ToLand(SZ:300855)2022-11-22 02:58Company Overview - Jiangsu Tunan Alloy Co., Ltd. specializes in the research, production, and sales of high-performance alloy materials, including high-temperature alloys and special stainless steels [1] - The company has established a complete industrial chain production process, including special smelting, forging, hot rolling, and casting [1] Financial Performance - The gross profit margin for cast high-temperature alloys is relatively high, indicating a strong profitability in this product segment [2] - In 2020, direct labor costs accounted for 5.62% of the main business costs [3] Investment and Production Capacity - The company is currently accelerating the construction of fundraising investment projects, with some equipment procurement already confirmed [2] - The production capacity utilization rate for the front-end vacuum melting process is high, while there is slight surplus capacity in the back-end deformation and processing processes [2] Product Differentiation and Market Position - The company’s products differ from competitors like Steel Research High-tech and Fushun Special Steel mainly in application fields and product structure [2] - Tunan Alloy has successfully entered the military manufacturing sector and obtained military industry access qualifications in 2007 [3] Research and Development - The company has seen significant growth in R&D expenses, focusing on various projects including national and provincial initiatives [3] - Collaborations with renowned universities and research institutes are ongoing to enhance R&D capabilities [3] Export and Application Fields - The main export products are deformation high-temperature alloy materials, primarily exported to South Korea [3] - Civilian products are mainly used in gas turbines, nuclear power, and petrochemical industries [3]