Industry Overview - The global welding and cutting equipment market is dominated by manufacturers from developed countries, accounting for over 50% of the market share, with the largest three manufacturers being Lincoln, Miller, and ESAB [2][3] - The domestic welding industry has many players with low concentration, leading to increased competition and potential market consolidation as weaker companies are phased out [3] Company Positioning - The company has a strong competitive position in the domestic welding equipment industry, backed by significant technical expertise and industry experience [3] - The company aims to continuously develop new technologies and products with independent intellectual property rights to drive growth [3] Future Trends - The welding equipment industry is trending towards digital control, intelligent process control, network integration, and automation [4] Competitive Advantages - **Innovation Advantage**: The company has a strong track record of innovation, having developed the first domestic inverter welding machine and holding over 200 national patents [5][10] - **Brand and Channel Advantage**: The company has established a robust distribution network with nearly 400 primary dealers and over 2000 secondary dealers in China, and over 100 dealers in more than 60 countries globally [6][14] - **Quality and Cost-Effectiveness**: The company’s products are known for high reliability, low failure rates, and competitive pricing, providing a strong value proposition [6] Sales and Marketing Strategy - The company employs a dealer sales model, with a focus on digital marketing and online sales through platforms like Douyin and Kuaishou [7] - The company actively participates in industry exhibitions and holds dealer communication meetings to enhance market presence [7] Digital and Automation Development - The company has been developing digital welding machines for many years and has established a digital welding laboratory in collaboration with a national key laboratory [8] - The company offers a range of automated welding products, including welding robots and large-scale automated production lines [9] Product Applications - The company’s products are widely used in various industries, including new energy vehicles, marine engineering, military, aerospace, and construction [13] International Sales - Approximately one-third of the company’s inverter welding products are sold overseas, with significant markets in Southeast Asia, Australia, and the Middle East [14] Future Development Plans - The company is constructing an intelligent manufacturing industrial park to enhance production capabilities and competitiveness [15] - The company is exploring strategic partnerships and acquisition opportunities in related fields to expand its industry scale [17] Shareholder Returns - The company has a stable profit distribution policy and has outlined a shareholder return plan for 2024-2026 [18]

焊接，曾被称作工业制造的 " 针线活 " —— 传统焊工如同经验丰富的裁缝，靠肉眼判断焊缝、凭手感控 制电流，但效率低、质量波动大，且长期面临高温、烟尘的健康威胁。 焊接机器人的诞生，如同为制造业引入了一台 "智能缝纫机"：它能以毫米级精度"穿针引线"，用算法替代 经验，用持续稳定取代人力疲劳。 在 1969 年 通用汽车首次将工业机器人用于点焊 的时候，虽然惊艳其精度和速度，却也一度困扰于这庞 大产品的体积与笨重感：这不是一个符合人类美学与使用习惯的产品。 2025 年 4 月 25 日，我们在法奥以" FAIRINO AIRLab 让机器人看懂焊缝"为主题的产品发布会上， 看 到了人类机器人技术的再次进化。 这场发布会不仅展现了 AI 视觉与协作机器人的深度融合能力，更 为汽车制造、钢结构、船舶等行业的焊 接工艺降本增效开辟了新路径。 数十年来，在如 FANUC 、 ABB 、 KUKA 等日本和欧洲企业主导下，焊接领域的机器人经历了数次革命 性的迭代，例如激光跟踪、视觉系统在机器人上集成，提升了焊接路径精度。又例如采用 PLC 和计算机控 制，实现了机器人复杂轨迹的规划。机器人焊接技术的精度越来越高，应 ...

Group 1: Company Overview - The company is Shenzhen Ruiling Industrial Group Co., Ltd., with the stock code 300154 and the abbreviation Ruiling Co., Ltd. [1] - The company focuses on welding equipment, including inverter welding and cutting equipment, and automation products [2][4]. Group 2: Product Categories - The main product categories include inverter DC manual arc welding machines, inverter argon arc welding machines, semi-automatic gas shielded welding machines, and plasma cutting machines [2]. - The automation series includes welding trolleys, digital welding equipment, high-efficiency welding systems, and robotic welding system integration [2][7]. Group 3: Market and Customer Base - The customer base is diverse, covering industries such as shipbuilding, steel structures, furniture, machinery, construction, hardware, decoration, and oil pipelines [2][3]. - The company primarily uses a distributor sales model, making it challenging to quantify specific downstream industry demand [3]. Group 4: International Sales - Approximately one-third of the company's inverter welding and cutting equipment sales are from overseas markets [5]. - The company has over 100 distributors in more than 60 countries, with a focus on Southeast Asia, Australia, the Middle East, and Russia [5]. Group 5: Technological Development - The company has developed a digital welding machine-specific chip that enhances product performance and reduces costs, successfully applied across multiple product lines [4][9]. - The company holds over 200 national patents and emphasizes continuous technological innovation as a core competitive advantage [8][9]. Group 6: Sales Strategy - The company has nearly 400 primary distributors and over 2,000 secondary distributors domestically, with more than 100 overseas distributors [10]. - Digital marketing efforts include promoting products on platforms like Douyin, Kuaishou, and WeChat, enhancing online service quality [10]. Group 7: Future Development - The company aims to explore sustainable development opportunities and strategic partnerships with leading enterprises in welding equipment, smart manufacturing, and related fields [6]. - The company is actively developing laser welding products, which are seeing an upward sales trend [11].