The company's products are widely used in the automotive industry, providing motor products to many internationally renowned automotive companies, such as Lear, Kongsberg, and Forgia. The three major customers are all Fortune 500 companies, accounting for 50% of the company's current sales. In recent years, the company has vigorously expanded its domestic business and cooperated with multiple domestic enterprises. Some projects will also be put into operation gradually in 2025.
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The motors produced by the company are also widely used in the field of smart homes, currently mainly for export. The largest customer among them is the French Shangfei Group, a Fortune 500 company in Europe, which provides ultra quiet electric roller shutter motors that account for 15% of the company's current sales.
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Changzhou is a processing base for the medical stapler market, with increasing demand for staplers both domestically and internationally. Technological innovation in motor products is rapid, and market competition is fierce. We need to improve our quality and service to seize market share.
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At present, Hubei Hangte Group, the largest motorcycle brake system customer of the company, is a state-owned enterprise and the largest motorcycle brake system manufacturer in China, with a market share of over half This market is currently developing rapidly and has great potential with the launch of electric motorcycles It's our new market.
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