万安科技(002590) - 2014年12月4日投资者关系活动记录表

Group 1: Company Overview - The main products of the company include pneumatic brake systems, hydraulic brake systems, clutch control systems, cast iron parts, and suspension systems. The pneumatic brake system has a relatively high revenue share, followed by hydraulic brake systems, while the clutch control system has a smaller share [1][2]. Group 2: Cost Management - The company aims to enhance cost control by promoting "just-in-time, accurate, efficient, safe, and cost-based" management practices, strengthening internal management, and reducing costs and various expenses [2]. Group 3: Clientele - Major clients include First Automobile Works (FAW), Jianghuai Automobile, Liuzhou Automobile, SAIC-GM-Wuling, and Shaanxi Automobile [2]. Group 4: Profitability - The increase in product gross margin in 2014 is attributed to adjustments in product structure, improved internal management, and the implementation of budget management and cost control measures [2]. Group 5: Production and Sales - The suspension system products are produced in Hefei, Anhui, and have a low gross margin due to high initial investments and fixed costs [2][3]. - The company’s sales model includes domestic OEM markets, international export markets, and domestic aftermarket [3]. Group 6: New Ventures - The newly established Boshen Company in August 2013 primarily focuses on expanding the domestic aftermarket [3]. - Jinwan'an Automotive Electronics Co., Ltd. is mainly engaged in the research and development of automotive electronic products such as ABS and EBS [3]. Group 7: Collaborations - Ongoing discussions are taking place regarding collaboration with Fawer Automotive Parts [3].