Baoding Technology(SZ:002552)2022-12-08 08:04Group 1: Traditional Business Recovery - The shipbuilding market showed signs of recovery in 2013, with an increase in orders for shipbuilding companies, benefiting the company [1] - The order volume for diesel engine parts has already surpassed the total for the previous year, with expectations for an increase in traditional shaft and steering system orders in the second half of the year [2] - The recovery of the shipbuilding industry lays a foundation for the gradual recovery of the main business and performance growth [2] Group 2: Investment Projects Completion - The precision processing project has been launched, extending the company's industrial chain and enhancing its precision processing capabilities [2] - The company has completed the production of precision shafts for MAN and Wärtsilä, and received subsequent orders, along with positive feedback for products from ABB and other clients [2] - The depreciation from new projects has impacted this year's performance, but future business expansion is expected to enhance company performance [2] Group 3: Offshore Engineering Business Expansion - The company has been producing and selling offshore equipment components since 2012, with recent developments in new product categories [3] - The core management and technical personnel for the offshore project are in place, and the main equipment installation has been completed, with trial products recognized by ABS and CCS [3] - The domestic production of offshore equipment is expected to provide growth opportunities, with anticipated increases in offshore product output value [3] Group 4: Military Industry Business Expansion - Increased national defense investment is expected to create opportunities in the military market, with the company actively pursuing military product market entry since 2012 [4] - The company has obtained quality management system certification and confidentiality qualifications, enhancing its ability to enter the military product market [4] - The production requirements for military products are higher, leading to potentially higher profit margins compared to traditional products [4] Group 5: External Investment Strategy - Over the next 3-5 years, the company will focus on market expansion to quickly realize the benefits of new investment projects and offshore products [4] - The company aims to collaborate with enterprises that have R&D capabilities to enhance its technical and design capabilities [4] - There is an intention to seek partnerships with high-end equipment manufacturers that have core technologies and products that can replace imports [4]