Company Summary - Nengke Technology (SH 603859) held its 23rd meeting of the 5th Board of Directors on November 4, 2025, to discuss the appointment of a securities affairs representative and other documents [1] - As of the report, Nengke Technology has a market capitalization of 11.2 billion yuan [1] Revenue Composition - For the year 2024, Nengke Technology's revenue composition is as follows: - State-owned heavy industry: 33.57% - General machinery: 23.68% - High-tech electronics: 17.71% - Automotive and transportation: 13.25% - Energy and power: 11.18% [1] Industry Insights - A significant increase in overseas orders by 246% has been reported, covering over 50 countries and regions, indicating a booming industry [1] - Entrepreneurs have raised concerns about some companies selling at a loss, warning of potential vicious competition extending to overseas markets [1]