Group 1: Company Overview and Market Position - Guangdong Boying Special Welding Technology Co., Ltd. was established in 2007, focusing on welding services for North American offshore drilling platforms and has since expanded into anti-corrosion and wear-resistant welding fields [1] - The company successfully listed on the Shenzhen Stock Exchange's Growth Enterprise Market in July 2023, emphasizing its commitment to welding technology and solutions [1] - The company aims to maintain its leading position in the domestic market while actively exploring overseas markets, including investments in a production base in Vietnam [1] Group 2: Market Demand and Expansion - The company has identified significant market opportunities in the HRSG (Heat Recovery Steam Generator) and oil and gas composite pipe sectors, with HRSG already achieving a certain scale of production [2] - As of September 30, 2025, overseas revenue accounted for approximately 54.28% of total revenue, with products primarily exported to Asia, North America, South America, and Europe [2] - The demand for waste incineration in overseas markets is expected to grow, particularly in developing countries facing rapid urbanization and waste management challenges [3] Group 3: Production Capacity and Investment - The Vietnam production base has four HRSG production lines in phase one, with plans for a total of 12 lines, and phase two is under construction [5] - The company plans to invest up to 275 million yuan in the Vietnam base to expand production capacity and improve service quality [6] - The revenue recognition method primarily follows the FOB (Free On Board) trade model, confirming revenue upon completion of production and export procedures [7]
博盈特焊(301468) - 2025年12月16日投资者关系活动记录表