Core Viewpoint - The company is planning a private placement of up to 800 million yuan to strategically position itself in the robotics sector during a critical window of opportunity [1] Group 1: Company Strategy and Transformation - The company has transitioned from traditional manufacturing to high-end intelligent manufacturing over the past two decades, becoming a leader in the precision gear industry [1] - The strategic shift initiated in 2018 aimed to expand into new energy and robotics, driven by a need to upgrade traditional business to remain competitive [2] - The company emphasizes a clear transformation logic, focusing on technology synergy and customer relationships to enhance its market position [2][3] Group 2: Production and Technological Advancements - The company has invested in a new 25,000 square meter workshop equipped with advanced machinery to maintain its precision advantage [3] - In 2022, sales of new energy vehicle gearbox gears reached 150 million yuan, accounting for 20% of total sales, establishing a strong foundation for future capacity expansion [3] - By 2024, the company expects to produce 5.3974 million new energy vehicle gears with a utilization rate of 96.38%, with the new energy segment projected to contribute over 25% of revenue [3] Group 3: Robotics Sector Development - The company is set to achieve significant milestones in the robotics sector in 2024, with 72,000 industrial robot reducer projects reaching production capacity [4] - The company has successfully entered the supply chain of leading domestic and international robotics companies with its precision components [4] Group 4: International Expansion and Market Strategy - The establishment of a manufacturing base in Vietnam is a key step in the company's overseas strategy, aiming for 1 million precision transmission products annually [5][6] - The company’s international sales reached 102 million yuan in 2024, accounting for 15.36% of total revenue, with a gross margin of 33.28% for exports, significantly higher than domestic sales [6] - The company aims to increase overseas revenue to 20% in the next three years, establishing a global production and service network [7] Group 5: Future Growth and Funding - The company plans to raise up to 800 million yuan through a private placement to enhance production capacity and technological capabilities in the robotics sector [8][9] - The focus will be on expanding the production of precision gears and reducers while advancing the development of high-end screw products to fill domestic gaps [9]

Group 1 - The core viewpoint emphasizes that investment attraction is the "source of vitality" and a core engine for regional economic development, with the Zhejiang Tongxiang Economic Development Zone innovating a "dual-drive" investment model focusing on both external and internal investment [1] - In the first quarter of this year, the Tongxiang Economic Development Zone signed 14 new projects with a total investment of nearly 10 billion yuan, marking a significant year-on-year increase and laying a solid foundation for high-quality economic development throughout the year [1] - The commencement of the production base project by BIBOST Automotive Electronics Co., Ltd. in Tongxiang is a key achievement in the "big and strong" investment strategy, enhancing the local new energy vehicle industry chain and contributing to the creation of a competitive smart automotive parts industry cluster [1] Group 2 - Zhejiang Huanqu Technology Co., Ltd., located in the Tongxiang Economic Development Zone, has become a leader in the precision transmission field, with its products widely used in high-tech sectors such as smart office equipment, smart home systems, new energy vehicles, and high-end medical devices [2] - The company expects to achieve an output value of 1 billion yuan this year and is expanding its production capacity by acquiring 93 acres of industrial land for a new production base, which is set to significantly enhance its R&D and manufacturing capabilities [2] - The successful establishment and expansion of companies like BIBOST and Huanqu Technology in the Tongxiang Economic Development Zone not only represent a breakthrough in investment attraction but also signify a qualitative leap in industrial upgrading [2]