Company Overview - The company is a leading enterprise in the field of spatial steel structures, focusing on large-span space steel structures, high-rise heavy steel structures, light steel structures, and prefabricated steel structures [1] - Since obtaining the first-level qualification for general contracting in construction in 2019, the company has shifted from a specialized subcontractor to a general contractor, leveraging its technical, brand, performance, and team advantages [1][2] Business Expansion - In 2024, the company signed overseas orders worth 1.23 billion yuan, accounting for 14.68% of the total new contracts signed that year [3] - The company is actively expanding into green infrastructure, innovative building materials, and new energy sectors, particularly in South America, North America, the Middle East, and Southeast Asia [3] Renewable Energy Initiatives - The company is committed to the "dual carbon" development strategy, focusing on green low-carbon development and expanding its photovoltaic construction integration market [4][5] - A significant project includes the 110MW agricultural photovoltaic power station, which combines green energy with modern agriculture, expected to enhance the company's photovoltaic generation capacity and revenue [5] Production Capacity - The company has six production bases located in Zhejiang, Sichuan, Tianjin, and Guangzhou, with a current steel structure production capacity of approximately 600,000 tons, projected to reach 700,000 tons in the future [6] Accounts Receivable Management - The company emphasizes the collection of accounts receivable through various channels, including credit assessments and legal actions against severely defaulting clients [7] - The main clients are government entities and large state-owned enterprises, with positive national debt reduction measures expected to improve local governments' financial capabilities, aiding in faster accounts receivable recovery [7]