CSB(SZ:300718)2022-12-04 10:24Group 1: Company Overview - Zhejiang Changsheng Sliding Bearing Co., Ltd. is focused on self-lubricating bearings, distinguishing them from traditional rolling needle bearings [2]. - The company has a strong presence in the engineering machinery sector, primarily serving well-known international brands like Caterpillar [2][3]. Group 2: Market Insights - The self-lubricating bearing market is estimated to be around $15-20 billion, with significant potential for replacing rolling bearings and developing new applications [3]. - The automotive sector presents a vast market opportunity, with an estimated global demand of 10 million units per year, excluding the repair market [3]. Group 3: Competitive Positioning - Compared to international benchmarks, the company maintains lower management and sales costs, along with a flexible operational mechanism and faster project development speed [3]. - The company’s products are lighter and more cost-effective than traditional rolling bearings due to internal material development and simpler production processes [3]. Group 4: Customer Base and Relationships - The top ten customers of the company have remained relatively stable compared to 2016, indicating strong brand recognition and customer loyalty [3]. - Domestic customer engagement is limited due to issues related to payment terms and quality expectations, although these challenges are gradually improving [3].