RHI(002483)2022-11-21 15:46Offshore Wind Power Equipment - The company's offshore wind power equipment business includes offshore wind installation platforms, offshore wind foundation piles, and marine engineering cranes [2] - The company has provided offshore wind installation platforms such as "Huadian 1001" and "Huadian Wenqiang" and plans to continue expanding the market [2] - Competitors in the offshore wind power equipment sector include Zhenhua Heavy Industries, Jiangsu Haili, Konecranes, Huisman, and Liebherr [3] - The company currently has a production capacity of 200,000 tons for offshore wind foundation piles and will consider expansion plans based on market conditions [3] - Offshore wind farms are expected to move towards deeper waters as nearshore projects are completed [3] Material Handling Equipment - The company is actively expanding its material handling equipment business alongside its offshore wind power and environmental protection businesses [3] - In July 2021, the company's subsidiary, German KOCH, secured a bulk material equipment order worth nearly 1.9 billion RMB in the UAE [3] - The company plans to further expand its high-end equipment business by increasing production and sales in the material handling equipment market [3] Environmental Protection Business - The company's environmental protection business consists of hazardous and medical waste disposal, as well as sludge treatment [4] - Subsidiary Zhongyou Environmental has a capacity of over 330,000 tons/year for hazardous and medical waste disposal [4] - Subsidiary Lüwei Environmental has a capacity of 1 million tons/year for sludge treatment, with an additional 820,000 tons/year capacity under construction [4] - The company is collaborating with Fudan University to focus on challenging areas of sludge treatment, such as river, pipeline, and deep pit sludge [4] Shipbuilding and Port Resources - The company has secured an order for an 18,500-ton multi-functional deck transport vessel, which will be used for transporting offshore wind equipment, large ship sections, bridge structures, and other materials [3] - The company has two ports: Taicang Runhe Port, a 50,000-ton public general cargo port, and Qidong Runbang Marine Port, a 50,000-ton multi-functional customs-supervised port [4] Strategic Development and Market Expansion - The company is aware of the recovery in the international shipbuilding market, which is expected to positively impact its shipbuilding equipment business [3] - The company's high-end equipment business is less affected by steel price fluctuations due to its make-to-order production model [4] - Guangzhou Industry Control is in the process of acquiring a controlling stake in the company, which will help establish a high-end equipment manufacturing base in southern China and expand into Southeast Asian markets [4] - Guangzhou Industry Control will also assist in expanding the company's environmental protection business in southern China [4]