WMM(SZ:002149)2022-11-22 03:06Group 1: Company Overview and Investor Relations - The company is West Metal Materials Co., Ltd., with stock code 002149 [1] - The investor relations activity was conducted on June 10, 2021, at the company's conference room [1] - Participants included representatives from Tianfeng Securities, Guotai Fund, and Xinye Fund [1] Group 2: Impact of Raw Material Prices and Military Product Pricing - The company has stable gross margins for military products due to mature production and technology processes, but there is significant room for improvement [1] - Future improvements will focus on technical upgrades, process enhancements, and large-scale production planning [1] Group 3: Progress of Fundraising Projects - As of November 2020, the company completed the bidding for major core equipment, including large electric arc furnaces [2] - The new factory construction began in March 2021 and is progressing smoothly, with an expected production capacity of 3,000 tons of titanium military products by the end of the year [2] Group 4: Nuclear Power Applications and Revenue - The company’s subsidiary, Xino, supplies nuclear control rods and components made from stainless steel and nickel-based alloys, breaking foreign monopolies [2] - Xino has supplied control rods for over 30 nuclear reactor units, with significant growth expected as new nuclear projects are approved and existing units enter replacement cycles starting around 2022 [2] Group 5: Civilian Product Market Performance - The civilian market for high-end titanium and zirconium materials is performing well, with increased demand noted [2] - The subsidiary Tianli has reported a full order book for the year [2]