ZFGF(SZ:300695)2022-12-04 09:46Group 1: Company Response to COVID-19 - The company established a COVID-19 prevention task force and implemented a response plan to ensure employee health and safety [2] - The impact of the pandemic on overseas orders was minimal in Q1 due to sufficient raw material inventory and proactive order delivery [2][3] Group 2: Financial Performance - The company achieved a revenue of 123.49 million CNY, representing a year-on-year increase of 31.57% [3] - The net profit attributable to shareholders was 41.97 million CNY, with a year-on-year growth of 34.97% [3] Group 3: Market Strategy and Development - The company is strategically entering the OEM market and has established a dedicated division for this purpose [4] - The company has a strong technical advantage in developing automotive wheel hub bearing units, with successful qualifications from major suppliers like FCA [4][6] Group 4: Research and Development Investment - The company maintains high R&D investment, focusing on integrated, intelligent, and lightweight automotive wheel hub bearing units [6] - The company aims to enhance product quality and performance through material optimization and innovative processes [6] Group 5: Profitability Factors - The company's products primarily target the automotive aftermarket, which typically has higher profit margins compared to the OEM market [6] - Strong production management and cost control practices contribute to the company's robust profitability [6]