JSTI(300284)2025-02-26 12:54Group 1: Company Overview - Sujiao Technology Group Co., Ltd. primarily serves as a supplier of engineering consulting solutions for public infrastructure, including traditional and emerging sectors like environmental protection and smart cities [2][3]. - 70% of the company's business is focused on highways, municipal projects, and rail transit, while 30% comes from environmental, water transport, and smart city projects [3]. Group 2: Revenue Breakdown - Domestic revenue accounts for approximately 85%, with overseas revenue making up about 15% [3]. - In terms of new orders, Jiangsu and Guangdong provinces contribute to 65% of the domestic revenue, while other regions like Fujian, Zhejiang, and traditional areas such as Gansu, Qinghai, and Xinjiang account for the remaining 35% [3]. Group 3: Project Lifecycle - The project lifecycle is divided into three phases: - Early planning and design account for around 40% - Mid-phase services like monitoring and research constitute over 30% - Post-project operations, including testing and upgrades, make up nearly 30% [3]. Group 4: Future Growth Points - Future growth is expected to come from the operation of existing infrastructure, as new construction investments are projected to slow down [4]. - The focus will shift towards maintenance, upgrades, and smart transformations of existing infrastructure, leveraging the company's strengths in testing and research [4]. Group 5: Low-altitude Application Services - The company has ventured into low-altitude application services, including drone inspections, cargo transport, and personnel transport [5][6]. - Sujiao Technology has established a joint venture, Jiangsu Tengyun Low-altitude Intelligent Technology Co., Ltd., to focus on low-altitude planning and consulting [6]. Group 6: Advantages in Low-altitude Business - The company collaborates with various institutions to establish a research institute focused on low-altitude economic development, emphasizing smart, innovative, and safe growth [10][11]. - The institute aims to address key technological challenges and enhance the overall innovation capacity of the industry [11].