GATD(SH:688239)2023-11-16 10:42Group 1: Production Capacity and Management - The actual utilization rate of the Deyang production line reached 63% from January to September 2023, with plans to enhance production management to achieve full capacity [1] - The Deyang production line has a higher degree of automation compared to the Guiyang line, leading to reduced labor costs and improved product quality and precision [3] Group 2: Market Competition and Positioning - The domestic aerospace ring forging market is primarily dominated by three companies: Hangyu Technology, AVIC Heavy Machinery, and Parker Hannifin [1] - Future market share changes will depend on multiple factors including quality, price, service, and delivery time from various enterprises [1] Group 3: Financial Performance and Costs - The gross margin for overseas business is approximately 20% [1] - The company accrued about 70 million yuan in stock incentive expenses in the first three quarters [2] Group 4: Inventory and Raw Materials - The decrease in inventory is attributed to improved inventory management and consumption of raw materials [2] - Main raw materials include high-temperature alloys and titanium alloys, sourced from suppliers like Fushun Special Steel and Western Superconducting [2]