CSB(SZ:300718)2022-12-05 02:20Group 1: Company Overview - Zhejiang Changsheng Sliding Bearing Co., Ltd. specializes in the research, production, and sales of self-lubricating bearings, including three main categories: metal-plastic polymer self-lubricating bearings, bimetal boundary lubricating bearings, and metal-based self-lubricating bearings [2]. - The company primarily serves as a first and second-tier supplier for engineering machinery manufacturers and a third-tier supplier for automotive manufacturers [2]. Group 2: Market Challenges - The company's sales volume for metal-plastic polymer self-lubricating bearings has seen slight growth, while bimetal boundary lubricating bearings and metal-based self-lubricating bearings have experienced a decline due to macroeconomic conditions and trade wars, impacting global automotive and engineering machinery sales [3]. - Domestic and overseas sales each account for approximately 50% of the company's total sales, with ongoing efforts to mitigate the negative impacts of the pandemic on overseas orders [4]. Group 3: Research and Development - The company has a strong R&D capability, with 17 new patents applied for in 2019, including 2 invention patents, and a total of 50 effective patents as of December 31, 2019 [3]. - In 2019, the company increased its R&D investment, emphasizing the importance of material and new product development [3]. Group 4: Strategic Initiatives - The company is actively exploring new business areas to reduce reliance on a single industry, having established two new subsidiaries focused on high polymer products and precision machinery [4]. - The company aims to leverage its R&D advantages in self-lubricating bearings to provide superior products for the engineering machinery sector and extend its business into automotive and home appliance sectors [4].