LXBY(002884)2022-12-04 09:14Group 1: Company Overview - The main business of the company is the research, design, production, and sales of civil centrifugal pumps, including SPA pumps, swimming pool pumps, vertical and horizontal stainless steel pumps, clean water pumps, submersible pumps, and pipeline pumps [2]. - The company has a complete service system integrating design, production, sales, and after-sales service for civil centrifugal pumps [2]. Group 2: Product Details - Major products include plastic bathroom pumps, stainless steel pumps, and general pumps, with applications in various sectors such as household water supply, chemical engineering, municipal projects, and agricultural irrigation [3]. - The company's plastic bathroom pumps hold a leading position in the Chinese market within their niche [3]. Group 3: Financial and Operational Insights - The company has approximately 1,000 employees across its operations [3]. - Research and development expenses are around 30 million CNY, with over 120 personnel dedicated to R&D, covering costs such as molds, equipment, inspection, and materials [3]. - The company has demonstrated flexibility in production scheduling, capable of completing 40,000 stainless steel pumps in 15 days when required [3]. Group 4: Market and Strategic Positioning - The impact of the US-China trade friction has led to a slowdown in export growth and a decrease in domestic demand due to the broader economic environment [4]. - The company aims to maintain high dividends based on operational performance and shareholder expectations, subject to board and shareholder approval [4]. - Future growth strategies include developing new products, expanding market coverage, and enhancing quality management to ensure product competitiveness [4].