XZCE(SZ:002534)2025-08-05 09:04Company Overview - Founded in 1955, joined Xizi Elevator Group in 2002, listed on Shenzhen Stock Exchange in 2011, renamed to Xizi Clean Energy Equipment Manufacturing Co., Ltd. in 2022 [3][4] - Main business includes waste heat boilers, clean energy power generation equipment, and comprehensive energy utilization solutions [3][4] Business Segments - Waste Heat Boilers: Includes gas turbine waste heat boilers, dry quenching waste heat boilers, and various types of power station boilers [4] - Clean Energy Equipment: Comprises waste incineration boilers, biomass boilers, and nuclear power equipment [4] - Solutions: Focuses on thermal energy storage, heat exchangers, and other integrated solution projects [4] - Spare Parts and Services: Offers technical services, project modifications, and maintenance [4] Nuclear Power Development - Over 20 years of experience in the nuclear power sector, holding Class 2 and 3 manufacturing licenses [5] - Actively supplying equipment for nuclear power plants, with increasing market opportunities due to new installations [5] Future Market Directions - Renewable Energy Market: Expanding applications of molten salt energy storage technology in various energy scenarios [6] - Nuclear Power Market: Enhancing manufacturing capabilities for nuclear products to support rapid business growth [6] - Overseas Market: Targeting international markets with key products like gas turbine waste heat boilers [7][8] Order Situation - In H1 2025, the company secured new orders totaling CNY 2.784 billion, with specific contributions from various segments: - Waste Heat Boilers: CNY 703 million - Clean Energy Equipment: CNY 281 million - Solutions: CNY 1.477 billion - Spare Parts and Services: CNY 323 million - As of June 30, 2025, total orders on hand reached CNY 6.119 billion [9] Market Opportunities - Anticipated explosive growth in equipment demand due to the commencement of the Yarlung Tsangpo River downstream hydropower project, with a market size forecast exceeding CNY 10 billion [10] - Focus on Southeast Asia, South America, and regions along the Belt and Road for overseas expansion [11][12] Accounts Receivable Management - Strengthening contract review and customer risk assessment to enhance overall management and mitigate operational risks [13] Key Downstream Industries - Major downstream clients include high-energy-consuming sectors such as steel, building materials, petrochemicals, and power generation [14] Product Delivery Cycle - Customized delivery cycle for boiler products typically ranges from 6 to 12 months for domestic projects, with longer timelines for overseas projects [15]