TQM(SZ:002510)2022-12-08 09:31Market Overview - The domestic mold market is estimated to be approximately 100 billion RMB, while the U.S. market is around 100 billion USD and the European market is about 60 billion EUR [2][3]. Company Strategy - The company will focus on strengthening its core business in molds while enhancing product structure, including hot forming molds and multi-station progressive molds [3][4]. - The company is open to investments in other industries if suitable opportunities arise [3]. International Expansion - The German subsidiary serves as a key entry point into the European market, with nearly 200 employees and optimistic performance expected for the year [3][4]. - The acquisition of a German company marks the first step towards internationalization, with a focus on establishing marketing, technology, and after-sales service systems in high-demand regions like the U.S. and India [3][4]. Investment Projects - The company plans to issue convertible bonds not exceeding 420 million RMB for the development of large multi-station progressive molds [4][5]. - The project aims to address the gap in the domestic market for large multi-station progressive molds, which currently have limited production capabilities [4][5]. Production Capabilities - The company primarily sources large processing equipment from Japan and Germany, while domestic suppliers meet the needs for stamping machines [5]. - All stamping molds produced are specifically for the automotive industry [5]. Key Clients - Major clients include Great Wall Motors, BAIC Group, Brilliance BMW, FAW Toyota, and Tianjin Automotive [5].