MAE(SZ:002009)2022-12-06 11:18Group 1: Company Overview - Tianqi Automation Co., Ltd. was established in 1984 and entered the automotive automation equipment sector in 1994, becoming a leading enterprise in the field [2] - The company went public on the Shenzhen Stock Exchange in 2004 and has experienced rapid growth over the past decade [2] - Since 2010, the company has focused on the circular economy and is transitioning from a single investment-driven model to a dual model driven by both consumption and investment [2] Group 2: Business Segments - The automation equipment business includes automotive automation equipment and automated warehousing [2] - The company plans to increase technological investment in automotive automation, applying "Industry 4.0" technologies to automotive production lines [2] - The focus for automated warehousing is on e-commerce automation and cold chain logistics [2] Group 3: Market Performance - In 2015, the automation equipment business saw over 60% growth compared to the previous year [3] - The warehousing business had a strong start in the second half of 2015, with nearly 100 million in orders in the implementation phase [3] Group 4: Competitive Advantages - The company has a long-standing presence in the automated warehousing sector, providing a solid technical foundation [3] - A complete team has been established through the recruitment of foreign professionals, enhancing service response speed compared to foreign competitors [3] - Future development will focus on system integration, offering comprehensive automated warehousing and logistics solutions [3] Group 5: Automotive Recycling Industry - The current vehicle ownership in China is approximately 176 million, with an annual increase of 25 million vehicles [3] - The actual dismantling volume of vehicles has not yet seen explosive growth due to government regulations and the high renewal rate of vehicles [3] - The company is accelerating the construction of recycling bases to improve the profitability of scrap vehicle enterprises by enhancing resource utilization [3] Group 6: Future Business Directions - The company is exploring the waste recycling sector, particularly in urban waste management, through partnerships such as with Chongqing Environmental Protection Holdings [4] - There are considerations for future collaboration with Wuxi Liyou Medical Automation Technology Co., Ltd., depending on development and cooperation opportunities [3]