QINCHUAN(SZ:000837)2022-12-07 08:28Group 1: Company Overview - Qin Chuan Machine Tool Group Co., Ltd. has undergone significant asset restructuring, enhancing its product range and competitiveness [1] - The company has separated its main business and component business into different divisions, establishing a second division focused on component production [1] Group 2: Production and Development - The company is advancing its transformation strategy, focusing on user demand and aiming for a one-third split in its business model: high-end component manufacturing, modern manufacturing services, and system integration [1] - The production of robotic joint reducers has faced delays due to underestimating challenges and equipment procurement issues, but small-batch production is now stabilizing [1] Group 3: Future Plans - The company plans to enhance its high-end component manufacturing and modern manufacturing services, transitioning from a machine manufacturer to a system integrator [1] - There are no current equity incentive mechanisms or employee stock ownership plans in place [1]