TANAC(SZ:300461)2022-12-05 06:20Group 1: Financial Performance - In 2016, the parent company received new orders totaling 189 million (including tax), with approximately 71% of these orders realized as sales revenue [1] - The company faced significant pressure on fixed asset depreciation and other period expenses due to the increase in assets from IPO fundraising projects [1] - The overall gross margin of the parent company declined due to a drop in sales and gross margin of standard machines, influenced by market competition [2] Group 2: Current Operations - As of now, the parent company has a substantial backlog of orders, showing significant growth compared to the same period last year [2] - The subsidiary, Yuanyang Xiangrui, is expanding its customer base due to its technical strength and service capabilities, particularly in glass engraving machines and metal CNC processing equipment [2] Group 3: Competitive Advantages - In the winding equipment sector, the parent company holds a technical advantage over domestic competitors, with major global players including Japan's Nikko and Italy's Masly [2] - The subsidiary, Yuanyang Xiangrui, has made rapid advancements in team development, product quality, and efficiency, enhancing its competitiveness in the engraving machine market [2] Group 4: Management of Subsidiaries - The parent company does not interfere with the daily operations of the subsidiary Yuanyang Xiangrui, focusing instead on financial management and providing necessary support [2] Group 5: Technological Developments - The yield rate for bending machines is approximately 70%-80% internationally and 40%-50% domestically, with energy consumption being a significant concern [2] - Progress has been made in energy consumption control for bending machines, which is expected to enhance competitiveness [2]