04. Enterprise development vision

 

Compared with foreign markets, the development of China's solid waste industry is more affected by policies. The hazardous waste treatment industry has developed rapidly in the past two years, which has also benefited from the strict implementation of national policies. Yuxi happened to have the right technical reserves at the right window of opportunity. In addition, we hired experienced German engineers and technicians with high salaries to come to China for on-site guidance. Only then did Yuxi produce products with excellent product quality, which soon became hazardous in China. The processing market gained a firm foothold and gained a large market share. At present, the suppliers of domestic hazardous waste crushing systems are mainly Stride and another foreign company. This is very similar to the situation where the boss and the second in many industries occupy most of the market share. The port container crane industry is simply vigorous. China Port Machinery is the only one. When an industry produces giants like the boss and the second child, the industry matures. When an industry matures, on the one hand, it is difficult for latecomers to make a big difference in the industry. On the other hand, it also means that the window of opportunity for the rapid development of the industry has begun to close. So Yu Xi also needs to start looking for the next outlet. For other companies in the industry, small companies will need to manufacture differentiated crushers for market segments in the future; large companies will need to expand their product lines and provide complex and large-scale complete system solutions.

As Yuxi's reputation in the industry continues to increase, there will definitely be large companies to discuss cooperation in the future development process. We are open to all kinds of upstream and downstream cooperation, horizontal cooperation, and in-depth capital cooperation. As for the IPO, it is a matter of course after the company reaches a certain scale. We don't think we need to deliberately pursue it. The important thing is to do a good job of the product first to satisfy customers. Compared with listing and capital operation, good products and good customer service are the fundamentals of business operations.