China-Made Aircraft Engine Has Started Mass Production

China-made aircraft engine has started mass production of three generations of an annual output of 100-made J-11B fighter aircraft has been using domestic” Taihang
“high-thrust turbofan engine. the Zhuhai air show appearance in the
last row is too large thrust turbofan engine.
 

In 1956 by a small high-temperature materials , to the current annual
income of nearly 3 million, Steel Research Gaona (300 034) has become
the field of high temperature alloys the most advanced technology,
production types, one of the most complete. Currently, the company
achieved more than 20% per year steady growth, but to the world-class
high-temperature alloy business forward, Steel Research Gaona is on the
upstream and downstream enterprises in the search for goals, hopes
through mergers and acquisitions to achieve leapfrog development.
Recently, high-sodium, general manager of Iron and Steel Research
Zhaoming Han for the first time to face the media, about the company in
the field of high-temperature alloy development and growth process.

“the old” national mission GEM Enterprises

Steel Institute was established in 2002 with high sodium,
high-temperature materials by Steel Institute and IAS Powder Metallurgy
Research Center’s core quality assets through the merger, the actual
controller is the SASAC, mainly engaged in high-temperature aerospace
alloy materials development, production and sales of its predecessor,
steel, high temperature materials IAS was created in 1956. From initial
planning to the Main Board listing, the listing was changed to small
plates, to take aim, GEM, until December 2009 was successfully listed
on the GEM, after 54 years of ups and downs, steel, called the GEM
research in high-sodium the oldest listed companies.

different origin, different natural doomed mission. As aerospace
materials supply chain in an important one, is satisfied that the
business of Iron and Steel Research has been involved in the high
national strategic interests. “We must complete the task of the State,
but also have benefits.” Zhao Minghan repeatedly emphasized that the
company assumed the national mission.

According to reports, in our third generation fighter engine has a ton
of multiple, involving a total of multiple components, including an
indispensable component is satisfied by the high production of Iron and
Steel Research. the part before the country can not produce, but as it
involves military secrets, not to sell abroad in China, R & D
component of the task falls on the study of high steel satisfied, the
company ultimately fail in their mission. At present, only the steel of
this study can produce parts with high sodium. The beginning of the
production only a few kilograms per year for one or two engines, to
2007, the part needs a sudden heavy volume, you need to supply more
than 60 copies, 2008,2009 demand is reached in more than 100 copies .
companies to raise emergency funds, the equipment, but production lines
are qualified construction period and production of modulation requires
a long process.

in the next three years, from the material under the Task Force members
to put a lot of energy, 3 years, there is little rest. Also, because
the state approved the project takes time, Steel Research Gaona first
Dianqian independent research and development on their own. Hard work
pays off in 2009, the company’s shipments to the state expected
production to meet the user requirements.

“Company executives are working to shareholders. Iron and Steel
Research Gaona state-owned enterprises, the former shareholders of the
state, materials related to national defense and national security, the
State must be responsible, this is a mission; Now the company listed on
the GEM, raising funds of 5.5 billion, our net assets have more than 8
million into a shareholder which also joined the ordinary investors,
they voted the money, we have for they are responsible, can not be
discounted, This is another mission. “Zhao Minghan words full of sense
of mission and responsibility.

civilian proportion will be raised to 70%

steel research products with high sodium current is casting high
temperature alloys, wrought superalloy products and new high
temperature alloys, The company has a casting capacity of 920 tons
high-temperature alloys, wrought superalloy 150 tons, 15 tons of new
high-temperature alloys. Iron and Steel Research Gaona 2009 revenue of
nearly 3 billion, 60% of the products for aerospace customers.

in the company’s revenue structure, the military accounted for 60%, 40%
civilian. Zhao Minghan that military products is very important, demand
is very stable, to bring stability to the company’s sales revenue and
net profit; Moreover, the field of aerospace materials company which is
one of the industries supported by the state, the future will benefit
from the China Aviation The rapid development of aerospace and a
substantial investment. But the disadvantages are also obvious that
there are limits on the scale of a year’s demand is only so much growth
can not be too large, and the company’s growing scale of production
does not match. If you rely solely on the military market, the Iron and
Steel Research development of high rate of satisfaction in the coming
years will surely be affected, while the broad market areas of the
development of civilian space for Iron and Steel Research Gaona see
hope.

Steel Research Gaona listed on the GEM funds raised will be mainly for
the aerospace and deformation temperature of powder metal products,
aerospace aluminum with a titanium metal products, new high-temperature
solid self-lubricating composite materials and products , casting high
temperature alloys high-quality precision casting, vacuum casting and
high temperature alloys, master alloys level projects. In addition to
the new system to meet the aerospace materials and equipment needs, the
company will open up car engine with turbocharger turbine superalloy
precision castings, and chemical industry and automotive engine valve
casting parts precision casting, and other civilian market. Clearly, in
addition to consolidating the basis for the field of aerospace
materials, steel, high-sodium has been increased research in the
civilian areas of expansion.

Zhao Minghan evangelism, fund-raising project of this company by leaps
and bounds is an important step in the development of the company to
enhance market competitiveness and long-term development of great
significance, in 2014, the production of several major projects , the
company will increase the proportion of civilian share of revenues to
70%, while the military will drop to 30%.

He particularly the future of automotive products, high hopes, because
the demand for automotive turbocharger to a rate of 30% per year. This
is a greater demand for high-temperature alloys market worldwide in the
needs of the turbocharger turbine more than 900 million pieces of 2
tons of material each year the domestic market demand, and growing
every year, this study of high steel satisfied that the development of
expansion has great appeal. But the whole industry a bit confusing,
quite a mixed bag, some small township enterprises do, the quality is
uneven.

“With our technology, the company the industry leader to do this no
problem.” Zhaoming Han admitted that the company is considering
expanding production scale. Iron and Steel Research Gaona turbocharger
turbine superalloy materials used in the traditional technology will be
improved so that higher material quality and production efficiency,
material costs will also come down, the end product life will be
longer. He said the company’s products with high quality and low cost
advantage to expand their market strategies have been identified and
will consider a number of professional sales companies for product
promotion.

supreme alternative incentives

compare alternative is satisfied that the current high steel research
only not implemented the GEM equity incentive company. Although the era
of knowledge economy has jealously guard the high-tech talent, but
making the rich GEM vigorous myth has nothing to do with them.

“in the existing conditions, to one person too much money out of the
reward is not realistic, but the Iron and Steel Research Gaona’ve tried
everything, including the company the highest possible treatment, and
the spirit of national honor award. “The policy and institutional
constraints, Zhaoming Han did not express much worry. The actual
control of the company are the SASAC, the annual selection of the
advanced level of individuals, companies and technical personnel has
won many honors, which is priceless. He sighed, “like us to do
research, more attention to the embodiment of human values, we are
working to the state, such a lofty national pride not everyone has
access to, is paramount.”

in the “alternative incentive” under the effect of lack of incentive
stock options and Steel Institute did not give the development of
high-sodium bring too much of the past. From 1985 to now, 20 years,
inclusive of high-performance steel research steadily rising, there is
no decline in the year before. This allows Zhao Minghan proud.

talk to him: “The company is growing very strong, emboldened enough,
operation, and all for a common purpose, and the year exceeded targets
every year. In the GEM in the horizontal comparison, Iron and Steel
Research The annual performance of high growth and satisfaction is not
too prominent, but the longitudinal comparison, the company has been
developing, on a small step each year, and is a world-class enterprises
into the high-temperature alloys. “

Nevertheless, Bound system inevitably led to the loss of a number of
technical staff. For long-term development and ambitious future goals,
high-sodium is bound to face Iron and Steel Research radical
institutional change.

Zhaoming Han admitted that the company to the outside world the
impression that the incentive system in place, and strong enough, the
core technical staff lack of enthusiasm. This year’s shareholder
meeting, shareholder proposals to solve the company has senior
management and core technical staff of the equity incentive problem,
the company has recognized this problem and is actively working with
major shareholders, communication and consultation with competent
authorities to seek practical and concrete solutions. The main problem
facing the program is the exercise price and conditions of vesting
conditions set too high, employees will feel that is true, of
enthusiasm, given the low and pass the examination and approval.
Although the dilemma, a specific implementation plan has not yet been
established, there is no specific timetable, but Zhaoming Han said the
confidence to produce a satisfactory answer to everyone.

  • Heard that China aero-engine still can't match Russian. Correct?