FORE(SZ:301368) Zheng Quan Zhi Xing·2025-08-04 16:47Group 1 - The company, Zhejiang Fengli Intelligent Technology Co., Ltd., is planning to issue A-shares to specific investors to enhance its capital strength and competitiveness in the high-end equipment manufacturing sector, particularly in the precision reducer market [1][10][11] - The issuance is aligned with national policies promoting the development of the new energy vehicle and high-end equipment manufacturing industries, which are expected to reach international advanced levels by 2025 [3][4][6] - The automotive industry in China has seen significant growth, with vehicle sales increasing by 12% in 2023, reaching 30.094 million units, and projected to rise to 31.436 million units in 2024, indicating a robust market for the company's products [3][4] Group 2 - The company aims to transition from traditional small modulus gears to precision reducers, which have higher technical barriers and added value, thus enhancing its technological strength and profitability [7][9] - The precision reducer is a core component in the rapidly growing robotics industry, and the company plans to establish a research and development center to focus on key technologies in mechatronics and modularization [8][9] - The company has accumulated significant technical expertise and has passed systematic testing from major manufacturers, which lowers the entry barriers into the new energy vehicle gear market [7][25] Group 3 - The company is positioned to benefit from the increasing demand for precision reducers in various high-end manufacturing sectors, including CNC machine tools, industrial robots, and medical devices, as automation continues to expand [5][6][24] - The domestic market for high-end precision reducers is still largely dominated by international giants, presenting substantial opportunities for domestic companies to capture market share through localization [6][26] - The company has established partnerships with well-known automotive manufacturers, including BYD, and is actively expanding its presence in the automotive supply chain [26]