金钛股份北交所IPO过会，公司核心竞争力的具体体现等遭追问

Group 1 - The core viewpoint of the article is that Chaoyang Jinda Titanium Industry Co., Ltd. (referred to as "Jin Titanium") has successfully passed the IPO review by the Beijing Stock Exchange, aiming to raise approximately 405 million yuan [1][1][1] - Jin Titanium specializes in the research, production, and sales of sponge titanium products and is recognized as a high-tech enterprise [1][1][1] - The company’s IPO was accepted on December 31, 2024, and it entered the inquiry phase on January 22, 2025 [1][1][1] Group 2 - The listing committee requested Jin Titanium to explain the high entry barriers in the sponge titanium production industry, as well as the specific manifestation of the company's core competitiveness [1][1][1] - The company is required to clarify the fairness and reasonableness of its related sales to Northwest Institute and its controlled enterprises, particularly in terms of pricing mechanisms, credit policies, payment cycles, and settlement methods [1][1][1] - Jin Titanium must also demonstrate its comparative advantages in maintaining stable cooperation with major clients compared to similar companies and competitors [1][1][1]