DEVOTION(SZ:300335)2023-11-16 10:33Group 1: Company Overview and Strategy - The company focuses on high-quality development in the context of low-carbon energy transition, emphasizing energy conservation and replacement as key development areas [2] - It aims to respond actively to national strategies on carbon peak and carbon neutrality through three main areas: "new energy and clean energy application equipment," "energy conservation and emission reduction in the construction sector," and "energy digitalization" [2][4] Group 2: Equipment Manufacturing and Transition - The company has transitioned from carbon-based energy equipment (e.g., oil and gas boilers) to new energy equipment (e.g., solar, lithium, and hydrogen energy) [3] - Key products in new energy equipment include photovoltaic equipment structural components, lithium battery equipment, and hydrogen production equipment [3][5] Group 3: Business Performance - In the first half of 2023, the B-end equipment segment achieved revenue of CNY 171.67 million, a 156.63% increase year-on-year [5] - Revenue breakdown includes CNY 59.49 million from clean energy application equipment, CNY 90.88 million from photovoltaic equipment structural components, and CNY 21.31 million from lithium battery equipment [5] Group 4: C-end Comfort Home Solutions - The company has developed a comprehensive solution for comfortable home environments, integrating heating, cooling, ventilation, and water purification systems [4] - The sales network covers major domestic and international markets, with a focus on retail, engineering, e-commerce, and overseas markets [5] Group 5: Future Growth and Market Strategy - The company plans to leverage its manufacturing expertise and expand into new energy sectors, particularly focusing on photovoltaic, lithium, and hydrogen energy equipment [6] - It aims to enhance the quality and efficiency of its B-end equipment business by transitioning to larger industrial boilers and modular commercial boilers [7]