LXBY(SZ:002884)2022-12-03 09:48Group 1: Company Overview and Market Presence - The company has established over 300 domestic distribution points and 10 offices by the end of 2017, actively expanding its market coverage [3] - The company exports products to over 80 countries across the Americas, Europe, Asia, Africa, and Oceania, maintaining long-term stable relationships with over 400 international clients [3][4] - The main business includes the research, design, production, and sales of various types of pumps, with applications in water supply, industrial boosting, water treatment, and agricultural irrigation [4] Group 2: Financial Performance and Projections - Revenue growth was reported at 7.77%, while the net profit attributable to shareholders, excluding non-recurring gains and losses, decreased by 10.08% due to rising raw material costs and currency exchange losses [4] - The company invested approximately 33.23 million yuan in R&D in 2017, accounting for 3.38% of its revenue [7] - The company anticipates that its fundraising projects will take 3-5 years to reach full production capacity, with some production lines already in use [6][8] Group 3: Strategic Initiatives and Future Plans - The company plans to actively participate in the Xiong'an New Area construction and expand its overseas market presence, particularly in Southeast Asia and the Middle East [2][3] - Future growth points include leveraging brand and channel advantages, increasing investment in R&D, and focusing on the production and sales of stainless steel centrifugal pumps and clean water pumps [4][5] - The company aims to stabilize its gross profit margin by controlling product pricing, manufacturing costs, and sales performance [5] Group 4: Investor Relations and Market Perception - The company has faced criticism regarding its stock performance and communication efficiency with investors, emphasizing the need for improved market engagement [8] - The management reassures investors that the company is committed to enhancing operational efficiency and maintaining transparency in financial disclosures [6][8] - The company is cautious about the potential impacts of the US-China trade tensions but currently reports stable sales operations [7]