Qijing Machinery(SH:603677)2024-11-25 07:35Business Development and Expansion - The company's existing business is nearing market saturation, with industry growth stabilizing. Future growth will rely on market updates and consumption upgrades [2] - In the home appliance parts sector, domestic demand for washing machines is high, limiting new demand. The company is actively expanding into emerging markets like India, Egypt, and Mexico, which could drive new growth [2] - The automotive parts business focuses on fuel and hybrid vehicles, while also expanding into new energy vehicle components [2] - The power tool parts business is deepening cooperation with existing clients and developing new clients and products [2] - The company is leveraging its precision machining capabilities to expand into new products and industries, such as industrial robot parts. Two new samples are currently under customer testing [2] - The company is exploring new industrial investment directions with its controlling shareholder to create a second growth curve, though no significant progress has been made yet [3] Personnel and Technical Staff - As of September 2024, the company has approximately 2,700 employees [3] - The number of technical staff has remained around 300 in recent years [3] Investor Relations Activities - The investor relations event took place on November 21, 2024, at the company's office in Ningbo, Zhejiang Province [2] - The event included a tour of the company's exhibition hall and a Q&A session in the conference room [2] - Participants included individual investor Cheng Shi'an, and the company was represented by the Board Secretary Tian Lin and Securities Affairs Representative Hu Hangbo [2]