Group 1: Company Overview and Core Competencies - The company focuses on anti-corrosion and anti-wear welding equipment, specializing in the manufacturing of special equipment and expanding into industrial equipment and high-end structural components [1] - Key competitive advantages include mastery of critical core technologies, comprehensive special equipment production qualifications, and a stable management team with extensive industry experience [1] - The company has established a strong market position with significant production capacity and efficient management, supported by a diverse portfolio of well-known domestic and international clients [1] Group 2: Market Opportunities and Strategic Expansion - The company is committed to both domestic and international markets, maintaining a leading position in China while actively exploring overseas opportunities [2] - The garbage incineration market is expanding, driven by increasing demand for waste management solutions in developing countries, particularly in Southeast Asia and Latin America [3][4] - The coal-fired power generation sector remains a crucial part of China's energy landscape, with ongoing upgrades and modifications needed to meet rising electricity demands [5] Group 3: Production and Revenue Recognition - The company primarily uses the "FOB" (Free On Board) trade model for revenue recognition, confirming income upon completion of production and export procedures [6] - The Vietnam production base has four operational HRSG (Heat Recovery Steam Generator) production lines, with plans to expand to a total of 12 lines [9] Group 4: Competitive Landscape and Product Advantages - In the HRSG market, the company faces competition from manufacturers in North America, South Korea, and Thailand, but holds advantages in production cost and extensive customer experience [7][8] - TIG welding technology offers significant benefits for oil and gas pipelines, enhancing corrosion resistance and extending equipment lifespan [10] Group 5: Future Market Outlook - The global oil and gas pipeline market is expected to grow due to increasing natural gas demand and the need for infrastructure upgrades in developed regions [11] - The company plans to adapt its production strategy to align with market demands, focusing on international production management to strengthen customer relationships [11]
博盈特焊(301468) - 2025年11月21日投资者关系活动记录表