Whenever we mentioned famous engine manufacturers such as Weichai Power and Cummins, nobody knew. However, these companies can not do without the supply of major parts and components manufacturers, Tianrun crankshaft is one of them. Today, the country's largest crankshaft manufacturing company will also step into the capital market and be listed on the Shenzhen Stock Exchange SME segment. Tianrun crankshaft has thus become the first Shandong company to obtain the approval of the China Securities Regulatory Commission since the opening of the IPO. According to the prospectus issued today, Tianrun Crankshaft plans to issue 60 million shares to raise funds for four projects of the Xichai heavy truck crankshaft production line project, the Cummins heavy truck crankshaft production line project, the Cummins light truck crankshaft production line project and the Weichai heavy truck crankshaft production line. The investment is about 614 million yuan. The project period is 16-19 months. After the production is completed, Tianrun Crankshaft will add a net profit of RMB 110 million per year to achieve the goal of doubling production and sales and doubling profits within two to three years. Oligopolistic competition Tianrun Crankshaft introduced: "The world's major crankshaft manufacturers are Germany's ThyssenKrupp, India's Barrett and Japan's Sumitomo. Germany's ThyssenKrupp is the world's largest crankshaft producer with iron ore and steel rolling. As for the entire middle and upper reaches of the industrial chain such as forging and processing, about 12 million crankshaft blanks can be forged per year, and about 1 million crankshaft finished products can be processed each year.†In recent years, ThyssenKrupp has been planning to establish a company in China to produce crankshafts. , connecting rods and other auto parts. According to industry insiders, the entire heavy truck engine crankshaft OEM market consists of three parts, heavy-duty engine manufacturers self-supply, independent crankshaft manufacturers supply and foreign imports. Tianrun crankshaft is classified as an independent crankshaft manufacturer. Judging from the domestic market, in addition to the Tianrun crankshaft in the crankshaft market, there are a few major professional crankshaft manufacturers such as Liaoning No. 518 and Guilin Fuda. Regarding the future competitiveness of the domestic crankshaft industry, Tianrun crankshaft is relatively calm: “For potential newcomers to the competition, building and successfully operating a large crankshaft manufacturing enterprise not only requires a large amount of capital investment, but also requires a large amount of experienced and skilled technology. Workers and supporting systems entering the main plant and establishing a stable supporting cooperation relationship with them; and for existing competitors, the supporting system for entering the domestic main engine plant through the expansion of production needs a long time certification by the main equipment factory, generally at least It takes at least a year or so to go through several major steps, including prototype production, sample inspection, fatigue testing, running machine testing, road testing, and small-to-medium volume supply.†Market share Maori Qisheng The main products of Tianrun Crankshaft are forged crankshafts and cast iron crankshafts, which are the key components of the engine and are mainly supplied to the heavy-duty engine OEM market. The main supporting customers are major host manufacturers such as Weichai Power, Dongfeng Cummins, FAW Xichai, and Shanghai Diesel. According to the data from the China Internal Combustion Engine Industry Association, in 2007 and 2008, Tianrun crankshaft produced 259,000 heavy engine crankshafts and 287,000 heavy engine crankshafts, respectively. In 2008, Tianrun crankshaft's comprehensive market share has reached about 37%. In the independent crankshaft manufacturer market, the market share of Tianrun crankshaft has reached nearly 50%. Prior to 2008, in the product cost structure of Tianrun crankshaft, more than 50% were external rough stock purchases. Forged steel crankshaft blanks were the key components of the crankshaft and had certain technical difficulties. As a result, while increasing market share, Tianrun crankshaft has continuously increased the self-sufficiency rate of blanks in order to increase the gross profit rate of products, so as to realize the integration of the industrial chain. In October 2007, Tianrun Crankshaft obtained a 75% stake in Hengrun Forging to form a production capacity of forged steel crankshaft blanks. In 2007, Hengrun Forging increased to be the second largest forged steel crankshaft supplier, accounting for 16.74% of the total purchase amount. In the future strategy of Tianrun Crankshaft, Hengrun’s forging capacity will be gradually increased. With the gradual increase in the proportion of Hengrun forging purchase, eventually Hengrun Forging will become the first large forged crankshaft blank supplier of Tianrun crankshaft. From 2006 to 2008, the total operating income of Tianrun crankshaft continued to grow steadily. Among them, operating income of RMB 488 million was realized in 2006, an increase of 22.89% from 2005; in 2007, it was RMB 750 million, an increase of 53.70% from 2006; The total operating revenue was 820 million yuan, an increase of 9.40% over 2007. Landing on the capital market means that Tianrun's crankshaft has taken a step closer to the goal of doubling production, sales, and profits within two to three years. Petg Medical Blister,Medical Water Light Needle Blister,Blue Petg Catheter Plastic Box,Medical Anesthesia Bag Blister Dong Guan Yi He Medical Packaging Technology Co.,Ltd , http://www.yhmedicalpack.com