Core Viewpoint - Xigong Titanium has completed its IPO guidance filing with the Shaanxi Securities Regulatory Bureau, marking its entry into the capital market preparation phase, supported by Guojin Securities [2] Group 1: Company Overview - Xigong Titanium, a national-level specialized "little giant" with a registered capital exceeding 500 million, is positioned in the leading titanium industry cluster in Baoji, Shaanxi Province [2] - The company has transitioned from traditional processing to high-end fields such as high-temperature alloys, attracting significant interest from state-owned capital and industrial investment funds [2][4] - Xigong Titanium has established an annual production capacity of 5,000 tons for large-diameter, high-performance titanium alloy bars and rings, covering over 50 product models with a market share exceeding 30% [4][5] Group 2: Market Dynamics - The titanium industry is experiencing a new growth cycle, driven by increasing demand in aerospace, military, and consumer electronics sectors, with major companies like Apple and Samsung incorporating titanium alloys into their products [7] - The demand for titanium materials is expected to rise significantly, with projections indicating that titanium demand from military aircraft production will reach approximately 12,000 tons by 2025, and civil aircraft titanium usage will exceed 6,200 tons by 2027, reflecting a compound annual growth rate of 68.5% from 2024 to 2027 [7] Group 3: Investment and Financing - Xigong Titanium's IPO financing is anticipated to focus on capacity expansion to meet growing downstream orders, particularly in light of the C919 aircraft's mass production [5][7] - Various state-owned and industrial investment institutions have shown interest in Xigong Titanium, indicating strong market confidence in the high-end titanium alloy sector, which is crucial for national aerospace applications [5][8] - The company is expected to leverage capital for mergers and acquisitions, enhancing its technological commercialization and operational stability in the industry cycle [9]