**Star News, on February 28, 2024, Tianqi Mould (002510) issued an announcement saying that Hua'an**Hu Qianqian, Dongfang**Sun Faming, Guolianan**Zhang Caixia, Hongyi Yuanfang**Zhang Xiaolong, Hua Peiqi, Zhongshan**Liu Ruixuan, Xue Jiayun of Industrial Bank, and Gaoteng International Asset Management*** Lv Dong investigated our company on February 28, 2024.
The details are as follows:
Q: What are the company's current orders in hand?
A: At present, the company has about 2.5 billion yuan of mold orders in hand. The stamping and aerospace business schedules production according to the customer's production plan, and there is no statistics on orders in hand.
Q: What is the production cycle of mold products?
A: The production cycle of automobile molds varies according to customer requirements and different types of parts. Typically, the production cycle takes anywhere from 12 to 24 months. The manufacturing cycle in the factory is about 8 to 12 months, and after the delivery to the customer, it is also necessary to do bus commissioning, and the revenue is recognized after the bus commissioning is completed and the final acceptance report of the main engine factory is obtained.
Q: What is the approximate capacity of the mold business?
A: At present, the company's mold production capacity is 4500 standard sets.
Q: What are the types of mold business products of the company?
Answer: The company's mold products mainly include cold stamping dies and hot forming molds for automobile body exterior panels, and the materials involved include steel plates, tailored welded plates, high-strength steel plates, aluminum plates, stainless steel plates, etc. 5.What is the proportion of the company's new energy vehicle orders to traditional fuel vehicle orders?
In recent years, the proportion of the company's new energy vehicle mold orders has been increasing, and the current proportion is close to 40%-50%. Q: The company's overseas market development, order proportion and new customers?
Answer: From the perspective of mold products alone, the demand for overseas mold market has a strong trend of shifting to domestic. In 2023, the company will successively develop customers such as Volkswagen of Brazil, Stellandis, Jaguar Land Rover of the United Kingdom, and BMW of Germany. Since the mold is a single-piece customized product, the production cycle is long, and the final acceptance recognizes the revenue at one time, and the proportion of overseas orders fluctuates.
Q: What is the company's aviation product business and future development?
A: The main products of the aviation business are sheet metal parts, surface treatment and assembly. At present, the company's main models for aviation companies include COMAC C919, RJ21, AVIC G600, General Aviation G0, Airbus 20, as well as a military model and unmanned aerial vehicle. For large aircraft companies, local parts are provided, and some small aircraft provide the entire metal fuselage. The company's aviation business layout is in Shenyang and Xi'an. The Shenyang company has been put into production; The Xi'an subsidiary is in the process of auditing and certifying the qualifications of the first business, and has obtained the "First Equipment Quality Management System Certification" and the "Aviation Quality Management System Certification" so far.
Q: What is the company's performance in 2023 by business segment?
A: The 2023 annual report is still being prepared, and the company will disclose it in a timely manner as required, please pay attention to the annual report released by the company for details.
Q: What is the company's cash flow turnover?
Answer: The company attaches great importance to the payment of receivables and strictly controls the collection of receivables. At present, the company's cash flow turnover is normal, which can meet the company's daily operating needs.
Q: How is the transfer of control of the company going?
Answer: The transfer of shares of the controlling shareholder is advancing, the on-site work part of the due diligence of the intermediary has been completed, and the formal agreement has not yet been signed.
Tianqi Mould (002510) main business: R&D, design, production and sales of automobile body panel molds and their supporting products.
Tianqi Mold's third quarter report in 2023 shows that the company's main revenue is 165.9 billion yuan, an increase of 6 percent year-on-year73%；Net profit attributable to the parent company was 8776810,000 yuan, a year-on-year decrease of 2053%；Deduct non-net profit of 6310570,000 yuan, a year-on-year decrease of 4031%；Among them, in the third quarter of 2023, the company's single-quarter main revenue will be 5600 million yuan, a year-on-year decrease of 3147%；The net profit attributable to the parent company in a single quarter was 3578080,000 yuan, a year-on-year decrease of 463%；The non-net profit deducted in a single quarter was 2778190,000 yuan, a year-on-year decrease of 5328%；The debt ratio is 6591%, investment income 7264860,000 yuan, financial expenses 3370190,000 yuan, gross profit margin of 151%。
There are no agency ratings on the stock in the last 90 days.
The above content is compiled by **Star based on public information, generated by algorithms, and has nothing to do with the position of this site. **Star strives but does not guarantee the accuracy, completeness, validity, timeliness of all or part of the content of the information (including but not limited to text, **audio, data and charts), if there is any problem, please contact us. This article is a compilation of data and does not constitute any investment advice for you.