Company Overview - The company focuses on anti-corrosion and wear-resistant welding equipment, specializing in the manufacturing of special equipment and expanding into industrial equipment and high-end structural components [1] - Its products and technologies are primarily applied in energy conservation, electric power, chemical, metallurgy, and papermaking industries [1] - The company possesses key core technologies covering materials, processes, and equipment, along with comprehensive special equipment production qualifications [1] Competitive Advantages - The management team has extensive industry experience and stable core technical personnel, contributing to strong R&D capabilities [1] - The company has established a competitive barrier through its industry-leading position, large-scale production capacity, and efficient production management [1] - It has a rich portfolio of applications with well-known domestic and international clients, showcasing its ability to undertake large projects and international orders [1] Market Opportunities - The company is actively expanding into overseas markets while maintaining its leading position in the domestic market [2] - There is a broad demand in the waste incineration market, and the coal-fired power generation industry is showing significant growth potential [2] - The company has strategically positioned itself in the HRSG and oil and gas composite pipe businesses, with HRSG already having a certain scale of production capacity [2] Production Capacity and Plans - The Vietnam production base has four HRSG production lines currently in operation, with plans to build a total of 12 lines by 2025 and 2026 [5] - Each additional production line requires an investment of approximately 6 million RMB, with the total factory area planned to be around 100,000 square meters [6] Product Details and Market Position - HRSG products produced in Vietnam include components for gas turbine waste heat recovery devices, with a production cycle of about 6 months [3] - The pricing model for HRSG products is based on material and labor costs, along with a set net profit margin [7] - The components supplied from the Vietnam base are critical to the overall value of the HRSG boiler, indicating a high value contribution [8] Order Prospects - The order outlook for HRSG products from the Vietnam base is promising, with several international clients undergoing preliminary factory audits [9] - The company is targeting the North American market, facing competition primarily from South Korean and Thai manufacturers [10]
博盈特焊(301468) - 2025年11月3日至7日投资者关系活动记录表