FORTUNE(SH:603173)2023-11-21 02:24Group 1: Financial Performance - The company’s IPO project "Annual Production of 15 Sets of Large Deep Cooling Equipment" started production in January 2023, generating revenue of CNY 19.0788 million in the first half of 2023 [3] - The company’s new orders from January to August 2023 increased by 24% year-on-year, indicating a positive outlook for annual new orders [4] - The company had a total order volume of CNY 3.8 billion last year, with varying project implementation cycles depending on project specifics and customer needs [5] Group 2: Market Strategy and Competitiveness - The company focuses on core business and aims to enhance value management and delivery to provide long-term returns to investors [3] - The company is considering extending its operations into the gas sector, prioritizing domestic projects while also evaluating potential acquisitions of overseas gas operations [4] - The company maintains a competitive edge in various technical fields, particularly in the air separation equipment sector, achieving oxygen purity levels of 99.9999% [4] Group 3: Operational Insights - The company acknowledges the seasonal fluctuations in its business performance due to the nature of large equipment projects, which can significantly impact monthly or quarterly results [5] - The implementation cycle for small standardized projects is approximately 9 months, while larger projects typically exceed one year [5] - The company is committed to high-quality project delivery, adhering to the principle that "quality is the life of the enterprise" [5][6]