Tiangong Co., Ltd.: Outstanding performance demonstrates strength, and has broad prospects and potential

In today's rapidly developing new material industry, Jiangsu Tiangong Science and Technology Co., Ltd. (hereinafter referred to as "Tiangong Co., Ltd."), with its profound R & D strength and excellent product quality, is steadily walking in the forefront of titanium and titanium alloy materials. As a national specialized and special new "Little Giant" enterprise, Tiangong shares is actively applying for listing on the North Stock Exchange, and its business covers the R & D, production and sales of titanium and titanium alloy materials. it is committed to creating titanium production enterprises with strong technological innovation and high product quality.

The performance increased significantly during the reporting period, and the titanium market has a broad prospect. The prospectus shows that Tiangong shares have achieved rapid growth in operating income and net profit in the past three years. From 2021 to 2023, the company's operating income was 283 million yuan, 383 million yuan and 1.035 billion yuan respectively, with year-on-year growth rates of 55.23%, 35.65% and 170.05%, respectively. In the same period, the company's return net profit is 20.343 million yuan, 70.307 million yuan and 170 million yuan respectively, the growth trend is also significant. With the continuous upgrading of consumer electronic products, the demand for high-performance and lightweight materials is increasing day by day. Therefore, the growth potential of Tiangong shares can not be underestimated. Many institutions are also optimistic about the development prospect of titanium market for consumer electronics in the future, and China Merchants Securities predicts that the consumption of titanium in the consumer electronics field will reach 31000 tons in 2025. Tiangong's titanium and titanium alloy materials will be widely used in smart phones, wearable devices and other consumer electronic products because of their excellent properties. For example, Apple's launch of the Apple Watch Ultra series smartwatch with a titanium dial and case, the iPhone 15 Pro series smartphone with a titanium frame, and the upcoming iPhone 16 series with continued use of titanium alloy and color matching all indicate the broad application prospect of titanium in the field of consumer electronics. After long-term ploughing in the field of titanium, the main business of Tiangong Co., Ltd. driven by technological innovation is the research and development, production and sales of titanium and titanium alloy materials. During the reporting period, the main business income was 263.146 million yuan, 362.5269 million yuan and 965.9872 million yuan respectively, accounting for more than 93% of business income, with a compound growth rate of 91.59%. Net profit also increased by leaps and bounds from 20.3432 million yuan in 2021 to 175 million yuan in 2023. This achievement is due to Tiangong Co., Ltd. for many years of deep cultivation of titanium and titanium alloy industry, with a strong product innovation and research and development capabilities, sound production organization and management capabilities, professional technical capabilities and accumulated a good brand image and high-quality customer resources, formed a high brand awareness. At the same time, with its deep accumulation in the field of titanium, Tiangong continues to promote technological innovation and product upgrading, through advanced proportioning, melting, forging and finishing technology to transform the raw material titanium sponge into products that can maximize the technical properties of titanium and titanium alloy materials. In the future, titanium and titanium alloy materials industry still has huge market potential and broad development space in the fields of chemical energy, aerospace, consumer electronics and so on. Tiangong Co., Ltd. will also continue to strengthen its research and development capabilities, so that titanium products to achieve diversification, close to the forefront of the consumer market, seize the development opportunity of high-end titanium market.