BOSUN(SZ:002282)2022-11-21 16:20Group 1: Product Development and Market Position - The company has developed high-speed train brake pads due to the technical relevance with diamond tool products, leveraging powder metallurgy technology [1] - Currently, the company has obtained trial use certificates for several products, including CRH380B/BL/CL/3C, CRH5A/5E/5J, and CRH380A(AL/AM/AN/AJ) [1] - The brake pad project has generated minimal revenue and is not yet profitable [1] Group 2: Technical Advantages and Competitors - The company is the first domestic private enterprise to introduce a 1:1 simulation test bench from Germany, enhancing product testing and quality assurance [2] - Major competitors in the brake pad market include Knorr (foreign) and domestic companies like Beijing Tianyi Shangjia and Beijing Puran [2] - The company provides stable performance and reliable quality products, supported by a dedicated technical team [2] Group 3: Replacement Cycles and Market Strategy - Brake pads are generally replaced 2-3 times a year, while brake discs have a replacement cycle of approximately 2-2.5 years [2] - The company currently supplies brake discs primarily to the Fuxing train market, with plans to explore the Harmony train market as competition increases [2] - There are no current acquisition plans, but the company remains open to strategic opportunities [2] Group 4: Financial Performance and Market Conditions - The company anticipates that its semi-annual performance will align with the estimates provided in the first quarter report [2] - Orders for diamond tools and coated abrasives are currently robust, although rising raw material costs and shipping fees have impacted profit margins [2] - The company has implemented price adjustments to mitigate the effects of increased costs [2]