Company Overview - Shenzhen Jinaobo Technology Co., Ltd. operates in the civil explosive industry, which is essential for national economic and social development [1] - The company focuses on various sectors including energy production, mining, metallurgy, construction, and defense [1] Industry Performance - In 2024, the civil explosive industry achieved a total production value of CNY 416.95 billion, a decrease of 4.50% year-on-year [2] - Total sales value reached CNY 411.42 billion, down 5.26% year-on-year [2] - Main business revenue was CNY 450.67 billion, reflecting a decline of 9.33% year-on-year [2] - Total profit reached CNY 96.39 billion, an increase of 13.04% year-on-year [2] - Explosive service revenue was CNY 353.11 billion, up 4.26% year-on-year [2] Policy Impact - The Ministry of Industry and Information Technology released guidelines for the civil explosive industry, aiming for significant upgrades by 2027 [3] - Goals include widespread adoption of unmanned production lines and enhanced product quality assurance [3] - By 2027, over 50% of enterprises are expected to achieve a smart manufacturing maturity level of 3 or above [3] Technological Advancements - The company has developed the first unmanned production line for emulsified explosives, achieving international leading technology standards [4] - Investments in R&D and innovation are prioritized to adapt to market changes and policy directions [4] Product Offerings - The company offers a range of products for on-site explosive mixing, including mobile and fixed industrial explosive production stations [5][6] Digital Transformation - Implementation of an "Industrial Internet + Safety Production" platform to enhance operational efficiency and safety [7] - Use of AI and big data technologies for real-time monitoring and management of production processes [7] International Expansion - The company has established over 20 production lines in regions such as Southeast Asia, Central Asia, Europe, and Africa [8] - Ongoing efforts to deepen international cooperation and expand overseas market presence [8]