Group 1 - The board of Taiyuan Heavy Industry has elected Tao Jiajin as the chairman of the 10th board of directors [2] - Tao Jiajin, born in May 1973, has extensive experience in various positions within state-owned enterprises in Shanxi [2] - Prior to this appointment, Tao served as the deputy secretary of the party committee, vice chairman, and general manager of Taiyuan Heavy Industry Group [2] Group 2 - Taiyuan Heavy Industry was established in 1950 and is recognized as the first heavy machinery manufacturing enterprise designed and built independently in New China [2] - The company was officially registered in July 1998 and listed on the Shanghai Stock Exchange in September of the same year [4] - As of the end of Q1 2025, Taiyuan Heavy Industry's controlling shareholder is Taiyuan Heavy Industry Group, which holds 49.28% of the shares [4] Group 3 - In 2024, Taiyuan Heavy Industry reported a revenue of 9.249 billion yuan, an increase of 895 million yuan year-on-year, marking a growth of 10.71% [4] - The company achieved a net profit attributable to shareholders of 195 million yuan, reflecting a year-on-year increase of 4.17% [4] - The non-recurring net profit reached 28.02 million yuan, showing a significant year-on-year growth of 250.11% [4]

Core Viewpoint - The development of the 620℃ ultra-supercritical steam turbine FB2 high/medium pressure rotor forging by China First Heavy Industries Group Co., Ltd. has achieved international advanced manufacturing technology, marking a significant breakthrough in China's core components for ultra-supercritical thermal power generation [1][2] Group 1 - The FB2 high/medium pressure rotor is a critical component that must operate stably under high temperature (620℃), high pressure, and complex stress environments, which imposes stringent requirements on material performance and manufacturing processes [1] - The technology verification meeting confirmed that the overall manufacturing technology of the rotor forging has reached international advanced levels, with some performance indicators being internationally leading [1] - The project team has mastered the entire thermal processing manufacturing technology, including smelting, ingot casting, forging, and heat treatment, which validates the mass production capability of domestic rotor forgings [1] Group 2 - The industrialization of this achievement is expected to significantly promote China's high-end heavy equipment to the high end of the global value chain, contributing to the construction of a new power system and the realization of the "dual carbon" goals [2] - Experts from major energy companies and academic institutions participated in the verification meeting, indicating a collaborative effort in advancing this technology [2]

Group 1 - The company plans to invest in the "Hua Dong Heavy Machinery Intelligent Manufacturing Base Project" at the Lusi operation area of Nantong Port, with a total investment estimated at 1 billion yuan [1] - The project will be divided into marine terminal engineering and land-based engineering, with the implementation entity being the wholly-owned subsidiary Nantong Hua Dong Heavy Machinery Co., Ltd. [1] - The project includes the construction of a 50,000-ton terminal, primarily for the shipment of port machinery products, and the land-based engineering will cover approximately 335 acres [1] Group 2 - The total investment for the project is expected to be 1 billion yuan, funded through self-owned or self-raised funds [1] - The construction period for the marine terminal engineering is projected to be 10 months, while the land-based engineering is expected to take 18 months [1] - Upon completion, the project is anticipated to achieve an annual shipment volume of 105 units, with an annual production capacity of 92 rail-mounted gantry cranes and 28 quay cranes [1]