Group 1: HVLS Fan Business Overview - The HVLS fan market penetration rate is currently low, indicating it is a relatively new segment within the industry [2] - The company's fan sales model primarily relies on direct sales domestically, with offices established in major industrial cities [2] - Internationally, the company operates through distributors and has set up subsidiaries in India and Mexico for local market development [2] Group 2: Profitability and Market Dynamics - The HVLS fan industry is characterized by high gross margins due to its emerging nature and seasonal demand, which is essential for sustainable development [3] - The company covers the entire value chain from R&D to after-sales service, contributing to its ability to maintain high gross margins [3] - In 2021, the company produced 25,720 HVLS fans, and its current capacity is fully utilized, with plans for expansion following future fundraising projects [3] Group 3: New Energy Business Development - The company is leveraging its extensive customer and channel resources from the fan business to develop its new energy sector, which is currently in its initial stages [3] - The core management team for the new energy business has over 10 years of industry experience, ensuring strong operational capabilities [3] - The current business model for the new energy sector focuses on project development, construction, and revenue generation from electricity fees, with plans to sell some assets once the business scales [3] Group 4: Overall Business Strategy - The company is expanding from its core HVLS fan business into distributed photovoltaic and energy storage sectors, which are still in the early stages of team building and market investment [4]
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