On July 23, China's leading deformed superalloys and cast superalloys (master alloys, precision castings) manufacturer JSTN Alloy Technology Group
Listed on the Shenzhen Stock Exchange, the company's share price rose 43.96% to 15.13 yuan at the close of the day.
JSTN is one of the few companies in China that can simultaneously mass-produce deformed superalloys and cast superalloys (master alloys, precision castings) products. Its products are mainly used in high-end applications such as aircraft, aero engines, gas turbines, nuclear power, and energy. Superalloy is a key structural material for the hot-end components of military and civil aviation engines and ground gas turbines. Its manufacturing capacity directly determines a country's national defense strength and industrial level.
Focus on high-performance alloy materials and deepen the two major military and civilian markets
JSTN’s main business is the R&D, production and sales of high-performance alloy materials and products such as high-temperature alloys and special stainless steels. The company’s high-performance alloy materials and products such as cast high-temperature alloys, deformed high-temperature alloys, and special stainless steels are mainly used in Military and high-end civilian fields such as aviation engines, gas turbines, and nuclear power equipment.
JSTN, which has been deeply involved in the industry for many years, has always adhered to the research and development of new technologies and new products, and has continuously expanded the product chain. JSTN has a number of independently developed core technologies in the product fields of "casting superalloys", "deformed superalloys", "special welding wires", "aerospace seamless pipes", "large structural castings" and other products, and has obtained national invention patent authorization 32 items, 1 utility model patent authorization, and successively won 1 provincial second prize for scientific and technological progress, 1 national key new product, and 3 provincial high-tech products.
After years of steady operation, JSTN has accumulated a wealth of high-quality customer resources in both military and high-end civilian fields with reliable product quality and leading technical strength.
In the field of military products, JSTN has established a long-term and stable cooperative relationship with China’s major aero engine manufacturers Group A, Group B and many of its subsidiaries, and has become its outstanding supplier for many years. In the field of high-end civilian products, the company has been selected by Shanghai Electric The list of qualified suppliers of domestic large-scale enterprises such as the Steam Turbine Plant of Power Station Equipment Co., Ltd. and Shanghai Electric Nuclear Power Group Shanghai No. 1 Machine Tool Plant, and they have maintained good cooperative relations.
JSTN customers are mainly distributed in military and high-end civilian fields such as aircraft, aero engines, gas turbines, and nuclear power equipment. Related products have higher technical content, added value, and entry barriers.
The national defense industry highlights sustainable growth
The R&D and manufacturing industry of high-performance alloy materials such as high-temperature alloys and special stainless steels where Tunan Co., Ltd. is located is a relatively vertical special industry with steady growth in demand.
China's superalloy industry has a small number of enterprises, and the overall technological development level is still far behind the international advanced level. The overall production capacity and actual effective output are relatively small. In particular, the effective production capacity of high-end aviation superalloys is far from meeting the growing market demand.
Taking the application field of superalloys as an example, the development prospects of civil superalloys are broad. They are not only widely used in diesel engine turbochargers, flue gas turbine blades and disks, metallurgical steel rolling heating furnace pads, and internal combustion engine exhaust valve seats. In recent years, , The application of high-temperature alloys continues to expand, especially the applications of high-temperature and corrosion-resistant alloys in petrochemical, glass and fiberglass, and machinery manufacturing industries have also made significant progress.
JSTN's fundraising projects include "1000 tons of ultra-pure and high-performance superalloy materials construction project" and "3,300 pieces of complex thin-walled superalloy structural parts construction project". The above-mentioned projects are mainly through the configuration of high-performance smelting equipment and melting Pouring equipment, the introduction of advanced production management systems, a new production line in the company’s existing production base, and the development and production of new products and models around the current company’s core products, deformed superalloys and cast superalloys.
In addition, the "R&D Center Construction Project" plans to focus on "Aviation Ultra-Pure Nickel-Based Superalloy Vacuum Melting Technology", "Investment Precision Casting New Materials and New Process Development", and "High-temperature Alloy Rods and Wires for Fasteners Imported Substitution Projects" "Selective laser melting molding technology research and development" and other research and development directions, through the purchase of advanced research and development equipment, testing equipment and professional software, the introduction of high-quality research and development technical personnel, research and development in multiple cutting-edge directions, to consolidate the company's technological research and development advantages , Enhance the company's core competitiveness.
In general, the relevant fund-raising projects will solve the current capacity bottleneck problem of JSTN, help the company achieve product upgrades, provide strong technical support for the development of high-performance aero engines in China, and increase the localization rate of key aero engine components. Play a positive role.
Taking JSTN superalloy products as an example, the capacity utilization rates of the company's superalloy products from 2017 to 2019 were 103.06%, 109.45%, and 121.72% respectively. The insufficient capacity of existing equipment has become a bottleneck for the company's further development. Related projects are in the future. The completion of the project will cover products in the fields of aviation, nuclear power and gas turbines.