Group 1: Company Overview and Product Applications - The company specializes in gas turbine products primarily used in distributed energy projects across various industries, including power, chemicals, municipal services, and papermaking [1] - Successful provision of gas turbine units for projects such as Kunshan GCL, Zhejiang Petrochemical, and China Guodian [1] - Over 50 gas turbine units have been delivered in collaboration with Siemens [1] Group 2: Research and Development Progress - The first self-developed 55MW gas turbine successfully ignited in 2025, with ongoing performance testing [2] - Hydrogen combustion tests have been completed with a 40% hydrogen blend [2] - The first commercial demonstration project has been established in Lianyungang to promote marketization of self-developed turbines [2] Group 3: Revenue Sources and Service Capabilities - Revenue from gas turbine business includes project sales and long-term service contracts [2] - A wholly-owned subsidiary is developing a professional talent pool for gas turbine maintenance, enhancing service capabilities [2] Group 4: Competitive Advantages - The company has 67 years of experience in the industrial turbine market, serving core clients in refining, petrochemicals, metallurgy, and coal chemical industries [2] - Established multiple domestic industry standards, creating competitive advantages in market presence, brand, technology, quality, talent, and service [2] - Customization, flexible manufacturing, and agile service enhance user experience [2] Group 5: Major Asset Restructuring Progress - The restructuring plan has been approved by the State-owned Assets Supervision and Administration Commission and the shareholders' meeting, with subsequent reporting to the stock exchange [2]