龙源技术(300105) - 龙源技术调研活动信息

Group 1: Company Overview - The company is Yantai Longyuan Power Technology Co., Ltd., with stock code 300105 [2] - The meeting took place on April 28, 2023, at the company's headquarters [2] Group 2: Revenue and Market Performance - The company confirmed that revenue experiences seasonal fluctuations, particularly in the second half of the year, especially in Q4 [2] - The company anticipates an increase in orders for the energy-saving ignition project compared to the previous year, depending on market conditions [2] Group 3: Biomass and Fuel Sources - Biomass sources for co-firing include local agricultural products, with specific projects utilizing vegetable waste and sugarcane leaves [2] - The company aims to address local agricultural waste disposal needs while ensuring that fuel prices remain lower than coal [2] Group 4: Technology and Project Development - The company is currently implementing a demonstration project for ammonia combustion technology [3] - Plasma ignition technology is distinct from oil ignition technology, with higher initial investment but lower operational costs in the long run [3] Group 5: Competitive Advantages - The company boasts strong R&D capabilities, mature technology routes, and extensive design experience across various furnace capacities [3] - A significant portion of the company's revenue comes from transactions with the Energy Group, which is a major client [3] Group 6: Future Projects and Economic Viability - The company is capable of undertaking large-scale comprehensive renovation projects, including coal-electricity integration [4] - The Zimbabwe project has faced delays due to overseas export impacts, with the first unit's plasma equipment installed and awaiting commissioning [4] Group 7: Cost Management and Material Impact - The company expects an increase in travel expenses this year due to business development needs, while controlling overall costs to not exceed revenue growth [3] - Key materials affecting costs include certain steel, copper, and nickel, which are sourced externally [5]