WELLTECH(SZ:002058)2022-12-08 03:18Group 1: Company Overview - The company, Shanghai Weitai Industrial Automation Co., Ltd., was established in 1992 and entered the pressure transmitter field, later collaborating with AAB and introducing electromagnetic flow meters in 2002 [1] - In 2011, the company acquired Datong Instrument, gaining access to control valve products [1] Group 2: Downstream Market Situation - The downstream market for pressure transmitters includes thermal power generation, metallurgy, and petrochemical industries [1] - The largest demand for electromagnetic flow meters comes from the metallurgy and municipal sectors [1] - Control valve products primarily target the petrochemical and power industries [1] - Recent years have seen a decline in downstream market demand, impacting the sales of the company's products [1] Group 3: Development Strategy - The company aims to explore new downstream application industries to find suitable sectors for its products [2] - It plans to enhance its product line by increasing product variety through agency and research and development efforts [2]