Group 1: Company Overview - The company operates in the molding equipment industry, focusing on high molecular materials and metal forming, with main products including injection molding machines, die-casting machines, and rubber machines [2] - The company has a strong emphasis on innovation and R&D, with a stable and capable team driving growth in the injection molding machine sector since 2010 [7] Group 2: Market Performance - In 2020 and 2021, the injection molding machine market experienced high demand, but by the second half of 2021, demand stabilized [2] - The injection molding machine industry saw a decline in 2022 but rebounded in 2023, with expectations for steady growth in 2024 [2] - The company anticipates a significant increase in sales revenue for injection molding machines, outpacing the overall industry growth [2] Group 3: Production Capacity - The company has multiple production facilities in China, including a headquarters in Guangdong Shunde with a total area of 80,000 square meters, and additional factories dedicated to various types of molding machines [3] - A new production base in Zhejiang Nanxun, covering approximately 110,000 square meters, is planned to enhance service to the surrounding industrial cluster [3] Group 4: Supply Chain Management - The company has established a dedicated supply chain management center to address the growing procurement scale and ensure production needs are met [3] Group 5: Industry Trends - The automotive industry is the largest downstream sector for the company, driven by the growth of new energy vehicles and lightweight trends [4] - The 3C industry is expected to maintain steady growth in 2025, supported by global economic recovery and consumer demand for smart devices [4] Group 6: Automation and Smart Manufacturing - The company is investing heavily in automation and smart manufacturing, integrating technologies such as IoT, big data, and cloud computing to enhance production efficiency and reduce costs [5] - The company has successfully implemented smart manufacturing solutions in its third factory, which is operating at an advanced level within the industry [5] Group 7: International Expansion - The company has over 40 overseas distributors, covering more than 90 countries, and is focused on expanding its market share in strategic regions like North America and Europe [6] - The company has established manufacturing facilities in India and a research center in Germany to enhance its international competitiveness [6] Group 8: Product Development - The company is committed to the development of all-electric injection molding machines, with a continuous growth trend expected in 2024 [8] - The LEAP series of die-casting machines has achieved significant market success due to its advanced technology and high-quality output [9]