GSP GROUP(605088)2024-10-17 08:09Group 1: Investor Relations Activities - The company conducted investor relations activities including specific object research, analyst meetings, and media interviews [2] - Participants included representatives from various securities firms such as GF Securities and Changjiang Securities [2] - Activities took place in Shanghai and Wenzhou on September 3 and September 19, 2024 [2] Group 2: Market Strategy and Expansion - The company has established a distribution network in over 200 cities across China, collaborating with partners like Tuhu and Kaishi [2] - The average vehicle age in China reached 6.5 years in 2021, indicating that the aftermarket for chassis components has not yet reached a replacement boom [2] - The company anticipates faster growth in the domestic market compared to Europe and North America once downstream demand is released [2] Group 3: Domestic vs. Overseas Market Strategies - The company’s strategy in the domestic aftermarket is similar to that in overseas markets, focusing on service through distribution channels [3] - The main difference lies in the abundant manufacturing resources in China, necessitating a deeper focus on service premiums [3] Group 4: Battery Business Development - The company is in the early stages of expanding its battery business overseas, with brand registration and certification processes ongoing [3] - The overseas battery storage market is emerging, with semi-solid batteries being highly suitable for European and American markets [3] - The company aims to enhance its global smart supply chain efficiency and broaden its product matrix to meet customer demands for one-stop procurement [3] Group 5: Future Planning and Growth - The company plans to collaborate with Jilin Dongchi New Energy Technology Co., Ltd. to enhance profitability and core competitiveness [3] - The semi-solid battery project is expected to create a second growth curve beyond the automotive aftermarket, deepening influence in the new energy sector [3]