Allied Machinery(605060)2024-05-20 09:54Group 1: Company Overview - The company is Hangzhou Lande Precision Machinery Co., Ltd., with stock code 605060 and abbreviation Lande Co. [1] - The investor relations activities were conducted online on May 15 and May 17, 2023 [1]. Group 2: Impact of Tariffs - The recent tariffs imposed by Mexico do not currently affect the company's products, as they are not listed in the tax schedule [2]. - Future plans include establishing a factory in Mexico to benefit from the IMMEX program, which offers tariff exemptions [2]. Group 3: Export Business Performance - The recovery in overseas demand is attributed to developed countries gradually exiting labor-intensive industries, leading to a mismatch in supply and demand for casting capacity [2]. - The company is shifting its supply chain to developing countries with abundant labor resources [2]. Group 4: Technology and R&D Capabilities - The company provides customized services for various industries, maintaining a leading position in technology and product development [3]. - It collaborates with top global clients in product design and development [3]. Group 5: Market Share in Components - The company holds a significant share in the customized non-standard parts market, participating in the development of new products for downstream manufacturers [3]. Group 6: Future Plans in Energy Sector - The company aims to expand its presence in the energy equipment manufacturing sector, focusing on wind energy, shale oil extraction, and oil and gas collection equipment [4]. - Plans include continuous efforts to develop high-quality domestic and international customers in the energy sector [4]. Group 7: Performance of Liyuan Jinhai - The technical transformation project at Liyuan Jinhai has successfully reached a stable production state, enhancing resource allocation and efficiency [4]. - The company expects Liyuan Jinhai's performance to surpass that of 2023 due to new customer development and cost control measures [4].