ToLand(300855)2024-08-21 01:17Group 1: Company 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 [2] - The company has established a complete industrial chain production process, including special smelting, forging, hot rolling, and casting [2] - Tunan is one of the few domestic companies capable of mass-producing both deformed high-temperature alloys and cast high-temperature alloys [2] Group 2: Financial Performance - In the first half of 2024, the sales revenue for cast high-temperature alloys reached CNY 279.29 million, accounting for 40.89% of the main business revenue [3] - The sales revenue for deformed high-temperature alloys was CNY 277.46 million, representing 40.62% of the main business revenue [3] - Other business revenue achieved CNY 48.35 million, a significant increase of 177.52% compared to the same period last year, primarily driven by processing fees from the Shenyang subsidiary [3] Group 3: Market Expansion - The company is focusing on expanding high-end civilian product customer resources and overseas markets [3] - Sales revenue from deformed high-temperature alloys in the petroleum, chemical, and energy sectors has increased in the first half of 2024 [3] - The sales revenue through the distribution model for deformed high-temperature alloys reached CNY 69.07 million, a growth of 32.41% year-on-year, driven by increased sales in the civilian sector [3] Group 4: Project Development - The Shenyang Tunan Intelligent Manufacturing Co., Ltd. construction project is still in the construction phase, with some production line equipment installed and accepted [4]