XZCE(SZ:002534)2025-04-07 09:08Company 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 environmental equipment and energy utilization [2][3] Business Segments - Four main business areas: waste heat boilers, clean energy equipment, solutions, and spare parts & services [3] - Waste heat boilers include products for power, steel, building materials, and cement industries [3] 2024 Performance Highlights - Net profit attributable to shareholders reached CNY 440 million, a year-on-year increase of 705.74% [4] - Non-recurring net profit was CNY 144 million, up 1436.69% year-on-year [4] - Operating cash flow net amount was CNY 568 million, an increase of 84.59% [4] - Basic earnings per share were CNY 0.6, a growth of 757.14% [4] Order Situation - New orders in 2024 totaled CNY 5.852 billion, with waste heat boilers at CNY 1.684 billion, clean energy equipment at CNY 901 million, solutions at CNY 2.668 billion, and spare parts & services at CNY 599 million [10] - Total orders on hand by the end of 2024 amounted to CNY 6.157 billion [10] International Market and Tariff Impact - Major overseas markets include Southeast Asia, the Middle East, Africa, and countries along the Belt and Road [5] - Minimal direct impact from U.S. tariffs due to low import/export volume with the U.S. [5] Key Projects - The "steam extraction energy storage" project for the 600MW thermal power unit in Hebei began trial operation on December 28, 2024, featuring innovative energy storage technology [6][8] - Project performance indicators include a load reduction capability of 100 MW and peak load increase of 47 MW [7][8] Future Strategic Directions - Focus on expanding overseas market share, particularly for gas turbine waste heat boilers [11] - Development in the renewable energy sector, leveraging molten salt energy storage technology for various applications [11] - Attention to spare parts and retrofitting market opportunities following national equipment upgrade policies [12]