SOJO(SZ:300444)2022-12-08 01:18Group 1: Company Overview - Beijing Shuangjie Electric Co., Ltd. has evolved from a small enterprise focused on agency and assembly of electrical equipment to an innovative company with independent R&D capabilities [2][3] - The company has developed over 70 products across seven major series, including 12kV SF6 gas-insulated ring main units and solid insulated ring main units [3][4] - The solid insulated ring main unit was recognized as a "National Key New Product" by the Ministry of Science and Technology and included in the first batch of key promoted new technologies by the State Grid Corporation in 2011 [3] Group 2: Market Position and Sales - In 2015, the usage of solid insulated ring main units in new and renovation projects was not less than 25% of the total new capacity according to the first batch of key promoted technologies [3][4] - The company generates 70%-80% of its annual revenue from State Grid and Southern Grid, while also expanding into non-grid sectors such as oil, petrochemicals, military, and railways [4] - The company is actively participating in international power exhibitions to enhance its overseas market presence, particularly for solid insulated ring main units [4] Group 3: Industry Challenges and Future Outlook - The domestic market for ring main units is characterized by a large number of manufacturers, leading to intense competition and quality concerns [4] - As the State Grid and Southern Grid increase their quality requirements, some companies may be eliminated, leading to a potential increase in industry concentration [4]