XZCE(SZ:002534)2024-11-29 10:09Company Overview - Founded in 1955, joined Xizi Elevator Group in 2002, listed on Shenzhen Stock Exchange in 2011, and renamed to Xizi Clean Energy Equipment Manufacturing Co., Ltd. in 2022 [2] - Main business includes waste heat boilers, clean energy power generation equipment, and overall solutions for energy utilization [2][4] Recent Orders - In the first three quarters of 2024, the company received new orders totaling CNY 4.587 billion, with breakdowns as follows: - Waste heat boilers: CNY 1.497 billion - Clean energy equipment: CNY 0.699 billion - Solutions: CNY 1.954 billion - Spare parts and services: CNY 0.437 billion - As of September 30, 2024, the total backlog of orders is CNY 6.414 billion [4] Strategic Development Directions - Focus on overseas markets to increase international market share of key products like gas turbine waste heat boilers [4] - Expand into the new energy market leveraging molten salt storage technology for applications in solar thermal power, user-side energy storage, and zero-carbon parks [4] - Target the spare parts market in response to national policies promoting energy efficiency upgrades and emissions reduction [4] Molten Salt Energy Storage Projects - The company has developed a large-capacity molten salt heat exchanger and steam generation system, recognized as a significant technological equipment in the energy sector [6] - The Shaoxing Green Electricity Molten Salt Storage Project is a key user-side project, successfully delivering power in 2023, utilizing wind and solar energy for storage [6] Market Outlook for Flexible Coal Power Transformation - The National Development and Reform Commission plans to complete flexibility upgrades for 200 million kilowatts of coal power units during the 14th Five-Year Plan, enhancing system regulation capacity by 30-40 million kilowatts [6] - The company is exploring comprehensive solutions for flexible coal power transformation, with molten salt storage technology offering significant advantages [6] Recent Share Buyback - On November 28, 2024, the company repurchased 191,000 shares, accounting for 0.03% of the total share capital, with a total transaction amount of CNY 2,276,545 [7] Key Areas of Overseas Expansion - The company is focusing on Southeast Asia, South America, Africa, and countries along the Belt and Road Initiative for overseas market development [6]