Baolong Automotive(SH:603197)2022-03-16 11:01Group 1: Company Overview and Recent Activities - Shanghai Baolong Automotive Technology Co., Ltd. conducted institutional research in early March 2022 through on-site receptions and conference calls [2] - The company received visits from various investment institutions, including Wind and Fund, Millennium Capital, and others [3][4] Group 2: Operational Status and Market Impact - The company reported stable production and sales despite the recent domestic COVID-19 outbreak, implementing effective prevention measures [5] - The impact of the Russia-Ukraine conflict on business remains minimal, with a diversified customer base in Europe [5] - Raw material and shipping cost increases are expected to have a diminishing effect on company performance due to established price adjustment clauses with major clients [5] Group 3: Product Development and Strategic Acquisitions - The company plans to ramp up production of passenger car air springs, with several thousand units expected in Q1 2022 [5] - The acquisition of Longgan Technology aims to enhance the company's sensor product portfolio and competitive edge in the automotive sensor market [6] - The company emphasizes that acquisitions are part of its growth strategy, focusing on enriching product offerings rather than merely increasing revenue [6] Group 4: Supply Chain and Chip Availability - Chip supply remains tight, but there has been some improvement compared to the previous year, with normal supply from vendors [7] - The company has proactively built a domestic supply chain for chips, which has led to new business opportunities despite industry-wide shortages [7]