Can the rapid expansion of new production capacity of Yongjin shares be digested by the market? Yongjin said that, on the one hand, with the improvement of cold rolling technology and product quality, the domestic production of precision cold rolled stainless steel strip is increasing year by year, but the ultra-thin, ultra-flat and ultra-hard precision cold-rolled stainless steel strip with thickness below 0.2mm can only be produced by a small number of domestic enterprises, which can not meet the growing demand of domestic high-end industry.
[why Yongjin shares have a faster turnover of assets? Yongjin shares said: the company's 300 series products have achieved stable benefits by relying on high turnover and large-scale benefits. the production base of the main company is close to the upstream hot rolling plant, and the procurement cycle is very short, and the production cycle is also very fast. Sales are mainly sold through downstream traders, all of which receive deposit in advance and deliver goods, and downstream traders not only provide value-added services for processing and distribution to their downstream customers, but also undertake the function of capital advance. Therefore, the company basically does not bear the financial pressure on the downstream sales. The company's fast production process and sales settlement mode make the company's turnover faster.
Recently, Longtan Industrial Park in Yulin and Sichuan Leshan Yingkai Trading Co., Ltd. have an annual output of 100,000 tons of stainless steel cold rolling and deep processing project signing ceremony held in Longtan Industrial Park. On January 12th, Longtan Industrial Park opened the high-end stainless steel products industrial base and started the cold rolling and deep processing project with an annual capacity of 100000 tons of stainless steel.
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[China's output of stainless steel crude steel in 2022 may exceed 36 million tons] as for the output in 2022, due to the new production capacity from 2021 to 2022, it is in line with the relevant national industrial policy, and production is just around the corner. As a result, China's annual stainless steel output in 2022 is expected to reach about 36.82 million tons, an increase of about 3.16 million tons over the same period last year, an increase of 9.5%.