Antai Technology: Several projects have been put into production

The company is mainly engaged in the research and development, production and sales of advanced metal materials and products. The products mainly include three categories: super hard and difficult material products, metal functional materials and fine metal products. Among them, super hard and hard materials are the main income of the company. And the source of profits. China Steel Research Group, the controlling shareholder of the company, is a giant in China's material science research field and will continue to occupy a leading position in the material field in the future. The company's super-hard and difficult materials mainly include diamond saw blades, high-speed tool steels and insoluble materials. The original capacity of the diamond saw blade is 560 tons. The “high-grade polycrystalline diamond material and high-grade professional diamond tool industrialization project” invested by non-directional investment in 2006 has been completed and successfully transferred. It is expected to be completed in 2-3 years. It is estimated that the annual production income will be 38.027 million yuan; the original production capacity of high-speed tool steel will be 15,000 tons. After expansion, it will have an annual production capacity of 40,000 tons of high-speed tool steel and 200 tons of powder high-speed steel. At present, 40,000 tons of high-speed tool steel has been Basically complete the construction and investment of the new district, which will be fully put into operation in 2011 ; the refractory material project is the company's high-quality project. The high-performance refractory material project scheduled for 2006 was put into operation in October 2009. It is estimated that the annual profit after tax will be realized. 286.19 million yuan.   The metal functional material plate includes two parts of an amorphous material and a rare earth permanent magnet material. In 2006, the first phase of the “10,000-tonne amorphous strip and product project” project was transferred to production. The second phase of 30,000 tons was completed in April 2010 and officially changed. The annual profit after tax is 28.261 million yuan; the company currently has a total capacity of 1200 tons of sintered and bonded rare earth permanent magnets. In the first half of 2010, the company started the expansion of the rare earth permanent magnet production workshop in the Airport Industrial Park. "With a construction period of one year, 1,000 tons of sintered NdFeB production capacity will be added after the project is put into production. The project is currently undergoing bidding and procurement of equipment. The fine metal products segment mainly consists of three types of products: welding materials, special alloys and powder metallurgy materials. In 2008, the company invested in a new production base of flux-cored wire and special welding consumables with a capacity of 10,600 tons, and realized a larger-scale industrialization of the flux-cored wire project, with a production capacity of 26,000 tons, which enabled the company to form a complete welding material production. Base, the current domestic production share reached 15-20%, ranking second; special alloy precision strip is the company's 2009 convertible bond project, is expected to be completed and put into production by the end of 2010, the first year of production of 50%, the second year of production 70%, the third year of full-scale production, the annual income of 29.42 million yuan; powder metallurgy project profitable, annual income of about 200 million yuan, creating a profit of 40 million. Amorphous strip is the biggest attraction in the future. Compared with traditional oriented silicon steel transformers, amorphous transformers have significant energy savings, and the no-load losses can be reduced by about 80%. At present, the company has carried out a large number of domestically developed amorphous iron cores and strips for adaptive development work, and has established cooperative relations with many other amorphous strip application units. The amorphous transformers produced and produced in accordance with national standards are gradually being put into use. market. With the increasing energy and increasing environmental pressure, with the continuous improvement of the domestic amorphous strip industry chain, the government will vigorously promote the promotion and application of amorphous transformers. The total demand for amorphous strips in China in 2009 About 25,000 tons, it is expected that after 4-5 years, market demand is expected to form about 200,000 tons. The company is the only manufacturer in the country, the second largest amorphous alloy material manufacturer in the world, and the market for amorphous ribbon driven by amorphous transformers has a broad market. Due to the variety of products of the company, and many projects have been successfully put into operation, especially the amorphous strip has a good market space, has achieved large-scale production, and the company is in a leading position, the company's 2011-2012 net profit compound growth rate is expected to be 40 About %, the corresponding P/E ratios in 2011 and 2012 are 68 times and 48 times respectively. The market outlook is worth watching!  

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