Group 1 - The company is actively expanding its diversified business segments to reduce reliance on a single business, with process pollution control equipment remaining the core revenue source, projected to generate 1.115 billion yuan in 2024, accounting for 54.31% of total revenue, down from 94.42% in the previous year [1] - The end-of-pipe pollution control equipment is expected to generate 219 million yuan in 2024, showing a year-on-year growth of 47.49% from 149 million yuan last year [1] - The company is rapidly developing its photovoltaic products business, with projected revenue of 644 million yuan in 2024, making up 31.35% of total revenue [1] Group 2 - The company solidifies its leading position in the photovoltaic battery process waste gas treatment equipment market through brand, technology, and cost advantages, benefiting from new technology routes and integrated product category expansion, resulting in abundant orders [2] - The company has a strong patent portfolio with 262 patents, including 60 invention patents and 202 utility model patents, achieving a 95% denitrification efficiency and multi-pollutant collaborative treatment [2] - The company has a diverse customer base across various industries, including semiconductor, fine chemicals, automotive manufacturing, steel metallurgy, and cement, which mitigates the risk of high customer industry concentration [2] Group 3 - The company is establishing a high-efficiency solar cell production base in Ningguo, utilizing the world's most advanced automated production equipment, with a projected battery conversion efficiency of ≥26.5% and a bifacial rate of ≥80% in 2024 [3] - The company adopts the mainstream TOPCon technology route, which can enhance photoelectric conversion efficiency by 0.2% and significantly reduce non-silicon manufacturing costs [3] - The company leverages its experience and technical advantages in various industries to effectively lower solar cell production costs, saving water and energy [3] Group 4 - The company is innovating a carbon capture business model by utilizing steel slag to capture CO2 from flue gas, generating solid carbon materials for low-carbon cement/concrete production, enhancing the utilization rate of industrial solid waste [4] - The demand for carbon capture is expected to accelerate, leveraging the company's catalytic technology advantages to capture CO2 at low costs and resourceize steel slag into building materials [4] - The company forecasts a recovery in equipment orders by 2025, with expected net profits of 22 million yuan, 153 million yuan, and 255 million yuan for 2025-2027, respectively, indicating a potential operational turning point [4]