On September 1, CZTS Special Alloy Pipe Technology Group was officially listed on the Shenzhen Stock Exchange.
CZTS is mainly engaged in the production, research and development and sales of seamless steel pipes for various types of industrial energy equipment. The products are mainly used in power station boiler equipment manufacturing, petroleum refining and other industries. In this IPO, CZTS intends to use the 312 million yuan raised funds for new special equipment stainless steel and alloy steel seamless steel pipe manufacturing projects and to supplement working capital.
From 2017 to 2019, the operating income of CZTS was 761 million yuan, 874 million yuan, and 905 million yuan respectively;
Keep up with the trend and develop cutting-edge products
In recent years, the company has successively developed ASMESA-213T series of small-diameter alloy seamless steel pipes, a full range of optimized internally threaded seamless steel pipes, T91 alloy steel pipes, T92 alloy steel pipes, TP347H and TP347HFG high-performance stainless steel for ultra-supercritical boiler units. New products such as seam steel pipes have been tested and evaluated by the National Iron and Steel Product Quality Supervision and Inspection Center, the Materials Research Institute of Dongfang Boiler Co., Ltd. and the Materials Research Institute of Harbin Boiler Factory Co., Ltd., and their technical performance indicators have reached the level of similar foreign products.
High-performance stainless steel seamless steel pipes for ultra-supercritical units belong to the national “Twelfth Five-Year” science and technology development plan and the key development projects of the national energy-saving technology industry policy. It is the key construction direction of China’s future development of thermal power units, and it is also a clean and efficient use of coal resources. The focus of development. CZTS has established a project, and the next step is to develop high-end products such as Super304H, HR3C high-grade stainless steel and high-temperature nickel-based alloy seamless pipes.
Alloy steel seamless steel pipe revenue accounted for more than 60% for 3 consecutive years
The seamless steel pipes produced by CZTS are classified according to their materials, mainly including alloy steel pipes, stainless steel pipes and carbon steel pipes; the outer diameter of the product covers 16mm-159mm, and the length covers various models of 6m-18m.
The carbon steel pipes produced by the company are currently mainly used in the petroleum refining and chemical industry and the power station boiler equipment manufacturing industry; alloy steel pipes are currently mainly used in the power station boiler equipment manufacturing industry; stainless steel pipes are currently mainly used in the power station boiler equipment manufacturing and petroleum refining and chemical industries. CZTS has an actual production capacity of approximately 86,000 tons of carbon steel and alloy steel seamless pipes, and an actual production capacity of approximately 7,000 tons of stainless steel seamless pipes.
According to data from the Steel Pipe Branch of the China Steel Structure Association, the output of seamless steel pipes for small-caliber high-pressure boilers produced by CZTS ranked second in the domestic industry for two consecutive years in 2017 and 2018; it ranked the top three in 2019.