TECH-LONG(SZ:002209)2022-12-08 05:18Group 1: Company Overview - The main business of the company is the research, production, and sales of automated packaging machinery, particularly focusing on liquid PET bottle packaging machinery [2] - The company’s intelligent post-packaging equipment includes smart case packers, smart box packers, and smart feeders, which are increasingly replacing manual labor [2] Group 2: Production and Delivery - The typical production time from order receipt to delivery is 3-6 months [3] - Equipment generally has a lifespan of 8-10 years, with options for clients to either continue cooperation or repurchase equipment at depreciated value after a five-year contract [3] Group 3: Processing Business Model - The company operates two main processing business models: one based on processing fees per volume and another based on fixed investment returns [3] - Currently, the company has five wholly-owned subsidiaries engaged in processing business, including locations in Shenzhen, Dongguan, Xinjiang, Hefei, and Tianjin [3]