Vanward(SZ:002543)2022-12-06 07:28Sales Performance - In 2016, the company's gas wall-hung boiler sales increased by approximately 90% year-on-year [2] - E-commerce sales in 2016 amounted to 56,839.29 million yuan, accounting for about 11.46% of total revenue [5] Product Development - In May 2017, the company launched a new product line for gas heating water heaters, including the B2 series, B3 series, B4 series, and commercial boilers [2] - The joint venture with Bosch focuses on the R&D and production of electric water heaters, heat pump water heaters, solar water heaters, and water tanks, with an expected annual production capacity of 4 million electric water heaters, 100,000 heat pumps, 150,000 water tanks, and 1 million square meters of flat solar capacity [4] Market Outlook - The gas wall-hung boiler market in China is expected to experience explosive growth, driven by energy-saving and environmental protection advantages, as well as macro policies promoting "coal-to-gas" initiatives [3] - The next 3-5 years are projected to be a golden period for industry development, with over 400 brands competing in the market [3] Manufacturing and Technology - The company passed the national Ministry of Industry and Information Technology's evaluation for integration of information technology and industrialization in 2015 [4] - In November 2016, the company introduced the MES system as a step towards "smart manufacturing" [4] Strategic Development - The company does not rule out any methods of incentivizing management through equity incentives [5] - The company adheres to a dual-driven development strategy of internal growth and external expansion, aiming to enhance the scale and quality of its main business [5]