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Fushite (301446.SZ) plans to establish fully-owned subsidiary in Suriname with a capital of 1 million US dollars.
On August 16th, Grondlink announced that in response to the development needs of its overseas business, and to improve the overall operation and management efficiency and market competitiveness of the company, the company plans to invest 1 million US dollars from its own funds to establish a wholly-owned subsidiary in the Republic of Suriname (referred to as Suriname), and authorize the company's management to decide on the way and progress of fund investment, handling of overseas investment procedures, etc. according to the project situation within the approved amount by the board of directors.
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FushiTech (301446.SZ) has already developed the Suriname market, and overseas customers such as Mongolia and Serbia are also in development.
On July 12, Guo Lian Hui reported that on July 11, 2024, Futuris (301446.SZ) received targeted research regarding the company's overseas market progress. In response to the question of "how is the company's overseas market progressing?", the company replied that, on the front of overseas markets, it has opened up markets in Suriname and is developing overseas customers such as Outer Mongolia and Serbia. The company will increase the promotion of its overseas markets by adopting a "customer-oriented" service model.
Fushite (301446.SZ): The main products are steel pipe assemblies, hose assemblies, pipe joints, etc.
On July 12, Gelonhui reported that Futai Technology (301446.SZ) accepted a specific survey on July 11, 2024 with respect to the question of "changes in the company's product structure?". The company replied that its main products are steel pipe assemblies, hose assemblies, and pipe connectors. In recent years, leveraging the technical advantages of pipeline systems, the company has gradually extended to related products based on customer demand, and the sales of high-value products such as fuel tanks and fire suppression systems have gradually increased, with great market potential.
Future development space for domestic and foreign mining markets is still large, with a market share of about 4% in the post-mining market of Futscitech (301446.SZ).
On July 12, Gelunhui reported that Fushite (301446.SZ) accepted specific object investigation on July 11, 2024, regarding the market share of the company's various products. According to the relevant data in 2022, the company's market share of construction machinery is about 9%, and the company will continue to develop other high-quality customer resources in the industry while expanding other domestic markets. The market share of the mining after-market is about 4%, and there is still plenty of room for future development in the domestic and international mining markets.
Fushite (301446.SZ): In the long term, the company will use automobile piping systems as a breakthrough for future development.
On July 11, 2024, Futushi (301446.SZ) received a specific object survey regarding the company's future development plan. The company responded that it will mainly focus on three major markets in the future: supporting markets, mine post-markets, and mid- to long-term development markets. As for the supporting market, the company will continue to dig deeper into the engineering machinery and non-engineering machinery markets, such as agricultural machinery, metallurgical machinery, wind power, forklifts, and other fields; accelerate the development of markets in central, southern, eastern, and northern China, and establish new branches and supporting factories. In terms of the mine post-market, the successive exploitation of other large domestic mines has provided opportunities for the company.
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