Yongmaotai(SH:605208) Mei Ri Jing Ji Xin Wen·2025-07-01 13:27Core Viewpoint - Yongmaotai plans to invest approximately 450 million yuan to establish an automotive parts smart manufacturing base in Mexico to enhance its international market presence and brand recognition [1][3][6] Group 1: Investment Details - The investment will be made through Yongmaotai's wholly-owned subsidiaries in Singapore, with the project name tentatively set as Yongmaotai Automotive Components Mexico, S. de R.L. de C.V. [3] - The registered capital for the new entity will be 1 million USD, focusing on manufacturing, developing, and selling automotive parts, as well as mold manufacturing and import-export activities [3][6] - The ownership structure will see Yongmaotai (Singapore) Ltd. holding 60% and Yongmaotai (Singapore) Automotive Technology Ltd. holding 40% [3] Group 2: Strategic Rationale - The investment is driven by tariff considerations, as Mexico has trade agreements with the U.S. and Canada, which is beneficial for serving U.S. clients [6] - Establishing a foreign entity is expected to stabilize the supply chain for overseas customers and facilitate market expansion [6] Group 3: Financial Performance - Yongmaotai's automotive parts business is projected to experience a historical low gross margin of 6% in 2024, attributed to intensified competition, rising overseas transportation costs, and increasing raw material prices [5][6]