GuoTong(SZ:002205)2022-11-19 01:20Business Overview - The main business of Guotong Co., Ltd. remains in the PCCP (Prestressed Concrete Cylinder Pipe) and wind tower manufacturing, with wind power projects contributing a relatively small percentage to revenue [1] - As of April 2022, the company signed new orders amounting to 130 million CNY, which is a decrease compared to the same period last year [2][4] Financial Performance - The company experienced a loss in Q1 2022 due to seasonal shutdowns and pandemic control measures, but expects a recovery in Q2 as production resumes [1][3] - The company's profit decreased by nearly 50% this year, primarily due to insufficient global economic recovery and rising raw material costs [4][6] Market Conditions - National infrastructure investment increased by 45.5% compared to the same period last year, which is expected to benefit the company [5] - The company is actively participating in bidding for water conservancy projects, which are expected to provide more development opportunities [5][6] Product and Market Strategy - The company has over 30 high-end concrete product production lines across various regions in China, with a focus on expanding its market presence [3] - The company plans to enhance its product development and extend its industrial chain, particularly in high-end concrete products [8][9] Investor Relations - The company emphasizes the importance of investor returns and has established a three-year shareholder return plan, which includes cash dividends [4][9] - The management is committed to maintaining transparent communication with investors and enhancing long-term value [9]