longda(SH:688231)2024-10-08 09:08Group 1: Company Overview - Jiangsu Longda Superalloy Co., Ltd. specializes in the research, production, and sales of high-temperature alloys and alloy materials [1] - The company's high-temperature alloy business includes casting and deformation alloys, widely applied in aerospace, energy, petrochemical, shipping, and automotive industries [1] Group 2: Financial Performance - As of June 30, 2024, the company achieved operating revenue of ¥716,292,870.83, a year-on-year increase of 21.04% [1] - Revenue from high-temperature alloy products reached ¥475,025,663.37, reflecting a growth of 41.98% compared to the same period last year [1] - The net profit attributable to shareholders was ¥45,912,401.61, a decrease of 20.26% year-on-year; however, the net profit excluding non-recurring gains and losses was ¥38,917,674.54, an increase of 10.33% [1] - After excluding share payment expenses, the net profit attributable to shareholders was ¥67,611,439.11, showing a year-on-year growth of 17.42% [1] Group 3: Production Capacity and Market Outlook - As of the end of 2023, the total production capacity for high-temperature corrosion-resistant alloys was 8,000 tons, with 3,000 tons for casting alloys and 5,000 tons for deformation alloys [2] - By the end of 2024, the company expects to achieve an annual production capacity of 5,000 tons for casting superalloy mother alloys and 8,000 tons for deformation superalloys [2] - The company maintains a cautiously optimistic outlook for revenue growth in the second half of the year, influenced by the delivery rhythm of downstream customers [2] Group 4: International Market Expansion - The company has established strong relationships with international clients and has successfully entered the supply chains of several well-known international aerospace companies [2] - A wholly-owned subsidiary in Singapore was registered on June 16, 2024, and preparations for a production base in Malaysia are underway [2] - The company aims to enhance its market share in high-temperature alloys for aerospace and gas turbine components [2]