Hangzhou Steam Turbine Power Group(SZ:200771)2025-05-23 09:02Group 1: Company Overview - The company specializes in industrial steam turbines and gas turbines applications [1] - The company has collaborated with Siemens on over 55 gas turbine products [1] Group 2: Gas Turbine Maintenance Market - Gas turbines require regular maintenance throughout their lifecycle [1] - The company provides services for the gas turbines it supplies [1] Group 3: Turbine Product Delivery and Revenue Recognition - The delivery period for turbine products is generally 8-12 months [1] - Revenue from turbine products includes prepayments, progress payments, delivery payments, commissioning payments, and warranty funds, which are industry norms [1] Group 4: Future Plans for A-Share Listing - The company aims to adapt to market demand changes and leverage its talent and technology advantages for strategic and business transformation [1] - The goal is to achieve long-term development post-transition to A-shares [1]