JEMC(SZ:000922)2022-12-06 05:18Group 1: Company Overview - The company primarily engages in the research, production, and sales of electric motors, including explosion-proof motors, lifting metallurgy motors, shielded motors, and wind turbines [3] - The company reported a loss of approximately 200 million yuan in the first three quarters of 2016, with the potential for continued losses throughout the year due to market conditions, rising raw material costs, and significant investments in R&D and asset impairment [3] Group 2: Product Development and R&D - The company has a dedicated R&D department that submits annual new product development plans and collaborates with research institutions [4] - The main helium fan project is being actively assembled, with future deliveries planned for the Shandong Shidaowan Nuclear Power Station [4] - The company is developing automotive electric motors, which have stable demand but low added value, and has already begun small-scale production [5] Group 3: Market and Competition - The company faces intense competition between state-owned and private enterprises, with state-owned enterprises generally being less agile in terms of operational flexibility [3] - The contract signing cycle for nuclear power projects is lengthy, typically ranging from 2 to 3 years from bidding to delivery [4] Group 4: Product Layout - Subsidiaries include Jiamusi Electric Motor Co., Ltd., which primarily produces large explosion-proof motors, and Suzhou Jiadian Feiqiu Electric Motor Co., Ltd., which focuses on small and medium-sized motors [5] - The company is also involved in the development of low-temperature liquid electric motors in collaboration with Dalian Deep Blue, targeting extreme environments [5]