Group 1: Automotive Parts Business Development - The automotive industry is currently in a recovery phase, and the company plans to seize favorable opportunities to expand the market in 2021 [1] - Key growth points for the automotive business in 2021 include: - Mass production phase for customers Guangqi Toyota and FAW Toyota [1] - Mass production of turbocharger products [1] - Construction of two casting production lines funded by raised and self-raised capital, with one already in production and the other in testing [1] Group 2: Military and Aerospace Business Development - The company has established workshops for military and aerospace products, covering various military branches including air force and rocket forces [2] - Advantages of entering the military and aerospace sector include: - Integrated advantages in casting, forging, heat treatment, and machining [2] - Favorable geographical location for attracting military professionals and customer development [2] - Over 20 years of experience in precision processing and production management, with rich experience in quality and cost control [2] - Strong cash flow from the automotive division providing sufficient funding for the military products division [2] Group 3: Market Expansion and Orders - The company has officially become a qualified supplier for a major aircraft manufacturing company, which is a key supplier of military weaponry in China [2] - The company has also become a qualified supplier for clients including a civil aircraft company and a physics research institute, covering both military and civil aviation markets [2] - Due to the rapid growth in the military industry, the company is accelerating the construction of production facilities to meet customer demand, although military product revenue impact in 2020 was minimal [2] - There is uncertainty regarding the military division's revenue in 2021, and investors are advised to be aware of investment risks [2]
西菱动力(300733) - 西菱动力调研活动信息