PPF(SZ:300258)2025-09-08 09:24Group 1: Export Business and Taxation - The impact of US-China tax rates on export business is primarily borne by customers, with the company shifting production of long-life products to its Thailand factory to mitigate tariff effects [2] - New business developments are also being arranged in the Thailand factory [2] Group 2: Robotics and Product Development - The company aims to establish independent R&D, design, manufacturing, and testing capabilities for robotic joint modules, with current progress on track [2] - Collaboration with Glarner on module development is proceeding as planned, with relevant samples already delivered and new projects in development [2] Group 3: Stock Buyback and Financial Performance - As of now, the company has repurchased 100 million yuan of stock, with a total buyback plan of 100-200 million yuan, set to continue until November 22, 2025 [2] - Despite revenue impacts in Q2, the company has seen an increase in gross margin, indicating stable production, with expectations for better performance in H2 compared to the previous year [3] Group 4: Automotive Business Strategy - The company plans to diversify its product offerings in the domestic market while focusing on new energy axle gear and lightweight businesses to maintain stable growth [3] - The overseas market will be a key focus for expansion, with the Thailand factory servicing North America and Southeast Asia [3] - Production costs will be calculated locally, with pricing adjusted accordingly rather than using a global pricing strategy [3]