DFDR(SZ:300217)2022-12-03 09:56Group 1: Company Overview - Jiangsu Dongfang Electric Heating Technology Co., Ltd. is primarily engaged in five major product categories: residential electric heaters, industrial electric heaters, special materials for optical cables, steel shell materials for power lithium batteries, and marine oil and gas processing equipment [3][4]. Group 2: Product Performance - The residential electric heater segment holds approximately 40% market share, with major clients including Gree, Midea, Haier, and Aux [3][4]. - The sales of electric heaters for new energy vehicles are expected to grow rapidly, focusing on applications in air conditioning systems, heating systems, and battery group heating [4][8]. - The company aims to achieve sales of 200 million yuan for small household appliance electric heaters in the coming year [4]. Group 3: Industrial Electric Heaters - The company has a robust order backlog of 119 million yuan for industrial electric heaters, with significant breakthroughs in new product development [4][9]. - The new polysilicon reduction furnace has received high recognition from major industry players, leading to increased order volumes [4][5]. Group 4: Financial Projections - The company targets a sales revenue of 2.24 billion yuan (excluding tax) for 2018, representing a year-on-year growth of 29.5% [7][8]. - The growth is supported by stable operations, price increases for major products, and a strong order backlog for industrial electric heaters [7][8]. Group 5: Future Growth Potential - The company anticipates continued growth in 2019-2020, driven by strong demand in the residential electric heater market and the expansion of the new energy vehicle sector [8][9]. - New projects, including the production of lithium battery steel shells and optical communication materials, are expected to contribute significantly to revenue, with projected annual sales of 750 million yuan and net profit of 187 million yuan once fully operational [9][10].