XZCE(SZ:002534)2022-12-06 08:44Group 1: Company Performance and Orders - The company reported a total order value of 39.82 billion CNY, indicating a sufficient order backlog for the upcoming period [1] - Approximately 30% of the company's business comes from overseas markets, which is expected to be a growth area for the company [1] - The company is actively pursuing new product development and expanding its presence in the Middle East and North America [1] Group 2: Strategic Initiatives and Market Position - The company has launched a new strategic product, biomass boilers, which has already secured several customer orders and is expected to become a significant growth point in the domestic market [3] - The company is seeking acquisition opportunities in the environmental protection and high-end manufacturing sectors [3] - The company has a market advantage due to the successful operation of the Zhongkong Solar project, which is expected to help secure more orders [3] Group 3: Financial Management and Risks - The total accounts receivable from steel trading is approximately 600 million CNY, with 520 million CNY already provisioned for bad debts, leaving 80 million CNY unprovided [3] - The company is taking measures to recover outstanding receivables through various channels [3] - Steel price fluctuations are managed by locking in prices for certain materials at the time of contract signing, minimizing their impact on contract gross margins [3]