Group 1 - The core viewpoint is that Jiangsu Shentong is facing challenges due to a decline in the steel metallurgy industry's prosperity, leading to reduced market demand for its valve products and increased competition [2] - The company is enhancing product research and development, as well as process innovation, to address these challenges and implement cost reduction and efficiency improvement measures [2] - Jiangsu Shentong is increasing marketing efforts for its "Valve Butler" service to enhance brand influence and market share [2] Group 2 - The capital expenditure pace in the global and domestic chemical and refining industries is slowing down, resulting in intensified competition for the company's energy and chemical products [2] - The company plans to continue investing in research and development in the energy and chemical sector and innovate marketing models to gradually increase its market share in the energy and petrochemical valve products [2]

Group 1 - The steel metallurgy industry is experiencing a decline in demand, leading to increased competition for valve products [1] - The company is enhancing product research and development, as well as process innovation, to address market challenges [1] - The company is implementing cost reduction and efficiency improvement measures while promoting its "valve steward" service to increase brand influence and market share [1] Group 2 - Global and domestic capital expenditure in the chemical and refining industries is slowing down, intensifying competition for the company's energy and chemical products [1] - The company plans to continue investing in research and development in the energy and chemical sector and innovate marketing strategies to gradually increase market share in the energy and petrochemical valve products [1]

Group 1: Company Overview and Strategy - The meeting was organized by GuoXin Securities, Daiwa Securities, and Fangzheng Securities, with the company’s Vice President and Secretary of the Board, Zhang Qiqiang, participating to introduce the company's basic situation and development strategy [2] - The company emphasized compliance with the commitment letter and regulations regarding information disclosure [2] Group 2: Financial Performance and Projections - The gross margin for the nuclear power sector in 2024 is projected to be 36.75%, which is considered within the normal fluctuation range [4] - The delivery of valves for the newly approved nuclear power units is expected to begin in 2026 and 2027 [5][10] Group 3: Product Delivery and Business Operations - The delivery cycle for valve products in metallurgy and energy chemical sectors is generally 3-6 months, while the execution period for energy-saving technology services contracts is typically 6-8 years [6][7] - The "Valve Steward" service has been effectively implemented in the metallurgy sector since 2021, with ongoing promotion to other large steel enterprises [8] Group 4: Future Projects and Market Outlook - The company is optimistic about the future construction prospects of nuclear power projects, aligning with the national strategy for clean energy development [14] - The company is actively expanding its product range beyond butterfly and ball valves in the nuclear sector, with a focus on maintaining healthy competition in the market [11][12]