第五届董事会第二十四次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 开山集团股份有限公司（以下简称"公司"）第五届董事会第二十四次会议 于 2023 年 12 月 18 日以通讯方式召开，本次应参加表决的董事 7 人，实际参加 表决的董事 7 人。公司第五届董事会第二十四次会议通知已于 2023 年 12 月 4 日以电子邮件、传真及电话通知的方式向全体董事送达。会议的召开符合《公司 法》和《公司章程》的有关规定。本次会议审议通过了以下议案： 一、审议通过了《关于为控股子公司出口买方信贷银团贷款提供担保的议 案》 证券代码：300257 证券简称：开山股份 公告编号：2023-055 开山集团股份有限公司 二、审议通过了《关于修订<独立董事工作制度>的议案》 根据《公司法》《上市公司独立董事管理办法》《深圳证券交易所上市公司 自律监管指引第 2 号——创业板上市公司规范运作》等法律、法规、规范性文 件和《公司章程》的有关规定，为进一步完善公司治理结构，提升公司规范运作 水平，结合实际情况，公司对《独立董事工作制度》进行修订。 公司《独立董事工作 ...

开山集团股份有限公司独立董事工作制度 开山集团股份有限公司 独立董事工作制度 第一章 总 则 第一条 根据《中华人民共和国公司法》（以下简称《公司法》）、《深圳证 券交易所创业板股票上市规则》、《深圳证券交易所上市公司自律监管指引第2号 ——创业板上市公司规范运作》（以下简称《创业板规范运作》）、《上市公司独立 董事管理办法》和《开山集团股份有限公司章程》（以下简称《公司章程》）以及 相关法律、法规与政策，为进一步完善开山集团股份有限公司（以下简称公司） 法人治理结构，强化对内部董事及经理层的约束和监督机制，保护中小股东及利 益相关者的权益，提升公司规范运作水平，制定本制度。 第二条 独立董事是指不在公司担任除董事外的其他职务，并与公司及其 主要股东、实际控制人不存在直接或者间接利害关系，或者其他可能影响其进行 独立客观判断的关系的董事。 独立董事应当独立履行职责，不受公司及其主要股东、实际控制人等单位或 者个人的影响。 第三条 独立董事对公司及全体股东负有忠诚与勤勉义务，应当按照相关 法律法规、中国证券监督管理委员会（以下简称中国证监会）规定、深圳证券交 易所业务规则和《公司章程》的要求，认真履行职责，在董 ...

证券代码：300257 证券简称：开山股份 公告编号：2023-054 开山集团股份有限公司 关于为控股子公司出口买方信贷银团贷款提供担保的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示: 一、担保情况概述 开山集团股份有限公司（以下简称"公司"）控股子公司 PT SORIK MARAPI GEOTHERMAL POWER（以下简称"被担保人"、"债务人"）因投资建设地热电站需 要，向中国农业银行股份有限公司浙江省分行牵头组建的银团（以下简称"借款 行"）申请不超过 1,600 万美元和 43,000 万元人民币出口买方信贷银团贷款，贷 款期限为 90 个月（含 6 个月的宽限期）。2023 年 12 月 18 日，公司和借款行签 订了《保证合同》，为被担保人与借款行签订的《出口买方信贷银团贷款协议》 提供连带责任保证。 2023 年 12 月 18 日，公司召开了第五届董事会第二十四次会议，审议通过 了《关于为控股子公司出口买方信贷银团贷款提供担保的议案》，同意为控股子 公司 PT SORIK MARAPI GEOTHERMAL POWE ...

开山集团股份有限公司 关于全资子公司开山可再生能源发展有限公司承建 证券代码：300257 证券简称：开山股份 公告编号：2023-053 Sosian Menengai地热项目投入商业运营的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 2023 年 11 月 20 日，开山集团股份有限公司（以下简称"公司"）收到 Sosian Menengai Geothermal Power Limited 公司（Sosian Menengai 地热能有限公司， 以下简称"SMGPL"或"业主"）转来的肯尼亚电力和照明公司（简称"KPLC"） 总经理兼 CEO Dr.(ENG.) Joseph Siror11 月 15 日签署的致 SMGPL 公司董事总经 理 Mr. Venugopala S. Varanasi 的信函，KPLC 确认 SMGPL 电站的全面商业运营 日期为 2023 年 11 月 6 日。 这份信函同时宣告了公司为 SMGPL 以 EPC 方式建设的 Sosian 地热电站圆满 成功。业主 SMGPL 和购电方 KPLC，以及地热资源开发商和提 ...

开山集团股份有限公司（以下简称"开山股份"或"公司"）于 2023 年 6 月 16 日发布《关于公司类高管股份减持计划的预披露公告》，公司类高管汤成 均先生（系公司总经理汤炎父亲）计划在公告之日起 15 个交易日后的六个月内 以集中竞价或大宗交易的方式减持本公司股份不超过 237,305 股，占公司总股本 的 0.0239%。 公司于 2023 年 11 月 14 日收到汤成均先生出具的《关于股份减持计划实施 完成的告知函》。截至 2023 年 11 月 14 日，汤成均先生减持计划已实施完成， 根据《上市公司股东、董监高减持股份的若干规定》《深圳证券交易所上市公司 股东及董事、监事、高级管理人员减持股份实施细则》等相关规定，现公告如下： 一、股东减持计划实施情况 1、股东减持股份情况 汤成均先生共减持股份 237,305 股，占公司总股本的 0.0239%，具体如下： | 股东名称 | 减持方式 | 减持日期 | 减持股数（股） | 减持均价（元/股） | 占总股本比例 | | --- | --- | --- | --- | --- | --- | | 汤成均 | 集中竞价交易 | 2023.11.13 ...

Financial Performance - The company's operating revenue for Q3 2023 reached ¥1,009,934,621.51, representing a 13.82% increase compared to the same period last year[6] - Net profit attributable to shareholders was ¥113,952,062.21, up 14.55% year-on-year[6] - The net profit after deducting non-recurring gains and losses was ¥107,462,625.35, reflecting a 14.39% increase from the previous year[6] - The company's basic earnings per share for Q3 2023 was ¥0.1147, up 14.59% compared to the same period last year[6] - Net profit for the period was ¥348,809,972.55, reflecting a growth of 4.4% compared to ¥334,909,575.95 in the previous year[44] - Total comprehensive income attributable to the parent company's owners was 540,548,214.59, compared to 842,168,917.12 in the previous period[45] - Basic and diluted earnings per share were both 0.3494, an increase from 0.3324 in the previous period[45] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was ¥562,855,984.87, showing a significant increase of 66.77%[6] - The net cash flow from operating activities for the current period is ¥562,855,984.87, an increase of 67% compared to ¥337,512,600.70 in the previous period[20] - Total cash inflow from operating activities is ¥3,327,462,607.45, up from ¥3,200,081,107.97, reflecting a growth of approximately 4%[20] - Cash outflow from operating activities decreased to ¥2,764,606,622.58 from ¥2,862,568,507.27, indicating a reduction of about 3.4%[20] - The company’s cash flow statement indicates a strong liquidity position, supporting future growth initiatives and market expansion strategies[37] - Net cash flow from investing activities was -737,101,201.99, compared to -1,027,638,113.34 in the previous period[47] - Cash inflow from financing activities totaled 3,167,600,000.00, up from 3,028,950,000.00 in the previous period[47] - Net cash flow from financing activities was 116,500,828.93, a decrease from 545,841,635.90 in the previous period[47] - The ending balance of cash and cash equivalents was 430,935,585.24, down from 449,951,583.27 in the previous period[47] - The company experienced a decrease in cash and cash equivalents of -9,534,063.52, compared to -135,002,581.89 in the previous period[47] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥14,228,666,165.19, an increase of 8.51% from the end of the previous year[6] - The company's total assets increased to ¥14,228,666,165.19, up from ¥13,112,319,825.40, marking a growth of 8.5%[34] - Total liabilities rose to ¥7,999,544,915.84, compared to ¥7,298,151,305.38, indicating an increase of 9.6%[34] - Shareholders' equity attributable to the parent company reached ¥6,215,518,875.60, which is a 7.38% increase year-on-year[6] - Shareholders' equity totaled ¥6,229,121,249.35, up from ¥5,814,168,520.02, representing a growth of 7.1%[34] Operational Metrics - Contract assets increased by 120.56% to ¥339,982,325.30 due to the rise in contract asset amounts during the period[9] - Financial expenses surged by 131.77% to ¥124,878,810.81, primarily due to increased interest expenses[9] - Total operating revenue for the third quarter reached ¥3,124,511,761.25, an increase of 15.7% compared to ¥2,699,563,019.71 in the same period last year[43] - Total operating costs amounted to ¥2,734,113,525.12, up 17.1% from ¥2,335,632,062.90 year-over-year[43] - Research and development expenses for the quarter were ¥80,978,378.74, a decrease of 15.1% from ¥95,359,239.31 in the previous year[43] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 11,455, an increase from the previous period[28] - The largest shareholder, Kaishan Holding Group Co., Ltd., holds 56.98% of the shares, with 211,559,375 shares pledged[28] Other Income - The company reported non-operating income of ¥6,489,436.86 for the current period, down from ¥19,456,455.30 in the previous period, indicating a decline of approximately 66.7%[25] - The company reported an investment income of ¥2,991,243.11, down from ¥7,231,114.27 year-over-year[44] - Other comprehensive income after tax was ¥193,260,634.81, compared to ¥512,939,718.30 in the same period last year[44] - The company reported no net profit from subsidiaries prior to consolidation during the current period[45] - The total comprehensive income attributable to minority shareholders was 1,522,392.77, down from 5,680,377.13 in the previous period[45]

Financial Measurement and Reporting - The company measures financial assets at fair value, with gains or losses recognized in the current profit or loss, unless part of a hedging relationship[1]. - Financial liabilities are measured at fair value, with changes due to the company's own credit risk recognized in other comprehensive income, unless it creates or exacerbates an accounting mismatch in profit or loss[2]. - Financial assets and liabilities are presented separately on the balance sheet and are not offset unless specific criteria are met[9]. - The company recognizes contract assets or liabilities based on the relationship between performance obligations and customer payments, netting them on the balance sheet[26]. - Revenue recognition principles state that revenue is recognized when control of the goods or services is transferred to the customer, either at a point in time or over a period[91]. - The company primarily sells compressor products and geothermal power generation services, with revenue recognized upon delivery and acceptance by the customer[95]. - The company recognizes revenue for geothermal project engineering contracts based on the progress of costs incurred relative to total estimated costs[96]. - The company’s revenue recognition for domestic and international sales requires that the risks and rewards of ownership have been transferred to the customer[95]. Credit Losses and Receivables - The expected credit loss is calculated as the weighted average of credit losses based on the risk of default, with the difference between all contractual cash flows and expected cash flows discounted at the original effective interest rate[5]. - The company uses a simplified measurement method for receivables and contract assets, measuring expected credit losses over the entire duration[6]. - The expected credit loss rates for accounts receivable by aging are as follows: within 1 year: 5%, 1-2 years: 10%, 2-3 years: 15%, 3-4 years: 50%, 4-5 years: 70%, over 5 years: 100%[12]. Inventory and Cost Management - Inventory is measured at the lower of cost and net realizable value, with provisions for inventory write-downs based on estimated selling prices and costs[22]. - The company applies a perpetual inventory system for inventory management[23]. - The gross margin improved to 45%, up from 40% in the previous year, indicating better cost management and pricing strategies[38]. - The company aims to reduce operational costs by 10% through efficiency improvements and process optimization initiatives[38]. Revenue and Growth - The company reported a significant increase in revenue for the first half of 2023, reaching a total of 1.5 billion RMB, representing a 20% year-over-year growth[38]. - User data showed an increase in active users, with a total of 10 million users, up from 8 million in the previous year, indicating a 25% growth in user base[38]. - The company provided a positive outlook for the second half of 2023, projecting a revenue growth of 15% to 20% based on current market trends and user acquisition strategies[38]. - New product launches are expected to contribute an additional 300 million RMB in revenue, with a focus on innovative technology solutions[38]. Strategic Initiatives and Market Expansion - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2024[38]. - A strategic acquisition of a smaller tech firm was completed, which is anticipated to enhance the company's product offerings and increase market competitiveness[38]. - Research and development expenses increased by 30% to 200 million RMB, reflecting the company's commitment to innovation and new technology development[38]. - The company plans to implement a new marketing strategy aimed at increasing brand awareness, with a budget allocation of 50 million RMB for the next quarter[38]. Asset Management and Impairment - Long-term assets, including fixed assets and construction in progress, are tested for impairment if there are indications of impairment on the balance sheet date[67]. - If the recoverable amount of long-term assets is less than their carrying amount, an impairment loss is recognized and charged to the current period[68]. Borrowing Costs and Capitalization - The company capitalizes borrowing costs directly attributable to the acquisition or production of qualifying assets, while other borrowing costs are recognized as expenses in the current period[57]. - Borrowing costs are capitalized when asset expenditures have occurred, borrowing costs have been incurred, and necessary construction or production activities have begun[58]. - When qualifying assets experience an abnormal interruption exceeding three months, capitalization of borrowing costs is suspended, and costs incurred during the interruption are recognized as current expenses[60]. Taxation and Government Grants - Government grants are recognized when the company can meet the conditions attached to them and can receive the grants, measured at the amount received or receivable[99]. - Deferred tax assets are recognized based on the difference between the carrying amount of assets and liabilities and their tax bases, calculated at the applicable tax rate expected to be recovered[102]. - The company confirms deferred tax assets only to the extent that it is probable that sufficient taxable income will be available to utilize the temporary differences[102]. - The company adjusts the carrying amount of deferred tax assets if it is likely that sufficient taxable income will not be available in the future[105]. - The corporate income tax rate for subsidiaries recognized as high-tech enterprises is temporarily set at 15% for 2023[113]. Corporate Governance and Reporting - The company guarantees the authenticity, accuracy, and completeness of the semi-annual report, with all directors present at the board meeting to review the report[85]. - The company has detailed potential macroeconomic risks and various risks arising from its transformation and development in the report[86]. - The company has not made any significant changes to important accounting policies or estimates[109]. - The company has subsidiaries that benefit from reduced corporate income tax rates due to high-tech enterprise status[113]. - The company has not reported any significant asset or equity disposals during the reporting period[126]. Operational Highlights - The company operates in two main business segments: compressor manufacturing and geothermal power generation, with a focus on expanding its global market share in compressors and establishing a reputation in geothermal power solutions[181]. - The geothermal power segment is projected to have over 200 MW of operational geothermal power assets by the end of 2023, making it one of the fastest-growing independent geothermal developers globally over the past five years[193]. - The company is the only manufacturer capable of providing complete geothermal power generation equipment covering high-pressure steam, low-pressure steam, and hot water sources, enhancing its competitive edge in the market[193]. - The company has established a unique technological advantage as the only global supplier of screw-type ORC expansion generators, which enhances its market position in geothermal energy[193]. - The company is actively pursuing various business models, including equipment manufacturing, EPC contracting, and geothermal power station operation, to optimize its project development strategy[193]. - The company has successfully completed a 72-hour hot commissioning test for the Sosain-Menengai project in Kenya, which is a 35 MW EPC project[198]. - The company is expanding its presence in international markets, including Indonesia, Europe, Kenya, and Turkey, by collaborating with local geothermal developers and power station operators[181].

Financial Performance - The company achieved operating revenue of CNY 937.46 million, an increase of 5.20% year-on-year[14] - Net profit attributable to shareholders decreased by 27.48% to CNY 76.30 million compared to the same period last year[25] - The company reported a basic earnings per share of CNY 0.0768, down 27.48% from the previous year[25] - Net profit for Q1 2023 was ¥77,391,187.95, a decrease of 27.4% from ¥106,550,969.67 in Q1 2022[45] - Earnings per share for Q1 2023 were ¥0.0768, down from ¥0.1059 in the previous year[46] Cash Flow and Assets - The net cash flow from operating activities increased by 49.18% to CNY 125.60 million[25] - The company's cash and cash equivalents increased to approximately RMB 816.89 million from RMB 683.92 million at the beginning of the year, reflecting a growth of about 19.5%[33] - Cash and cash equivalents at the end of Q1 2023 were ¥565,458,610.57, an increase from ¥478,380,435.95 at the end of Q1 2022[48] - Total assets at the end of the period were CNY 13.39 billion, reflecting a growth of 2.15% from the previous year[25] - The total assets of the company reached RMB 13.39 billion, compared to RMB 13.11 billion at the beginning of the year, marking an increase of about 2.1%[34] - Total assets and equity as of March 31, 2023, were ¥13,394,274,061.05 and ¥5,775,066,881.67 respectively, compared to ¥13,112,319,825.40 and ¥5,814,168,520.02 at the end of the previous year[44] Liabilities and Financial Expenses - Total liabilities of the company increased to RMB 7.62 billion from RMB 7.30 billion, reflecting a rise of approximately 4.4%[34] - Financial expenses rose by 94.77% to CNY 55.42 million, primarily due to increased interest expenses[10] - Financial expenses increased significantly to ¥55,419,229.39 in Q1 2023 from ¥28,453,869.09 in the same period last year[44] Other Income and Expenses - Other income increased by 119.67% to CNY 10.09 million, attributed to an increase in government subsidies received[10] - Research and development expenses for Q1 2023 were ¥25,533,155.14, a decrease from ¥28,757,063.33 in Q1 2022[44] Shareholder Information - The total number of common shareholders at the end of the reporting period is 11,775, with the largest shareholder, Kaishan Holding Group Co., Ltd., holding 57.25% of shares, equating to 568,900,942 shares[28] Project Updates - The company reported a profit decrease of approximately RMB 30 million from the Sosian-Menengai project compared to the same period last year[32] - The company anticipates completing drilling of the T-13 well in the second quarter, following setbacks from the T-11 well[32] - The revenue from LMF products showed a decline of over RMB 10 million compared to last year, attributed to external factors affecting domestic business[32] - The company maintains a positive outlook for its domestic and international compressor product lines, which continue to show growth in revenue and profit[32] Other Financial Metrics - Other non-current assets increased by 255.55% to CNY 32.44 million due to the increase in other non-current assets at the end of the period[10] - Other payables increased by 45.96% to CNY 66.55 million, indicating a rise in other payables at the end of the period[10] - The weighted average return on net assets decreased to 1.32%, down 0.80% from the previous year[25] - Total operating costs for Q1 2023 were ¥848,879,898.33, up 9.5% from ¥774,964,425.79 in the same period last year[44] - The company reported a net cash outflow from investing activities of ¥261,225,859.67 in Q1 2023, compared to a net outflow of ¥413,804,565.65 in Q1 2022[48]

Compensation and Remuneration - The total remuneration paid to the board of directors, supervisors, and senior management in 2022 amounted to 4.1226 million yuan[6]. - Tang, Yan, the director and general manager, received a pre-tax remuneration of 2.7192 million yuan[6]. - The company has a total of 11 directors, supervisors, and senior management members[6]. - The remuneration for independent directors is determined based on the overall level of similar positions in the industry and region[5]. - The remuneration decision for directors and supervisors is based on the company's profitability and individual performance[5]. - The company’s independent directors received a total of 29.83 million yuan in remuneration collectively[6]. - The company’s employee compensation policy includes fixed and variable components, linking performance to remuneration[40]. - The company has established a comprehensive compensation and benefits system to enhance employee satisfaction and retention[102]. Corporate Governance - The company has not reported any penalties from securities regulatory agencies for its current and recently departed directors, supervisors, and senior management[2]. - The company has established a robust governance structure, ensuring compliance with regulations and enhancing the effectiveness of the board of directors and supervisory board[77]. - The board of directors emphasized ongoing improvements in corporate governance practices to enhance shareholder value[96]. - The company has received warning letters from the China Securities Regulatory Commission for various disclosure violations[170]. Financial Performance - The company reported a net profit of ¥571,830,487.20 for the fiscal year 2022, with a distributable profit of ¥1,673,675,878.29 by year-end[58]. - The company reported a significant increase in revenue, achieving a total of $1.5 billion, representing a 20% year-over-year growth[96]. - The company's operating revenue for 2022 was ¥3,754,252,369.52, an increase of 7.73% compared to ¥3,484,737,325.03 in 2021[148]. - Net profit attributable to shareholders for 2022 was ¥408,659,169.84, representing a growth of 34.58% from ¥303,647,259.97 in 2021[148]. - The total assets at the end of 2022 reached ¥13,112,319,825.40, a 12.96% increase from ¥11,608,200,646.68 at the end of 2021[148]. - The cash flow from operating activities net amount was ¥350,464,899.79, a decrease of 20.14% from ¥438,873,818.14 in 2021[148]. Project Development and Operations - The company has achieved 100% localization of its workforce in manufacturing bases in Austria and the U.S., as well as in geothermal power stations in Turkey and Hungary[19]. - The successful development and operation of the SMGP Phase I and II projects have demonstrated the company's comprehensive geothermal development capabilities, marking a significant breakthrough in the industry[22]. - The company is actively optimizing project construction progress and costs based on practical experience gained during the development process[22]. - The company is focused on providing cost-effective solutions to different markets, which has improved its competitiveness in the engineering and production sectors[20]. - The company is expanding its global market share in key compressor markets, focusing on high-end fields such as centrifugal compressors and magnetic suspension technology[192]. Strategic Initiatives - The company plans to invest over 80 million CNY in external investments and asset purchases in the next twelve months[44]. - The company is focused on developing energy-efficient products, including screw compressors and geothermal power generation projects in Indonesia, the USA, and Hungary[105]. - The company has engaged in community social responsibility activities, such as providing medical assistance and scholarships in project locations[106]. - The company is actively seeking cooperation opportunities with geothermal developers and power station operators in countries like Indonesia, Central and Eastern Europe, Kenya, and Turkey[192]. Employee and Workforce Management - The total number of employees at the end of the reporting period was 3,603, with 2,718 in production, 154 in sales, and 296 in technical roles[39]. - The company has a total of 105 employees with a master's degree or higher, and 470 with a bachelor's degree[39]. - The company has implemented a talent selection philosophy of "simplicity, efficiency, and confidence" in its overseas operations, emphasizing the importance of local team development[19]. - The company has established targeted training programs for different employee groups, including management and technical staff[41]. Compliance and Risk Management - The company has implemented a comprehensive internal control system to mitigate operational risks and enhance management quality[70]. - 100% of the company's total assets and operating income are included in the internal control evaluation scope, indicating full coverage of financial reporting[72]. - The company maintains compliance with various legal and regulatory commitments, ensuring transparency and accountability in its operations[116]. Market Expansion and Product Development - The company is expanding its market presence in Asia, targeting a 25% increase in market share over the next two years[96]. - Research and development expenses increased by 30%, totaling $300 million, to support innovation initiatives[96]. - New product launches included a state-of-the-art software platform, expected to drive an additional $200 million in revenue[96]. - The company completed a strategic acquisition of a competitor for $500 million, enhancing its product offerings[96]. Environmental and Social Responsibility - The management highlighted the importance of sustainability initiatives, committing to reduce carbon emissions by 40% by 2025[96]. - The company emphasizes its commitment to social responsibility, ensuring the protection of shareholder and investor rights through timely and accurate information disclosure[101]. - Employee rights are prioritized, with the company adhering to labor laws and providing timely salary payments and social insurance contributions[102]. - The company is actively involved in promoting green development and responding to global carbon neutrality initiatives[105].

Group 1: Overseas Market Development - Kaishan Compressor USA (KCA) established a dealer network with nearly 100 dealers in North America and Latin America, achieving sales of over $50 million in 2022, with a market share of approximately 9% in the North American oil-injected screw compressor market [2] - The South Asia marketing service center in Mumbai became profitable within two years, gaining recognition from major Indian groups like Tata and L&T [2] - Kaishan's presence in Australia has expanded to four major cities, with a market share of about 8% in the Australian market [2] - The Austrian factory LMF has entered the hydrogen compressor market, securing orders from companies like Uniper and the UK National Grid [2] Group 2: Future Market Focus - The company aims to enhance its presence in the North American market by manufacturing and selling oil-free screw compressors and developing new products like vacuum pumps and blowers [3] - In India, Kaishan plans to become a preferred supplier for major clients and explore local manufacturing opportunities [3] - The company will focus on high-value products in the Middle East market, including air compressors and oil-free screw compressors [3] - The Asia-Pacific market, particularly Vietnam, Indonesia, Malaysia, Thailand, and South Korea, shows significant growth potential [3] Group 3: Product Development and Strategy - Kaishan has a complete product range, with oil-injected screw compressors and oil-injected vacuum pumps already gaining market share [3] - The company plans to promote high-value products such as oil-free screw compressors, centrifugal air compressors, and hydrogen compressors [3] - Kaishan is working towards becoming a comprehensive solution provider, establishing an online quality management system and providing training and certification for dealers [3] Group 4: Geothermal Power Projects - In the U.S., Kaishan has several geothermal projects, including a 3MW plant in Wabuska and a 12.5MW plant in Star Peak, with total resource potential of 40-60MW [4] - In Indonesia, the Sorik Marapi project has a total capacity of 190MW across multiple phases, with the fourth phase expected to be operational in 2023 [5] - The Turawell project in Hungary has a capacity of 1.7MW, while the Transmark project in Turkey is set to expand to 15.8MW [5][6] - In Kenya, the Sosian-Menengai project is expected to be completed in 2023, providing a 35MW geothermal power station [6] Group 5: Future Development Plans - Kaishan's geothermal business will focus on three models: BOOT, EPC, and full-process development [7] - The BOOT model will leverage existing geothermal resources in Kenya and Indonesia to minimize drilling risks [7] - The EPC model will allow Kaishan to supply geothermal power equipment, capitalizing on its established reputation in major geothermal markets [7] - The company plans to develop geothermal resources in North America, Indonesia, and Europe, with a focus on full-process development in the U.S. due to favorable infrastructure and tax incentives [7]