Tianrun Industry(002283)2024-10-28 10:07Group 1: Company Overview and Market Position - Tianrun Industrial has a high market share, which helps mitigate the impact of market fluctuations compared to the heavy truck industry [1] - The company is focusing on large crankshafts and passenger car crankshafts, with a notable increase in demand for passenger car crankshafts due to the growth of hybrid models [2] Group 2: Production and Investment Plans - The Thai factory is being established to optimize global layout and mitigate tariff impacts, with all necessary procedures completed [2] - The company plans to shift some light truck production lines to passenger car crankshaft production, indicating a strategic adjustment in product structure [2] Group 3: Financial Performance and Profitability - The company maintains a net profit margin around 10%, with annual controllable cost reduction targets [3] - The gross profit margin for marine shafts is approximately 23%, while heavy truck crankshafts have a gross profit margin of 25%-26% [3] Group 4: Future Outlook and Strategic Adjustments - The company is preparing for future market changes by adjusting its strategic structure in response to the energy revolution [3] - There is an expectation of increased investment in air suspension lines in the coming years, reflecting growth in that segment [2]