HUAMING(002270)2022-12-04 09:14Group 1: Company Overview - Huaming Electric Equipment Co., Ltd. is the only domestic provider with two production bases for on-load tap changer solutions and equipment, serving global power grids and industrial users [1] - The company has approximately 40 years of industry experience and holds over 350 authorized patents [2] Group 2: Market Position and Sales - Huaming ranks as the leading domestic manufacturer of on-load tap changers, producing about 9,000 units annually, which accounts for approximately one-third of the global production of 27,000 units [3] - The company has over 350 end-user enterprises across various sectors, including power, energy, chemical, metallurgy, and transportation [2] Group 3: Global Market Strategy - Huaming has established itself as a key supplier in the global on-load tap changer market, with a strong reputation for product reliability [4] - A memorandum of understanding was signed with Berkshire Hathaway Energy to provide products and technical services, impacting nearly 40 transformer manufacturers across approximately 100 countries [5] Group 4: Future Market Planning - The company aims to enhance customer service through synergies with Changzheng Electric, focusing on resource integration across R&D, procurement, production, sales, and financing [6] - Huaming plans to expand its service market by establishing a repair service company to meet the growing demand in China's power industry [7] - The company is actively seeking overseas partnerships to increase its market share, particularly after establishing a subsidiary in California to support its collaboration with Berkshire Hathaway Energy [7] - Huaming intends to explore the development of products related to the ubiquitous power IoT, leveraging technologies like 5G and AI [7] Group 5: International Sales Landscape - Over 150,000 units of Huaming and Changzheng brand tap changers are operational in more than 100 countries, with service networks established in key markets like Turkey, Russia, Brazil, and the USA [8] Group 6: Brand Synergy and Future Planning - The acquisition of Guizhou Changzheng Electric enhances Huaming's market position and competitive ability in the international market [9] - A new investment agreement was signed to build an intelligent production base for high, ultra-high, and extra-high voltage tap changers in Zunyi, Guizhou, with an expected annual capacity of over 6,300 units [10]