SANBIAN SCI-TECH(SZ:002112)2022-12-06 07:24Group 1: Company Overview - The number of shareholders as of May 15, 2017, is 20,180 [1] - The company is unable to predict its performance by the end of the year due to uncertain sales volume [3] Group 2: Market Challenges - The transformer industry is facing severe overcapacity and low industry concentration, leading to intensified price competition and declining profits [3] - The company plans to accelerate overseas market expansion while consolidating its domestic market [3] Group 3: Product Development - The company is focusing on high voltage, energy-saving, and new energy technologies, with 23 research projects including ODFS-334000/500 single-phase autotransformer and solar container-type transformers [3] - Currently, 20 projects have been commercialized and are operating reliably in the market [3] Group 4: Strategic Initiatives - The company is leveraging the "Belt and Road" initiative to expand its international business and has received some foreign orders from countries along the route [3][4] - The company plans to increase investment in international business and implement a "going out" strategy to share the benefits of the "Belt and Road" initiative [4] Group 5: Corporate Actions - The major asset restructuring project was terminated in August 2016, and any future restructuring plans will be disclosed as per regulations [4] - The company established Zhejiang Sanbian New Energy Co., Ltd. in September 2016, but has not yet commenced operations due to unclear policy details [4] - As of January 2017, the company received a notice regarding a shareholder's reduction plan, but no further actions have been reported [4]