Core Insights - The company conducted a targeted research activity with nine institutions, discussing business development and strategies [1] - The company attributes its strong gross profit margin to independent material research and development, enhancing material performance for automotive springs [1][2] - Future strategies include focusing on core business, upgrading existing products, and expanding into overseas markets and specialized spring products [1][2] Group 1: Business Development - The company is enhancing its material production capacity in Nanjing to optimize manufacturing costs [2] - There is a focus on lightweight and intelligent product upgrades to meet customer demands [1][2] - The company is currently receiving small batch orders in the humanoid robot business, led by the sales director [2] Group 2: Market and Performance - The company has experienced high growth due to the rapid rise of self-branded vehicles, but anticipates a slowdown in growth rates in the coming years [2] - The growth slowdown is attributed to the release of production capacity and changes in the end market conditions [2] - The automotive parts industry is facing cost pressures, prompting the company to control costs more effectively [2]

Group 1: Company Performance and Strategy - The company's core technology is self-developed materials, enhancing the performance of automotive springs through years of technical accumulation and heat treatment processes, resulting in a unique competitive advantage [2] - The company will continue to focus on its main business, upgrading existing products in terms of materials, technology, and processes to achieve further lightweighting and intelligence [2] - The company plans to expand into overseas markets and optimize product structure, particularly in valve and special-shaped spring businesses [2] Group 2: Robotics Business Development - The humanoid robot business is currently led by the sales director, with no plans to establish a dedicated team at this time; however, future integration of valve and special-shaped spring products into a separate division is being considered [3] - The company is continuously sending samples and has received small batch orders in the humanoid robot sector, but the current volume does not significantly impact overall performance [2] Group 3: Growth Projections and Market Conditions - The company has maintained a high growth rate due to the rapid rise of self-branded vehicles, but growth is expected to slow down in the coming years, influenced by production capacity release and market conditions [3] - The company anticipates a slowdown in growth rates due to a higher performance base in 2024 and significant capacity release in the latter half of 2024 [3] - The automotive parts industry faces annual downward pressure, which is a common market behavior; the company aims to control costs and expand material production capacity to optimize manufacturing costs [3]