On August 25, WXPK New Material Technology Group was listed on the main board of the Shanghai Stock Exchange. WXPK will invest heavily in the construction of "aero engine and gas turbine hot-end special alloy materials and components construction", "R&D center construction" and other projects.
WXPK is a high-tech enterprise specializing in the research and development, production and sales of high-performance metal forgings. Products can be applied to many industries such as aviation, aerospace, shipbuilding, electric power, petrochemical and other types of machinery. WXPK has a complete forging manufacturing process including forging process, heat treatment process, machining process, performance testing, etc. The materials include carbon steel, alloy steel, stainless steel and special alloys such as high temperature alloy, aluminum alloy, titanium alloy, and magnesium alloy. Cross-industry, multi-standard, large, medium and small batch and other types of business undertaking capabilities.
Advanced forging equipment and perfect production process
Forging equipment and forging process are directly related to important indicators such as product quality, performance and yield. At present, WXPK has the world's leading 3600T hydraulic press, 3150T fast forging machine and other presses, more than 1.2m-10m precision CNC ring rolling machines, and has forging heating furnaces, heat treatment furnaces, precision lathes, physical and chemical testing equipment, auxiliary equipment and More than 400 sets of special equipment, which can process a variety of materials from ordinary carbon steel, stainless steel, alloy steel to high-temperature alloys, titanium alloys, aluminum alloys, magnesium alloys, etc., and can effectively improve the processing parameters during the production process. Product quality has laid the hardware foundation for WXPK to participate in market competition.
The production process involves the entire production process of a company, connecting multiple departments of the company, and the level of the process is a manifestation of the overall strength of an enterprise. WXPK has established scientific process parameters through strict production standards, analysis and application of production data accumulated over the years. A complete set of technological processes has been formed in terms of design process, forging process, heating process, machining process, heat treatment process, and inspection process.
Pay attention to technology research and development, and reserve talents are abundant
WXPK has always attached great importance to the research and development of new products, new technologies and new processes. Through unremitting efforts, the company has mastered the overall precision rolling technology of special-shaped cross-section rings, special ring rolling technologies, and super large diameter ring rolling technologies. The core technology, with strong product development and manufacturing capabilities, can meet the stringent requirements of downstream customers for product quality and process design. As of December 2019, WXPK has 31 invention patents.
WXPK is a national high-tech enterprise. It has close cooperation with Central South University, Nanjing University of Technology, Wuhan University of Technology and other universities in industry, education and research, and has established post-doctoral research workstations and enterprise graduate workstations. The engineering technology center established by WXPK was recognized by the Department of Science and Technology and the Department of Finance as the "Super Large-Specification Light Alloy Precision Forming Engineering Technology Research Center" and "Provincial Enterprise Technology Center", and participated in the drafting of the national military standard "Magnesium alloy ring blanks for aerospace" Participated in the drafting of the “Technical Conditions for Aluminum Cone/Cylinder Rolled Forgings for Cabin Sections” (Q/Du302-2015) for a subordinate unit of the Aerospace Science and Technology Group. The main products and technologies of Parker New Materials have also won many provincial awards .
With the first-mover advantage of military products, the products are diversified
WXPK's military business is mainly distributed in aviation, aerospace, ships, weapons and other fields. Products listed in the military model equipment procurement catalog must comply with the military's technical system. Once the technical system is determined, it will participate in the development of model equipment and successfully complete it. The finalized company usually becomes the supplier of this type of equipment, and the company that has not participated in the development of the type of equipment generally cannot obtain the corresponding order. At the same time, military products are mainly organized by the military for comprehensive project demonstration, and model development and design finalization are carried out under the control of the military. The entire project procedure is strict and takes a long time, and it is difficult for non-military enterprises to participate in the entire project process. WXPK has been in the military business since 2013. After unremitting efforts in recent years, it has become one of the few domestic high-tech enterprises that can supply ring forgings in the fields of aviation, aerospace, and ships, so it has the first-mover advantage in military products. .
WXPK has the ability to undertake multiple types of businesses such as cross-industry, multiple specifications, large, medium and small batches. The downstream customers are widely distributed, and they have applications in aviation, aerospace, shipbuilding, electric power, petrochemical and other machinery. There is no excessive dependence on certain The situation of a certain industry or a certain product, therefore, WXPK can actively adjust its sales strategy according to the changes in the market demand of the downstream industry to prevent market fluctuation risks to the greatest extent, and will not suffer a significant impact due to adverse changes in a certain downstream industry.
In the past, WXPK has achieved dazzling results with its entry into the military industry and the rising prosperity of the petrochemical industry. Its revenue has increased from 340 million yuan in 2016 to 653 million yuan in 2018. In 2019, its revenue exceeded 800 million yuan. A compound increase of 38.65%. In the future, WXPK's military industry revenue will account for a larger proportion of its total revenue, and it will help its total revenue continue to make breakthroughs. It is expected to become a strong competitor following ZHZJ Heavy Industry Technology Group.