SUPCON Technology (SH:688777)2024-12-03 07:33Group 1: Company Overview and R&D Investment - Zhongkong Technology has been deeply engaged in the process industry for over 30 years, maintaining a leading position in technology and R&D through continuous investment and optimization of R&D management processes [7]. - As of June 2024, the R&D team has grown to over 2,240 members, accounting for approximately 40% of the total workforce, with core technical personnel having an average tenure of over 15 years [8]. - The company actively builds global R&D centers in locations such as Singapore, Japan, and Europe to further consolidate and expand its technological advantages [8]. Group 2: Strategic Mergers and Acquisitions - Zhongkong Technology aims to enhance its technological strength and market competitiveness through strategic mergers and acquisitions, particularly in the field of industrial AI [8]. - The company has completed several significant acquisitions, including top engineering design firms and leading companies in high-end analytical instruments, to drive technological innovation and product upgrades [8]. - Future focus areas include integrating quality enterprises in the supply chain, pursuing reasonable acquisitions for industry transformation, and seeking overseas acquisition opportunities to enhance international competitiveness [8]. Group 3: Technological Innovations - The launch of the universal control system UCS and the first AI temporal model TPT in the process industry represents a significant technological advancement, reducing cabinet space by 90% and cable costs by 80%, while improving communication speed by over 100 times [9]. - TPT has achieved real-time optimization and closed-loop control in industrial settings, significantly enhancing modeling efficiency and providing intelligent solutions [9]. - The company has also increased R&D investment in AI and robotics, successfully launching humanoid robots that contribute to the development of "unmanned factories" [9]. Group 4: Industry Outlook and Opportunities - The company remains optimistic about the future of the industry, anticipating new opportunities driven by technological advancements and market expansion in automation and intelligent manufacturing [12]. - The implementation of large-scale equipment renewal actions is expected to boost demand for industrial software and operating system upgrades, with an estimated 2 million software and 800,000 operating system updates needed by 2027 in key industries [12]. - The coal chemical industry, as a significant sector of the chemical industry, presents substantial market opportunities for Zhongkong Technology, with ongoing projects and collaborations with leading clients [13].