Core Viewpoint - The company, Changjiang Energy Technology, is positioned as a national-level "specialized and innovative" small giant, focusing on high-end equipment in the energy and chemical sectors, leveraging its proprietary technology to break foreign monopolies and enhance competitiveness in the international market [2][3][6]. Group 1: Business Overview - Changjiang Energy Technology has achieved a market share of 64.8% in the electro-dehydration equipment sector, making it a core pillar of the company's revenue [2][3]. - The company has established a solid customer base, being a qualified supplier for major state-owned enterprises like Sinopec and PetroChina, as well as private sector leaders [3][5]. - The company’s products have been exported to over 20 countries, including Singapore and Iraq, and it has gained supplier qualifications from international oil giants [5][6]. Group 2: Financial Performance - The company's revenue for 2022, 2023, and projected for 2024 is 2.19 billion, 3.48 billion, and 3.14 billion RMB respectively, with net profit increasing from 40.68 million to 49.16 million RMB [5][6]. - The company’s R&D expenses have increased from 8.55 million to 14.53 million RMB from 2022 to 2024, indicating a commitment to innovation [7]. Group 3: Technological Advancements - Changjiang Energy Technology holds 17 invention patents and has developed proprietary electro-dehydration technology that ensures 100% control over key technologies and intellectual property in the refining industry [6][7]. - The company collaborates with several universities for innovation and has established provincial-level research platforms to enhance its technological capabilities [8]. Group 4: Market Opportunities - The company is strategically positioned to capitalize on the growing market for oil refining and petrochemical equipment, which is projected to grow from 484.9 billion RMB in 2018 to 979.2 billion RMB by 2028, with a compound annual growth rate of approximately 6.49% [8][10]. - The company is also focusing on emerging sectors such as hydrogen energy and carbon capture, which are expected to contribute to new revenue streams [9][10]. - The company plans to raise 160 million RMB through its IPO to expand production capacity and enhance its R&D capabilities, aiming to strengthen its position in the energy equipment sector [10].