On August 25th, China's leading manufacturer of special alloy high-precision forgings and magnesium alloy ring forgings WXPK Precision Forging Technology Group was officially listed on the Shanghai Stock Exchange.
WXPK is a high-tech enterprise specializing in the research and development, production and sales of metal forgings.
Focus on the production and manufacture of ring forgings, free forgings and medium and small die forgings of various types of high-temperature alloys, titanium alloys, aluminum alloys, magnesium alloys, heat-resistant steels, stainless steels, alloy steels, and carbon steels.
Products are used in aviation, aerospace, ships, energy power stations, wind power, petrochemicals, and construction machinery.
In this IPO, WXPK intends to invest 758 million yuan of funds raised in aero-engine and gas turbine hot-end special alloy materials and components construction projects, R&D center construction projects and supplementary working capital.
Since WXPK entered the aviation, aerospace, and military industries in 2013, it has always adhered to the business philosophy of "coordinated development of military and civilian products, and key breakthroughs in high-end areas". While ensuring the steady growth of civilian products, it has focused on military products. Struggling, it has become one of the few high-tech enterprises in China that can supply ring forgings in high-end fields such as aviation, aerospace, and ships.
In the aviation field, the company's products have covered multiple types of aero engines in service and in the research phase;
In the aerospace field, the company has participated in the development and supporting of the Long March series and the expedition upper stage series of carrier rockets and multiple types of missiles;
In the field of ships, a certain type of gas turbine that the company participated in has been installed on some naval ships.
After years of painstaking development, WXPK's R&D capabilities, production management, quality control, and timely product delivery capabilities have been widely recognized by customers. The company has entered China Aviation Development Group, Aerospace Science and Technology Group, Aerospace Science and Industry Group, Aviation Industry Group, Shanghai Electric, Dongfang Electric, Harbin Electric Group, China Shipbuilding Industry Corporation, China Shipbuilding Group, Shuangliang Group, Morimatsu Industry, Zhenhua Group, The supply chain systems of leading domestic companies in various fields such as Sinopec, Wuxi Chemical Equipment, China Railway Industry and their subsidiaries have passed the supply chain system certification of international high-end equipment manufacturers such as Rolls-Royce in the United Kingdom, Mitsubishi Electric in Japan, and Siemens in Germany. Many large-scale high-quality customers have formed a solid business partnership.
Pay attention to the research and development of independent innovation technology
Undertake large aircraft materials special projects and other projects
WXPK's main products cover various metal forgings such as rolled ring forgings, free forgings, precision die forgings, etc., which can be used in aerospace, aerospace, shipbuilding, electric power, petrochemical and other various machinery industries. The company has a complete forging manufacturing process including forging process, heat treatment process, machining process, performance testing, etc. It can process ordinary carbon steel, alloy steel, stainless steel and special alloys such as high temperature alloys, aluminum alloys, titanium alloys, and magnesium alloys. It has the ability to undertake various types of businesses such as cross-industry, multiple specifications, large, medium and small batches.