On May 16, the 2023 online performance briefing of Toris Energy Equipment Co., Ltd., a company listed on the Beijing Stock Exchange, was held in China Securities Journal and China Securities Network.
In 2023, Terex will achieve operating income of 670 million yuan, a year-on-year increase of 2.01%; The net profit attributable to the parent company was 59.7945 million yuan. In the first quarter of this year, the company achieved operating income of 101 million yuan, a year-on-year increase of 5.8%; The net profit attributable to the parent company was 6.8837 million yuan, a year-on-year increase of 19.43%.
Terese plant Source: Courtesy of the company
According to public information, Torex is mainly engaged in R&D, production and sales of standard gas pressure regulation integration equipment, non-standard skid-mounted gas integration system, gas pressure regulation core components and related supporting products. At present, the company's sales network covers the whole country, with a total of more than 2,000 customers, most of which are natural gas, liquefied natural gas, power and other energy operating companies.
Based on the advantages of production and operation, Terex has also actively laid out the hydrogen energy industry, established a hydrogen energy business team, and accelerated the creation of a second growth business.
Guest of honor at the performance briefing
Xu Jie, chairman and general manager of Teresi
Wang Fanping, Director, Deputy General Manager, Secretary of the Board of Directors and Chief Financial Officer of Teresi
Yuan Haoran, the sponsor representative of China Securities Construction Investment
Yao Shuai, sponsor representative of China Securities Securities
frequently asked questions
Q: What is the company's main business and application field?
Answer: The company is mainly engaged in R&D, production and sales of standard gas pressure regulation integrated equipment, non-standard skid-mounted gas integrated system, gas pressure regulation core components and related supporting products. The main products include: long-distance pipeline gas station pressure regulation and metering equipment, city gate station, regional pressure regulation station pressure regulation and metering equipment, large-scale industrial pressure regulation and metering system, box-type pressure regulating metering station, building pressure regulating box, valve products, etc., occupying an important market share, is a leading enterprise in the industry.
Teresi valve production line Source: courtesy of the company
Q: Has the company fulfilled orders for the hydrogen energy business? What are the growth prospects for this part of the business?
A: At present, the company has realized orders in the hydrogen energy business. The company has made arrangements in hydrogen transportation, hydrogen blending, and hydrogen production in the long-distance pipeline of hydrogen energy business, including actively participating in the formulation of hydrogen-related standards. With the promotion of the national "dual carbon" strategy, hydrogen energy, as a clean and renewable new energy, has entered the fast lane. When the policy pilot is further liberalized and the carbon reduction targets are clear, the market will continue to grow.
Q: Has the company's business model changed during the reporting period?
A: At present, the company's sales network covers the whole country, with a total of more than 2,000 customers, most of which are natural gas, liquefied natural gas, electricity and other energy operating companies, undertaking the responsibility of providing a stable and safe supply of energy for hundreds of millions of users. The company mainly focuses on direct sales, supplemented by distribution and cooperative development, and serves natural gas, LNG, power and other energy operating companies to obtain revenue, profit and cash flow.
Terese assembly line Source: Courtesy of the company
As a clean and renewable new energy, the company has actively laid out the hydrogen energy industry, established a hydrogen energy business team, and accelerated the promotion of the second growth business. Since the company was listed on the Beijing Stock Exchange in 2022, the company has given full play to the role of the capital market, actively improved the efficiency of capital allocation, explored in practice, and initially built a market value management system in line with the characteristics of Terex, and continuously released the overall value.
Q: What is the company's future business plan or goal?
A: In 2024, the company will continue to promote digital transformation, firmly implement the dual main business strategy of "traditional gas transmission and distribution industry" and "new energy industry", based on the field of high-end equipment manufacturing, strengthen R&D and innovation, and strengthen market layout. Specific measures include: strengthening production management, accelerating quality and efficiency improvement, and implementing lean management; Optimize human resources and strengthen the construction of corporate culture; accelerate R&D transformation and accelerate industry-university-research cooperation; Strengthen the sense of development and enhance market competitiveness; Promote the construction of informatization and accelerate the process of intelligent transformation and digital transformation of the company; seize the opportunity of domestic natural gas development and vigorously promote maintenance services; Actively explore new business models; Improve the standard operation level of enterprises, do a good job in information disclosure, and strengthen investor relations management.
Reviewer: Xiong Yonghong Editor: Yu Hongbo Proofreader: Zhang Jing Producer: Li Ruoyu
Issued by: Peng Yong