格隆汇1月7日丨博盈特焊(301468.SZ)在投资者互动平台表示，目前，部分潜在客户的审厂流程已完 成，后续将进入订单谈判环节。若公司后续相关事项有达到法定信息披露条件的，公司将按照规定及时 披露。越南生产基地一期生产线已满产，二期建设正稳步推进中，预计将于今年二季度投产。公司会根 据订单的紧急程度、原材料供应、设备状态、资源情况等因素进行综合评估并安排生产，以确保持续稳 定的供应。 ...

Core Viewpoint - The company, 博盈特焊 (301468.SZ), has established business collaborations with several prominent North American companies in the EPC (Engineering, Procurement, and Construction) sector [1] Group 1: Business Collaborations - The company is primarily engaged with notable EPC contractors including General Electric (GE), Shimizu Corporation (SFW), Oschatz, Babcock & Wilcox (B&W), Hitachi Zosen (HZI), Stantec, and Mitsubishi [1]

Group 1 - The core viewpoint of the article highlights that the company, Boyingte Welding, primarily expands its overseas market through business negotiations [1] - The company is one of the earliest in China to engage in industrial equipment anti-corrosion and wear-resistant overlay welding [1] - The company has established a strong brand image in the industry due to its deep technical expertise, excellent manufacturing processes, high product quality, and positive customer feedback [1] Group 2 - The company has gained recognition and trust from clients across multiple aspects, including technical strength, product quality, production scale, application cases, product pricing, and industry reputation [1] - The company's advantages in customer development stem from its solid brand reputation and comprehensive capabilities in the industry [1]

Group 1 - The company adopts a "sales-driven production" strategy for its HRSG products, indicating a flexible approach to manufacturing based on market demand [1] - Pricing for HRSG products is determined by material costs, labor estimates, other expenses, and a set net profit margin, ensuring a structured pricing model [1] - The company asserts that rising raw material prices will not impact the profit margins of its products, indicating strong cost management practices [1]

Group 1 - The company BoYingTe Welding operates its Vietnam base primarily under the FOB (Free On Board) trade model [1] - Under the FOB model, the transportation costs for HRSG products, including shipping fees, freight, and tariffs, are borne by the customers [1]

Core Viewpoint - The company is focusing on expanding its HRSG production capacity in Vietnam to meet the increasing demand from the North American market, where there is a supply-demand imbalance for gas turbines [1] Group 1: Company Strategy - The company plans to build a total of 12 HRSG production lines in Vietnam, along with expanding its Phase III production base to accommodate the new lines [1] - The company aims to enhance its production and delivery capabilities significantly with the commissioning of these 12 production lines [1] Group 2: Market Dynamics - The North American gas turbine market is currently experiencing a supply shortage, leading to an increased demand for HRSG, which is a core heat exchange device for gas turbines [1] - The company's products are expected to have a cost advantage compared to competitors from South Korea, Thailand, and Vietnam [1]

Core Viewpoint - The company, Boyingte Welding, has established three production bases, with annual planned production capacity of approximately 600 million RMB for each base, subject to various operational factors [1] Group 1: Production Capacity - The company has three production bases: one domestic headquarters and two others, including an under-construction base in Diao and an overseas base in Vietnam [1] - Each production base has an annual planned capacity of around 600 million RMB [1] Group 2: Operational Factors - Actual output will depend on several factors, including order volume, equipment status, employee efficiency, supply chain stability, and production scheduling [1]

Group 1: Company Overview and Market Position - The company has shown significant growth in overseas markets, particularly in the waste incineration sector, driven by demand in developing countries and policy support [1] - The company has established a new production base in Vietnam, which is expected to enhance production capacity and support market expansion [1] - The company has a strong competitive edge due to its technology barriers and brand advantages, with three production bases globally [2] Group 2: Financial Performance and Shareholder Returns - The company has distributed approximately 100 million RMB in dividends since its listing, enhancing shareholder satisfaction [2] - From October 2024 to October 2025, the company plans to repurchase shares worth over 40 million RMB, which will be fully canceled to stabilize and enhance investment value [2] Group 3: Production Capacity and Market Strategy - The company plans to build 12 HRSG production lines in Vietnam, targeting the North American market, where demand is currently outstripping supply [3] - Each of the three production bases has an annual planned capacity of approximately 600 million RMB, with actual output dependent on various operational factors [4][5] - The company primarily relies on business negotiations to acquire overseas clients, leveraging its strong technical foundation and product quality [6] Group 4: Cost Management and Logistics - The pricing of HRSG products is structured to remain unaffected by rising raw material costs, as it is based on a defined profit margin [7] - Transportation costs for HRSG products from the Vietnam base are borne by the customers under the FOB (Free On Board) trade model [7]

Core Viewpoint - The company has successfully launched four HRSG production lines at its Vietnam facility, which are currently operating at full capacity, and is progressing with the expansion of the remaining eight production lines to meet increasing customer demand [1] Group 1: Production and Expansion - The first phase of the Vietnam production base, consisting of four HRSG lines, is now in full production [1] - The company is steadily advancing the expansion plan for the remaining eight production lines [1] - New production lines are being constructed to accelerate response to customer demand [1] Group 2: Customer Engagement and Orders - The company has received production system certifications from some customers and has secured corresponding orders [1] - The audit processes for some potential customers have been completed, and the company is moving into the order negotiation phase [1] - The company will disclose any relevant information in accordance with legal disclosure requirements if certain conditions are met [1]

Group 1 - The company BoYing TeHan announced that on January 5, 2026, it will accept an investor survey from Panze Asset and other investors, with participation from the company's director, deputy general manager, and board secretary Liu Yining, as well as investor relations management specialist Tan Jingyi [1] Group 2 - The iMoutai App saw a surge in popularity, reaching the top of the Apple shopping chart, with 100,000 users placing orders for the product priced at 1499 yuan, which quickly sold out [1]