NEW JCM(SZ:300157) Xin Lang Cai Jing·2025-07-31 07:38Core Viewpoint - The interview with Wang Yanqiu, the Secretary of the Board of Directors of Xinjing Power, highlights the company's commitment to becoming a leader in energy transformation and its focus on high-end equipment manufacturing in the energy sector [5][16]. Company Overview - Xinjing Power was established in 2005 and went public on the Shenzhen Stock Exchange in 2011. The company has built a full industry chain from technology research and development to equipment manufacturing and engineering services [5]. - The company aims to provide industrial turbine machinery solutions and zero-carbon technology collaboration, focusing on both domestic and emerging international markets [5][6]. Financial Performance - The company has maintained steady revenue growth over the past three years, averaging over 500 million yuan annually. The gross profit margin has been increasing, with improvements across all segments [6]. Strategic Focus - Xinjing Power is currently in a strategic focus phase, emphasizing a modern governance system and enhancing investor relations management [5][7]. - The company has implemented stock incentive plans for 2023 and 2025 to attract and retain talent, supporting long-term sustainable development [7]. Innovation and Technology - The core of new productive forces in the industry is seen in technological innovation and green low-carbon transformation. The company focuses on enhancing energy conversion efficiency and reducing energy consumption through key technological breakthroughs [8][9]. - Xinjing Power is committed to achieving core technology autonomy and fostering an innovative ecosystem by collaborating with industry partners [9]. Market Strategy - The company is balancing traditional and emerging businesses by optimizing product performance in traditional chemical equipment while expanding into green hydrogen and ammonia integration [10][11]. - Xinjing Power is actively pursuing international market opportunities, particularly in the Middle East and Central Asia, while maintaining a strong domestic market presence [13]. Research and Development - The company recognizes R&D as a key driver of value creation, with R&D investment amounting to 26.55 million yuan in 2024, representing 4.81% of revenue. The R&D team consists of 167 members, accounting for 17% of total employees [14][15]. - Xinjing Power has established a dedicated research institute for turbine machinery, focusing on high-efficiency and environmentally friendly energy solutions [15].