Jinggong Technology(002006)2022-12-08 01:31Company Overview - Zhejiang Jinggong Technology Co., Ltd. was established in 1992 and completed its restructuring in 2000. It was listed on the Shenzhen Stock Exchange in June 2004 [2]. - The company primarily engages in the research, development, production, and sales of specialized equipment for construction materials, light textiles, and photovoltaic applications [3]. Financial Performance - In 2014, the company divested its polysilicon and automotive businesses, leading to a turnaround in profitability [3]. - The projected net profit for 2015 is estimated to be between CNY 15 million and CNY 20 million [3]. Key Projects - The carbon fiber production line is a major project for 2015, initiated in 2013, and is progressing as planned. The first production line is expected to be delivered by the end of December 2015 [3]. - The production line is designed to have an annual capacity of over 1,000 tons of carbon fiber, utilizing high-quality equipment from suppliers in Germany and Italy [3]. Market Analysis - Currently, over 50% of global carbon fiber production capacity is concentrated in Japan and the United States, while domestic consumption ranks second after the U.S. and Western Europe [4]. - The carbon fiber production line is expected to have significant market potential due to strong domestic demand [4].