ZHEFU(SZ:002266)2022-12-07 08:18Group 1: Company Overview and Activities - Zhejiang Fu Holding Group Co., Ltd. is involved in investor relations activities including analyst meetings, media interviews, performance briefings, and roadshows [2]. - The investor relations activity took place on June 4, 2015, in the company meeting room, attended by representatives from Dongwu Securities and Guojin Securities [2]. Group 2: Nuclear Technology and Projects - The AP1000 is a third-generation nuclear reactor developed by Westinghouse, with a power level of 1,000 MW, but its construction has faced delays due to key component issues [3]. - The Hualong One technology, developed by China National Nuclear Corporation and China General Nuclear Power Group, is expected to be widely adopted in future nuclear power projects, with significant progress in domestic projects like Fuqing Units 5 and 6 [3]. - The gross margin for control rod drive mechanism orders is estimated to be around 50%, with more precise figures expected after formal contract execution [3]. Group 3: Production Capacity and Market Strategy - The current production capacity for the company is five units per year, with potential expansion depending on order volume [3]. - The company plans to allocate funds to support the development needs of Huadu Company, focusing on advanced equipment and personnel configuration [3]. - The company does not plan to enter the pressure vessel production market due to high competition and saturation, but may consider other nuclear component fields in the future [3]. Group 4: Technical Reserves and Future Prospects - In addition to the ML-B control rod drive mechanism technology, the small reactor ACP100K has passed review and is ready for engineering application, with promising market prospects [3]. - The pricing of hydropower equipment contracts varies significantly due to the non-standard nature of products and differing project requirements, indicating that contract amounts are not directly correlated with installed capacity [4].