XYGF(SZ:300159)2022-12-04 10:28Group 1: Company Strategy and Focus - The company focuses on the production of aerospace structural components, parts, and segments, continuing its original direction [2] - The company plans to extend its technology in surface treatment, with production lines for this process expected to be operational this year [3] - The management aims to enhance refined management and optimize the performance system [3] Group 2: Performance Commitments and Orders - The company completed performance commitments for the first three years after the restructuring of Mingri Aerospace, with a new commitment cycle starting in 2020 [3] - The company is confident in meeting performance commitments due to the seriousness with which all parties treat the agreement [3] - In 2020, the aerospace and aviation engine sectors are expected to see steady growth in orders, with domestic military aircraft business entering a production phase [3] Group 3: Supply Chain and Production Transition - The company is transitioning from producing individual parts to manufacturing segments, which requires more complex planning and control [4] - The new supply chain model has strengthened relationships with client units, allowing for more comprehensive service delivery [4] - The company anticipates a significant shift in the domestic military aircraft market, moving towards suppliers independently meeting delivery requirements [4] Group 4: Financial Management and Challenges - The company is cautious about large-scale capital expenditures for technological upgrades, focusing on necessary investments that ensure a good return [4] - Accounts receivable issues persist, with a long collection cycle primarily from military sector clients, but efforts are being made to improve collection processes [4] - The company has established a collection team to address the slow progress of accounts receivable, which was affected by both external and internal factors [4]