CITC(SZ:002190)2022-12-08 01:28Group 1: Company Overview - Sichuan Chengfei Integration Technology Co., Ltd. primarily focuses on automotive molds, automotive parts, CNC parts processing, and lithium battery production [1][2]. - The company has a stable growth trend in its automotive mold and parts business, serving a mature automotive market [2]. Group 2: Automotive Mold Business - The automotive market in 2015 faced challenges with significant price and sales fluctuations, but the impact on the company's mold orders was limited [2]. - The company’s client base for automotive molds includes a significant proportion of joint venture brands, although the client composition changes annually [2]. Group 3: CNC Parts Processing - The company’s military products mainly involve CNC parts processing for aviation, with a growing market demand and planned capacity expansion [2][3]. Group 4: Lithium Battery Business - The current production capacity for lithium batteries exceeds 600 million watt-hours, with plans to increase to over 900 million watt-hours after new production lines are completed [3]. - The company is positioned among the top lithium battery manufacturers in China, with stable prices and normal payment cycles [3]. - There is a focus on enhancing technology for lithium batteries, with ongoing research and development investments [3]. Group 5: Strategic Planning - The company aims to steadily develop its automotive tooling and parts business while actively expanding its lithium-ion battery operations to capture opportunities in the new energy market [3]. - Following the unsuccessful restructuring in 2014, the company has not faced operational impacts and continues to pursue capital securitization as a strategic direction [3].