LXBY(SZ:002884)2022-12-03 09:04Group 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 [1] - The company is the largest supplier of civil centrifugal pumps in China, focusing on a complete service system that integrates design, production, sales, and after-sales service [1] Group 2: Product Information - The company offers various types of pumps, with stainless steel and plastic bathroom pumps being the two main product categories [3] - The company aims to expand its production capacity for stainless steel pumps to 800,000 units annually and for centrifugal pumps to 400,000 units annually to meet market demand [3] Group 3: Market and Economic Factors - The company anticipates a net profit growth of approximately 10% for the year, despite economic pressures [4] - The company is affected by the US-China trade tensions, but current orders are still being executed as per original contracts, indicating minimal immediate impact [4] Group 4: Production and Capacity - The company maintains a high capacity utilization rate, meeting current demand while planning to accelerate investment projects to enhance overall capacity [5] - Standardized products can be shipped within one week, while general orders have a production cycle of about one month [4] Group 5: Competitive Position - The company has over 40 years of experience in the electric motor and pump manufacturing sector, aiming to produce superior products compared to competitors [4] - The company faces challenges in recruitment due to lower wage levels compared to competitors in more developed regions, but maintains a competitive wage structure within its local context [5]