CITC(SZ:002190)2022-12-08 01:58Group 1: Company Overview - The company, Chengfei Integration Technology Co., Ltd., has a significant history and currently focuses on CNC parts processing, generating approximately 100 million RMB in annual revenue with a gross margin exceeding 30% [2]. - The main client for the CNC parts business is Chery Automobile Co., Ltd., with efforts to expand the customer base through its subsidiary, Chengfei Mould [3]. Group 2: Lithium Battery Business - The gross margin for the lithium battery business is reported to be over 10%, although it has not yet achieved profitability [2]. - The outlook for the lithium battery industry is positive, supported by national policies and the growth of the new energy vehicle market [3]. Group 3: Restructuring and Regulatory Issues - The company's restructuring efforts were halted due to a recommendation from the Science and Technology Bureau, which raised concerns about potential monopoly issues [3]. - Currently, there are no plans for restructuring, but the company will provide timely announcements if any developments occur [3].