Fenglong(SZ:002931)2022-11-22 03:04Group 1: Investor Relations Activities - The investor relations activity was held on June 30, 2021, at 9:00 AM in the conference room of Fenglong Co., Ltd. [2] - Participants included representatives from Guosheng Securities, Everbright Pramerica, Hengyue Fund, and others [2]. - The meeting was attended by company executives including the Secretary of the Board and Vice General Manager [2]. Group 2: Project Updates - The fundraising project for garden machinery components is expected to be completed by April 2022 due to improved local government support [2]. - Production planning for the garden machinery project is anticipated to start in the second half of the following year, with some processing machinery having a 9-month order cycle [2][3]. Group 3: Market Insights - The garden machinery industry is experiencing stable growth, with an annual growth rate of approximately 5% [3]. - The company’s hydraulic components are primarily focused on commercial vehicles, with some involvement in new energy vehicles [3]. - The market capacity for the company's main products (ignition devices, flywheels, and cylinders) is estimated to be around 1.5 to 2 billion yuan [5]. Group 4: Competitive Position - The company ranks first in the market share of key components for handheld garden machinery, achieving approximately 20% market share [4]. - The company has established deep cooperation with certain clients, achieving an 80% share with individual customers [4]. - The hydraulic components business has lower gross margins compared to automotive components due to the nature of OEM production and customer requirements [4].