XC-TECH(SZ:300139)2022-12-07 09:06Group 1: Company Overview - The company operates in the integrated circuit design and smart energy meter manufacturing sectors, forming a complete industrial chain from design to application [3][4] - The company has been actively expanding internationally, particularly in Asia, West Africa, and South Africa, prior to the "Belt and Road" initiative [4] Group 2: Projects and Investments - Current projects in Africa include BOT projects, loss reduction projects, two distribution network projects, a 20 MW solar power station, and a PPP project in South Africa [3][4] - A memorandum of understanding has been signed for a 660 MW gas power station project, with specific contracts yet to be finalized [3] Group 3: Funding and Financial Strategies - The company anticipates a significant funding requirement for overseas investments, primarily in USD, and plans to address this through refinancing, bond issuance, state support, or bank financing [3][4] - The company is considering partnerships based on actual operational and project conditions [4][5] Group 4: Market Trends and Challenges - The company aims to capture both domestic and international markets, focusing on integrated circuits while steadily developing overseas markets [4][5] - The biggest challenge faced in overseas projects is the lack of skilled management personnel, prompting the company to enhance talent reserves and optimize management processes [5][6] Group 5: Political and Economic Environment - Countries like Ghana and South Africa, where the company operates, are politically stable and legally sound, with Ghana being noted as the safest in West Africa [5][6] - The company sees opportunities in the power generation sector due to the government's plans to build a "West African Power Corridor" [5]