Wuxi Smart Auto-control Engineering (SZ:002877)2023-03-24 08:14Company Overview - Wuxi Intelligent Control Engineering Co., Ltd. was established in 2001 and specializes in the design, research, production, and sales of intelligent control valve products, emphasizing domestic production and technological innovation [2] - The company was listed on the Shenzhen Stock Exchange in June 2017 and is recognized as a national high-tech enterprise and a specialized "little giant" enterprise [2] - It has established five wholly-owned subsidiaries and has set up product after-sales service stations nationwide [2] Financial Performance - In 2022, the company achieved a revenue of 860 million CNY, representing a year-on-year growth of 17.47% [3] - The net profit attributable to shareholders was 84.29 million CNY, with a year-on-year increase of 33.22% [3] - The company continues to maintain strong growth in the petrochemical sector and is rapidly expanding in the photovoltaic and new energy sectors, forming new business growth points [3] Product Characteristics - The company offers a wide range of products suitable for high-end markets, focusing on domestic independent research and development [3] - Products are designed for special working conditions, enhancing added value and ensuring stable quality, particularly in large refining, petrochemical, new materials, and new energy sectors [3] - A rapid response mechanism is in place to meet customer-specific requirements, providing tailored solutions and maintenance services for both its own and other brands' control valves [3] Future Development - Ongoing construction of switch valve projects is expected to further expand production capacity and address current capacity bottlenecks [3] - Discussions on future development strategies and related business areas were held, highlighting the company's commitment to innovation and market responsiveness [3]