JINGU(SZ:002488)2025-05-23 08:20Group 1: Company Overview - Zhejiang Jingu Co., Ltd. is a high-tech enterprise focused on the research, production, and sales of automotive wheels, recognized as a "specialized, refined, distinctive, and innovative" enterprise in Zhejiang Province [2] - The company emphasizes technological innovation and product development, with a comprehensive research and development system in place [2] - The revolutionary new material, Avatar niobium micro-alloy, offers high strength, good toughness, low cost, and low carbon emissions, achieving a strength of up to 2000 MPa after processing, which is about twice that of titanium alloys and five times that of aluminum alloys [3] Group 2: Product Innovations - The Avatar low-carbon wheel is a lightweight product characterized by a novel appearance, high precision, strength, better balance, and durability, meeting customer demands in both passenger and commercial vehicle sectors [3] - The company is accelerating capacity construction to meet the growing customer demand, leveraging its first-mover and scale advantages in the new energy vehicle market [3] - A horizontal application division has been established to explore new product development and application scenarios, focusing on industries with significant market potential such as robotics and low-altitude aircraft [3][4] Group 3: Talent Management and Incentives - The company employs stock incentives as a long-term strategy to stabilize core talent, having implemented restricted stock and stock option incentives since 2017, and an employee stock ownership plan in 2022 [4] - Two share buybacks were conducted in 2024, with shares intended for stock incentive plans or employee ownership plans, to enhance employee motivation and stability [4] Group 4: Q&A Highlights - The unique Avatar niobium micro-alloy material has broad application potential in industries requiring lightweight and cost-effective solutions, particularly in robotics and low-altitude aircraft [4] - The company plans to continue investing resources to deepen the application of new materials across various fields, driven by technological innovation for long-term value growth [4]