LSKJ(SZ:300680)2022-12-04 09:40Group 1: Company Overview and Competitive Advantages - Longsheng Technology is one of the earliest companies in China engaged in the research and production of EGR systems, having established five industry standards and holding over 200 effective patents [2] - The comprehensive advantages of Longsheng's EGR products compared to competitors include: environmental certification advantages, customer resource advantages, R&D and technology advantages, synchronous development advantages, quality management advantages, and product line advantages [2] - Longsheng's EGR series products cover emission standards from light to heavy vehicles, providing complete EGR system solutions across various engine displacement segments [2] Group 2: Client Relationships and Market Position - Longsheng Technology has established strong partnerships with domestic engine manufacturers and vehicle manufacturers, including Cummins, Dongfeng Commercial, SAIC-GM-Wuling, and others [2] - The subsidiary Weiyan Precision primarily serves European, American, and Japanese clients, focusing on the automotive and communications sectors, and operates as a secondary or tertiary supplier [3] Group 3: Impact of Market Conditions - The significant decline in automotive production and sales in Q1 has notably affected Weiyan Precision, which specializes in precision automotive components and electronic communication parts [3] - Despite the challenges, Weiyan Precision aims to fulfill its performance commitments as market conditions improve [3] Group 4: Future Strategies and Plans - Longsheng Technology completed the acquisition of Weiyan Precision in 2018 and is currently advancing refinancing efforts, with no immediate plans for further acquisitions [4] - The company plans to maintain a focus on the automotive industry while actively pursuing strategic transformation and upgrading, particularly in fuel alternatives and new energy sectors [4]