ZYNP(SZ:002448)2022-11-22 02:58Group 1: Company Overview - Zhongyuan Neipei Group Co., Ltd. specializes in key internal combustion engine components such as cylinder liners, pistons, and piston rings [2] - Major clients include global automotive giants like General Motors, Ford, Chrysler, Cummins, John Deere, and leading domestic manufacturers such as FAW, Dongfeng, and SAIC [3] Group 2: Business Segments - Cylinder liner business is primarily conducted by Zhongyuan Neipei and its subsidiary in Anhui, serving a diverse client base [2] - Piston business is managed by Zhongyuan Neipei and its wholly-owned subsidiary, focusing on high-end domestic engine manufacturers [3] - Piston ring operations are handled by Zhongyuan Neipei and its subsidiary, Nanjing Feiyan, catering to top domestic engine and brake pump manufacturers [3] Group 3: Future Development and Strategy - The company aims to expand into new energy vehicles and related fields while maintaining its core business in internal combustion engine components [3][4] - Future profit growth is expected from a recovering domestic automotive market, particularly in the heavy truck and construction machinery sectors [4] - The company plans to enhance its product offerings in smart manufacturing, smart driving, and automotive electronics, while exploring opportunities in new materials and military industries [5] Group 4: Financial Performance - The subsidiary Zhongnai Kaisi has turned profitable in Q1 2021, contributing positively to overall performance [4] - The company is focused on maintaining a full order book and a positive growth trend due to increased demand in the automotive sector [4]