FORE(301368)2023-05-18 11:22Group 1: Financial Performance and Projections - The company is unable to disclose specific profit forecasts for 2023 due to information disclosure regulations [2] - The company plans to expand its capital scale through the capital market to enhance overall strength and maximize investor benefits [3] - The company reported a year-on-year increase in orders for the second quarter compared to the same period last year [3] Group 2: Market Position and Competition - The precision reducer market is dominated by Japanese and German brands, with leading companies holding over 60% market share [4] - The company has been focusing on technology related to harmonic reducers since 2016, anticipating significant growth in the robotics sector [4] - The company is actively enhancing its technological innovation and management strategies to cope with industry competition [3] Group 3: Product Development and Capacity - The company is upgrading its small precision reducer project, with an annual production capacity of 35,000 harmonic reducers [6] - Most production equipment for the harmonic reducer project has been installed, with some equipment expected to arrive in June-July [6] - The company plans to expand its overseas investment layout in Eastern Europe in 2023 [5] Group 4: Customer Base and Sales - Major customers include Bosch, Makita, and others, with total sales in 2022 amounting to 428.82 million yuan, of which domestic sales were 224.42 million yuan and overseas sales were 204.41 million yuan [5] - The company’s domestic sales accounted for 52.33% of total sales in 2022, while overseas sales made up 47.67% [5] Group 5: Strategic Initiatives - The company is exploring horizontal expansion into industries such as medical devices and intelligent cockpits, with positive progress reported [5] - The company has plans for future mergers and acquisitions, focusing on robotics-related fields [3] - The company enjoys tax incentives as a national high-tech enterprise [5]