DORIGHT(300950)2024-11-21 10:37Group 1: Company Operations - Approximately 80% of the company's raw materials are processed in-house [2] - The company primarily expands its overseas market through participation in trade shows, digital platforms, customer referrals, and establishing overseas agency channels [2][3] - The core competitive advantage in the heat exchange field lies in ultra-high temperature heat exchange technology, supported by material, design, and process advantages [3] Group 2: Product and Market Performance - As of the 2024 mid-year report, the company has an order backlog of 515 million CNY, with overseas orders amounting to 230 million CNY [3] - The fastest-growing overseas markets are in Europe, America, and Southeast Asia, driven by increasing demand in the carbon black industry [3][4] - The company’s high-temperature air preheaters are crucial in clean coal utilization, ensuring energy efficiency and adaptability to various coal types [4] Group 3: Financial Performance and Growth Drivers - The significant growth in 2024 is attributed to the expansion of overseas business and alignment with national dual carbon policies and equipment renewal policies [4] - The company’s energy-saving heat exchange equipment contributes to improved energy efficiency and reduced carbon emissions, supporting national carbon peak and neutrality goals [4]