XZCE(SZ:002534) Zheng Quan Shi Bao Wang·2025-09-09 08:35Industry Overview - The energy structure transformation in China is entering a critical phase under the "dual carbon" goals, with efficient utilization of traditional energy and new energy peak regulation becoming key issues [1] - The market demand for waste heat boilers is experiencing explosive growth, driven by policy support and global energy transition [1] - The industry is currently in a high prosperity cycle, with domestic carbon neutrality goals accelerating energy-saving and emission-reduction efforts [1] Company Performance - Xizi Clean Energy has supplied over 450 waste heat boilers, achieving a domestic market share of over 50% and becoming the only tier-one supplier for GE in China [1][2] - The company has received multiple awards for technological advancements, including national and provincial science and technology progress awards [1] - Significant projects signed in 2025, such as the Datang South Power Phase II gas turbine innovation project, highlight the company's strength and role in supporting national energy structure adjustments [2] Future Outlook - Policies like the "2024-2025 Energy Saving and Carbon Reduction Action Plan" will continue to drive the rapid development of industrial waste heat utilization and CCPP power station construction [3] - Xizi Clean Energy is expected to maintain its leading position in the waste heat boiler sector due to its market share, nearly 50 years of technological accumulation, and experience in both domestic and international projects [3]