SUZHOU BEARING FACTORY CO.(430418)2023-12-07 11:38Investor Relations Activity - The company participated in the 2024 Investment Strategy Conference hosted by CITIC Securities on December 5, 2023, engaging in offline communication with investors [1] - Key participants included CITIC Securities, China Merchants Fund Management, and other major investment firms [1][2] - The company's representatives included Director, Board Secretary, and CFO Shen Ying [2] Product and Market Overview - Main products in the automotive active safety sector include eccentric bearings, stamped outer ring needle bearings, and thrust needle bearings [3] - The company's products are applied in various automotive systems including steering, braking, torque management, active safety, and intelligent seating systems [7] - Key clients in the automotive steering system sector include Bosch, ZF, and Thyssenkrupp [5] Market Performance and Growth - Domestic automotive supporting market performance improved in 2023, with growth in the new energy vehicle sector [3] - New energy vehicle growth areas include electric drive systems, steering systems, active safety systems, and intelligent seating systems [3] - Future growth areas include automotive, aerospace, defense, high-end equipment, industrial automation, and robotics [8] Competitive Landscape - Main competitors include Schaeffler Group, Jiangsu South Precision Co Ltd, and Changzhou Guangyang Bearing Co Ltd [4] Strategic Development - The company has increased R&D and market expansion efforts in the robot reducer sector [6]