Core Viewpoint - The company, Fengmao Co., Ltd., is committed to focusing on the upgrade of precision rubber components, emphasizing material modification, structural innovation, and intelligent adaptation technology to meet the increasing demands for core components in the automotive industry driven by the trend of automation [1] Group 1 - The company announced on November 7 that it will continue to concentrate on the upgrade of precision rubber components [1] - The company aims to enhance its research and development efforts in response to the automotive industry's higher requirements for core components [1] - The focus areas for the company's R&D include material modification, structural innovation, and intelligent adaptation technology [1]

Group 1: Sales Growth and Strategy - The rapid sales growth of Michelin products is attributed to quality assurance, continuous product innovation, stable strategic partnerships, and effective market expansion [2] - Future growth will be driven by increased investment in R&D, optimization of product formulas and processes, deepening collaboration with Michelin, and strengthening production capacity [2] Group 2: Technology Development - The company will focus on upgrading precision rubber components, material modification, structural innovation, and smart adaptation technologies to meet the automotive industry's increasing demands for core components [3] Group 3: Geopolitical Risk Management - The company emphasizes the importance of addressing geopolitical risks and has implemented measures to ensure stable overseas operations and competitiveness [3] - Localized production in Thailand is part of the strategy to increase overseas capacity and mitigate potential impacts from international trade changes [3] - The company has diversified its market strategy to reduce reliance on any single region, with a focus on Europe and Southeast Asia [3] - Continuous communication with clients and monitoring of global political and economic trends are essential for proactive decision-making [3]