FDM(SZ:002196)2022-12-08 08:46Group 1: Company Overview and Strategic Goals - Zhejiang Fangzheng Electric Co., Ltd. is undergoing a significant asset restructuring process, with the restructuring report submitted to the China Securities Regulatory Commission (CSRC) for review as of June 9, 2015 [2]. - The company aims to transform its traditional business through continuous R&D and mergers and acquisitions, focusing on energy-saving and new energy vehicle drive systems, as well as high-end automotive components [2][3]. Group 2: New Energy Drive System Business - The new energy drive motor business is progressing well, with mass production initiated and key clients including Green Giant Technology and Shandong Haoyu [3]. - Post-restructuring, the company plans to upgrade from a new energy vehicle drive system supplier to one of the few domestic integrators of complete vehicle powertrains, enhancing its competitive edge in the market [3]. Group 3: Traditional Business Operations - The traditional business includes household sewing machine motors, automotive seat motors, and industrial sewing machines, with stable sales in household sewing machine motors and smart controllers, while the industrial sewing machine segment has seen a significant decline due to a sluggish textile industry [3]. - The company anticipates growth in automotive seat motor sales and aims to upgrade its traditional business through the acquisition of Shenzhen Gaoke Run, focusing on mechatronics, brushless motors, intelligent control, and mobile products [3].