FULIN. PM(SZ:300432)2022-12-07 08:16Group 1: Company Strategy and Market Position - The company aims to leverage the rapid development of China's automotive industry and follow global trends in energy-saving and new energy vehicles, striving to become a competitive supplier of precision components for automotive power assemblies [3] - The current market share of the company's VVT (Variable Valve Timing) technology is less than 3%, with expectations for significant growth over the next three years based on project reserves [3][4] Group 2: Product Development and R&D Focus - The company is focusing on developing low-friction, high-wear-resistant valve lifters, variable valve lift systems, and components for gasoline direct injection systems, among others [7] - The company has invested approximately 183.98 million CNY and achieved benefits of 114.19 million CNY from fundraising projects as of March 31, 2015 [6] Group 3: Market Demand and Customer Base - The company has over 50 main engine market customers, including major domestic brands such as Chery, Great Wall, and BYD, as well as 14 joint venture brands [5][6] - By 2018, the demand for various components is projected to be 430 million valve lifters, 26 million tensioners, 320 million rocker arms, and 33 million VVT sets [6] Group 4: Future Outlook and Challenges - The company acknowledges the potential impact of new energy vehicles on traditional engine components but plans to actively respond to industry trends by developing new products and technologies [8] - The company currently has no immediate plans for refinancing or significant capital increases, but does not rule out such possibilities in the future [8]