CSB(SZ:300718)2022-11-21 15:42Group 1: Company Overview - The company, Zhejiang Changsheng Sliding Bearing Co., Ltd., reported significant changes in gross margin and net profit margin in Q3 2021, indicating a response to raw material price fluctuations [2] - The company has implemented price increases to cover the rise in raw material costs, with key clients beginning to accept these adjustments by the end of Q3 [2] Group 2: Impact of Policies - The electricity restriction policies have not significantly impacted the company, although smaller suppliers may face challenges; the effect on downstream clients varies based on local regulations [2] - Orders from the overseas engineering machinery sector are performing well, while the automotive industry is experiencing a slight downturn due to chip shortages [3] Group 3: Future Prospects - The company anticipates stable growth in the engineering machinery sector over the next two years, with an increased focus on developing new product categories [3] - The automotive industry is expected to recover from current production and inventory challenges, providing opportunities for product restructuring [3] Group 4: Competitive Advantages - The company boasts a diverse product line that covers most self-lubricating bearing products, catering to various industries including automotive, engineering machinery, and new energy [3] - High automation levels in production enhance precision and expand the applicability of products across different operational conditions [3] - Extensive experience in application development allows the company to design specialized testing platforms based on customer needs, accumulating valuable experimental data [3] - The company is expanding its application of friction-reducing technology and high polymer materials into new areas such as robotic joints and high-temperature applications [3]