Chinese special alloy material and precision component manufacturer SZGD alloy material technology group released the first half of 2020 performance forecast: the first half of this year is expected to profit 85 million to 92 million yuan, the same period last year profit of 66.675 million yuan, an increase of 27.48% year-on-year to 37.98 %.
The announcement shows that the reasons for the change in performance:
The field of new energy wind power and rail transportation is supported by the country's macro-policy. The industry is booming and the company's orders are full.
The first phase of the company's ultra-large casting and forging technical transformation project (annual production capacity of 100,000 tons in the first phase) was put into trial production in the second quarter, and the production capacity of large-scale offshore wind power parts and components was greatly increased to ensure the demand for order production.
The product structure strategy was adjusted, and the company's overall gross profit margin increased: In the first half of 2020, the revenue of precision machinery parts with higher gross profit margin increased significantly compared with the same period of last year, and the proportion of revenue from mold steel products with lower gross profit margin declined.
The main business of SZGD is the research and development, production and sales of special steel materials. The existing main products include gear steel, die steel and precision mechanical parts, high-temperature alloys and other special alloy fields.
The company's products are mainly used in high-end equipment manufacturing such as new energy wind power, rail transit, mechanical equipment, military equipment, aerospace, nuclear power, ocean petrochemical, semiconductor chip equipment and so on.