Core Viewpoint - The company, Giant Lifting Equipment Co., Ltd. (巨力索具), has experienced a significant increase in order volume this year, with a current order backlog exceeding 1 billion yuan, representing a 30% growth compared to previous years [2]. Group 1: Company Performance - In the first quarter, the company's operating revenue reached 488 million yuan, reflecting a year-on-year increase of 12.44% [2]. - The net profit attributable to shareholders was 5.9861 million yuan, showing a year-on-year growth of 63.30% [2]. - The net profit after deducting non-recurring gains and losses was 5.4793 million yuan, with a remarkable year-on-year increase of 564.75% [2]. Group 2: Market and Industry Insights - The capital market has shown increased interest in the marine engineering equipment sector, with the company's stock price doubling since the beginning of the year [3]. - In the marine engineering field, the company is involved in offshore lifting equipment and mooring products, which have passed expert acceptance and factory certification [3]. - The construction cost of floating offshore wind turbines indicates that installation, floating bodies, and mooring account for over 70% of the total cost, highlighting a significant market potential as the offshore wind power sector expands [3]. - The company aims to leverage marine engineering as a new growth point and plans to increase investment in product technology innovation [3].

Core Viewpoint - The offshore equipment sector is experiencing increased activity and attention, with JiuLi Rigging Co., Ltd. being a leading player in the industry, particularly in marine engineering applications [2] Group 1: Company Overview and Product Applications - JiuLi Rigging has been developing rigging products for 40 years, focusing on "lifting, installation, relocation, and towing" [3] - The company's products are widely used in various sectors, including petrochemicals, machinery, bridges, aerospace, marine engineering, emergency equipment, and energy, with emerging fields like wind power and nuclear power accounting for over 60% of revenue [3] - Recent breakthroughs in marine engineering include advancements in mooring products, which are crucial for the positioning and movement restraint of floating structures like floating wind turbines and offshore oil platforms [3] Group 2: Financial Performance - In the first quarter of this year, the company saw significant growth in revenue and net profit, attributed to a substantial increase in order volume, particularly from wind power, nuclear power, and marine engineering sectors [4] - Despite an overall loss in 2024 due to market conditions, the company has aligned its development with national strategies, enhancing its product technology to international standards [4] - The company invests over 100 million yuan annually in R&D, supported by a team of nearly 200 researchers [4] Group 3: International Expansion - JiuLi Rigging is actively pursuing international projects, having successfully applied its high-vanadium closed cable products in significant domestic and international projects, including the 2022 Qatar World Cup stadiums [5][6] - The company has secured contracts worth 150 million yuan for projects in Serbia and Saudi Arabia, indicating strong international recognition of its products and engineering capabilities [6] - The overseas business is projected to account for over 30% of total revenue this year, up from over 20% in 2024 [6]