Group 1: Business Performance - The metal mining business orders for 2024 reached 238 million, representing a year-on-year growth of 21.43% [2] - Despite the increase in orders, revenue is expected to decline due to the confirmation rhythm of orders [2] - The company aims to enhance the proportion of metal mining business through the "Three Transformations and One Optimization" strategy [2] Group 2: Overseas Business Strategy - The overseas business gross margin is maintained between 35%-45%, benefiting from technical premiums and localized operations [3] - The company has established branches in key global regions, including Zimbabwe, South Africa, and Australia, to expand its logistics network [3] - Cooperation with central state-owned enterprises and large listed companies is a significant part of the overseas business, with a rising revenue share [4] Group 3: Market Trends and Adjustments - The aggregate market is undergoing structural adjustments, with a decrease in commodity aggregate demand, while engineering aggregate demand remains resilient [5] - The company is focusing on high-margin orders in the engineering sector led by central state-owned enterprises [5] Group 4: Digital Transformation and Innovation - The company is advancing digital transformation in three areas: management upgrades, intelligent services, and supply chain integration [6] - The goal is to enhance operational efficiency through the introduction of international digital technologies and predictive maintenance systems [6] Group 5: Currency and Financial Management - The first quarter saw exchange rate fluctuations contributing to profit increases, particularly influenced by the Russian ruble [7] - The company employs diversified settlement currencies and localized operations to mitigate risks associated with currency fluctuations [7] Group 6: Industry Trends and Competitive Advantages - The mining machinery industry is experiencing accelerated domestic substitution and a deepening service-oriented transformation [8] - The company's core competitive advantages include a strong customer structure, significant technical barriers, and robust production capacity [8][9] Group 7: Future Development and R&D Focus - Future R&D will focus on core process technology innovations, industry chain collaboration, and high-end consumables development [9] - The company aims to enhance its competitive edge by optimizing the durability and lifespan of key consumables [9] Group 8: Outlook on Overseas Market Growth - The company is entering a high-quality growth phase in overseas business, with increasing order scale and market share [10] - Plans include expanding the overseas technical service team and enhancing the logistics system to improve market responsiveness [10]
南矿集团(001360) - 2025年4月28日投资者关系活动记录表