凯众股份总经理侯振坤：海内外市场协同发力 以创新筑牢增长根基

Core Insights - The automotive industry is rapidly transitioning towards electrification and intelligence, presenting both opportunities and challenges for component manufacturers [2] Group 1: Company Strategy - The company has adopted a "domestic optimization + overseas expansion" dual-drive strategy to enhance market collaboration and overall capabilities [3] - A 308 million yuan convertible bond is being invested in the Nantong base expansion project, which will add an annual production capacity of 27 million polyurethane damping components and 3.5 million lightweight pedal assemblies [3] - The company is implementing a "main production base + satellite factory" model, with plans to establish 2 to 3 additional factories based on business expansion [3] Group 2: International Expansion - The company's factory in Mexico is set to begin mass production in 2024, directly serving major international clients, including well-known new energy vehicle manufacturers and core customers like General Motors and Ford [3] - A factory in Morocco is scheduled to begin construction in Q1 2024, with production expected to start by the end of 2026, leveraging its geographical advantage to serve the European market [3] Group 3: Growth and Innovation - The company is pursuing the acquisition of a 60% stake in Anhui Tuosheng Automotive Parts Co., which specializes in rubber-based damping and sealing components, aligning closely with the company's core business [4] - The acquisition is expected to create synergies, enhance profitability, and broaden market and technology boundaries [5] - The company plans to launch its EMB (electromechanical brake) business by 2026, which is anticipated to become a new growth driver [5] Group 4: Technological Advancements - The company focuses on product improvement and new material applications, significantly enhancing the load capacity of damping components from 10-20 kN to 100 kN [5] - AI technology is being integrated into core processes, improving R&D efficiency and cost control [5] - The implementation of MES and WMS systems has effectively addressed inventory turnover issues, further reducing operational costs [5] Group 5: Long-term Vision - The company emphasizes a long-term approach to market management and profitability, aiming for steady growth and consistent dividends for investors [6] - The company believes there is significant room for improvement in the safety, comfort, energy efficiency, and environmental aspects of new energy vehicles [6] - The focus remains on technological fundamentals while gradually expanding into new application scenarios [6]