Group 1: Company Overview and Activities - Zhongyu Technology established a holding subsidiary in Saudi Arabia to align with the "Belt and Road" initiative and Saudi Arabia's Vision 2030 [4] - The Saudi subsidiary commenced operations on December 10, 2024, with over 100 representatives from the Saudi government and business community attending the opening ceremony [5] - The UAE wholly-owned subsidiary is currently in the construction phase and can fulfill small batch orders [6] Group 2: Market Expansion and Performance - Domestic market brand awareness is increasing, and market expansion has shown positive results [7] - The company is stabilizing its North American market while actively expanding into the Middle East, South America, Australia, and Russia [7] - The company's sales of high-pressure hoses are closely tied to oil prices, with stable sales when WTI crude oil prices are between 65 per barrel [8][9] Group 3: Acquisitions and Innovations - In March 2024, the company acquired Pingyu Technology for RMB 780,000, enhancing its capabilities in emergency rescue equipment [10] - Pingyu Technology has strong technical innovation capabilities, holding multiple patents, which further strengthens the company's product line in the firefighting sector [10]
中裕科技(871694) - 投资者关系活动记录表