CFGC(SZ:000055)2022-12-06 23:31Group 1: Metro Screen Door Business - The main barrier to entry in the metro screen door industry is the high reliability requirement, necessitating 1 million fault-free tests before supply [2] - The company holds a 30% market share in the metro screen door sector, with operations in 20 cities across China [3] - Maintenance services for metro screen doors are expected to generate approximately 200,000 RMB per line, with a growing market potential as more metro lines enter paid maintenance periods [3] Group 2: Curtain Wall Business - The curtain wall business is growing at an annual rate of 20%-30%, with projected revenue of 3 billion RMB by 2018 [3] - The overall market capacity for curtain walls is estimated at 100-200 billion RMB, with the company holding a market share of about 1%-2% [3] - Competitive advantages in the curtain wall sector include technology, brand strength, and notable projects with major clients like Wanda and Alibaba [4] Group 3: Photovoltaic Projects - The photovoltaic power stations operate under a heavy asset model, with a net profit margin of 40%-50% [4] - The company anticipates 30-40 MW of distributed photovoltaic power stations to be connected to the grid in 2016 [4] - Future developments in the photovoltaic sector will depend on government subsidies and the availability of internal funding [4] Group 4: LED Business Impact - The LED business incurred a loss of over 90,000 RMB in 2015, accounting for 60% of the company's operations, and has since been divested [4]