Nantong Chaoda Equipment (301186)2022-11-17 14:36Business Model and Core Competencies - The company is a leading domestic supplier of automotive interior and exterior molds, primarily engaged in the R&D, production, and sales of molds, automotive inspection tools, automation equipment, and components [3][4]. - The business model is characterized by customized production based on client orders, with a focus on differentiated and personalized products [4][5]. - The company provides comprehensive solutions including molds, inspection tools, and automation equipment, leveraging advanced technology and strong customer relationships to maintain competitive advantages [4][6]. Market Expansion and Growth Plans - The company aims to expand both domestic and international markets, capitalizing on the global automotive mold industry's shift to China and the domestic automotive industry's upgrade [5][6]. - A new production project for 200,000 battery boxes per year is planned, extending the company's reach into the new energy vehicle supply chain [5][6]. - The company has successfully raised RMB 447.719 million through its listing on the Shenzhen Stock Exchange, which will be invested in expanding production capacity and R&D [9][10]. R&D and Innovation - The company emphasizes continuous technological innovation as a key to survival, with plans to enhance R&D capabilities and develop new technologies [6][11]. - In 2021, R&D expenses amounted to RMB 30.5748 million, accounting for 6.99% of revenue, with a total of 134 patents held [11][12]. - Key R&D focuses include lightweight materials for automotive interiors and advanced molding technologies, which are expected to enhance product competitiveness [11][12]. Client Base and Market Presence - The company has established long-term relationships with both domestic and international clients, including major automotive brands such as Audi, BMW, and Tesla [8][9]. - The primary export markets are Europe and North America, with a history of collaboration with clients in these regions [9][10]. - The company aims to increase its market share and improve profitability through enhanced production efficiency and cost control [8][9]. Risks and Mitigation Strategies - The company faces risks related to economic cycles and the automotive industry's development, which can affect demand for molds [12][13]. - To mitigate these risks, the company closely monitors industry trends and adjusts its operations accordingly, while also enhancing its marketing network and R&D capabilities [12][13].