West Construction(SZ:002302)2024-01-23 00:04Group 1: Digital Transformation and Platform Development - The company is actively building the "Concrete Internet" platform, integrating user access, functions, and data, achieving a comprehensive service for concrete delivery [1] - In 2023, the platform's transaction volume and user numbers increased significantly as its capacity improved, with a focus on five service areas: concrete trading, sand and gravel trading, logistics trading, financial information services, and concrete delivery [1] - The software development maturity has reached international standards, with the company recognized at CMMI Level 3 and holding 40 software copyrights and 2 patents [2] Group 2: Market Strategy and Client Structure - The company is expanding its internal customer resources while actively seeking high-quality external clients, focusing on sectors like rail transportation, water conservancy, and infrastructure projects [2] - The strategy emphasizes adapting to market changes, concentrating investments in key national strategic areas such as Beijing-Tianjin-Hebei, Yangtze River Delta, and Greater Bay Area [2] - The company aims to control accounts receivable risks through lifecycle management and plans to implement targeted governance actions to manage the growth of accounts receivable [2] Group 3: New Materials and Aggregate Business Progress - The company established a new materials technology company in 2018, now operating 30 production bases across 26 provinces and 3 countries, enhancing its market competitiveness [2] - The new materials company has become a high-tech entity integrating R&D, production, and sales, with an increasing proportion of exports and an optimized client structure [2] - In 2023, a mining company was registered to support the main business and create new growth points through engagement in sand and gravel project negotiations [2] Group 4: Future Collaborations - The company is exploring mutually beneficial cooperation models with Conch Cement, following the approval of a private placement by the Shenzhen Stock Exchange [3]