HAIGUO(SZ:301063)2022-11-21 15:40Group 1: Company Overview - Zhangjiagang Haiguo New Energy Equipment Co., Ltd. specializes in the R&D, production, and sales of large and medium-sized forged components, widely used in oil and gas extraction, wind power generation, and other fields [2][3] - The company is recognized as a qualified supplier for major global oil and gas equipment manufacturers and large wind power equipment manufacturers [3] Group 2: Financial Performance - For the first three quarters of 2021, the company achieved revenue of CNY 751.76 million and a net profit attributable to shareholders of CNY 65.72 million [3] - In 2020, the revenue distribution was 28% from oil and gas and 60% from wind power; in the first quarter of 2021, the distribution shifted to 18.46% from oil and gas and 67.97% from wind power [4] Group 3: Production and Capacity - The company is one of the few manufacturers capable of mass-producing 7MW wind turbine gearbox forgings and yaw and pitch forgings [3] - The company has established a subsidiary, Maigetai, to enhance its finished product processing capabilities, transitioning from rough and semi-finished products to precision finished components [3] Group 4: Market Strategy and Challenges - The company is addressing rising raw material costs by passing some costs to downstream customers while also focusing on internal management, cost reduction, and expanding sales channels [4][5] - The pricing model for gearbox forgings is typically negotiated on a case-by-case basis, reflecting the latest market prices for raw materials [4][5] Group 5: Investor Relations - The company conducted investor relations activities, ensuring compliance with regulations and avoiding the disclosure of any undisclosed significant information [5]