XZCE(002534)2025-03-05 08:16Company 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][3] - Key product segments: waste heat boilers, clean energy equipment, solutions, and spare parts & services [2] Project Highlights - The "Steam Extraction Energy Storage" project at Guoneng Hebei Longshan 600MW thermal power unit began trial operation on December 28, 2024 [4] - Performance metrics: - Load reduction capability down to 51 MW (8.5% Pe) for at least 4 hours [4] - Peak load increase of 47 MW for at least 6 hours [4] - Internal heat exchange efficiency of the molten salt storage system not less than 98% and electrical conversion efficiency not less than 70% [4] - The project successfully achieved peak load stability at 650 MW on February 19, 2025 [5] Strategic Development Directions - Focus on overseas markets to increase international market share of core products like gas turbine waste heat boilers [6] - Expand in the renewable energy market leveraging molten salt storage technology for various applications [6][7] - Target spare parts and retrofit markets in response to national policies promoting equipment upgrades [7] Competitive Landscape - Leading position in the waste heat boiler segment, competing with major domestic boiler manufacturers [8] Key Downstream Industries - Major downstream clients include high energy-consuming sectors such as steel, building materials, petrochemicals, cement, and chemical fibers [9] International Market Strategy - In 2025, the company aims to enhance its presence in overseas markets, with products exported to over 100 countries [10] - Focus on direct contracts and international domestic general contracting for exports, with increasing direct signing [10] Recent Developments - The 100 MW perovskite large-area component production line by Hangzhou Zhongneng Photovoltaic Technology Co., Ltd. commenced operation in November 2024 [11] - In 2024, the company secured new orders totaling 5.852 billion CNY, with significant contributions from various product segments [12] - Delivery cycles for boiler products typically range from 6-12 months for domestic projects, with longer timelines for international projects [12]