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高温合金行业动态研究之二:海外两机需求爆发,铬盐、高温合金及零部件迎来机遇
Guohai Securities·2025-07-15 09:18

Investment Rating - The report maintains a "Recommended" rating for the high-temperature alloy industry [1][19]. Core Insights - The demand for gas turbines and aircraft engines is surging, driven by increased orders from major manufacturers, which is expected to boost the demand for chromium salts, high-temperature alloys, and components [7][18]. - The domestic supply chain for high-temperature alloys is anticipated to benefit significantly from the ongoing demand surge, with Chinese companies positioned to capture opportunities in the international market [17][19]. Recent Trends - The high-temperature alloy industry has seen a robust performance, with a notable increase in orders for gas turbines and aircraft engines, reflecting a strong market outlook [7][18]. - The report highlights that the global gas turbine market is experiencing a significant expansion, with major players like Siemens Energy and GE Vernova reporting record-high order volumes [9][10][11]. Key Companies and Profit Forecasts - The report identifies several key companies to watch, including Zhenhua Co., Longda Co., Hangya Technology, Yingliu Co., Wanze Co., Hangyu Technology, Parker New Materials, and Sry New Materials, all of which are expected to benefit from the rising demand in the high-temperature alloy sector [7][17][21]. - Profit forecasts for these companies indicate a positive growth trajectory, with expected increases in earnings per share (EPS) and price-to-earnings (PE) ratios over the next few years [21].