FORE(301368)2023-05-20 06:08Company Overview - Fengli Intelligent is a national high-tech enterprise specializing in the R&D, production, and sales of small modulus gears, precision reducers, and components [2][3] - The company’s products are widely used in fields such as new energy vehicles, industrial robots, smart home devices, medical equipment, and electric tools [2][3] Financial Performance - In 2022, the company achieved sales of CNY 428 million and a profit of CNY 44.89 million [3] - R&D investment in 2022 accounted for 3.72% of operating revenue, an increase of 0.47% from 2021 [3] - For Q1 2023, the operating revenue was CNY 83.59 million, with a net profit of CNY 8.0162 million [3] R&D and Patents - As of December 31, 2022, the company held 48 patents, including 9 invention patents, with an additional 15 invention patents pending [3] - The company has established several R&D centers to enhance its design capabilities and maintain a competitive edge in the market [4][8] Production Capacity and Projects - The company has completed 97.82% of its small modulus precision gear expansion project and 73.69% of its precision reducer upgrade project [3] - The company plans to increase production capacity by approximately CNY 200 million for small modulus gears and CNY 150 million for precision reducers [7] Market Position and Strategy - Fengli Intelligent is positioned as a leading enterprise in the small modulus gear industry and has entered a global supply chain [3][4] - The company aims to expand its market presence by targeting high-end clients, including Tesla and BYD, in the new energy vehicle sector [7] Product Applications - The company’s products are categorized into five main application areas: 1. Smart home drives (e.g., electric tools, garden machinery, medical devices) [4] 2. New energy transmission (e.g., new energy vehicles, agricultural machinery) [4] 3. Cabin intelligent drives (e.g., automotive seat adjustment systems) [4] 4. Precision reducers (e.g., used in industrial robots and smart equipment) [4] 5. Lightweight pneumatic tools (e.g., automotive maintenance, industrial assembly) [4] Competitive Advantages - The company possesses core technologies and a complete closed-loop system for gear design, manufacturing, and quality control [8] - Fengli Intelligent has established long-term partnerships with major companies like Bosch and Stanley, enhancing its market competitiveness [8]