Core Viewpoint - The company, Guangdong Boying Special Welding Technology Co., Ltd., is focused on special equipment manufacturing, particularly in anti-corrosion and anti-wear welding equipment, with significant growth potential in various industrial sectors [2][9]. Group 1: Company Overview and Competitive Advantages - The company specializes in special equipment manufacturing, extending into industrial equipment, high-end structural components, and large equipment manufacturing [2]. - Key competitive advantages include deep technical barriers, experienced management, significant first-mover advantages, and high-quality customer resources [2]. - The company holds various certifications, including the national special equipment production license and international certifications such as ASME and EN [2]. Group 2: Market Opportunities - The company identifies strong market demand in waste incineration, coal-fired power generation, and chemical industries as growth drivers [2]. - The company is strategically positioning itself in the HRSG (Heat Recovery Steam Generator) and oil and gas composite pipe markets, with HRSG already having scalable production capacity [2]. Group 3: Global Expansion - The company has established three production bases domestically and internationally, with its Vietnam factory now operational and ongoing expansion in the Middle East oil and gas pipeline market [3]. Group 4: Technology and Applications - The company elaborated on its welding technologies, including MIG, TIG, and laser welding, highlighting their specific applications and advantages in various industrial contexts [4]. - Innovations such as digital pulse MIG high-frequency oscillation welding technology have positioned the company as a leader in welding quality [4]. Group 5: Oil and Gas Pipeline Market - The global oil and gas pipeline market is experiencing structural growth driven by increased natural gas demand, energy construction projects due to geopolitical conflicts, and the need for upgrading aging pipelines in Europe and the U.S. [5]. - The company plans to adopt a market-driven production strategy, ensuring stable commercial relationships with clients [5]. Group 6: HRSG Business Insights - The HRSG product production cycle is approximately six months, with a focus on components that have high value within the overall heat recovery boiler system [6]. - The company has established a competitive edge by covering major North American gas turbine suppliers and possessing extensive overseas experience [6]. Group 7: U.S. HRSG Demand Analysis - The U.S. HRSG market is currently in a growth phase, driven by structural increases in electricity demand from sectors like AI data centers and electric vehicle charging stations [8]. - The company's HRSG products align with the U.S. carbon neutrality goals, enhancing gas turbine efficiency and supporting the transition to cleaner energy [8]. Group 8: Summary and Outlook - As a globally recognized manufacturer of energy special equipment, the company is well-positioned for long-term growth due to its technological barriers, brand advantages, and scalable manufacturing capabilities [9]. - The advancement of HRSG and oil and gas composite pipe businesses is expected to further enhance growth potential and support sustained performance [9].