Streamax(SZ:002970)2024-09-26 00:08Group 1: Regulatory Impact and Business Strategy - The proposed regulations are expected to impact certain products after 2029, with no immediate effect on overseas business before that date. The company is actively monitoring the situation and developing preliminary technical solutions to address potential regulatory changes [1][2]. - In the first half of the year, revenue from North American products accounted for less than 20% of the company's total, indicating that the affected products have a minor revenue contribution and will not significantly impact overall overseas business [2]. Group 2: European Standards (EU Standards) Business Development - The company has been proactive in product development to comply with EU standards introduced in July 2022, with the first product passing certification by Q3 2023. Several products have been certified based on EU requirements [2]. - The company has established partnerships with domestic and European vehicle manufacturers to facilitate sales of EU-compliant products, generating initial revenue from both domestic and overseas markets [2]. Group 3: Domestic and Overseas Business Strategy - The company has shifted its domestic strategy towards a value market since Q4 of last year, focusing on high-value services in public transport and innovative sectors like mining and forklifts, resulting in slight revenue growth in the first half of the year [3]. - The overseas market is highly competitive, with the company emphasizing product superiority and advanced technology. The global strategy has helped restore rapid growth in overseas business [3]. Group 4: Manufacturing and Cost Structure - The Vietnam factory, operational since May 2023, is equipped for high automation and aims to meet all overseas customer needs. The company plans to invest further in overseas manufacturing based on business growth [3]. - Currently, production costs in Vietnam are comparable to domestic costs due to incomplete local supply chains and high initial setup costs. Future improvements in local supply chains are expected to reduce costs [3].