SUFA(SZ:000777)2024-03-21 09:38Group 1: Sales and Market Position - The main sales channels for the company's forged parts are primarily for internal use, with limited external sales, mainly to valve manufacturers and engineering machinery companies [3] - The company's market share for critical valves in nuclear power plants exceeds 50% [4] - The overseas sales channels for valves include distributors, agents, and direct sales, with major customers located in the Middle East, Europe, and the CIS [3] Group 2: Profitability and Cost Management - The gross margin for overseas valve sales is currently lower than domestic sales, primarily due to a focus on mid-to-low-end products in the overseas market [3] - The company has implemented cost reduction and efficiency improvement measures, resulting in a gradual increase in gross margin [4] - The gross margin for nuclear power valves has been relatively high due to the product output structure, with core technology products generally having higher margins [3][4] Group 3: Production Capacity and Development - The company is actively optimizing its production capacity and has a plan in place to address current capacity issues while considering future production needs [5] - The company is advancing the localization of critical valve actuators, which were previously reliant on imports [5] - Different models of nuclear power units require valves with varying value amounts, with VVER units valued over 300 million, and HuLong units around 200 million [5]