此外，会议提出的"加紧培育壮大新动能""坚持'双碳'引领"等要求，与中集集团新五年战略规划高度契 合，为其在冷链装备、模块化建筑、清洁能源等领域的持续创新和绿色转型提供了助力。 改革攻坚领域，会议提出的"深入整治'内卷式'竞争"相关要求，为中集集团营造了更适宜依靠创新驱 动、追求质量效益的市场环境。在此背景下，集团将持续聚焦科技创新与高质量发展，例如在高端海工 装备领域发力，通过技术壁垒和产品差异形成核心竞争力，实现从"价格战"向"价值战"的转型。 同时，会议"坚持对外开放"的部署，为中集集团依托"一带一路"平台拓展国际业务合作提供了支撑。当 前，公司正逐步加大在东南亚、中东等地区的布局，借助全球能源转型与数字化升级加速的契机，推动 自身解决方案走向国际市场。近年来，中集集团在东南亚的数据中心建设、高端海工装备领域，已完成 多个标杆性项目的交付。 "中央经济工作会议明确了2026年经济工作重点，为中集集团（000039）发展提供了清晰指引。"中集集 团董事会秘书吴三强在接受证券时报记者采访时表示。 围绕"建设强大国内市场"的任务，中集集团的物流装备、能源装备优势，可对接城市更新、新型基础设 施建设等"两重"项 ...

Summary of Sifang Technology Conference Call Company Overview - **Company**: Sifang Technology - **Industry**: Cold Chain Equipment and Tank Container Manufacturing - **Established**: 1990, listed in 2016 on the Shanghai Stock Exchange Key Financials - **Revenue**: 861 million CNY in H1 2025, a decline compared to the previous year - **Net Profit**: 69.32 million CNY in H1 2025, also a decline - **Cold Chain Equipment Revenue**: 320 million CNY, a slight increase from 318 million CNY in the previous year, with a gross margin of approximately 30% [2][6] - **Tank Container Revenue**: 530 million CNY, a decrease of 20.06% year-on-year, with a gross margin dropping to 13.44% from 22.95% [2][6] Business Segments Cold Chain Equipment - **Products**: Includes food freezing equipment, heat exchangers, insulation materials, and cold storage engineering [3] - **Performance**: Cold chain equipment revenue showed slight growth, with a gross margin improvement [6] Tank Containers - **Products**: Standard and special tank containers used for liquid and gas product transportation [3] - **Performance**: Revenue from standard containers increased by 5.36% to 340 million CNY, while special containers have higher gross margins due to different materials and processes [10][16] Market Dynamics - **External Factors**: The decline in revenue is attributed to the global economic downturn and a sluggish downstream chemical industry [5] - **International Exposure**: 80% of revenue comes from international markets, with 20% from domestic sales [4][20] - **Future Outlook**: Anticipation of market recovery in the tank container sector by H2 2026, despite current challenges [21][22] Product Development and Projects - **Current Projects**: Ongoing projects include the expansion of special tank containers and the LNG new materials project [2][5] - **Data Center Liquid Cooling**: Focus on one-side heat exchange equipment, including micro dry coolers and evaporative condensers, although this segment remains small [7][29] Pricing and Inventory - **Tank Container Pricing**: Prices are influenced by material costs and market demand, with expectations of price increases in H2 2026 [30][31] - **Inventory Levels**: Current inventory levels are normal, with plans to maintain production and secure orders [32] Challenges and Opportunities - **Material Costs**: Fluctuations in material prices significantly impact overall gross margins [11] - **Demand Trends**: Domestic demand is growing slowly, while international demand has seen a notable decline [21][22] - **Technological Advantages**: Mobile dry coolers offer advantages in water-scarce regions and high-density cabinet applications [15] Conclusion - **Long-term Outlook**: Despite current challenges, the company maintains a positive long-term outlook for both the cold chain equipment and tank container markets, with strategic projects underway to enhance capacity and market presence [14][32]

Summary of Ice Wheel Environment Conference Call Company Overview - Ice Wheel Environment is a local state-owned enterprise with over 60 years of experience in refrigeration compressor R&D, mastering full pressure, wide temperature, and multi-work technology, establishing a solid foundation for business development [2][4] - The company has a diversified business structure: cold chain equipment (1/3), energy and chemical equipment (1/4), central air conditioning (1/3), and energy-saving heating (nearly 10%) [2][5] - By 2024, overseas revenue is expected to account for 30%, indicating significant progress in global expansion [2] Core Competitiveness - The company's core competitiveness lies in technological innovation, holding the only complete independent intellectual property rights for screw refrigeration compressors in China, covering various application scenarios [2][6] - Ice Wheel Environment has been recognized as a national manufacturing champion and has received multiple national awards for technological advancement [6] IDC Business Growth - The IDC business, managed by the subsidiary Dunhanbushi Group, is experiencing rapid growth, contributing approximately 30% to central air conditioning revenue [3][7] - New orders in the IDC sector have significantly increased year-on-year, with expectations for it to become one of the fastest-growing segments in the coming years [8] Green Technology Recognition - Two products have been included in the Ministry of Industry and Information Technology's list of advanced technologies for national green data centers, showcasing the company's strength in green low-carbon technology [2][9] Financial Performance and Valuation - The company has maintained positive order growth recently, with a PE ratio of approximately 15-17, indicating a relatively low valuation compared to its performance [3][16] - The company’s main business has a favorable competitive landscape, and the rapid growth of the IDC business provides strong momentum for revenue and profit increases [16] Market Trends and Future Outlook - The cold chain equipment industry, where Ice Wheel Environment holds over 30% market share, is expected to recover as government projects accelerate [13] - The energy and chemical equipment sector is gradually stabilizing, with significant growth potential in overseas markets [14] - The industrial heat management business, currently under 10% of revenue, is anticipated to grow significantly due to increasing demand driven by carbon neutrality strategies [15] Global Manufacturing Footprint - The company has established a global manufacturing presence in regions including China, Malaysia, the USA, Mexico, Russia, and South Africa, enhancing its production capacity and market competitiveness [11] Project Experience - Ice Wheel Environment has extensive project experience in data centers, having served major clients such as national supercomputing centers and various financial institutions, which supports new customer acquisition [10]