BAOTI(SH:600456) Shan Xi Ri Bao·2025-10-10 00:48Core Insights - The article highlights the strong growth and innovation in the titanium industry in Shaanxi Province, particularly through the efforts of Baotai Group, which has become a leader in titanium production and processing [1][2][3]. Industry Overview - Shaanxi's titanium production and processing volume is expected to reach nearly 70,000 tons in 2024, with an annual output value exceeding 60 billion yuan, accounting for 65% of China's total and 33% of global production [1]. - Baotai Group has made significant advancements in smelting, processing, and manufacturing equipment, driving technological progress and high-quality development in the province's titanium industry [1]. Product Development - Baotai Group has expanded its product offerings, with over 200 types of consumer titanium products now available, and has made breakthroughs in key technologies for deep-sea submersible components [2][3]. - The company is actively developing new applications in emerging fields such as renewable energy, consumer electronics, and medical devices, enhancing its market share in high-end titanium products [3]. Technological Advancements - Baotai Group has established the first domestically designed and developed hot continuous rolling production line for titanium and titanium alloys, capable of producing high-value rod and wire products [4]. - The company has achieved significant breakthroughs in the production of Hastelloy alloy, a high-end nickel-based alloy, which has historically been reliant on imports [5]. Innovation and Efficiency - The establishment of innovation studios within Baotai Group has improved production efficiency and fostered a culture of innovation among employees, leading to substantial cost savings [6]. - The company has maintained its position as the world's largest producer of titanium products since 2021, despite facing challenges such as market adjustments and raw material price fluctuations [7]. Market Impact - Baotai Group's growth has spurred the establishment of over 600 titanium processing and trading enterprises in Baoji, producing more than 300 types and over 5,000 specifications of titanium products for various industries [7].