Landai Technology(SZ:002765)2022-12-06 01:20Group 1: Company Expansion Projects - The company has three fundraising projects focused on expanding production capacity, which are aligned with market needs and operational conditions [2][3]. - The "600,000 units annual production of manual transmission gears" project has completed construction, with some equipment already in use, but the overall project has not yet reached full production [3]. - The "160,000 units annual production of automatic transmission components" project is nearing completion, with ongoing investments to meet customer supply capabilities [3]. - The "100,000 sets annual production of manual transmission assemblies" project is also nearing completion, with further equipment investments planned to enhance production capacity [3]. Group 2: Current Production Capacity and Utilization - The company has not disclosed specific production capacity figures for various products, but overall capacity utilization is expected to fluctuate based on product structure changes [4]. - Currently, the capacity utilization rates for manual transmission gears and assemblies are relatively high, and with ongoing investments, the company aims to meet current production demands [4]. - Increased capacity utilization is anticipated to contribute to revenue growth this year [4]. Group 3: Customer Orders and Market Demand - The company operates on a make-to-order basis, with product orders dependent on major manufacturers' production and sales plans [4][5]. - Demand for transmission gears and assemblies typically peaks in the fourth quarter, but market fluctuations can impact order volumes [4]. Group 4: Client Relationships and Market Position - The company supplies manual transmission gears primarily to clients such as Chery, Wanliyang, and Beiqi North Gear [5]. - New clients like Chang'an Kuayue, Dongfeng Xiaokang, and Beiqi Yinxiang have contributed to the growth of the company's assembly products this year [5]. - The company is focusing on expanding its automatic transmission component business, which is a key area for future development [5][6]. Group 5: Strategic Partnerships and Future Prospects - The joint venture with Beiqi North Gear aims to leverage resources and market advantages to supply transmission assembly products [7]. - The profitability of the joint venture will depend on market demand for client products, with the venture already achieving profitability by the third quarter [7]. - The EVT hybrid transmission project is currently in the prototype testing phase, with ongoing development [7].