TC(603085) 证券时报网·2024-11-18 17:27Group 1 - The company Tiancheng Automation plans to establish a production base in Thailand to enhance local production and increase market share, with an investment of up to 400 million RMB (approximately 56 million USD) [1] - This investment aligns with the company's long-term strategic planning, aiming to accelerate the establishment of overseas production bases and improve production efficiency and order fulfillment capabilities [1] - Two months prior, the company announced plans to set up wholly-owned subsidiaries in Thailand, Malaysia, and the United States, with an initial investment of no more than 50 million RMB (approximately 7 million USD) [1] Group 2 - Tiancheng Automation holds a significant market share in the engineering machinery and commercial vehicle seat industry, supplying major clients such as SANY, XCMG, and Dongfeng [2] - In the passenger vehicle seat sector, the company collaborates with several manufacturers, including SAIC and BYD, providing seat assemblies and components [2] - The company has established production bases in various locations, including Zhengzhou and Nanjing, to meet increasing customer demands, with plans for additional bases in Hefei and Jinan [2] Group 3 - The growth in the passenger vehicle seat business during the first half of the year was primarily driven by the Zhengzhou and Wuhan factories, with significant revenue increases expected from upcoming projects [3] - The Zhengzhou factory's revenue surged due to the mass production of specific projects, while the Wuhan factory's growth was supported by projects from BAIC and Dongfeng [3] - Continued growth is anticipated in the second half of the year with the launch of new projects from major clients [3]