泰永长征(002927) - 2025年2月28日投资者关系活动记录表

Group 1: Sales and Revenue Insights - The company's intelligent 1U circuit breakers are supplied to communication integrators and equipment manufacturers, with sales volume influenced by industry construction cycles and market competition, accounting for approximately 8% of revenue over the past three years [2] - The charging pile business primarily serves high-quality real estate groups, large operators, and public buildings, contributing a small proportion to total revenue [2] - As of Q3 2024, the company faces revenue pressure mainly due to cyclical impacts from the real estate industry, leading to reduced construction investment [3] Group 2: Product Applications and Market Position - The company's power and distribution products in the renewable energy sector are applied in four main areas: distribution systems for wind, solar, and energy storage projects; internal distribution systems for inverter manufacturers; internal systems for charging pile manufacturers; and industrial distribution systems across various industries [2] - In the data center sector, the company's automatic transfer switches are widely used, showcasing leading technology and brand recognition, covering both medium and low voltage applications [2] Group 3: Financial Performance and Strategic Planning - The decline in gross margin for power electrical products is attributed to intensified market competition and rising material costs, with similar trends observed across industry peers [3] - Following the acquisition of a 35% stake in Chongqing Yuantong, the company plans to strengthen its advantages in the power grid sector while expanding into industrial and large client markets, focusing on digital and intelligent product upgrades [3]