Group 1: Company Development Plans - The company focuses on its core business and aims to complete the first phase of the Anhui factory by 2027, achieving full production capacity by that year [4] - By 2028-2029, the company plans to gradually increase the production of high-value-added products and optimize its product structure [4] Group 2: Bearing Product Insights - The bearing business is currently in the cultivation stage, with low production levels; however, it is expected to contribute significantly to profits as production scales up [4] - The company aims for a balanced product structure by 2027, with automotive and bearing products each accounting for 50% of total output [4] - Bearing products are priced higher than automotive materials due to higher raw material costs and more complex manufacturing processes [4] Group 3: Market and Financial Considerations - The chairman's participation in the non-public stock issuance is driven by the need for funding for the Anhui factory and future planning [4] - The impact of U.S. tariffs on the company is limited, as export sales are low and new business development is primarily domestic [4] - The company's automotive business has maintained stable profit margins over the past two years, unaffected by downstream price pressures [4] Group 4: Pricing Mechanisms - The company employs a pricing mechanism based on "framework agreements + orders," with some clients using a "monthly adjustment" model and others locking prices for three to six months [4]