TQM(SZ:002510)2022-12-06 01:22Group 1: Company Overview and Strategic Moves - The company is the largest global supplier of automotive exterior covering molds and is acquiring ChaoDa Equipment, a leading domestic supplier of automotive interior and exterior molds, to achieve strong synergies and complement each other's products [1][3]. - The acquisition is part of the company's strategy to expand its product categories and improve its industrial layout, which is crucial for long-term strategic development [3][4]. Group 2: Market Opportunities and Financial Insights - The automotive interior and exterior mold industry is benefiting from increasing consumer attention to automotive configurations, presenting significant growth opportunities [3][4]. - The company expects to receive over 300 million RMB in orders for new energy vehicle molds in 2016, indicating a rising demand from new energy vehicle manufacturers [4][5]. - The gross profit margin of ChaoDa Equipment is high due to low labor costs and a complete industrial chain, which enhances production efficiency [3][4]. Group 3: Production and Sales Dynamics - The production cycle for the company's molds typically ranges from 12 to 24 months, depending on the product [4]. - Sales revenue for mold products is recognized upon final acceptance (for domestic sales) or shipment (for overseas sales), adhering to the principle of prudence [4].