BOSUN(SZ:002282)2024-05-11 08:34Group 1: Company Overview and Financial Performance - The company aims to achieve no losses in the brake pad project in 2024, building on a reduction of nearly 10 million yuan in losses from the previous year [3] - The company has secured orders for 102,000 brake pads in the last quarter of the previous year, which are currently being delivered [3] - The revenue and profit targets for the subsidiary, Shanghai Wei, are set to be no less than the previous year's figures, with current orders showing better year-on-year performance [3] Group 2: Product and Market Insights - The brake disc and pad usage in the CR400 high-speed train model includes 64 wheel-mounted brake discs, 48 axle-mounted brake discs, and 160 brake pads [1] - The brake system of high-speed trains combines electric and air braking methods for safety, with air brakes being crucial in emergencies [2] - The company’s diamond tool business generates over 60% of its revenue from overseas markets, with the U.S. being the primary market [3] Group 3: Sales and Production Dynamics - Brake discs are manufactured by a subsidiary and sold to system integrators for new train manufacturing and maintenance [2] - The company has observed a year-on-year increase in orders for brake discs used in maintenance and replacement, aligning with the operational timeline of the CR400 trains [2] - The average delivery cycle for brake discs is controlled within one month, with smooth payment collection according to contract terms [2]