KING-STRONG(SZ:300629)2022-12-06 05:14Group 1: Company Overview - Guangdong Xinjingang New Materials Technology Co., Ltd. is focused on the development of metal-based composite materials [2][3]. - The company has established a comprehensive R&D team with expertise in various materials, ensuring efficient collaboration and innovation [7][8]. Group 2: Market Expansion - The company has made significant progress in the Turkish market, achieving revenues of 9.87 million and 24.43 million in recent years [5]. - Sales revenue from overseas customers has shown consistent growth, with figures of 67.13 million, 98.58 million, and 124.99 million in the last three years, accounting for 26.94%, 40.57%, and 51.16% of total revenue respectively [5]. Group 3: Product Development - Key products include lightweight high-strength composite materials, electromagnetic wave absorption materials, anti-corrosion and static electricity protection materials, and thermal barrier coatings [6][9]. - The company is currently in the testing phase for several products, aiming to enhance their applications in aerospace and military sectors [9][10]. Group 4: Financial Performance - In 2016, the subsidiary Kantawei contributed 4.69% to the total revenue and 13.04% to the total profit of the company [9]. - In the first quarter of 2017, Kantawei's revenue accounted for 4.1% of total revenue, with profit contribution rising to 19.4% [9]. Group 5: Strategic Goals - The company aims to maintain its leading position in the metal-based superhard materials industry while expanding its market share in construction ceramics and high-end precision processing materials [10][11]. - Future strategies include focusing on the industrialization of metal-based wear-resistant materials and promoting military applications of their products [11].