GATD(688239)2024-03-22 09:12Group 1: Company Overview - The main application areas of the company's products include aerospace engines, space rockets, gas turbines, new energy cathodes, underwater submersibles, and nuclear power [1] - As of the end of Q3 2023, the company has an order backlog of 2.314 billion yuan, indicating sufficient orders [1] Group 2: Raw Materials and Suppliers - The primary raw materials are high-temperature alloys and titanium alloys, with major suppliers including Fushun Steel, Longda, Daye Special Steel, and others [2] - The company has established long-term agreements with multiple aviation clients, including Safran, Pratt & Whitney, and Rolls-Royce, with contract durations ranging from 3 to 7 years [2] Group 3: Production Capacity and Revenue - The production capacity of the Guiyang headquarters is approximately 1.5 billion yuan when fully operational [2] - In 2023, overseas revenue accounted for over 30% of total revenue, with expectations to increase to around 40% in the future [2] Group 4: Market and Competition - The company collaborates with major international aerospace engine manufacturers, including GE, Pratt & Whitney, and Safran, while facing competition from PCC, Carlton, Doncasters, HWM, and FRISA [2] - The foreign trade sector is experiencing strong demand, with expectations for continued high growth [2]