Military analysis titanium alloy enterprise performance growth rate is higher

At present, the three companies in the direction of high temperature alloy have announced results, among which Tunan shares exceeded expectations, and fushun Special Steel and Steel Yangaonai performance in line with expectations, the three companies' net profit growth can reach about 100%. However, compared with titanium alloy, the barrier of superalloy is relatively higher, so its competitive pattern is relatively better. At present, fushun Special steel in the superalloy occupies 80% of the market share of the industry, and the current production capacity is mainly concentrated in Fushun Special steel and steel grinding high sodium. And titanium alloy companies because of the civilian titanium alloy companies are relatively more, so the industry concentration is relatively poor.

Titanium alloy branch is another fast growing direction in the field of military raw materials. The ratio of titanium alloy will be further improved in the upgrading process of China's fighter jets. At present, the ratio of titanium alloy in the second generation aircraft is about 2-4%, while the ratio of titanium alloy in the third and half and fourth generation aircraft, which are the key models of the 14th five-year Plan period, will be increased to 15%-25%. Titanium alloy company performance growth is also relatively high. At present, China's titanium alloy enterprises have regional, from the regional distribution, titanium alloy production enterprises are mainly concentrated in Shaanxi, Shaanxi has five titanium alloy enterprises, production output accounted for 68% of the country.