Group 1 - The core viewpoint of the article highlights the significant market potential for waste incineration power generation in developing countries, particularly in Southeast Asia, Central Asia, and Latin America, due to rapid urbanization leading to increased waste generation [1] - Countries like Vietnam, Thailand, and Indonesia have included waste incineration in their national strategies, supported by government policies such as waste treatment fee subsidies and favorable grid electricity prices to promote the development of waste incineration power generation [1] - In developed regions like Europe and North America, the waste incineration industry is relatively mature, but there is a growing demand for upgrading and retrofitting existing incineration facilities due to their earlier construction [1]

Group 1 - The company primarily adopts the "FOB" (Free On Board) trading model for revenue recognition, confirming revenue after completing production, export customs procedures, and loading goods onto the ship, with shipping costs borne by the buyer [2]

证券日报网12月16日讯博盈特焊（301468）在回答调研者提问时表示，不同客户对HRSG的要求会有所 区别，HRSG产品因下游客户选定的燃气轮机型号、电厂运行环境、项目规模、技术方案等多种因素存 在差异。公司根据客户的需求，对HRSG产品进行生产与制造。公司"以销定产"，HRSG产品定价由材 料预算、工时预算、其它费用和由设定的净利润率计算出的净利润构成。 ...

Core Viewpoint - The company, Bointech Welding (301468), anticipates that by September 30, 2025, approximately 54.28% of its revenue will come from overseas markets, indicating a strong focus on international expansion [1] Group 1: International Revenue and Market Expansion - As of September 30, 2025, the company's overseas revenue is projected to be around 54.28% [1] - The company primarily exports its products to regions including Asia, North America, South America, and Europe [1] - The main strategy for expanding into overseas markets relies on business negotiations [1] Group 2: Company Strengths and Industry Position - The company is one of the earliest domestic enterprises engaged in industrial equipment anti-corrosion and wear-resistant welding [1] - It has established a strong brand image in the industry due to its deep technical expertise, excellent manufacturing processes, and high product quality [1] - The company has gained customer trust and recognition across various aspects such as technical strength, product quality, production scale, application cases, product pricing, and industry reputation [1]

（编辑 丛可心） 证券日报网12月16日讯 博盈特焊在回答调研者提问时表示，为进一步扩大越南基地的产能规模，增加 HRSG等产品的产能配套，增强公司承接大额订单的能力，更高效地响应客户需求，提升产品交付能力 与服务质量，公司对越南生产基地增加不超过2.75亿元的投资，拟用于购买土地使用权、在越南生产基 地新建厂房与配套基础设施、扩建HRSG等产品的生产线等。目前，越南公司已与出租方签署《土地保 留合同》，事项进展顺利。后续公司将严格按照相关规定，及时履行信息披露义务。 ...

Group 1 - The company has four HRSG production lines in the first phase of its Vietnam production base, with the second phase expected to commence production in the second quarter of next year [1] - The company plans to adjust its capacity planning in Vietnam based on current market demand, aiming to establish a total of 12 HRSG production lines at the Vietnam base [1] - Domestically, the company has laid out two HRSG production lines at its large concave production base, primarily serving customers outside of North America [1]

Core Viewpoint - The company is expanding its HRSG production capacity in Vietnam and has made adjustments to its capacity planning based on current market demand [1] Group 1: Production Capacity - The first phase of the Vietnam production base has a total of 4 HRSG production lines [1] - The second phase of the Vietnam production base is under steady construction and is expected to commence production in the second quarter of next year [1] - The company plans to build a total of 12 HRSG production lines at the Vietnam production base [1] Group 2: Domestic Operations - The company has laid out 2 HRSG production lines at its domestic Da'ao production base [1] - The products from the domestic production base are primarily supplied to customers outside of North America [1]

证券日报网讯 12月16日，博盈特焊在互动平台回答投资者提问时表示，为进一步扩大越南基地的产能 规模，增加HRSG等产品的产能配套，增强公司承接大额订单的能力，更高效地响应客户需求，提升产 品交付能力与服务质量，公司拟对越南生产基地增加不超过2.75亿元的投资，拟用于购买土地使用权、 在越南生产基地新建厂房与配套基础设施、扩建HRSG等产品的生产线等。 （文章来源：证券日报） ...

Core Viewpoint - The company, Boying Special Welding (301468), focuses on the research, development, production, and sales of specialized equipment, primarily serving various industrial sectors such as energy conservation, environmental protection, electricity, energy, chemicals, metallurgy, and papermaking [1] Group 1 - The company's technology and products are currently not applied in the aerospace or satellite manufacturing sectors, with no plans or collaborations in these areas at this time [1] - The company is committed to continuously monitoring the latest developments and future opportunities in the industry [1] - The company aims to actively explore development opportunities in response to market dynamics [1]

Group 1: Company Overview and Market Position - Guangdong Boying Special Welding Technology Co., Ltd. was established in 2007, focusing on welding services for North American offshore drilling platforms and has since expanded into anti-corrosion and wear-resistant welding fields [1] - The company successfully listed on the Shenzhen Stock Exchange's Growth Enterprise Market in July 2023, emphasizing its commitment to welding technology and solutions [1] - The company aims to maintain its leading position in the domestic market while actively exploring overseas markets, including investments in a production base in Vietnam [1] Group 2: Market Demand and Expansion - The company has identified significant market opportunities in the HRSG (Heat Recovery Steam Generator) and oil and gas composite pipe sectors, with HRSG already achieving a certain scale of production [2] - As of September 30, 2025, overseas revenue accounted for approximately 54.28% of total revenue, with products primarily exported to Asia, North America, South America, and Europe [2] - The demand for waste incineration in overseas markets is expected to grow, particularly in developing countries facing rapid urbanization and waste management challenges [3] Group 3: Production Capacity and Investment - The Vietnam production base has four HRSG production lines in phase one, with plans for a total of 12 lines, and phase two is under construction [5] - The company plans to invest up to 275 million yuan in the Vietnam base to expand production capacity and improve service quality [6] - The revenue recognition method primarily follows the FOB (Free On Board) trade model, confirming revenue upon completion of production and export procedures [7]