Group 1: Company Overview - The company primarily engages in the research, 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 business is structured into four main units: motor technology (motor and electric module) and fluid technology (driving vision cleaning systems and thermal management systems) [3] Group 2: Cost Advantages - The core cost advantage stems from vertical integration in the supply chain, enhancing the overall competitive edge [4] - Standardized and platform-based product strategies improve quality and reduce costs through modular production and high component interchangeability [4] - High self-manufacturing rates of core components allow better cost and quality control, enhancing product competitiveness and gross margins [4] Group 3: Technology and Innovation - The company has developed harmonic magnetic field motor technology, which offers higher power density and material cost savings compared to traditional motors [5][6] - Multiple invention patent applications have been submitted, establishing a technological moat and competitive advantage in the harmonic motor field [5] Group 4: Market Trends and Opportunities - The ADAS (Advanced Driver Assistance Systems) market is expected to grow, driving demand for the company's ADAS active perception cleaning systems [6] - The company has established a strong position in the cleaning business, benefiting from early market entry and technological similarities [7] Group 5: Client and Market Expansion - The rapid development of the electric vehicle industry has opened new competitive fields, with the company actively expanding its client base in this sector [8] - The company has a significant number of quality clients in the new energy vehicle sector and is focused on deepening existing relationships while pursuing new orders [8] Group 6: Global Expansion - Since 2022, the company has accelerated its global production base layout, establishing facilities in the U.S. and Thailand [9][10] - The U.S. facility, with an investment of no more than $1.5 million, focuses on cleaning system products and related new product development [10] - The Thailand facility, with an investment of no more than 200 million RMB (or equivalent in USD), will expand its product offerings as client orders increase [10]
恒帅股份(300969) - 投资者关系活动记录表20251113