Group 1: Company Overview and Orders - The company currently has a sufficient backlog of orders, with ongoing production aligned with the production plan [2] - The competitive landscape for nuclear power products is relatively stable, with high entry barriers for new competitors [2][3] - The company has established a comprehensive nuclear quality assurance system and obtained all necessary manufacturing licenses [3] Group 2: Production and Capacity - The company operates on a "customer order-driven" production model, ensuring high alignment between capacity and orders [4] - The delivery cycle for nuclear products typically spans around 3 years, with a manufacturing period of over 2 years [6] Group 3: Revenue Recognition - Revenue is recognized when the company fulfills its contractual obligations, with specific methods for different product categories [7][8] - For certain products, revenue is recognized based on the progress of costs incurred relative to total estimated costs [7] Group 4: Future Development Plans - The company plans to focus on the nuclear equipment manufacturing sector while diversifying into energy, petrochemical, marine, and mechanical fields [8] - There will be increased investment in R&D for non-nuclear products and new materials to enhance market share and explore new markets [8]