Shuanglin Auto Parts(SZ:300100)2022-12-08 09:26Group 1: Company Strategy - The acquisition of New Torch aims to strengthen the industry, create scale effects, improve the industrial chain, and enhance the company's earnings [1] - The New Ocean electric vehicle project indicates the company's confidence and direction in entering this sector, with further negotiations anticipated [1] - The company plans to enhance production capacity and upgrade its own industry, with a conservative approach to interior and exterior decorations [1] - There are intentions to establish a presence in Europe and the United States [1] Group 2: Aftermarket Plans - New Torch specializes in the overseas aftermarket, but has made significant progress in the domestic market in recent years [1] - The collaboration potential in the aftermarket is substantial due to New Torch's experience and the company's regional advantages [1] Group 3: Investment and Returns - The company emphasizes long-term investments and strategic layouts, having successfully navigated the 2008 financial crisis through extensive regional presence and diverse product lines [1] - Although recent investments have not yielded immediate returns, the company expects project capacity and benefits to gradually materialize starting in the second half of next year [1] - Strategic clients and projects, such as those with Geely and Ford, have been developed during the investment process [1] Group 4: Acquisition Rationale - The decision to acquire New Torch was based on complementary market, customer, layout, and technology foundations, with anticipated synergies [1] - A shared vision for future market and development directions facilitated the swift completion of the transaction [1] Group 5: Overseas Investment Plans - The company plans to invest overseas with a strategy of "spending money to buy time, market, and technology," typically through acquisitions [1] - Preparatory and preliminary work for overseas investments has been ongoing [1]