KING EXPLORER(SZ:002917)2022-11-21 15:38Group 1: Company Overview and Operations - Shenzhen Jin Aobo Technology Co., Ltd. is a leading enterprise in the domestic civil explosive intelligent equipment industry and a key player in the Guangdong province's robotics sector [1][2]. - The company has a total production capacity of 111,000 tons for industrial explosives, 72 million units for industrial detonators, 20 million meters for plastic detonating cords, and 10 million meters for industrial detonating fuses [2]. Group 2: Recent Developments - The company completed a major asset restructuring with Beijing Coal Group, resulting in the establishment of a joint venture that significantly increased its production capacity: industrial explosives by 221.57% and industrial detonators by 71.43% [1]. - The company is actively pursuing non-public offerings to enhance its capital strength and solidify its market position, with approval from the China Securities Regulatory Commission already obtained [2]. Group 3: Technological Advancements - Jin Aobo is committed to increasing R&D investment in intelligent robotics, with products including a tracked loading and unloading robot system and an automated packaging line for industrial explosives [2]. - The company is integrating VR and AI technologies into its smart civil explosive information service system for real-time inspections and maintenance guidance [3]. Group 4: Market Position and Competitive Advantage - The company maintains a leading position in the domestic market, with significant advantages in product safety, stability, automation, and after-sales service compared to competitors [3]. - The civil explosive industry is characterized by strict regulatory barriers, which the company navigates effectively to maintain its competitive edge [2]. Group 5: Future Development Plans - Future strategies include focusing on four main business areas: integrated civil explosives, fine chemicals, intelligent manufacturing, and smart cloud services [3]. - The company aims to enhance its product offerings and market share in various sectors, including military applications and high-performance surfactants for diverse industries [3].