Jinggong Technology(SZ:002006)2022-12-08 01:17Company Overview - Zhejiang Jinggong Technology Co., Ltd. was established in 1992 and completed its restructuring in September 2000. It was listed on the Shenzhen Stock Exchange in June 2004 [3] - The company primarily engages in the research, development, production, and sales of specialized equipment for construction materials, light textiles, and photovoltaic applications [3] - Market shares: 45% for construction materials equipment and 65% for light textile equipment [3] Carbon Fiber Production Line - The first 1,000-ton carbon fiber production line is currently in assembly and testing, with a delivery scheduled for the end of December 2015 [4] - The production line will utilize 12K and 24K precursor materials, achieving T800 grade carbon fiber quality [4] - The market price for the production line is approximately 260 million RMB (including tax), while imported lines are around 400 million RMB [4] Financial Projections - The company forecasts a net profit of 15 million to 20 million RMB for the year 2015 [4] - The price of domestic 12K precursor is between 25,000 to 30,000 RMB per ton, and 24K is about 25,000 RMB per ton [5] - The selling price for ordinary carbon fiber is approximately 110,000 to 125,000 RMB per ton, with T700 priced at around 220,000 RMB per ton [5] Market Dynamics - The carbon fiber market is influenced by upstream precursor quality and costs, as well as downstream application demands [5] - Major global carbon fiber producers include Toray, Dongfang, and Mitsubishi, while domestic competitors include Zhongfu Shenying and Jiangsu Hengshen [4] Investor Relations - The investor relations activity took place on December 3, 2015, with participation from various funds and securities firms [2][3]