ZHmag(SZ:300224)2022-12-08 09:34Group 1: Company Performance and Strategy - The company is confident in achieving the performance targets set in the equity incentive plan [3] - The raw material inventory cycle is generally around 2 months, adhering to a sales-driven production and procurement strategy [3] - After resolving patent restrictions with Hitachi Metals, the company is well-positioned to expand its international market presence, leading to a significant increase in overseas sales compared to last year [3] Group 2: Client and Market Focus - Shanghai Dajun primarily serves clients in the new energy vehicle motor drive system sector, covering various downstream demands including passenger cars and commercial vehicles [3] - Following the completion of the asset acquisition project, Shanghai Dajun will continue to focus on the research, production, and sales of new energy vehicle motor drive systems, with full support from the company [3] Group 3: Product and Profit Composition - The company's products are mainly applied in high-end markets such as wind power, energy-saving elevators, variable frequency air conditioning, EPS, new energy vehicles, and consumer electronics, with wind power being the largest revenue contributor [4] - The market share in air conditioning, EPS, and new energy vehicles is rapidly increasing [4] Group 4: Market Conditions - The company views rare earth prices as being relatively stable, influenced by national policies and market supply and demand factors [4]