Jiangsu Toland Alloy Co.Ltd(300855) investor relations activity record
No. [2022] No. 001
□ specific object research □ analyst meeting
□ media interview ■ performance briefing
Investor relations activities □ press conference □ roadshow activities
category
□ site visit
□ others
Participants’ names and investors’ online questions
Personnel name
Time: 15:00-17:00 PM, Friday, April 29, 2022
Location company through panorama “investor relations interactive platform”（ https://ir.p5w.net. ）The performance presentation meeting shall be held by means of network remote
1. Jiangsu Toland Alloy Co.Ltd(300855) chairman and general manager: Wan Baifang
2. Jiangsu Toland Alloy Co.Ltd(300855) deputy general manager and chief financial officer: yuan Suojun
Receptionist of listed company 3. Secretary of Jiangsu Toland Alloy Co.Ltd(300855) board of directors: Wan Jie
Member name
4. Jiangsu Toland Alloy Co.Ltd(300855) independent director: Xue desi
5. Executive director and sponsor representative of Minsheng securities investment banking division: Mei Mingjun
The company held the 2021 annual performance presentation on panorama.com from 15:00 to 17:00 p.m. on Friday, April 29, 2022. This annual performance presentation was held remotely. The company replied to the questions raised by investors in this briefing meeting:
1. Driven by the dual carbon goal, China’s capital market pays more and more attention to ESG. What is the company’s view on ESG?
Hello, investor relations activity! The company attaches great importance to ESG and implements ESG into the company’s development strategy. The main content is to promote the sustainable development of the company. In terms of ecological and environmental protection, we are committed to promoting the company’s cleaner production and the establishment of green factories, actively respond to the national strategic requirements of “carbon peak and carbon neutralization”, adopt advanced processes and equipment for technological transformation and promote project construction, meet the requirements of relevant national industrial policies, improve pollution prevention and control measures, and ensure the emission of “three wastes” up to the standard, Reduce carbon emissions. The company also attaches great importance to its social responsibility. In 2022, the company will take into account economic and social benefits in the process of development, take the initiative to undertake social responsibility obligations, operate legally, pay taxes according to law, pay attention to environmental protection, be enthusiastic about public welfare, strengthen party construction, and effectively safeguard the legitimate rights and interests of shareholders, employees and customers
Rights and interests, so as to promote the coordinated and harmonious development of the company and society.
In terms of corporate governance, the company has established and continuously improved the corporate governance structure composed of the general meeting of shareholders, the board of directors, the board of supervisors and the management, established a sound internal control system, clarified the responsibilities between organizations and standardized operation. At the same time, the company has formulated a perfect salary management and promotion system to provide competitive salary for employees. The company continues to strengthen information disclosure, ensure the authenticity, accuracy and integrity of the disclosed information, actively carry out investor relations management, and protect the legitimate rights and interests of all shareholders and investors of the company. thank you!
2. How much capacity utilization can the company achieve at present?
Hello! At present, the capacity utilization rate of the front-end vacuum melting process and casting production line is high, and the capacity of the back-end deformation and processing process is surplus. In 2022, the project invested with raised funds will be completed and put into operation, and the production capacity will be greatly improved. thank you!
3. Has the company consolidated its anti risk ability in the future capital market, purchased mineral resources, acquired and merged from the moat of the enterprise?
Hello! The company has no such plan at present. thank you!
4. At present, the stock price of the secondary market fluctuates greatly. Does the company have any specific plans to maintain the market value, protect the shareholders’ rights and interests of small and medium-sized investors, and equity incentives in the later stage? Hello! The secondary market share price is affected by a variety of factors. At present, the macroeconomic situation, market environment, market trend and other factors outside China have indeed had a certain impact on the company’s short-term share price. At present, the company operates normally. The management will continue to pay attention to and do a good job in production and operation, strive to improve the profitability of the company, realize the stable and healthy development of the company, and strive to give back to every investor with better performance. thank you!
5. The company’s long-term planning, ambition and objectives, the company’s overall positioning, whether it can become an industry leader or a wind vane of the industry.
Hello! The company is deeply engaged in the field of advanced metal materials such as superalloys. It is committed to providing high-performance alloy materials and products to the manufacturing fields of military products such as aircraft, aeroengine, gas turbine, nuclear power and energy and high-end civil products. It always adheres to the research and development of new technologies and products, constantly expands the product chain and expands the market at home and abroad, We are determined to build a R & D and production base of high-performance alloy materials and their products at home and abroad, develop into a well-known enterprise in the industry at home and abroad with independent intellectual property rights and core competitiveness, and contribute to the development of China’s national defense, security, aerospace and other undertakings.
thank you!
6. Hello, chairman and leaders. How much impact will this epidemic have on the company’s production and operation and projects under construction? thank you
Hello! On the premise of doing a good job in epidemic prevention and control, the company overcomes the problems of logistics transportation and material procurement
The production and operation are normal at present; The impact on the project under construction is mainly the delay of shipment of some equipment. After recovery, the installation and commissioning of equipment will be accelerated. thank you!
7. In the superalloy industry, what are the main competitors of the company in China at present, and what is the gap between the company and its competitors?
Hello! China’s major superalloy enterprises have their own characteristics in products, and some products have differences in application fields and the structure of subdivided products. At present, there is a competition and cooperation relationship among Chinese enterprises, and there is less direct competition. Basically, they strive to achieve technological innovation, expand production capacity and meet market demand for common development. thank you!
8. Good leader, according to the orders currently in hand, what is the expected revenue target of the company’s superalloy in 2022? Thank you!
Hello! The first quarterly report of the company has disclosed that the sales revenue has increased by about 42%, and the growth trend of orders on hand and sales is good. In the future, the company will continue to increase R & D, accelerate project construction, continuously improve production capacity, implement cost reduction and efficiency increase, continuously improve enterprise value, and repay shareholders with good performance. thank you! 9. What achievements did the company make in R & D last year?
Hello! In 2021, focusing on the annual business plan and customer demand, the company continued to carry out product quality improvement, technology R & D and innovation. By strengthening the communication with customers, the company updated and sorted out the supporting research and development products, and determined the phased research and development objectives for each research and development product; We have successively completed the trial production and verification of DZ40M, DZ417G directional casting superalloy master alloys and k417g, k40m, K465 and other axial casting superalloy master alloys, and will gradually enter the batch production stage; The development of deformed superalloy rods and wires for fasteners such as GH2132, GH4169 and GH4738 has been completed, and some products have been supplied in batches; Complete the trial production of multiple models of precision castings; Complete the development of Seamless High-Strength pipes for aviation. With the gradual realization of mass production of supporting developed products, it is expected to contribute to the sales revenue of the company during the 14th Five Year Plan period. thank you! 10. Hello, chairman. The company’s raw materials continue to rise. I want to know how much it affects the company’s performance. Thank you.
Hello! Some products of the company were affected by the rising price of nickel, the main element, and the overall gross profit margin decreased slightly. The company mainly adopts the mode of setting production by sales, and there are corresponding material inventories in hand orders; If the nickel price remains high, the company will adjust the sales quotation according to the market situation, customer demand, whether it is a strategic customer, payment terms and other factors. After the abnormal fluctuation of nickel price in the early stage, the trend of nickel price tends to be stable in the near future. thank you!
11. Application and development of superalloys in aviation?
Hello! Aeroengine is the most important application field of superalloy. In the new advanced aeroengine, the amount of Superalloy accounts for more than 40% – 60% of the total weight of the engine. It is mainly used for the four hot end components of combustion chamber, guide, turbine blade and turbine disk. In addition, it is also used for gearbox
Ring, afterburner and tail nozzle. The application demand of superalloy materials mainly comes from the aviation field. The manufacturing of aeroengine has a rigid demand for superalloy materials. thank you! 12. Aerospace engine has always been a short board in China. Has your company developed or participated in the research and development of alloy materials for key parts? Do you have any orders related to engines?
Hello! The company provides super pure nickel base superalloy and other important raw materials for the manufacturing of high-end equipment of aeroengines and gas turbines, large complex thin-walled superalloy structural parts for supporting scientific research and production of aeroengines, and high-temperature alloy and special stainless steel seamless pipes for supporting scientific research and production of aircraft and aeroengines. At present, there are abundant orders on hand. thank you!
13. As a high-quality superalloy supplier, the company has always maintained high profitability in history. What is the medium and long-term development plan of the company?
Hello! The company will continue to cultivate advanced metal material industries such as superalloys, and is committed to providing high-performance alloy materials and products to the manufacturing fields of military products such as aircraft, aeroengine, gas turbine, nuclear power, energy and high-end civil products. It will always adhere to the research and development of new technologies and products, constantly broaden the product chain and expand the market at home and abroad, We are determined to build a R & D and production base of high-performance alloy materials and their products at home and abroad, develop into a well-known enterprise in China and abroad with independent intellectual property rights and core competitiveness, and contribute to the development of China’s national defense, security, aerospace and other undertakings.
In 2022, the company will focus on the “14th five year plan” for new material development, seize major strategic opportunities for the development of new material industry, continue to focus on innovation, closely follow the needs of equipment development, and gradually expand strategic customers
