EAGLERISE(CHINA)(002922)2022-11-21 15:44Business Overview - The company has a long history of supplying non-crystalline transformers to German photovoltaic customers and later expanded to Japanese clients like Hitachi and Meidensha [2] - The company adjusted its strategy to focus on the domestic market, targeting top-tier clients in the photovoltaic industry [2] - The company aims to achieve a revenue target of 10 billion yuan, leveraging its strong customer base and multiple product lines [4] Product and Market Performance - High-frequency inductor products are primarily supplied to major clients like Sungrow and Huawei, with recent expansions to other inverter manufacturers such as Ginlong Technologies [2] - High-frequency inductor products face significant margin pressure due to rising raw material costs, with competitors including Jingquanhua and Haiguang [2] - The company's boost transformer product, developed in 2019, achieved revenue of 24.61 million yuan in 2020 and 76.30 million yuan in the first half of 2021, with strong order backlogs [3] - The company supplies phase-shifting transformers for the Panama Power solution, which offers 50% less space and 40% savings in equipment and construction costs compared to traditional data center power solutions [3] Strategic Initiatives - The company is implementing digital transformation and process optimization projects to upgrade its supply chain, R&D, and management systems [4] - The company plans to focus on mergers and acquisitions primarily in the new energy sector, with secondary focus on lighting and industrial control industries [4] Industry Outlook - The company is optimistic about the long-term growth of the photovoltaic industry, driven by the trend of carbon neutrality and grid parity for photovoltaic power generation [3]