JINGU(SZ:002488)2025-10-21 11:12Group 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 [2]. Group 2: Product Innovations - The company has developed a revolutionary new material, Avatar niobium micro-alloy, which offers high strength, good toughness, low cost, and reduced carbon emissions. Its strength is approximately 1.5 times that of ordinary steel and lower than titanium alloys, making it easy to process [2][3]. - The Avatar low-carbon wheel is a lightweight product with innovative design, high precision, and strength, currently being mass-produced in the wheel industry [3]. Group 3: Market Expansion - The Avatar low-carbon wheel has entered both passenger and commercial vehicle markets, securing contracts with several new energy vehicle manufacturers, thus tapping into the new energy vehicle market [3]. - The company is accelerating capacity construction to meet the growing customer demand, leveraging its first-mover and scale advantages [3]. Group 4: Strategic Development - The company is focusing on emerging industries' needs for lightweight, high-performance, and low-cost materials, actively exploring market potential [3]. - A new subsidiary, Hangzhou Jingu Embodied Intelligent Technology Co., Ltd., has been established to advance applications of Avatar niobium micro-alloy in emerging fields like embodied intelligent robotics [3][4]. Group 5: International Business - The company has secured multiple overseas client projects, with sales expected to reach hundreds of millions of dollars over the project lifecycle. A notable project with a global leading automotive company in the U.S. is projected to generate approximately $158 million in sales over the first five years [4]. - A new production line for Avatar low-carbon wheels in Thailand is set to commence by the end of 2025, which will enhance the company's international business growth [4].