LXBY(002884)2022-12-04 09:00Group 1: Company Overview - The main business of the company is the research, design, production, and sales of civil centrifugal pumps, including plastic bathroom pumps, stainless steel pumps, clean water pumps, and submersible pumps [2] - The company is one of the largest suppliers of water sports and bathroom pumps in China, providing a complete service system from design to after-sales [2] Group 2: Product Advantages - The company has early development experience in plastic bathroom pumps, allowing it to better meet customer needs through adaptive design [3] - All motors for the pumps are produced in-house, ensuring quality and performance [3] Group 3: Financial Performance - The company reported sales of 1.1 billion, despite having fixed assets of only over 100 million, due to a focus on specialized production and efficient use of social production capacity [3] - The company aims for a 10% annual growth in operating performance based on its 2018 equity incentive plan [4] Group 4: Market Challenges - The lack of growth in operating income this year is attributed to weak domestic market demand and slowing foreign growth [3] Group 5: Product Structure and Strategy - The sales proportion of stainless steel pumps has increased, and the product line has been diversified to meet market demands [4] - The company plans to continue refining its core business and expanding its product chain to enhance competitiveness [4] Group 6: Shareholder Relations - Future dividends will depend on the company's operating conditions and shareholder expectations, subject to board and shareholder approval [4]