北交所新股天工股份开启申购，钛产品“小巨人”机构认可度较高

Group 1: Company Overview - Jiangsu Tiangong Technology Co., Ltd. (Tiangong Co.) specializes in the research, production, and sales of titanium and titanium alloy materials, recognized as a national-level "little giant" enterprise for specialized and innovative companies [2][4] - The company has experienced explosive growth in recent years, particularly benefiting from increased demand for titanium and titanium alloy wire in the consumer electronics sector, with a revenue of 1.035 billion yuan in 2023, a year-on-year increase of 170.05% [2] Group 2: Financial Performance - In 2023, Tiangong Co. reported a net profit attributable to shareholders of 170 million yuan, up 142.57% year-on-year [2] - However, a projected revenue decline of 22.59% to 801 million yuan in 2024 is anticipated, with a slight net profit increase of 1.57% to 172 million yuan [2] Group 3: Fundraising and Investment Projects - The company plans to raise funds for projects aimed at increasing production capacity and enhancing product quality, including a project to build a production line for 3,000 tons of high-end titanium and titanium alloy rods and wires [3] - Strategic placement of 18 million shares, accounting for 30% of the total issuance, has been secured by leading securities firms, indicating strong institutional confidence in the company's long-term prospects [3] Group 4: Market Position and Future Outlook - Tiangong Co. is transitioning from rough processing to precision and deep processing of titanium and titanium alloy products, expanding into emerging markets such as consumer electronics and 3D printing [4] - The company is expected to enhance its industry penetration due to its technological and brand advantages, suggesting a positive outlook for future growth [4]