智能自控(002877) - 2023年09月13日投资者关系活动记录表

Group 1: Industry Development Trends - The control valve industry is experiencing increased demand due to the growing complexity of production lines in sectors such as oil and gas, chemicals, new energy, and pharmaceuticals [2][3] - The domestic production of control valves is enhancing its R&D capabilities, leading to improved product reliability and precision [2][3] - The rise in domestic production rates is accelerating the process of import substitution, with local manufacturers gaining advantages such as proximity to customers and lower costs [3] Group 2: Market Size and Company Position - The overall market size for domestic control valves is approximately ¥60 billion, with an annual growth rate of 5%-6% [3] - Currently, over 50% of the control valve market is dominated by foreign products, particularly in the high-end segment, while the company's market share is around 1.5% [3][4] - The trend towards domestic substitution is gradually forming, indicating a positive outlook for the industry [3] Group 3: Downstream Market Structure - The control valve applications span various industries, including energy, petrochemicals, metallurgy, and environmental protection, resulting in a low concentration of downstream markets [4][5] - The company's business distribution shows that approximately 65% of its operations are in the petrochemical sector, 20% in new energy and materials, and 15% in other areas [6] Group 4: Order Status and Delivery Cycle - The company currently has a substantial backlog of orders, with delivery cycles varying based on project specifics, typically ranging from 3 to 6 months for larger projects [7] - Most products are customized, leading to longer delivery times compared to manufacturers focused on mass production [7]