Beijing Tianma Intelligent (688570)2024-12-09 07:34Group 1: Company Overview and Activities - Tianma Intelligent Control is focused on expanding its non-coal business through integrated technology in machinery, electrical, hydraulic, and software sectors [2] - The company has established an Intelligent Manufacturing Division to promote high-end, digital, intelligent, and green transformation in the industry [2] Group 2: Product Lifecycle and Market Demand - The product lifecycle for SAC and SAM products is approximately 3-5 years, while SAP products have a lifecycle of about 8-10 years [4] - The low penetration rate of intelligent coal mining workspaces indicates a growing market demand for the company's main products as the level of intelligence in technology improves [4] Group 3: Research and Development Initiatives - The company has set up an Innovation Research Institute to focus on cutting-edge technology research and development, aiming for business diversification and sustainable growth [3] - Development of multi-way control valves, hydraulic electro-hydraulic control components, and system-level control solutions is underway to promote applications in non-coal sectors [3]