FAWER(SZ:000030)2025-07-16 09:06Group 1: International Market Expansion - Fawer Automotive Parts Co., Ltd. is advancing its international development through multi-dimensional strategies, including establishing offices in Europe and acquiring a German fastener company to integrate into the local automotive supply chain [2][3] - In the U.S., the company has formed a local entity to enhance customer response efficiency and solidify its market share, while a factory in Mexico aims to reduce production costs and improve product competitiveness in North and Latin America [2][3] - The resource sharing, technical collaboration, and market synergy among overseas business units are gradually becoming evident, with plans to optimize operations and explore emerging market opportunities [3] Group 2: Subsidiary and R&D Focus - Fawer’s subsidiary, Fusay, is a core strategic resource in intelligent cockpits, autonomous driving, and connected technologies, focusing on R&D capability and market order expansion [3] - The company has established R&D teams in Changchun and Dalian, achieving stable R&D output and penetrating mainstream automotive supply chains with products like screens, instruments, and radar [3] Group 3: External Market Development - Since the beginning of the 14th Five-Year Plan, the company has significantly improved its external market revenue, with the external market revenue share increasing from 14% at the start of the 13th Five-Year Plan to 30% [3] - In 2024, the company secured 307 new orders, with 142 from external markets, leading to an external order revenue share of 48%, and over 80% of new energy orders covering various product series [3]