Furuise(300228)2022-11-21 15:50Group 1: Company Overview - The company specializes in the manufacturing of equipment for the entire industrial chain of liquefied natural gas (LNG), including storage, transportation, and terminal applications [2] - Main products include LNG plants, refueling station equipment, cryogenic liquid transport vehicles, and various specialized energy equipment [2] Group 2: Business Performance - The company faced challenges in LNG vehicle bottle sales due to a significant increase in international natural gas prices, impacting domestic LNG vehicle promotion [3] - Despite the challenges, the company's diverse product structure, including LNG intelligent tanks and heavy equipment, has helped maintain stable overall business performance [3] - The market share of the company's LNG vehicle bottles remains above 20%, although sales have been affected by the downturn in LNG heavy truck sales [3] Group 3: Strategic Decisions - The company transferred its hydrogen energy subsidiary in 2018 due to the lack of profitability and the need for substantial funding for technology development, which was not feasible given the company's financial situation at that time [4] - The long-term strategy focuses on strengthening the LNG equipment manufacturing business while monitoring advancements in clean energy, including hydrogen applications [5] - The company is currently developing vehicle liquid hydrogen supply systems and related hydrogen valves, with projects progressing steadily [5]