Group 1: Business Overview - The company is focusing on the shipbuilding and offshore engineering sectors, which are experiencing a new high cycle, driven by marine oil and gas development activities and an active shipping market [3][4]. - The company aims to become a globally influential provider of offshore vessels and special transport ships [3]. Group 2: Order Status - Since 2024, the company has intensified its market expansion efforts, securing ship orders from Germany, Singapore, and Latin America, including chemical tankers and platform supply vessels [4]. - The company currently has multiple ongoing negotiations for marine engineering and special transport vessel projects [4]. Group 3: Technological Development - The company is integrating artificial intelligence into its operations to enhance production efficiency, product quality, and innovation capabilities [4]. - Automation and intelligent technology have been progressively implemented in products such as container port cranes and mobile port cranes, contributing to the automation of port operations [4]. Group 4: International Market Expansion - In 2024, the company's export sales accounted for 80.44% of its total sales, with a focus on optimizing its international sales network and after-sales service [4]. - The company has established sales and service networks in Southeast Asia, South Asia, the Middle East, Europe, Australia, Latin America, and Africa, aiming to capitalize on commercial opportunities in developing countries [4]. Group 5: Future Development Direction - The material handling equipment and shipbuilding offshore equipment sectors are expected to be the main growth points for the company in the coming years [5]. - The company plans to enhance its core competitiveness in high-end equipment through independent research and technological innovation [5].

Group 1 - The core viewpoint of the article highlights that Runbang Co., Ltd. is intensifying its efforts in the shipbuilding market, having secured orders from countries and regions such as Germany, Singapore, and Latin America since the beginning of 2024 [1] - The company has been involved in the offshore engineering shipbuilding sector since 2011, accumulating significant experience in this field [1] - Runbang Co., Ltd. possesses its own shipyard, which is adequately sized to meet the construction requirements of the ship orders it has undertaken, including high-end stainless steel manufacturing capabilities for specialized transport vessels [1]

Group 1: Company Orders and Market Expansion - The company has intensified efforts in the shipbuilding market since 2024, securing orders from Germany, Singapore, and Latin America, including chemical tankers and platform supply vessels [2][3] - Multiple ongoing negotiations for marine engineering vessels and specialized transport vessel orders are in progress [2][3] Group 2: Hardware Advantages in Shipbuilding - The company possesses its own shipyard, which is adequately sized to meet the requirements of the contracted shipbuilding projects [3] - A high-end stainless steel manufacturing workshop enhances the capability to meet the demands of high-end specialized transport vessels [3] - The shipyard features a roof design, allowing for indoor work unaffected by weather, thus ensuring production quality and efficiency [3] - Since 2011, the company has accumulated significant experience in marine engineering vessels, improving contract fulfillment capabilities [3] Group 3: Technological Development in High-end Equipment - The company is actively integrating artificial intelligence (AI) into its operations to enhance production efficiency, product quality, and innovation [3] - Automation and intelligent technology have been progressively implemented in products like container port cranes and mobile port cranes, aiding in the development of automated and unmanned ports [3] - Several orders for automated equipment and upgrades have been secured, with plans to increase R&D efforts in intelligent and automated high-end equipment [3] Group 4: Future Development and Strategic Planning - The company is constructing the "Tongzhou Bay Equipment Manufacturing Base" to expand its capabilities in marine engineering and material handling equipment [4] - The focus will be on enhancing market share in high-end equipment and establishing new growth points for performance [4] - The company plans to maintain a high dividend level, reflecting its commitment to shareholder returns while balancing future funding needs and industry conditions [4] - Future growth will primarily come from material handling equipment and marine engineering equipment, with a focus on independent R&D and technological innovation [4]

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints of the Report - The company has received multiple orders for marine engineering and chemical vessels since 2024 and is in active negotiation for several hot - project orders [28]. - The company is seizing the opportunity of AI development, integrating AI with existing industries, and has achieved some results in the intelligent and automated R & D and application of high - end equipment, with subsequent plans to increase R & D efforts [29]. - In 2024, the company's export sales accounted for 80.44%. It has established sales and after - sales service networks overseas and is actively expanding the high - end equipment business market [30]. - The company's daily business is affected by exchange rate fluctuations, but it has rich foreign exchange business experience and takes measures to reduce the impact, so the impact on performance is small [30]. - The company is building the "Tongzhou Bay Equipment Manufacturing Base Project" to expand high - end equipment production capacity, and it is expected to be gradually put into use in the second half of this year [30]. - Since the acquisition of Kalmar's port container crane business in 2022, the company's port machinery business has developed rapidly, with sufficient orders on hand and continuous improvement in production and sales scale [31]. - Considering factors such as 2024's profitability, future capital needs, industry conditions, and shareholder returns, the company increased its dividend in 2024 and plans to increase it further when conditions permit [31]. 3. Summary According to the Directory 3.1 Research Basic Situation - The research object is Runbang Co., Ltd., belonging to the special equipment industry. The reception time was May 29, 2025. The company's reception staff included the vice - president, the secretary of the board of directors, the representative of securities affairs, and the commissioner of securities affairs [17]. 3.2 Detailed Research Institutions - The research institutions included Bisheng Fund and Guoxin Asset Management. The relevant personnel were Liu Da from Bisheng Fund and Wu Wencheng from Guoxin Asset Management [21]. 3.3 Research Institution Proportion - The proportion of other types of institutions was 100% [27]. 3.4 Main Content Information - **Ship orders**: Since 2024, the company has received orders for various ships from countries and regions such as Germany, Singapore, and Latin America and is negotiating multiple hot - project orders [28]. - **High - end equipment technology development**: The company is integrating AI with existing industries, has achieved intelligent and automated R & D and application in some products, and has obtained relevant orders. It will further increase R & D efforts [29]. - **Overseas market layout**: In 2024, the export sales accounted for 80.44%. The company has established sales and after - sales service networks overseas and is expanding the high - end equipment business market [30]. - **Exchange rate impact**: The company's business is affected by exchange rate fluctuations, but it has measures to reduce the impact, so the impact on performance is small [30]. - **Tongzhou Bay base**: The company is building the "Tongzhou Bay Equipment Manufacturing Base Project" to expand high - end equipment production capacity, which is expected to be gradually put into use in the second half of this year [30]. - **Port machinery orders**: Since the acquisition of Kalmar's business in 2022, the port machinery business has developed rapidly, with sufficient orders on hand and continuous improvement in production and sales scale [31]. - **Dividend increase**: Considering multiple factors, the company increased its dividend in 2024 and plans to increase it further when conditions permit [31].

Group 1: Company Orders and Market Expansion - Since 2024, the company has intensified efforts in the shipbuilding market, securing orders from Germany, Singapore, and Latin America, including chemical tankers and platform supply vessels [3] - The company has an external sales ratio of 80.44% for 2024, with established sales and after-sales service networks in Southeast Asia, South Asia, the Middle East, Europe, Australia, Latin America, and Africa [4] - The company is actively negotiating multiple hot project orders in marine engineering and special transport vessels [3] Group 2: Technological Development and Automation - The company is integrating artificial intelligence into its products, enhancing production efficiency, product quality, and innovation capabilities [4] - Automation and intelligent technology have been progressively applied in products like container port cranes and mobile port cranes, improving operational efficiency in global port logistics [4] - The company has received multiple orders for automated equipment and upgrades for port terminals [4] Group 3: Financial Performance and Shareholder Returns - The company has significantly increased its dividend for 2024 compared to the previous year, reflecting its commitment to shareholder returns amid continuous growth [5] - Future dividends will be aligned with the company's core business development and investment value enhancement [5] Group 4: Project Development and Capacity Expansion - The company is constructing the "Tongzhou Bay Equipment Manufacturing Base Project" to expand its capacity in marine engineering and material handling equipment [5] - The base is expected to begin operations in the second half of this year, with production capacity to be adjusted based on market expansion [5] Group 5: Currency Impact and Risk Management - The company has experience managing foreign exchange risks since its establishment in 2003, employing measures like forward foreign exchange contracts to mitigate impacts on business performance [4]