TQM(SZ:002510)2022-12-07 09:40Group 1: Market Overview - The domestic mold market is estimated to be around 100 billion RMB, while the U.S. market is close to 100 billion USD and the European market is approximately 60 billion EUR [3] - The mold industry is fragmented, lacking authoritative statistics [3] Group 2: Production and Sales - The production cycle for custom mold products typically ranges from 12 to 24 months, varying slightly by product [3] - Revenue recognition for overseas orders occurs upon shipment, while domestic orders are recognized upon final acceptance [3] Group 3: Strategic Development - The company aims to maintain its focus on molds while expanding into stamping parts and other automotive components, with potential investments in other industries when appropriate [3] - The German subsidiary serves as a key entry point for the European market, employing nearly 200 people and showing good operational performance as of Q3 2014 [4] Group 4: Future Growth and Profitability - The company plans to enhance gross margins through internal improvements and increased production efficiency, while also diversifying its product structure [4] - The acquisition of a German company marks a significant step towards internationalization, with a focus on establishing overseas marketing, technology, and after-sales service systems [4]