At this stage, the most prosperous branches of the upstream military companies are mainly capacitors, high-temperature alloys, and titanium alloys. From the results, the fastest growing sector is currently expected to be upstream, the corresponding company valuation is relatively low, of which capacitors and titanium alloys are growing relatively fast. In terms of aero engines, high-temperature alloys and titanium alloys are expected to benefit.
Titanium alloy is another fast-growing field of military raw materials. The proportion of titanium alloy in the process of upgrading and replacing fighter aircraft will be further improved in China, its proportion is about 2-4% in the current second-generation, The proportion of titanium alloy in the third generation, and fourth generation of the key gravimetric models will be increased to 15%-25% during the 145 periods. Titanium companies also showed relatively high growth rates.
