Group 1: Company Overview and Market Position - The company primarily operates in the waste incineration power generation sector, with a focus on expanding into overseas markets due to slower domestic project growth [1][2]. - As of June 30, 2025, overseas revenue accounts for approximately 55% of total revenue, indicating a significant shift towards international markets [2][3]. Group 2: Product Applications and Industry Demand - The company's technology and products are applicable in various sectors, including marine equipment and energy industries, addressing corrosion and wear issues [2][3]. - The demand for waste incineration is increasing in developing countries due to urbanization and rising waste generation, while developed regions require upgrades to existing facilities [2]. Group 3: Production Capacity and Future Plans - The company has three production bases, with the main base fully operational and others in Vietnam and Dagu expected to commence production soon [3][4]. - Future performance targets include a revenue growth rate of at least 10% in 2025, 40% in 2026, and 80% in 2027, based on 2024 revenue figures [4]. Group 4: Impact of External Factors - The impact of U.S. tariffs on the company is minimal, as orders from the U.S. market are currently low, and future production for U.S. orders will occur in Vietnam, where tariffs are lower [6]. - The U.S. gas boiler market is experiencing structural growth driven by increased electricity demand, particularly from data centers [7].
博盈特焊(301468) - 2025年9月2日投资者关系活动记录表