NEW JCM(SZ:300157) Zheng Quan Shi Bao Wang·2025-05-28 10:57Core Viewpoint - The company, Xinjing Power, is focusing on expanding its global market presence and enhancing its product offerings in the energy and chemical sectors, leveraging its technological advancements and strategic partnerships to drive sustainable growth [1][3][4]. Group 1: Business Overview - Xinjing Power has established a comprehensive industrial chain in the turbomachinery sector, integrating technology research and development, equipment manufacturing, and engineering services [1]. - The company's main products are utilized in various fields including petrochemicals, coal chemicals, natural gas chemicals, and renewable energy [1]. - The company is focusing on upgrading its product matrix, particularly in areas such as green hydrogen and ammonia integration, and compressed gas storage [1][3]. Group 2: Financial Performance - In 2024, Xinjing Power achieved a revenue of 552 million yuan and a net profit of 67.1 million yuan, marking a turnaround from previous losses [2]. - The company has improved its cash flow and reduced overdue debts through effective debt restructuring and communication with creditors [2]. - As of the end of the first quarter, the company had an order backlog of approximately 1.681 billion yuan, indicating a growing demand for its products [2]. Group 3: Global Expansion - Xinjing Power is actively expanding its production capacity with a strategic layout that includes a main plant in Jinzhou and supporting bases in Shijiazhuang, Langfang, and Chengdu [3]. - The company has successfully entered international markets, signing contracts for significant projects such as a 3,000 tons per day ammonia compressor unit [3]. - Recent achievements include entering the supply chain of international high-end energy equipment and securing maintenance projects for natural gas pipelines [3][4]. Group 4: Technological Advancements - The company is leveraging its technological capabilities to enhance its market reputation and secure priority cooperation opportunities in equipment upgrades and energy efficiency [5]. - Xinjing Power has made strides in domestic equipment localization, successfully delivering a 500,000-ton ethylene compressor and winning contracts for significant chemical projects [5]. - The company aims to continue optimizing its product offerings to meet customer demands for efficiency and sustainability [5].