Group 1: Company Overview - The company primarily engages in the development, production, and sales of automotive motor technology and fluid technology products, aiming to become a global leader in automotive motor technology solutions [2][3] - The main production base is located in Ningbo, with additional production facilities in locations such as Qingyuan, Shenyang, Wuhan, the USA, and Thailand to serve clients more effectively [3] - In 2024, the company's main business revenue reached 950.51 million CNY, with cleaning business revenue accounting for 46.3%, motor business revenue for 45.6%, and other business revenue for 8.1% [3] Group 2: Harmonic Field Motor Technology - The company has developed harmonic field motor technology, which reduces motor size while maintaining the same output power, leading to significant material cost savings [4][6] - Multiple invention patent applications have been submitted for this technology, establishing a technological moat and competitive advantage [4] - The technology has potential applications in both micro-special motors and large motors across industrial and automotive sectors [4] Group 3: Market Application and Cost Advantages - In the automotive sector, the adoption of new motor technologies is increasing, particularly in high-torque applications, although large-scale production is still limited [5] - The cost advantages of harmonic field motors include reduced size and material costs, but initial production batches may incur higher shared costs, which could affect overall cost structure [6] - As production scales up, economies of scale are expected to improve cost efficiency, supported by the company's capability to manufacture magnetic materials [7] Group 4: Competitive Strategy and Challenges - The company emphasizes innovation-driven development to enhance competitiveness and adapt to market changes [7] - In the robotics sector, the company faces challenges in motor development, including balancing performance, efficiency, reliability, stability, compatibility, and cost control [7] - Despite these challenges, there are significant market opportunities in the robotics field, which the company aims to leverage by addressing its technical shortcomings [7]
恒帅股份(300969) - 投资者关系活动记录表20250718