Ningbo Boway Alloy: Direct Clients Include TE Connectivity, Supply Chain Link to SpaceX Remains Unclear

Deep News12-22 19:10

An investor inquired on an interactive platform about Ningbo Boway Alloy Material Company Limited's (601137.SH) aerospace collaborations beyond projects like Long March, Chang'e, Tiangong, and Shenzhou, specifically questioning potential ties with SpaceX. On December 22, the company responded via the platform, emphasizing its longstanding partnership with China’s aerospace initiatives. From Long March and Shenzhou to Chang’e and Tiangong, Boway has contributed to the nation’s space endeavors by developing critical connector materials for aerospace systems. These materials ensure secure and stable conductivity and communication in extreme space environments, addressing challenges like temperature fluctuations and signal durability.

Boway’s aerospace-grade alloy wires have seen a 38% year-on-year sales growth, though data for other product lines remains under review due to complex downstream client classifications. The company clarified that its direct clients are multinational firms like TE Connectivity, but tracing whether these materials ultimately supply SpaceX presents significant challenges given supply chain opacity.

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