Wetown Electric(SH:688226)2024-03-27 07:34Group 1: Product Comparison - Busbars and cables serve similar functions in power transmission and distribution, but they differ in materials, technology, production processes, applications, and performance [2][3] - Busbars are not suitable for transmission but are primarily used in distribution systems, while cables can be applied in both transmission and distribution [3] - Busbars are more suitable for high current scenarios, offering advantages such as easy installation, good heat dissipation, flexible branching, compact space usage, and longer lifespan [3] Group 2: Business Outlook - The company plans to maintain stable growth in busbar products while rapidly increasing the growth of complete equipment and transformer businesses to drive overall development in the distribution equipment sector [3] - The revenue structure of the energy storage business did not show significant changes in 2023, primarily focusing on large-scale storage, with commercial and industrial storage being key development areas [3] Group 3: Market Trends - The shipment structure of the SMBB welding strip is still improving, with the company adjusting production based on customer orders [3]