PRCO(SZ:002225)2022-12-07 08:41Group 1: Overseas Market Expansion - The company's strategic goal is to enter the top three in the global refractory materials industry by 2020, which is challenging to achieve through domestic growth and mergers alone [1] - Currently, overseas revenue accounts for approximately 20%, with a target to increase this to 50% by 2020 [2] Group 2: Response to Downstream Industry Challenges - The downstream industries, primarily steel and cement, are experiencing a downturn, leading to reduced demand and prices, which complicates the operational environment for refractory materials [2] - The company remains confident in overcoming these challenges due to its technological strength and management capabilities, focusing on innovation to reduce costs and expenses [2] Group 3: Raw Material Development in Xinjiang and Tibet - Xinjiang's halohalite magnesium mine is positioned to benefit from the region's unique advantages and the "Belt and Road" initiative, with expectations of stable market growth [3] - The Tibetan magnesium mine is a high-end resource with low impurities and high purity, suitable for high-value products, and efforts are underway to secure mining permits [3] Group 4: Environmental Materials Division - The company has expanded into non-steel sectors, establishing an environmental materials division to promote chromium-free refractory materials for cement kilns [4] - The company’s current production of chromium-free materials positions it favorably in the market, leveraging research advantages to capture opportunities during industry transitions [4]