SZHL(SZ:002255)2024-08-14 08:41Group 1: Company Overview - The company specializes in industrial waste heat boilers, which are crucial for energy conservation and environmental protection, primarily used in industries such as steel, non-ferrous metals, coking, and chemicals. The domestic market share for industrial waste heat boilers has consistently remained high [2]. - The company produces large and special material pressure vessels, mainly utilized in coal chemical, petrochemical, refining, and fine chemical sectors, including products like heat exchangers, separators, reactors, storage tanks, towers, filters, and evaporators [2]. - Since 1998, the company has been manufacturing nuclear safety equipment, accumulating extensive manufacturing and management experience, and has completed several domestic and international projects [3]. Group 2: Environmental and Renewable Energy Initiatives - The company's subsidiary, Zhangjiagang Grei Environmental Engineering Co., focuses on comprehensive environmental governance services, including solid waste and wastewater treatment and recycling [3]. - The company operates approximately 156 MW of photovoltaic power stations across various regions, including Shandong, Hebei, Jiangxi, and Jiangsu, with stable power generation and good cash flow [3]. Group 3: Financial and Strategic Planning - The company has approved a share buyback plan to reduce registered capital, which will be executed within 12 months following the shareholders' meeting [3]. - As of the first half of 2024, the company's operational performance aligns with expectations, with sufficient order volume and normal project progression [3]. - Future strategic planning includes a commitment to product quality and innovation, enhancing market competitiveness through increased technological innovation, management efforts, and cost control [3].