Core Viewpoint - The company is focusing on the "fluid control" sector and is upgrading its business through external acquisitions, particularly in high-end metal valve manufacturing, while maintaining a strong performance in its traditional business lines [2] Group 1: Business Strategy - The company is strategically concentrating on the "fluid control" field, enhancing its existing PCCP pipeline and metal fittings business [2] - The company is rapidly entering the high-end metal valve manufacturing sector through external acquisitions [2] Group 2: Nuclear Power Business - The company's subsidiary, Xinfeng Pipe Industry, is one of the first in China to obtain the "Civil Nuclear Safety Equipment Manufacturing License" in 1996 [2] - The company has participated in several key construction projects in China's nuclear power sector, supplying pipe fittings for various generations of nuclear power plants [2] - Revenue from the nuclear power-related business accounts for approximately 5% to 10% of the company's total operating income in recent years [2]

Core Viewpoint - The company is focusing on the "fluid control" sector, expanding into high-end metal valve manufacturing through acquisitions, thereby upgrading its business from "pipes + valves" to high-end metal products [1] Group 1: Business Strategy - The company has a strategic focus on the "fluid control" field, building on its existing PCCP pipeline and metal fittings business [1] - Through external acquisitions, the company has quickly entered the high-end metal valve manufacturing sector [1] Group 2: Subsidiary and Industry Involvement - The company's wholly-owned subsidiary, Xinfeng Pipe Industry, was one of the first in China to obtain the "Civil Nuclear Safety Equipment Manufacturing License" in 1996 [1] - The subsidiary has participated in several key construction projects in China's nuclear power sector, supplying pipe fittings [1] Group 3: Revenue Contribution - In recent years, the revenue from the nuclear power-related business has accounted for approximately 5%-10% of the company's total operating income [1]