BROAD-OCEAN MOTOR(SZ:002249)2022-12-08 08:14Group 1: Company Performance - The company's performance in the first half of the year aligns with the forecasts made in the first quarter report [2] - The sales revenue from the new energy vehicle powertrain system remains a small proportion of the overall performance [2] Group 2: Clientele and Collaborations - Major clients include BAIC New Energy, FAW, Changan New Energy, Foton Motor, Chery, Beijing Hyundai, Zoomlion, Suzhou Golden Dragon, Ankai, SAIC, Hengtong, and Zhongtong [2] - Currently, there are no collaborations with Tesla or BYD [2] Group 3: Technological Advantages - The company utilizes permanent magnet synchronous motors for new energy vehicles, holding multiple independent patents and maintaining a leading edge in core technology [3] - The power range of the drive motors is broad, and they have been tested in real-world conditions, leading to continuous improvements in technology and processes [3] Group 4: Market Impact and Strategy - The company's products are exported, accounting for nearly 60% of total sales, mitigating the impact of fluctuations in the domestic real estate market [3] - The company is actively adjusting its product structure in response to national "environmental protection and energy-saving" policies [3] Group 5: Core Competitiveness - The company's competitive edge lies in three main areas: 1. R&D capabilities, with bases in Zhongshan, Beijing, and the USA, focusing on electric drive systems [3] 2. Production capacity, with an annual output of 40 million household electric motors and a robust quality control system [3] 3. A comprehensive after-sales service system, bolstered by the acquisition of a 57% stake in Beijing Petrel, a leader in commercial vehicle starters and generators [3] Group 6: Future Plans and Developments - The company received approval from the CSRC for a non-public offering on June 19 and is preparing related matters [4] - There are no immediate plans for mergers or acquisitions in upstream or downstream enterprises, focusing instead on expanding product lines in electric motors and related fields [4]