Xin Lang Zheng Quan·2025-12-30 13:30Core Viewpoint - Sichuan Shudao Equipment Technology Co., Ltd. is actively engaging with institutional investors regarding its joint ventures, overseas order strategies, commercial aerospace expansion, and acquisition pathways, highlighting its proactive approach in new business development and industry chain integration [1][4]. Group 1: Joint Venture with Toyota - The joint venture with Toyota focuses on localizing hydrogen fuel cell systems, with Toyota providing core technology support while the company handles market development and supply chain integration [3]. - The fuel cell production line in Chengdu has been completed, with product testing and local government support for commercial vehicle demonstration projects underway [3]. Group 2: Overseas Orders for Cryogenic Equipment - The company aims to leverage its core competencies to deepen localized services and expand into emerging markets, emphasizing a significant competitive advantage as a key driver for overseas business growth [3]. Group 3: Liquid Hydrogen Applications in Aerospace - In the commercial aerospace sector, the company is developing liquid methane equipment for rocket propulsion, with a completed production facility awaiting testing [3]. - The company has secured an order for a liquid air separation unit for the Jiuquan Aerospace Industry Park, which will supply high-purity liquid oxygen, nitrogen, and argon [3]. Group 4: Acquisition Strategy - The company plans to adopt a "fund first, direct investment collaboration" approach in the gas industry, integrating quality targets through industrial funds and capturing market opportunities for acquisitions [3].