Yongfu(SZ:300712)2022-12-03 10:30Financial Performance - The company expects a net profit of approximately 38.5 million to 43 million RMB for the first half of 2019, representing a year-on-year growth of 0.65% to 12.41% [3] - In the first quarter of 2019, the company reported a revenue of 264,912,373.10 RMB, a year-on-year increase of 105.70%, with a net profit of 19,790,734.09 RMB, up by 10.37% [3] - The overseas business accounted for 10.33% of total revenue in 2018 [3] Market Position and Share - The company holds approximately 50% market share in the main grid survey and design business in Fujian, 10% in the distribution network, and 30% in renewable energy survey and design [7] - The company has established cooperative relationships with over 30 central and local state-owned enterprises, including major players like State Grid and China Three Gorges Corporation [7] Project Development and Technology - The company has invested 24,576.89 million RMB in fundraising projects as of March 31, 2019, achieving a completion rate of 66% [6] - The company is involved in significant projects in Vietnam and Southeast Asia, focusing on EPC (Engineering, Procurement, and Construction) contracts [7] - The company has developed advanced technologies in offshore wind power, ultra-high voltage, nuclear power, and large gas power plants, with numerous patents in these areas [4] Environmental and Regulatory Compliance - The company adheres to environmental regulations and conducts its projects in compliance with relevant laws [2] - The company has received certifications for quality, environment, and occupational health and safety management [3] Future Outlook - The company aims to expand its overseas market presence, particularly in the context of the Belt and Road Initiative, leveraging its experience and project execution capabilities [4] - The company is optimistic about the future of the ubiquitous power Internet of Things, anticipating significant investment growth in this area [6]