GATD(688239)2024-01-10 07:34Business Overview - Main customers include domestic clients such as China Aero Engine Group and international clients like GE and RR [1] - Products are applied in aerospace engines, rockets, gas turbines, new energy cathode rollers, deep-sea submersibles, and nuclear power [1] - Main raw materials are high-temperature alloys and titanium alloys, supplied by companies like Fushun Special Steel and Baoji Titanium Industry [1] Order and Market Expansion - As of Q3 2023, the company has orders worth 2.314 billion yuan, with a recent new order of nearly 30 million yuan signed in early 2024 [2] - Overseas business growth is driven by the recovery of the aviation industry and successful signing of new long-term agreements [2] - Foreign trade business is expected to maintain strong growth due to high demand [2] Production and Capacity - The Deyang production line achieved a capacity utilization rate of 63% from January to September 2023, with efforts to improve production management [2] - The Deyang line has higher automation, reducing labor costs and improving product quality and precision [2] - Upon reaching full capacity, the Deyang line is expected to generate 1-1.5 billion yuan in output value, with flexibility based on product mix [2] Strategic Partnerships and Applications - The company is a core supplier for Aero Engine Corporation of China, involved in the development of CJ1000/2000 series [2] - Gas turbine products are mainly used in ships and power generation, with clients including Harbin Electric and Dongfang Electric [2] Financial and Project Updates - The company has disclosed the second round of inquiries regarding its convertible bonds, with further updates to be announced [2]