MAE(SZ:002009)2022-12-06 05:28Group 1: Company Investigation and Business Strategy - The company was investigated due to incomplete information disclosure during a private placement in 2013, with a progress announcement made on May 27, 2017, as a regulatory requirement before the investigation results are released [2][3]. - The company's strategy for the used car recycling and dismantling business is focused on the Ningbo area, with a significant increase in recycling volume following the introduction of the yellow label car policy in 2013 [2][3]. - The domestic natural scrapping peak for automobiles is expected between 2019 and 2023, with over 80 million new registered vehicles from 2009 to 2013, indicating a potential surge in recycling demand [2][3]. Group 2: Financial Performance and Market Conditions - The gross margin for the recycling business in Ningbo was reported at 36.28% last year, primarily driven by the dismantling equipment business of Lidi Group [3][4]. - The company is adapting to the slowdown in the automotive industry by expanding value-added services and exploring overseas markets, particularly in Europe, where there has been limited investment in automotive production lines over the past decade [3][4]. Group 3: Future Business Development - The company plans to establish a second-hand parts trading platform and dismantling bases to prepare for market changes [3][4]. - The EPC (Engineering, Procurement, and Construction) model is being developed to enhance profitability by providing comprehensive project management services, with potential future expansion beyond the automotive sector [4].