Optimistic about the domestic auto mold refinance overseas m
2021-08-26 09:31:01
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Automobile mold industry transfer to China and import substitution trend is very clear, the ball automotive die-casting mold market space more than 100 billion yuan, the company's current income is less than 2 billion yuan, is typical of large industry of small companies. Despite the current decline in domestic car sales growth, but with the new car development to accelerate the frequency of (future rapid development of new energy vehicles will drive models or later), the car dies overseas market import substitution and industrial transfer, product demand is still expected to maintain a relatively high growth speed. With the domestic and overseas customers to upgrade production technology continue to expand and export business space is huge.
Overseas layout expected larger US market as an important base for global automotive production, will also be the focus of the company's future layout, it will help the company to further enhance its global market share and profitability.
The company intends to refinance more than 400 million yuan, the project for the development of progressive die, progressive die as the current mold industry-leading technology, can greatly improve production efficiency. The company is currently the only manufacturer of the mold own brands, the latter with the gradual production company projects, production capacity and competitiveness is expected to significantly increase. With the implementation of convertible bonds will help enhance the company's motivation and operational efficiency.
Automotive industry slowdown, if a substantial decline in vehicle sales, auto parts enterprises will be conducting; the company has gradually increased the proportion of export revenue, has more than 40%, most of the export business in US dollars, euro settlement, subject to exchange rate fluctuations a greater impact if the global economic instability caused by exchange rate fluctuations, the company will impact the profitability of export business; the company's core business - the main raw material production is the automotive die cast iron, accounting for about 25% of the cost of production for automobile molds, raw material prices volatility in the procurement and production period, will affect the company's profitability.
