Shandong Zhangqiu Blower(SZ:002598) Dong Jian Yan Bao·2025-05-15 15:06Report Summary 1. Report Industry Investment Rating No information provided regarding the industry investment rating. 2. Core View of the Report The report focuses on the investor questions and company responses during the analyst meeting of Shandong Zhanggu, covering various aspects of the company's business, including its subsidiaries' operations, product applications, and market performance [24]. 3. Summary by Relevant Catalogs 3.1. Research Basic Situation - The research object is Shandong Zhanggu, belonging to the general equipment industry [17]. - The reception time was on May 15, 2025, and the listed company's reception personnel included the CFO Zhao Xiaofen, the securities affairs representative Zhang Hong, and the board secretary Chen Chao [17]. 3.2. Detailed Research Institutions The reception objects include investors' online questions and others, but specific details about the institutions are not fully provided [20]. 3.3. Research Institution Proportion No information provided about the research institution proportion. 3.4. Main Content Materials - Subsidiary Business: Ningbo Squirrel Power Technology Co., Ltd., a joint - venture subsidiary, focuses on fan motors, frequency converters, high - speed bearings, etc. [24]. - Drone Business: In June 2024, Shandong Zhanggu and its subsidiary Zhanggu Liporui jointly invested in Haili Tianmeng, a drone - related enterprise with various civilian and military drone products, and its production and operation are currently in good condition with sufficient orders [24][26]. - Market Value Management: The company attaches importance to market value management, and will strengthen communication with investors and improve information disclosure [25]. - Magnetic Levitation Product: The company is actively exploring and optimizing the design and manufacturing process of magnetic levitation products, aiming to improve their comprehensive performance and applicability in various scenarios [25]. - Product Application and Market: The company's magnetic levitation products cover a wide range of power and are widely used in multiple key industries, providing customized solutions [27]. - Leading Products and Technologies: Shandong Zhanggu is a national high - tech enterprise, leading in the R & D of Roots blowers in China with the highest domestic market share. It also ranks first in products in other fields such as industrial ceramic slurry pumps [28]. - Nuclear Power Orders: The company has obtained 3 new nuclear power orders in 2025, and its order scale and market competitiveness in the nuclear power field are expected to increase [29]. - Data Center Application: The company's magnetic levitation compressor has the potential for large - scale application in data centers, but it is not yet clear if it has been used, and the company is closely monitoring the industry [29].