Allied Machinery(SH:605060)2026-02-13 02:25Company and Industry Summary Industry: North American Gas Turbine Market Key Points - Market Progress: The North American gas turbine market is experiencing positive developments, particularly with the Caterpillar 3500 series engines. The expected market volume for this year is 2,000 units, with a unit value of $150,000, leading to a casting market space of $3 billion. Assuming a 35% market share for the company, this translates to $8 billion in revenue and a profit increment of $2 billion [1][1][1] - Cooling Technology Trends: There is a shift towards increased use of mechanical cooling in gas turbines, despite previous suggestions from NV to utilize natural cooling methods. This trend is expected to continue long-term, with NV not enforcing strict requirements on cooling methods [1][1][1] Company: 联德股份 (Lian De Co.) Key Points - Client Acquisition: The company is actively onboarding new clients, including international giants like Caterpillar, and continues to introduce related new products [2][2][2] - Production Capacity: The commissioning of the company's facility in Mexico is anticipated to enhance its ability to fulfill overseas orders [3][3][3] - Subsidiary Performance: The performance of the company's subsidiaries is improving, which is expected to release profit elasticity [4][4][4] - Profit Visibility: The gas turbine and diesel generation segments are closely tied to major client Caterpillar, with profit visibility projected to reach $5 billion. The estimated performance for 2025 is between $2.2 billion and $2.5 billion. By 2026, with improved performance from domestic subsidiaries and the commissioning of the Mexican plant, capacity is expected to reach approximately 90,000 tons, corresponding to $18 billion in revenue and around $3.7 billion in net profit. The company anticipates breaking through 110,000 tons next year, with profits exceeding $5 billion, and full capacity could yield profits of $10 billion, leading to a market valuation exceeding $200 billion [5][5][5]