and Chashma Nuclear Power Plant valves; Hydrogen plant-the company's competitiveness is further improved.