SSET(SZ:300540) Xin Lang Cai Jing·2025-09-08 10:46Core Insights - Sichuan Shudao Equipment Technology Co., Ltd. has shown significant growth in its business performance, with a 35.24% increase in revenue and a remarkable 5972.30% rise in net profit in the first half of 2025 compared to the previous year [3] Group 1: Company Performance - The company achieved a revenue of 205 million yuan in the first half of 2025, reflecting a year-on-year growth of 35.24% [3] - The net profit attributable to shareholders reached 10.15 million yuan, marking a substantial increase of 5972.30% year-on-year [3] Group 2: Technological Advantages - The company specializes in cryogenic separation technology, focusing on natural gas liquefaction and air separation, with a strong capability in designing and manufacturing LNG liquefaction plants and air separation units [4] - It has the capacity to design and manufacture LNG liquefaction plants with a daily processing capability of 10 million cubic meters and air separation units with a daily output of 1000 tons [4] Group 3: Innovation and Talent Development - In 2024, the company invested 31.58 million yuan in R&D, accounting for 3.66% of its annual revenue of 862 million yuan; in the first half of 2025, R&D investment was 11.12 million yuan, representing 5.42% of its revenue [5] - The company has a team of nearly 100 R&D personnel, including over 15 senior engineers with more than 20 years of experience, and is focused on enhancing R&D capabilities through incentive mechanisms and talent acquisition [5] Group 4: Hydrogen Energy Initiatives - The company is advancing its hydrogen energy business by leveraging resources from Shudao Group and collaborating with partners like Toyota to establish a joint venture for hydrogen energy applications [6] - A fuel cell stack production line is being constructed in Chengdu, with the joint venture expected to commence production in the fourth quarter of 2025 [6] Group 5: Collaborative Innovation - The company is adopting an open innovation model, collaborating with universities and enterprises to promote technological innovation and market expansion in the hydrogen energy sector [7] Group 6: Strategic Resource Allocation - The company follows a strategy of "focusing on transformation, driving innovation, internal growth and external expansion, and collaborative development," aiming to strengthen its market position in equipment manufacturing while enhancing operational capabilities through gas operations [8]