中天火箭(003009) - 中天火箭调研活动信息

Group 1: Company Overview - The company is known as Zhongtian Rocket Technology Co., Ltd. with stock code 003009 and bond code 127071 [1][2]. Group 2: Investor Relations Activity - The investor relations activity was recorded on September 1, 2023, at 16:00 in the company's third-floor conference room [2]. - The meeting included key personnel such as the Deputy General Manager and Secretary of the Board, Ning Xinghua, and other department heads [2]. Group 3: Product Applications and Market Insights - The company's carbon/thermal field materials are primarily used in the photovoltaic sector and in components for solid rocket engines, with limited applications in aircraft carbon brake discs [2][3]. - The gross margin for carbon/thermal field materials decreased from 33% in 2019 to 4.99% in the first half of 2023, attributed mainly to intensified market competition leading to price reductions [2]. Group 4: Rain-Inducing Rocket Equipment - The supporting equipment for rain-inducing rockets includes launch platforms, launch vehicles, command operation systems, and ammunition management systems, with sales tailored to customer needs [3]. - The price of the launch platform for rain-inducing rockets ranges from 40,000 to 90,000 yuan per unit, depending on the model [3]. - The main model of the rain-inducing rocket, WR-98, is priced around 3,000 yuan, with minimal price variation [3]. Group 5: Market Expansion and Business Transformation - The company has initiated international sales of rain-inducing rocket products and is accelerating its market expansion plans [3]. - The transition of Sanwo Electromechanical's intelligent weighing business to non-site law enforcement has not led to a significant revenue decline, maintaining stable operational performance [3]. - The company’s civil products include rain-inducing rockets, carbon/thermal field materials, and non-site law enforcement systems, along with fire extinguishing projectiles and high-performance carbon/ceramic composite products [3].