China's leading manufacturer of aluminum-magnesium-titanium special light alloy material,aluminum grain refiner:SZXX Light Alloy Material Technology Group
With the gradual replacement of steel by aluminum, the continuous growth of demand for electrolytic aluminum, and the rising penetration rate of high-end aluminum, aluminum grain refiners, as a necessary additive in the production process of aluminum, will gradually release their rigid requirements. The market predicts that China's aluminum grain refiner consumption will reach 187,000 tons in 2024, compared with 46,600 tons in 2010, with an average annual compound growth rate of 10.43%.
SZXX is the leader of the whole industry chain that deeply cultivates aluminum grain refiners. The company is at the top of the industry in terms of technical indicators and market share. Many technical indicators of the company's aluminum grain refiner even exceed the technical level of the world's leading companies in LSM in the United Kingdom, KBAlloys in the United States, and KBM in the Netherlands. And the global market share of aluminum grain refiner and the Chinese market share are about 20% and 40% respectively.
According to the semi-annual report, in the second half of 2020, the SZXX Shenzhen factory will only retain 30,000 tons/year of aluminum grain refiner production capacity, and gradually transform to other alloys. Luoyang factory will build 60,000 tons/year of aluminum grain refiner. The production capacity of chemical agents and other ancillary products mainly provides aluminum grain refiner products for aluminum processing enterprises in East China, Central China, North China and the global market.
In the first half of this year, the company's aluminum grain refiner product revenue accounted for 89.15% of the company's main business revenue, which is still the company's main source of revenue. At present, this product is widely used in aluminum manufacturing and processing in various fields such as aerospace, rail transit, and military industry.
In the aviation field, it is estimated that in 2020, the development of China's large passenger aircraft and other aerospace industries will require 100,000 tons of high-performance aluminum materials per year; in the electronics field, global smartphone shipments will exceed 1.8 billion in 2020. Assuming that China’s domestic aluminum demand will reach 48 million tons in 2020, the aluminum grain refiner will account for 0.1-0.4% of the weight of aluminum, and the aluminum grain refiner market will reach about 120,000 tons. Big.
In addition, with the continuous development of new energy vehicles in the future, the aluminumization of all-aluminum bodies and vehicle components is bound to become the future development trend. The lightweight of new energy vehicles will drive the company's aluminum grain refiner and aluminum master alloy to a certain extent. The amount of product used.
R&D investment increased by 7.7%, equity incentives demonstrate confidence in the future
National high-tech enterprises and key high-tech enterprises of the National Torch Program. They have been responsible for drafting a number of industry standards and national standards, and building multiple scientific research platforms… These praises and achievements come from SZXX's emphasis on technological innovation.
The stronger the R&D strength, the lower the probability of being replaced, especially in the field of new materials, if you do not innovate, you will be eliminated. Perhaps based on this high sense of crisis, SZXX continues to promote technological innovation and increase R&D investment. In 2019, the company`s R&D expenses were 48.415 million yuan, a year-on-year increase of 0.19%. In the first half of 2020, the company’s R&D investment was 20,091,600 yuan, which was higher A year-on-year increase of 7.7%.
In addition, the company has more than 200 domestic and foreign invention patents and utility model patents. At present, many products are in the stage of small and pilot tests, such as sponge titanium, new-generation magnesium grain refiner, magnesium alloy plates, inert anode materials, etc. , The future is expected to achieve technology transformation, once mass production, it will become the company's new growth point.