中环海陆(301040) - 中环海陆调研活动信息

Group 1: Company Overview - The main product of the company is slewing bearing forgings, primarily used in the wind power sector, with additional applications in construction machinery, mining machinery, and nuclear power industries [2] - The current production capacity of the company is 140,000 tons [3] Group 2: Production Process - The production process includes several stages: raw material cutting, heating, forging, ring rolling, heat treatment, and ultrasonic testing [2] Group 3: New Production Line - The new production line under construction features energy-saving and material-saving advantages, with intelligent design for higher production efficiency and faster delivery times [2] - The new line utilizes many non-standard equipment and aims to create patents through innovative processes [3] Group 4: Pricing and Sales - The pricing model is based on raw materials plus processing fees, with significant fluctuations in raw material prices this year [3] - Approximately 30% of the company's sales revenue comes from exports, which have higher gross margins and shorter payment cycles, although rising shipping costs have reduced the advantages of export business [3] Group 5: Profitability - Offshore wind power products have higher gross margins due to greater technical requirements and larger product sizes and weights compared to onshore wind power products [3]