Zhejiang Yueling (SZ:002725)2022-12-08 02:24Group 1: Market Insights - The domestic aluminum wheel aftermarket is still in its early development stage, influenced by policy barriers and consumer perceptions, with expected growth in the future [2] - Global automotive market continues to grow, with an increase in the demand for aluminum wheels, particularly in the U.S. and Japan, despite a decrease in sales in Russia and Ukraine [2] - The demand for aluminum wheels is closely related to the number of vehicles in use and economic conditions in different regions [2] Group 2: Company Strategy - The company has not yet entered the OEM market due to historical development and competitive advantages, including longer accounts receivable turnover and high entry barriers [3] - The company’s products are characterized by diversity, personalization, and aesthetic appeal, leading to higher profit margins compared to the more standardized OEM market [3] - Future collaboration with OEMs is a potential direction for market expansion, but will require time to implement [3] Group 3: Future Developments - The company is exploring deeper developments in the automotive aftermarket but currently has no specific investment plans [3] - Ongoing market research is being conducted to assess potential partnerships and investment opportunities [3]