According to Financial Intelligence APP, on November 8, Jintiantai Industry (688750.SH) started its IPO, with an issue price of 7.16 yuan per share, a subscription limit of 0.0165 million shares, a P/E ratio of 24.72, belonging to the SSE STAR Market, with Zhongtai Securities and Zhonghang Securities as its sponsors.

According to the prospectus, Jin Tiantai Industry is a high-tech enterprise mainly engaged in the research and development, production, and sales of high-end titanium and titanium alloy materials. The company's main products are titanium and titanium alloy bars, forgings, and components, mainly used in high-end equipment fields such as aviation, aerospace, ships, and weapons.

Adhering to the business philosophy of "serving the military, contributing to the country's industrial development, and strengthening the country through military advancements", the company explores the market through differentiation and technical services. With years of accumulation and development, it has become one of the main R&D and production bases of high-end titanium alloy bars and forgings in China.

According to the data from the Titanium Zirconium and Hafnium Branch of the China Nonferrous Metals Industry Association, in 2022, China's aerospace titanium material sales volume was approximately 0.033 million tons. In the same year, the company's aerospace titanium material sales volume was about 2,060.00 tons. Based on this calculation, Jintiantai Industry's market share of titanium alloy products in the domestic aerospace titanium material market is around 6.24%.

Golden Tiangu Titanium's downstream users are mainly forging production companies, ultimately used by major aircraft and aerospace engine manufacturers. During the reporting period, the company's significant customers include subsidiaries of the aviation industry, Xi'an Triangle Defense (300775.SZ), Wuxi Paike New Materials (605123.SH), AviChina Industry & Technology (688239.SH), China Second Heavy Machinery Group Deyang Wanhang Mold Forging Co., Ltd., subsidiaries of China Aviation Power, and subsidiaries of China CSSC.

The specific projects for which the funds raised in this round will be invested are as follows:

Financially, in 2021, 2022, and 2023, the company achieved revenue of approximately 0.573 billion yuan, 0.701 billion yuan, and 0.801 billion yuan respectively. The net income of the company was approximately 94.9979 million yuan, 0.133 billion yuan, and 0.147 billion yuan RMB respectively.