FLAC(SZ:002536)2022-12-10 08:04Group 1: Company Overview - Henan Xixia Automobile Water Pump Co., Ltd. was established in 1952 and has over 50 years of production history [1] - The company specializes in automotive water pumps and engine exhaust manifolds, with 5 wholly-owned subsidiaries and 1 holding subsidiary [1] - The wholly-owned subsidiary Nanyang Feilong Auto Parts Co., Ltd. was established in 2008 and began production in 2009, showing rapid development and stable product orders [1] Group 2: Future Developments - The company plans to relocate its production, research and development, and international trade platforms to Zhengzhou, which is strategically located to serve the national market [1] - Zhengzhou Feilong Auto Parts Co., Ltd. is currently adjusting equipment for trial production [1] Group 3: Financial Considerations - Employee salary increases are planned to be offset by improving resource utilization, reducing financial costs, and diluting expenses [2] - Despite rapid revenue growth post-structural adjustments in 2013, increased investments led to a decline in profits [2] - The company does not anticipate transportation issues affecting export business due to a proximity-based procurement strategy and competitive labor costs [2] Group 4: Product Development - The electric switch water pump is expected to save fuel and will be a growth point for the company in the coming year [2] - The company is open to considering employee stock ownership plans when suitable opportunities arise [2] - The price for the non-public offering of shares is not expected to increase significantly from the original price [2]