Core Insights - Klete has evolved from selling fans to providing comprehensive cooling solutions, focusing on customer needs and technical challenges [2][5][9] - The company emphasizes a deep understanding of customer equipment conditions to offer customized cooling solutions, positioning itself as a key player in high-end industrial sectors [5][7] Company History and Development - Klete was founded in 1993, initially supplying cold chain fans to a local leader, establishing a strategy of close market proximity and collaboration with major clients [3][4] - The company has transitioned from a focus on individual products to integrated thermal management solutions across various industries, including rail transportation and offshore wind power [5][9] Innovation and Talent Management - Klete's management philosophy centers on understanding and respecting talent, with a unique employee structure that prioritizes engineers over sales personnel [6][7] - The company has successfully attracted top-tier talent, including a national-level expert, by providing a conducive environment for innovation and research [6][7] Financial Performance and Market Position - As of mid-2025, Klete holds a total order value of 577 million yuan, with significant contributions from ship engineering (40%) and nuclear power (24%) sectors [8] - The company faces production capacity challenges due to its reliance on skilled labor and the complexity of its custom orders, which may hinder delivery efficiency [8][9] Future Strategies - Klete plans to issue convertible bonds to raise approximately 200 million yuan for smart and efficient fan projects, aiming to enhance production flexibility and reduce labor dependency [9] - The company is also expanding into upstream manufacturing and comprehensive thermal management solutions, transitioning from a device manufacturer to an industrial service provider [9]