山东奥福环保科技股份有限公司2024年年度报告摘要

Core Viewpoint - The company focuses on the research and application of honeycomb ceramic technology, providing a series of products for air pollution control, particularly in the automotive exhaust treatment sector [4][5][11]. Group 1: Company Overview - The company specializes in the development and production of honeycomb ceramic products, including various types of carriers for automotive exhaust treatment [4][5]. - The company has established a significant competitive advantage in the large-size honeycomb ceramic carrier market, particularly for heavy-duty diesel vehicles [20]. Group 2: Industry Situation - The honeycomb ceramic carrier industry is characterized by high technical barriers, including complex manufacturing processes and significant R&D challenges [15][16][19]. - The global market for honeycomb ceramic carriers is dominated by Corning and NGK, which together hold over 90% of the market share [18]. - The industry is experiencing a shift due to the implementation of stricter emission regulations in China, which is driving domestic manufacturers to innovate and increase market share [12][21]. Group 3: Business Model - The company employs a "make-to-order" procurement model for raw materials, ensuring a steady supply based on production needs [5]. - The sales strategy includes direct sales to domestic and international customers, with specific processes for both domestic and overseas markets [7][8]. Group 4: Technological Development - The company has made significant advancements in technology, holding 42 authorized invention patents and receiving national awards for its innovations [20]. - The ongoing evolution of emission standards is expected to further drive the development of honeycomb ceramic technology, with a focus on low thermal mass and high surface area designs [21].