走进上市公司博盈特焊：焊接巨头卡位AI电力基建新风口

Group 1 - The core viewpoint of the article highlights the strategic overseas expansion of Chinese high-end manufacturing companies, particularly focusing on the case of Boying Welding, which is leveraging its technological advantages to meet the increasing power demand in North America driven by AI and other factors [1] Group 2 - The Vietnam base is strategically positioned to cater to the structural power demand in North America, driven by AI data centers, manufacturing reshoring, and the rise of electric vehicles. The first phase of production lines is fully operational with saturated orders [2] - The HRSG (Heat Recovery Steam Generator) components produced at the Vietnam facility are crucial for gas power generation, which is becoming a key solution due to its flexibility and cleanliness compared to traditional power sources [2] - The company plans to build a total of 12 production lines in Vietnam by the end of 2026, with the second phase expected to commence production in the second quarter of next year [2] Group 3 - The company is advancing a differentiated approach in the high-end oil and gas composite pipe market through its "cladding metallurgy composite" technology, which significantly outperforms conventional mechanical composite pipes [3] - This technology targets a high-end market with annual demand reaching several billion dollars, primarily for use in harsh environments such as deep-sea and high-corrosion applications [3] - The core process of "large area, high quality, automated cladding" serves as a technological moat for the company, enabling it to bypass low-cost competition and enter high-value markets [3] Group 4 - The company has established a "headquarters brain + global capacity" collaborative model for its overseas operations, ensuring unified coordination of market development, technical solutions, and project management from its headquarters [4] - Orders are dynamically allocated based on trade policies and production capacities, with the Vietnam base handling orders that meet North America's "non-China manufacturing" requirements [4] - The company is evaluating the feasibility of replicating its global capacity model in potential regions like the Middle East to enhance its international presence in energy construction markets [4]