TQM(SZ:002510)2022-12-06 07:24Group 1: Revenue Recognition and Product Differences - The production cycle for automotive molds typically lasts between one to two years, with revenue recognized upon final acceptance for domestic sales and upon shipment for overseas sales [1] - The price of molds for new energy vehicles is generally higher than that for traditional vehicle molds due to differences in materials used, such as those in all-aluminum car bodies [3] Group 2: Fund Utilization and Risk Management - Funds raised from the issuance of convertible bonds will be used to increase capital for Tianjin Tianqi Mould Zhizhong Body Technology Co., Ltd., which will invest in the development and manufacturing of large multi-station progressive molds [3] - To mitigate risks associated with market fluctuations, the company aims to diversify its customer base and reduce reliance on single customers or models, with new clients in 2017 including Hebei Zhongxing, BAIC New Energy, Guoneng, and NIO [3] Group 3: Military Business and Future Development - The company's strategy includes expanding into the military sector, with a focus on obtaining relevant military qualifications for its subsidiary, Shenyang Tianqi Mould Aviation Components Co., Ltd. [4] - The European subsidiary, European Tianqi Mould, is expected to achieve profitability this year after overcoming initial challenges, indicating a positive outlook for future performance [4] Group 4: Strategic Expansion and Diversification - The company plans to focus on the overseas transfer of mold production as a significant growth area, while continuing to strengthen its core business in molds and stamping parts [4] - There is an emphasis on seeking investment opportunities in high-tech fields such as aerospace, military, new energy, and intelligent manufacturing to explore diversified strategic layouts [4]