Changgao NEET(SZ:002452)2022-11-22 03:08Company Overview - The company, established in 1998, was listed on the Shenzhen Stock Exchange in July 2010 under the stock code 002452. It specializes in power transmission and transformation equipment manufacturing, power design, and engineering services [4]. - The company operates two main business segments: power transmission and transformation equipment manufacturing, and power design and construction [4]. - The company has a strong technical innovation capability and solid production strength, with steady growth in operating performance over the past two years [4]. Financial Performance - As of the end of 2020, the company had a short-term loan balance of over 600 million yuan. Cash recovery from projects is expected to improve cash flow significantly [5][6]. - In 2020, the company's financial expenses amounted to over 27 million yuan [6]. - The revenue from the power engineering and design business accounted for 8% of the total operating income in 2020 [8]. Strategic Development - The company aims to enhance product intelligence, digitization, and environmental upgrades, focusing on the core business of electric power [4][6]. - The company is actively seeking mergers and acquisitions opportunities within the industry to expand its product range and strengthen its market position [6]. Competitive Advantage - The company competes with notable domestic firms such as China XD Group and Pinggao Group. Its advantages include specialized expertise and a strong industry position, particularly in high-voltage isolation switches [9]. - The company is involved in the development of 550kV combination electrical equipment to further enhance its competitive edge [9]. Investor Relations - The company is currently implementing a non-public issuance plan, with interest from various state-owned capital investors [7]. - There are no current plans for stock repurchase, and the company has conducted two stock option incentive plans since its listing [13].