HAIGUO(SZ:301063)2022-11-21 15:50Group 1: Company Overview - Zhangjiagang Haiguo New Energy Equipment Co., Ltd. was established in June 2001, primarily engaged in the R&D, production, and sales of large and medium-sized specialized forged components [2] - The company's main products include forged components for oil and gas equipment, wind power equipment, and mechanical equipment, widely used in wind power, oil and gas extraction, machinery, shipping, and nuclear power sectors [2] - The company is recognized in the international forging market and is one of the few domestic suppliers qualified for major global oil and gas equipment manufacturers and large wind power equipment manufacturers [2] Group 2: Financial Performance - The company's profit decline this year is mainly due to rising raw material prices [3] - To mitigate the impact of rising raw material costs, the company is actively passing costs to downstream customers while enhancing internal management, reducing costs, expanding sales channels, and increasing product prices [3] Group 3: Production Capacity and Projects - The ongoing fundraising project includes a high-quality forging expansion and technology transformation project, which is expected to add 22,000 tons of forging capacity annually upon completion [3] Group 4: Market Conditions - The oil and gas business faced challenges due to the pandemic from 2020 to the first half of 2021, but the market began to recover in the second half of 2021 [3] Group 5: Cost Accounting - The company uses a weighted average method for raw material cost accounting [3]