近日，宝鸡西工钛科技股份有限公司（以下简称"西工钛"）在陕西证监局完成首次公开募股 （IPO）辅导备案，辅导机构为国金证券股份有限公司。 这一进展标志着这家注册资本超5000千万元的国家级专精特新"小巨人"，正式步入资本市场的 预备阶段。 记者丨 凌晨 编辑丨巫燕玲 值得一提的是，在全球钛产业链中，陕西省宝鸡市钛产业规模已位居首位。2024年宝鸡钛材加 工量突破17万吨、消费量超15万吨，应用场景包括航空航天、海洋工程用钛、3C电子、生物 医疗等新兴领域。中国钛工业第一股宝钛股份便坐落于此。 如今，以西工钛为代表的新一代钛企崛起，其从传统加工向高温合金等高端领域的战略转型路 径，正吸引国有资本与产业投资基金的密集布局。 这一现象不仅折射出资本市场对钛产业高端化、精密化发展方向的坚定看好，也被视为观察钛 工业结构升级的重要案例。 "宝钛老将"二次创业 股权穿透显示， 西工钛的法定代表人与实控人均为吴玉常。而在公开信息中，吴玉常是经验 丰富的"宝钛老将" 。 吴玉常1981年进入宝钛集团，从生产一路干到销售、管理，十年车间主任的经历，在钛行业浸 泡了四十余年。 2000年后，他二次创业。他的创业路径很典型——依附 ...

Core Viewpoint - Xi'an Xigong Titanium Technology Co., Ltd. (referred to as "Xigong Titanium") has completed its IPO guidance filing with the Shaanxi Securities Regulatory Bureau, marking its entry into the preparatory stage for capital market access [1] Group 1: Company Overview - Xigong Titanium has a registered capital exceeding 500 million yuan and is recognized as a national-level specialized and innovative "little giant" [1] - 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 [1][2] - The legal representative and actual controller of Xigong Titanium is Wu Yuchang, a veteran in the titanium industry with over 40 years of experience [1] Group 2: Market Position and Strategy - Xigong Titanium has achieved an annual production capacity of 5,000 tons of large-diameter, high-performance titanium alloy bars and rings, covering over 50 product models with a market share exceeding 30% [2] - The company has entered the large-diameter bar industry by acquiring patented technology from the Institute of Metal Research, Chinese Academy of Sciences, focusing on high-temperature titanium alloys for aerospace applications [2][3] - The demand for high-end titanium materials is driven by the growth in the aerospace sector, including the production of the domestically manufactured C919 aircraft [4] Group 3: Investment and Growth Potential - Recent capital influx includes investments from various state-owned and industrial institutions, indicating strong market confidence in Xigong Titanium's growth potential in high-end titanium alloy materials [3][4] - The IPO fundraising is primarily aimed at expanding production capacity to meet increasing downstream orders, particularly in the aerospace and military sectors [4] - The titanium industry is entering a new growth cycle, with significant demand expected from both aerospace and consumer electronics sectors, projecting a compound annual growth rate of 68.5% for titanium used in civil aviation from 2024 to 2027 [4][6] Group 4: Competitive Landscape and Challenges - Xigong Titanium's differentiation in the large-diameter bar sector provides a competitive edge, but the company remains sensitive to changes in defense budgets and related industrial policies due to its focus on the aerospace sector [6] - The company faces ongoing competition from leading firms like BaoTi Co., Ltd. and West Materials, as well as challenges related to raw material price fluctuations and rapid technological advancements in the industry [6]