LXBY(002884)2022-12-04 09:40Group 1: Company Overview - The main business of Guangdong Lingxiao Pump Industry Co., Ltd. includes the research, design, production, and sales of civilian centrifugal pumps, with key products being plastic bathroom pumps, stainless steel pumps, clean water pumps, and submersible pumps [2]. - The company is one of the largest suppliers of water sports and bathroom pumps in China, providing a complete service system that integrates design, production, sales, and after-sales service [2]. Group 2: Market Demand and Product Applications - The demand for stainless steel pumps is greater than that for plastic bathroom pumps, driven by rising living standards and a shift towards hygiene and health [3]. - Stainless steel pumps are widely used in various applications, including household pressurization, garden irrigation, automotive washing, and municipal engineering [3]. Group 3: Financial Performance and Projections - Approximately 40% of the company's total revenue comes from overseas sales [3]. - The company expects a revenue and net profit change of -20% to 10% for the year 2020, as per the financial budget report [3]. Group 4: Impact of External Factors - The second quarter of 2020 saw a significant impact from the overseas pandemic, leading to reduced orders due to the halt of downstream customers [3].