Western Superconducting Technologies Co., Ltd. (WST) established in 2003 in Xi'an Economic and Technological Development Zone with a total share capital of RMB 441.272 million. WST is a leading producer in the manufacturing of titanium, superalloy and superconducting products with highly attention to R&D. As the main R&D and production base for aviation titanium bars and wires, WST also is the only commercialized producer of superconducting wires in China and the only manufacturer with whole-processes from NbTi ingots and bars, superconducting wires and magnets in the world. WST listed on SSE STAR Market on July 22, 2019 (stock code: 688122).
Upholding the tenet of "Service to the State for the benefit of mankind", WST successively built up a world-leading advanced aviation titanium bars and wires production line; as well as an international first-class, domestic-only NbTiandNb3Sn superconducting wires production line, with an annual production capacity of 4,950 tons of titanium bars and wires, 2,000 tons of superalloy bars, and 750 tons of NbTi and Nb3Sn superconducting wires. Main products include titanium bars, wires, profiles and superalloy bars; NbTi superconducting wires, Nb3Sn superconducting wires; superconducting magnets, hot working equipmentetc. Among them titanium products are mainly used for producing aviation forgings (aircraft structural parts, fasteners and engine parts, etc.), biological implants, and medical instruments; superalloyare mainly applied in new aero engines and gas turbines; superconducting wires serve the purpose of making high-field magnets that are eventually used for large-scale scientific engineering and advanced equipment manufacturing, including new energy, ITER, CFETR, MRI, NMR, MCZ, proton and heavy particle accelerators, etc.
Since its establishment, WST is aim to “filling the domestic scarce, reaching the international advanced”, with main products being urgently needed in domestic.
WST establishes an innovative technical team with severalacademicians as consultants and a dozen rare metal processing experts. Forging a talent team engaged in new product research and development, pilot test and industrialization. WST has industry high-end talent from the National 10,000 Plan Leading Talent, the National Outstanding Professional and Technical Talent, the National 100, 1000, and 10,000 Talent, the Sanqin Talent, and Shaanxi Model Workers.
WST will maximum draw the advantages of its talents, technology and equipment, under the product orientation of “international advanced, domestic blank, and solve urgent needs”, keep forging ahead towards the goal of "building a world-leading specialized new material manufacturing enterprise".
| Full name | Western Superconducting Technologies Co., Ltd |
|---|---|
| Abbreviations | WST |
| Code | 688122 |
| Founded | February 28,2003 |
| Listing | July 22,2019 |
| Domicile | Xi’an |
| zqflb@c-wst.com | |
| STAR Theme | New Materials |
| CSRC Sector | Manufacturing |
| Has weighted voting rights structure? | No |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Earnings Per Share | 0.84 CNY | 0.38 CNY | 0.34 CNY |
| R&D expenditure as a % of operating revenue | 5.63% | 8.91% | 8.32% |
| Operating Revenue | 2,112.83 | 1,446.11 | 1,088.39 |
| Net Income | 370.77 | 158.24 | 134.95 |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Operating Revenue | 2,112.83 | 1,446.11 | 1,088.39 |
| Operating Costs | 1,311.80 | 958.95 | 688.19 |
| Operating Income | 416.47 | 165.27 | 147.34 |
| Pretax Income | 423.15 | 167.37 | 147.88 |
| Income Tax | 53.32 | 13.89 | 13.99 |
| Net Income | 370.77 | 158.24 | 134.95 |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Assets | |||
| Current Assets-Total | 4,089.38 | 3,508.35 | 2,798.46 |
| Non-current Assets-Total | 1,450.61 | 1,294.71 | 1,195.94 |
| Total Assets | 5,539.99 | 4,803.05 | 3,994.39 |
| Liabilities | |||
| Current Liabilities-Total | 1,999.81 | 1,622.03 | 1,459.83 |
| Non-current Liabilities-Total | 653.28 | 565.66 | 555.10 |
| Total Liabilities | 2,653.09 | 2,187.69 | 2,014.93 |
| Stockholder's Equity | |||
| Share Capital | 441.27 | 441.27 | 397.07 |
| Retained Profits | 608.32 | 369.93 | 330.81 |
| Total Owners' Equity | 2,886.90 | 2,615.36 | 1,979.47 |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Net Cash Flows-Operating | -222.32 | -109.50 | 243.59 |
| Net Cash Flows-Investing | -343.16 | -377.43 | -143.13 |
| Net Cash Flows-Financing | 231.90 | 434.61 | 109.25 |
| Name | No. of Shares Held (mn) | % of Shares Held |
|---|---|---|
| Northwest Institute For Non-ferrous Metal Research | 100.04 | 22.67% |
| CITIC Metal Group Limited | 59.92 | 13.58% |
| XI’AN INDUSTRIAL INVESTMENT GROUP CO.,LTD. | 30.77 | 6.97% |
| Xi'an tianhui technology investment co., LTD | 28.64 | 6.49% |
| SHENZHEN CAPITAL GROUP CO.,LTD | 21.48 | 4.87% |
| 中国建设银行股份有限公司－易方达国防军工混合型证券投资基金 | 20.03 | 4.54% |
| Shaanxi Growth Emerging Industry Equity Management Partnership (Limited Partnership) | 8.47 | 1.92% |
| 招商银行股份有限公司－华夏上证科创板50成份交易型开放式指数证券投资基金 | 7.09 | 1.61% |
| Shaanxi Growth New Materials Industry Equity Management Partnership (Limited Partnership) | 5.49 | 1.24% |
| Hong Kong Securities Clearing Company Ltd. (HKSCC) | 3.96 | 0.90% |
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