Yellow River cyclone alloy powder capacity is expanding rapidly

The Yellow River whirlwind (600172, closing price of 14.82 yuan) has a strong trend recently and has reached a new high since its listing. The company is the second largest producer of synthetic diamonds in China and currently produces about 1.5 billion carats.

Rapid expansion of alloy powder capacity
One of the company's refinancing projects, “12,000 tons of alloy powder project”, is currently being implemented. According to the company's strategy, it is expected that the output of metal powder will exceed 1,000 tons this year, and the contribution income will reach more than 50 million yuan. The gross profit margin of this product is only about 22% due to the small production capacity. In the future, with the expansion of production capacity, the gross profit margin in 2011~2012 can be rapidly increased to over 40%. We have judged that the company's annual output of metal powder will reach 3,500 tons and 12,000 tons respectively in the next two years, which will bring the company revenue of 140 million yuan and 480 million yuan, and conservatively estimate profits of 26 million yuan and 100 million yuan. Thick 0.1 yuan and 0.38 yuan.

Metal alloy powder products are currently monopolized by foreign products in the domestic market. Compared with traditional physical mixed powders, they are characterized by fine powder particles, uniform alloying composition, good cold formability and high compactness of sintered bodies. The metal powder project will be one of the company's new profit growth points in the next two years.

As one of the company's refinancing projects, polycrystalline diamond compact will become the company's fist product. At present, the key production technology of the company's super-hard polycrystalline diamond composite sheet products has made breakthroughs, and the production capacity will be released quickly. The company's output in 2009 reached more than 900,000 pieces, achieving sales income of more than 17 million yuan. It is estimated that the company's 2010-2012 composite film production will reach 2 million, 5 million and 12 million, with sales revenue of 36 million yuan, 90 million yuan and 220 million yuan.

Polycrystalline diamond compacts are currently used mainly in oil and gas drills, coalfield mines, etc., with a market size of more than 30 billion yuan. Compared with the traditional single crystal material, the polycrystalline diamond composite sheet has the characteristics of good adhesion, large cutting area and high efficiency. The market in the future is huge and is a potential substitute for single crystal products.

Or will be involved in new energy fields
The company has rich experience in the micro-powder field in the diamond industry, and its deep technical accumulation, its products have always been regarded as "quality benchmark" by the market. In the future, the company will combine its own micro-powder technology advantages, integrate domestic and foreign resources, and increase research and development of new energy products; strive to achieve major breakthroughs in the near future.

Compared with other companies in the industry, Huanghe Cyclone can actively use the resources advantages of its overseas shareholders and combine the latest hot products of the domestic new energy industry chain to carry out a strong layout. At the same time, taking into account the product characteristics and layout of the relevant companies in the region where the company is located, it is likely to form alliances with relevant enterprises in the region to jointly develop new energy products in the future, and it is possible to make breakthroughs in certain areas of new energy in the next 1-2 years.

The company currently has the technology to manufacture large-size synthetic diamonds, and there is room for improvement in color purity. At present, the company's R&D center has produced large-diameter diamond products. Once the technology is realized in the future, it will open up a brand new market for the company's diamond products.

At present, large-size diamond single crystals can be directly applied not only in the field of civilian conventional equipment and accessories, but also in the field of high-power laser equipment manufacturing, new laser beam weaponry and other aerospace military fields, and also have great application space. The latter is far less sensitive to cost factors than civilian products, and market development is relatively easy. Based on its own advantages, the company is highly likely to mass-produce in the future of large-diameter diamond single crystal preparation technology.

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