POWER HF(605100)2022-11-19 01:32Group 1: Company Performance and Strategy - The company reported a successful collaboration with Leiwo Heavy Industry, focusing on export agricultural machinery since the second half of 2021, with ongoing deliveries [1] - The company emphasizes that internal combustion engines will remain the mainstream power source for land transportation, shipping, and construction machinery for a considerable time [1] - The company aims to drive high-quality development and transformation through technological innovation, product diversification, and customer diversification strategies [2] Group 2: Market Trends and Opportunities - The company is actively exploring opportunities in the new energy sector and energy storage, focusing on cutting-edge battery technologies to create new growth points [2] - The company’s intelligent generator sets are targeted at data centers and mobile communication fields, with the construction of data centers expected to boost demand for backup power [2] - The company is developing a new platform for diesel engines, focusing on multi-cylinder series engines (4L, 5L, 7L) aimed at agricultural machinery, construction machinery, and backup power markets [3] Group 3: Project Progress and Developments - The core component manufacturing project for engines has been in operation since 2020 and is nearing completion [2] - The new lightweight engine core component project has passed customer verification and is progressing as a funded project since its change in September 2021 [3] - The company is advancing cooperation with a leading heavy-duty truck engine manufacturer in the core component business [2]