JIANGSU TONGRUN(SZ:002150)2022-12-06 08:32Group 1: Company Overview - Jiangsu Tongrun Equipment Technology Co., Ltd. was established in 2002 and listed on the SME board in 2007, initially focusing on metal tool cabinets and office furniture, with a significant portion of tool cabinet products exported [1] - The company has expanded its operations through acquisitions, including Tongrun Group's General Electric Factory and Tongrun Switch Factory, and now primarily operates in sheet metal products and electrical products [2] - Tongrun is a leading manufacturer in the domestic tool cabinet industry, recognized for its strong R&D capabilities and awarded the title of "Provincial Enterprise Technology Center" in Jiangsu [2] Group 2: Facilities and Production Capacity - The company operates two main production sites: Longteng Industrial Park covering 127.6 acres with a total building area of 51,500 square meters, and Haiyu Town Xuhang Factory covering 256.8 acres with a total building area of 132,900 square meters [2] - Tongrun has advantages in technology, product offerings, sales, and scale, establishing itself as a well-known manufacturer in the global tool cabinet industry [2] Group 3: Financial Activities and Strategic Initiatives - After nine years of being listed, the company has initiated refinancing and stock incentive plans for the first time, primarily to support the expansion of its main business in tool cabinets [2] - The stock incentive plan is linked to the success of fundraising projects, which are crucial for ensuring stable performance growth, presenting a significant challenge for the company [2] Group 4: Future Development Plans - Currently, the company does not have specific plans for external development, focusing instead on internal adjustments and integration over the next two years [3] - The company remains open to good opportunities and projects that may arise during this period and is willing to consider investor suggestions for sustainable development [3]