Market Overview - The garbage incineration market is divided into domestic and overseas markets, with a slowdown in new projects domestically due to a complex economic environment [1] - The overseas market presents broader opportunities, driven by rapid economic development and urbanization in developing countries, leading to increased waste generation [1] - Developed countries have a mature incineration industry, creating demand for upgrades and renovations of existing facilities [2] Business Performance - As of June 30, 2025, the company's overseas revenue was approximately 145 million CNY, accounting for about 55% of total revenue, with exports primarily to Asia, the USA, South America, and Europe [3] - The company has established a strong brand image and customer trust through its technical expertise, product quality, and production scale [3] New Business Development - The company is expanding its research and development efforts beyond garbage incineration to include gas boilers, oil and gas pipelines, thermal power generation, and marine equipment [4] Market Prospects - The US gas boiler market is experiencing structural growth, driven by a significant increase in electricity demand, particularly from AI data centers [5] Joint Venture Progress - The joint venture with Wilhelm Company has completed registration and is actively progressing, with production areas being strategically located closer to market demands [6][7] Future Development Plans - The company aims to build a special welding technology application platform to serve global markets, focusing on three paths: expanding product variety, application fields, and international markets [7] - Product Variety: Leveraging core welding technology to enhance product diversity and meet customer needs [7] - Application Fields: Accelerating technology upgrades to serve industries such as energy, chemicals, and metallurgy [7] - International Markets: Strengthening capabilities in international order acceptance and delivery, with a focus on establishing a production base in Vietnam [7]
博盈特焊(301468) - 2025年9月11日投资者关系活动记录表