TIANSHENG(SZ:300169)2022-12-03 10:08Group 1: Company Overview - Tian Sheng New Materials Co., Ltd. focuses on innovation in polymer materials, entering fields such as wind power generation and rail transportation [2] - The company is involved in the development of new materials, including optical adhesive tapes and components for the electronic industry and new energy vehicles [2] Group 2: Joint Ventures and Collaborations - Tian Sheng New Materials established a joint venture with China Railway High-tech Industry Co., Ltd. in January 2018, holding a 45% stake with a registered capital of 90 million yuan [3] - The joint venture specializes in the production of urban rail transit vehicles, which are characterized by low cost, short construction periods, and low noise, making them suitable for urban development [3] Group 3: Market Position and Future Plans - The company plans to expand its focus on core components in the rail transportation sector while maintaining stable profitability across its subsidiaries [4] - Tian Sheng aims to transition from traditional research and manufacturing of new materials to modern intelligent manufacturing and services [4] Group 4: Product Development - The company has developed self-researched polyimide foam insulation materials, filling a gap in the domestic market, with applications in aerospace, new energy vehicles, lithium batteries, and military vessels [5] - The production capacity of polyimide materials is designed to meet customer demand, with ongoing efforts to expand applications in new fields [5] Group 5: Financial Activities - Tian Sheng Securities primarily operates overseas bond issuance projects and has successfully issued multiple overseas debt projects [5]