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营收净利双增,金天钛业上市后首份年报出炉

Core Viewpoint - Jin Tian Titanium Industry (688750.SH) has released its first annual report post-IPO, showing stable growth in revenue and net profit, alongside a strategic focus on high-end titanium materials and expanding into aerospace and marine markets [1][10]. Financial Performance - In 2024, the company achieved operating revenue of 808 million yuan, a year-on-year increase of 0.91% - The net profit attributable to shareholders was 152 million yuan, reflecting a growth of 3.04% - The gross margin for the main business reached 38.85%, up by 4.4 percentage points from 2023 - The company plans to distribute a cash dividend of 0.84 yuan per share, totaling 38.85 million yuan [1]. Market Position and Product Focus - Jin Tian Titanium Industry specializes in the R&D, production, and sales of high-end titanium and titanium alloy materials, with key products including titanium and titanium alloy bars, forgings, and components [3]. - The company ranks third in market share within the high-end titanium alloy sector, following Western Superconducting and BaoTi [3]. Strategic Development - The company is actively engaging with national major equipment demands, participating in the development of models in aerospace and aviation [4]. - Jin Tian Titanium has successfully developed over 10 new product grades, meeting the needs of more than 40 model equipment during the reporting period [4]. Expansion into New Markets - Jin Tian Titanium is expanding into marine and civil aviation sectors, successfully delivering titanium alloy gas cylinders and securing various product orders [5]. - The company is making progress in the domestic large aircraft project and is steadily advancing in the international aviation market [5]. R&D Investment and Innovation - In 2024, the company invested 52.78 million yuan in R&D, an increase of 8.56% year-on-year, with a R&D expense ratio of 6.53% [8]. - The company has a dedicated R&D team of 75 members, applying for 15 invention patents and participating in the formulation of industry and national standards [9]. Capacity Expansion and Future Outlook - The company’s production capacity has reached 5,000 tons per year, with ongoing projects expected to add 3,000 tons per year, representing a 60% increase in capacity [11]. - The growth in capacity is anticipated to support future business expansion and performance growth, driven by a dual focus on technology and market demand [10].