JIANGSU SHENTONG VALVE CO.(002438)2025-02-22 09:22Group 1: Company Overview and Strategy - The meeting was hosted by the Vice President and Secretary of the Board, emphasizing compliance with disclosure regulations and introducing the company's basic situation and strategic planning [2]. - Jiangsu Shentong focuses on the research and manufacturing of special high-pressure valves for hydrogen fuel cells, hydrogen storage systems, and hydrogen refueling stations, with a product line covering high-pressure hydrogen valves from 35 to 105 MPa [3]. Group 2: Market Position and Competition - The domestic nuclear valve localization rate has reached 85%-90%, indicating significant progress in China's valve manufacturing industry and its global competitiveness [5]. - The company supplies various nuclear valves, including nuclear-grade butterfly valves and ball valves, and is actively expanding its product range amidst a complementary competitive landscape [7]. Group 3: Future Projections and Orders - The valve orders for nuclear power units approved in 2024 are expected to begin delivery in 2026 and 2027 [8]. - In 2024, the proportion of nuclear-grade flanges and forged products in the Wuxi Flange subsidiary's orders has exceeded 50% due to the increasing number of newly approved nuclear power units [9]. Group 4: Marine Valve Development - The company is enhancing its marine valve production capabilities by leveraging the geographical advantages of the Nantong shipbuilding base and participating in various marine engineering projects [10]. Group 5: Meeting Summary - The investor meeting lasted approximately two hours and concluded without any significant undisclosed information leaks [11].