双林股份(300100) - 双林股份调研活动信息

Group 1: Company Overview and Strategy - Ningbo Shuanglin Automotive Parts Co., Ltd. aims to become a leader in the domestic small and medium power new energy vehicle powertrain market, with plans to gradually increase market share through mature R&D technology [2][3] - The company plans to increase production capacity to 500,000 units by the end of this year, adjusting capacity based on customer orders and market feedback [2][3] Group 2: Competitive Position and Market Performance - The company has a strong competitive advantage in the new energy electric drive business, with high integration capability and leading product quality and cost technology [3] - In June 2021, the company won bids for new energy vehicle projects from Changan, Chery, and Baoneng, with expected new sales exceeding 150 million yuan in 2022 [3] Group 3: Production Capacity and Utilization - The company has an annual production capacity of 16 million wheel hub bearings, with a revenue of 809 million yuan in the first half of 2021, indicating a high capacity utilization rate [3] - The company’s wheel hub bearing products have a high market share and low substitutability once integrated into customer supply chains [3] Group 4: International Operations and Challenges - The overseas production line of the new Torch Technology (Thailand) company is operating normally, having produced 18,000 sets of wheel hub bearings, but sales revenue is delayed due to customer factory audits being postponed by the pandemic [3] - The company plans to establish three new high-end aftermarket wheel hub bearing production lines, with progress on schedule and expected trial production in November 2021 [3] Group 5: Financial Performance and Cost Management - Rising raw material prices have increased operating costs and reduced gross margins; the company plans to improve margins through design optimization, lean production, and business structure optimization [5] - Despite rising overseas shipping costs due to the pandemic, the company's export business has performed better than the previous year, with agreements in place to share increased costs with customers [5]