TOPRAYSOLAR(SZ:002218)2022-11-21 05:30Group 1: Company Overview and Strategy - Shenzhen Tuori New Energy Technology Co., Ltd. focuses on stable operations and strategic planning aligned with industry trends and policies, emphasizing solar application products with high gross margins and low competition [1][2]. - The company has established a strong position in the photovoltaic industry, leveraging a cash-on-delivery sales model that provides stable cash flow [1][2]. - Tuori aims to enhance its business flexibility by expanding its components, auxiliary materials, and power station segments [2]. Group 2: Market Position and Competitive Advantages - The company has a planned production capacity of approximately 2 GW for components, with future expansions aligned with auxiliary material capacity [2][3]. - Tuori's auxiliary materials, including glass and film, are produced in-house, with a self-supply ratio of 20-30% for glass [3]. - The company has a competitive edge in the international market by focusing on multi-crystalline components and consumer application products, allowing for cost-effective expansion [2][3]. Group 3: Future Business Directions - The company plans to reduce its self-use ratio to below 20% while increasing external sales, which is expected to enhance revenue and profit margins [4]. - Future collaborations with major clients and state-owned enterprises are anticipated to deepen, particularly in joint power station projects [3][4]. - The company is exploring opportunities in overseas markets, particularly through partnerships with local enterprises and developers [3].