ZheJiang Meili High Technology (SZ:300611)2023-12-06 01:46Group 1: Company Overview - Zhejiang Meili Technology Co., Ltd. is focused on the development of suspension system springs primarily for the automotive industry [1] - The company aims to enhance sales to major clients while also seeking new international customers [1] Group 2: Financial Performance and Market Position - The company anticipates a recovery in the gross margin of suspension system springs due to improved organizational structure and capacity utilization [1] - Current order volume is sufficient, with a seasonal peak in the fourth quarter, and the company is actively preparing inventory [2] Group 3: Industry Insights - Industrial springs are utilized in various sectors including engineering machinery, nuclear power, valves, aerospace, and steel [2] - The spring industry currently has a low concentration, but there is a trend towards consolidation among leading companies [2] Group 4: Strategic Development - The company plans to focus on its core business and prioritize the research and development of technologically advanced products and components [2]