Group 1: Company Performance Overview - In the first half of 2024, the company experienced a slight decline in revenue due to funding pressures in the railway and highway markets, with some projects being halted [2] - The company saw growth in the highway market, primarily through new product demands in existing projects, and a significant increase of over 150% in the aftermarket [2] - The water and hydropower market showed notable growth, attributed to the successful application of products in ongoing projects [2] Group 2: Market Expectations - The company anticipates improvements in the railway and highway markets in the second half of 2024, with several railway projects starting and signs of recovery in highway projects [2] - The water and hydropower sector is expected to accelerate, with large investments in pumped storage and diversion projects providing ample opportunities for equipment application [2] Group 3: Overseas Market Development - The company is actively expanding its overseas market presence, focusing on Australia, South Africa, and South America, while developing differentiated products for these markets [3][4] - The goal is to achieve a balanced sales scale of 50% from domestic and 50% from overseas markets within ten years [4] Group 4: Water and Hydropower Market Insights - The water and hydropower market has significant potential, with increasing investments and a growing number of projects [5] - The company’s products are applicable throughout the entire construction cycle of hydropower projects, providing long-term business opportunities [5] Group 5: Mining Market Strategy - The company will not lower its mining market targets despite initial challenges, focusing on building relationships and establishing model sites [5] - The mining market is characterized by competition from established players, but the company aims to differentiate itself through innovation and understanding customer needs [5] Group 6: Aftermarket Development - The aftermarket, including parts sales and maintenance services, is expected to gradually increase its revenue share, with ongoing efforts to build a robust service and sales network [6] - The company has established over 30 service points to enhance its aftermarket capabilities [6] Group 7: Product Revenue and Market Share - Specific revenue breakdowns by product were not disclosed, but key products include smart digital lining cars, rock drilling rigs, and wet spraying machines [10] - The company does not have specific market share data due to the lack of direct competition in many of its product lines [10] Group 8: Innovation and Product Development - The company believes that innovation has no limits and continues to enhance its product offerings, such as the smart digital lining car, which has improved profit margins significantly [10] - The focus is on differentiated development and addressing customer pain points rather than following market trends [11]
五新隧装(835174) - 投资者关系活动记录表