ZFGF(SZ:300695)2022-11-22 03:04Market Development - The company has achieved significant growth in the main engine business, with production and revenue both increasing substantially in 2020 [2] - The commercial vehicle sector saw a notable year-on-year revenue increase, benefiting from a high demand cycle [2] - The company has established supply relationships with major domestic brands, including Chang'an and Beiqi, and is in the process of auditing multiple projects with domestic independent brands [2] Production Capacity and Expansion - The construction of a new intelligent factory with an annual production capacity of 30 million automotive wheel hub bearing units is nearing completion, with equipment installation and debugging underway [3] - The company is actively negotiating with potential clients to synchronize quality, procurement, and technical aspects to ensure sales upon project mass production [3] Strategic Planning - The company aims to enhance its industrial chain by integrating upstream and downstream operations, focusing on the automotive wheel hub bearing unit industry while seeking collaborations in the automotive parts sector [3] - A new project for the production of 30 million automotive wheel hub bearing units is part of the strategy to expand into the commercial vehicle chassis system parts business [3] Financial Management - The company is in the process of a private placement of shares, which is progressing smoothly and aligns with its strategic development direction [4] - The sale of underutilized land and properties is intended to improve asset efficiency without affecting the company's ongoing operations [3] Investor Relations - The company reassured investors about its commitment to core business operations and improving management to enhance performance and market recognition [4] - There are plans to introduce strategic investors and maintain a clear funding usage plan for future investments [5]