Group 1: Financial Performance and Orders - The company has a total of approximately ¥2.9 billion in hand nuclear power orders, with ¥1.6 billion from the group and about ¥600 million in new orders signed this year [4]. - The expected gross margin for nuclear power valves is closely related to the product output structure, with variations based on pricing ability, cost composition, and market competition [3]. - The company aims to maintain a steady performance in 2025, with a focus on optimizing business structure and enhancing core competitiveness [12]. Group 2: Production Capacity and Expansion - The company’s nuclear power production capacity can currently support the production of valves for 8 reactor units, with plans to increase this to 10 units after the completion of the third phase of construction by mid-2026 [6]. - The first two phases of capacity expansion have been completed, enhancing testing, processing, and storage capabilities [6]. - The company is actively pursuing capacity expansion in the nuclear sector to meet strategic development opportunities [14]. Group 3: Technological Development and Market Strategy - The company is focusing on high-end valve localization strategies and aims to support the development of fusion reactor valve equipment [7]. - It has a comprehensive product range in both nuclear and non-nuclear fields, with strong research and product integration capabilities [14]. - The company is committed to continuous technological innovation and digital transformation to enhance core competitiveness and expand market share [11]. Group 4: Industry Engagement and Project Involvement - The company has been actively involved in coal chemical projects since 2014, achieving significant milestones in valve development for coal chemical processes [9]. - Recent bids for projects include upgrades for coal-to-oil facilities and hydrogenation units, with successful order acquisitions [10]. - The company has a history of significant orders in the coal chemical sector, collaborating with major clients in the industry [10].