YINLUN(SZ:002126)2022-12-06 08:20Group 1: Company Performance and Market Outlook - The company achieved good growth in the first three quarters of 2016, with expectations for strong performance in Q4, driven by the commercial vehicle market, especially heavy trucks and engineering machinery [2][3] - The company has increased support for the passenger vehicle segment, leading to rapid growth in this area, which is expected to contribute significantly to overall performance [3] - The commercial vehicle and engineering machinery market trends are anticipated to continue into the next year, supporting stable growth in related product lines [3] Group 2: Joint Ventures and New Products - The company signed a joint venture contract with Pierburg on December 1, 2016, to establish a subsidiary in Shanghai for the production of gasoline EGR systems, leveraging both parties' technological and market advantages [3][4] - The gasoline EGR system is expected to begin production in early 2017, with major clients including Liuji, Jiangling, GAC, and Changan [4] Group 3: Regulatory Impact and Market Opportunities - The implementation of the National V emission standards is expected to begin in 2017, which will likely increase the demand for exhaust emission control products [4][5] - The National VI emission standards are projected to be fully implemented by 2020, leading to a significant expansion in the market for exhaust emission control products, with the company preparing through acquisitions and joint ventures to meet these standards [4][5] Group 4: Production Capacity and Market Share - The company currently has an annual production capacity exceeding 10 million units for heat exchangers and exhaust emission control products [5] - The market share for stainless steel plate heat exchangers and diesel engine EGR products has surpassed 40% [5]