FDM(SZ:002196)2022-12-08 03:18Group 1: Company Overview and Strategic Goals - Zhejiang Fangzheng Electric Co., Ltd. is undergoing a significant asset restructuring process, with the restructuring report submitted on March 16, 2015, and the stock suspension initiated on the same day [2]. - The company aims to transform its traditional business through continuous R&D and external acquisitions, focusing on energy-saving and new energy vehicle drive systems, as well as high-end automotive components [2][3]. Group 2: Progress of Major Asset Restructuring - The company completed the inquiry response from the Shenzhen Stock Exchange on June 9, 2015, and resumed trading on June 16, 2015 [2]. - The shareholders' meeting approved the major asset restructuring on July 3, 2015, and the company received the administrative license acceptance notice from the China Securities Regulatory Commission on July 10, 2015 [2]. Group 3: New Energy Drive System Business - The new energy drive motor business is progressing smoothly, with mass production already initiated. Key clients include Green Giant Technology and Shandong Haoyu [3]. - The company plans to upgrade from a new energy vehicle drive system supplier to one of the few complete vehicle powertrain system integrators in China, leveraging partnerships with Shanghai Haineng and Devoch [3]. Group 4: Traditional Business Operations and Future Plans - 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 industrial sewing machine sales have declined due to a sluggish textile industry [3]. - The company aims to upgrade its traditional business through the acquisition of Shenzhen Gaoke Run, focusing on mechatronics, brushless motors, intelligent control, and mobile products [3].