Tianrun Industry(SZ:002283)2023-04-26 09:11Group 1: Company Overview - Tianrun Industrial is engaged in the production of heavy and light engine crankshafts, with a focus on high-end light trucks. The company aims to increase its market share in high-end light trucks to 50% this year [2][3]. Group 2: Market Performance - In the first quarter of 2023, the company's revenue from heavy engine crankshafts increased by nearly 4 percentage points compared to the previous year, indicating a growth in both absolute and relative terms [2][3]. - The company’s customer base is stable, with over 95% of domestic engine manufacturers as clients. The primary customers contributing to revenue are Weichai and Cummins [3]. Group 3: Production and Forecast - The production plan for March was high, with April and May expected to remain stable. However, June is uncertain, with a slight decrease anticipated. The third quarter is typically a low season, while the fourth quarter is expected to see a rebound in demand [3]. - The company has observed a recovery in market demand this year, particularly in semi-trailers and construction machinery, compared to the previous year's low demand [3]. Group 4: Investor Relations Activity - The investor relations activity was conducted via a conference call on April 26, 2023, with key personnel from the company present to discuss the first quarter report and employee stock ownership plan [2][4]. - There were no disclosures of significant undisclosed information during the investor relations activity, adhering to regulatory requirements [4].