PPF(300258)2023-11-24 08:06Group 1: Company Overview - The company is Jiangsu Pacific Precision Forging Technology Co., Ltd. [2] - The stock code is 300258 and the bond code is 123174 [1] Group 2: Investor Relations Activity - The investor relations activity took place on November 21, 2023, at 10:00 AM [2] - Participants included representatives from Zhongtai Securities, Shanghai Securities, and other investment firms [2] Group 3: Customer and Revenue Insights - Major customers for the first three quarters include Volkswagen (Audi), GKN, and North American clients [2] - The revenue growth rate for the first three quarters was better than profit growth, primarily due to increased convertible bond interest expenses and foreign exchange losses [2][3] - The differential gear business accounted for over 40% of revenue in the first three quarters [3] Group 4: Future Projections - The company expects revenue to continue to grow well in 2024 based on current projects and client plans [2] - Anticipated revenue increase in the fourth quarter compared to the third quarter [2] Group 5: Product Development - Research and development for the robot reducer is ongoing [2] - The electric motor shaft project is already in mass production and delivery for clients [3] - The first phase of planned production lines and capacity is expected to be ready by the end of this year, contributing to revenue starting in 2024 [3]