JIANGSU TONGRUN(SZ:002150)2022-12-07 08:22Group 1: Company Overview - Jiangsu Tongrun Equipment Technology Co., Ltd. was established in 2002 and listed on the SME board in 2007 with a total share capital of 250.2 million shares [1] - The company is a leading manufacturer in the toolbox cabinet industry and a standard setter in China, with a global production scale and product line ranking first [1] - Toolbox cabinets account for over 60% of the company's total revenue, with high and low voltage switchgear business generating approximately 250 million CNY [2] Group 2: Business Strategy and Financial Performance - The company aims to stabilize its core toolbox cabinet and high/low voltage switchgear businesses while developing new product lines in agricultural machinery and electromechanical products [2] - The 2015 revenue target is set at 1 billion CNY, with a profit target of 85 million CNY, reflecting a slight growth compared to 2014 [2] - Domestic business is expected to decline due to economic downturns and reduced investment, impacting orders from industrial clients [2] Group 3: Market Challenges and Responses - Price reductions in toolbox cabinet products are attributed to unfair market competition, with the company focusing on improving labor productivity and developing new products to mitigate pricing pressures [2] - The company plans to invest 60 million CNY in expanding its painting production line to enhance production capacity and prepare for future order increases [2] Group 4: Other Business Directions - New business directions include agricultural machinery products such as branch shredders and micro tillers, as well as electromechanical products like sheet metal components and small control cabinets [2] - The parent company has three main business segments, with 2014 revenues of approximately 1.8 billion CNY for automotive parts and 1.6 billion CNY for elevator traction machines [3]