SNS(SZ:300470)2025-12-21 09:52Group 1: Market Development and Strategy - The company views incremental business as a key source for development and expansion, despite increasing competition in the market [2] - The international market, particularly in the oil and petrochemical sectors, presents significant growth opportunities, especially with increased investment and project acceleration in the Middle East [2] - The company aims to capture market share in the international stock market by gradually replacing foreign brands with its products, focusing on "occupying stock through incremental" strategies [3] Group 2: Product and Service Quality - The company has over 40 years of development, achieving industry-leading technology levels, which allows it to replace foreign mechanical seals in key application areas [3] - A strong service attitude and efficient problem-solving enhance customer trust and loyalty, particularly after resolving critical issues [3] - The mechanical seal industry faces challenges due to its complex nature, requiring high levels of expertise and experience, with past engineering performance being a significant barrier to entry [3] Group 3: International Expansion - The acquisition of the German subsidiary KS GmbH is a strategic move to enhance international market presence and gain valuable experience in international mergers and acquisitions [3] - KS GmbH's products are at an internationally leading level, providing synergy with the company's existing operations [3]