APG(SZ:002284)2025-11-18 09:12Company Overview - The company maintains a high capacity utilization rate, with production levels dependent on vehicle sales. It plans to expand production lines based on market demand for specific projects [2]. - The company has technical reserves for its EMB products, which are not yet mass-produced. Market launch dates will depend on customer project schedules [2][3]. - The company has focused on corner module technology, integrating various systems to enhance vehicle functionality and support the development of intelligent driving [3]. Financial Performance - The company's gross profit margin has improved due to increased domestic vehicle sales and new international projects, alongside ongoing product structure optimization and cost reduction efforts [3]. - The company faces annual price reduction pressures from vehicle manufacturers but aims to optimize product structure and enhance internal management to address these challenges [4]. Competitive Position - As a leading domestic automotive brake system manufacturer, the company positions itself as a competitor to international brands, offering customized products with advantages in cost-effectiveness, service, and responsiveness [6]. - The company is actively pursuing opportunities as domestic automakers increase local supplier development and procurement [6]. Future Developments - Currently, the company does not have a robotics division but is researching components that may be used in robotic applications, such as ball screws and brushless motors [5].