Kaizhong Co., Ltd. fully resumed production and Nantong plant is expected to be put into operation in the fourth quarter of this year

On June 2, Kaizhong Co.
, Ltd.
held the 2021 annual and 2022 first quarter performance briefing meeting
.
Yang Jiangang, the chairman of the company, attended the meeting with the chief financial officer, the secretary of the board of directors Huang Hai and the independent director Zhang Jie, and made a positive response to the concerns of investors
.

In 2021, the company will achieve an operating income of 548 million yuan, a year-on-year increase of 10.
92%; the net profit attributable to shareholders of the listed company is 84.
218 million yuan, a year-on-year increase of 1.
81%; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses is 79.
5497 million yuan , a year-on-year increase of 17.
63%
.

The company revealed that in 2022, the Shanghai epidemic will have a greater impact on the entire automotive industry.
As one of the first batch of white-listed companies to resume production, the company has resumed production in mid-May, and has now fully resumed production
.
In addition, the Nantong plant is currently in the final stage of construction and is expected to be put into operation in the fourth quarter of this year
.
In addition, the company's existing core products still have a large market space.
Focusing on the business philosophy, the company strengthens its core competitiveness by increasing product market and R&D investment, and the existing business will continue to grow accordingly
.

The company said that China's new energy vehicle market structure has undergone major changes, and the market share of Tesla's new energy vehicles has increased significantly.
The company has been closely monitoring this change
.
The company attaches great importance to the cooperation and exchanges with new energy vehicles including Tesla, and pays attention to the development of new energy leading enterprises such as Tesla
.
Due to the client's confidentiality requirements, it is inconvenient to disclose the specific situation to the public
.

According to the data, Kaizhong Co.
, Ltd.
is a high-tech enterprise focusing on the research, development, production and sales of polyurethane products and pedals in the field of automotive suspension.
At present, the company has subsidiaries in Detroit, China, Luoyang, China, and Chongqing, China.
It has also started the establishment of a German subsidiary and a production base in Mexico
.

It is understood that among the polyurethane shock absorbing element products produced by the company, the buffer blocks, spring pads and shock absorbing supports have sufficient competitiveness, and the product technology level is in the leading position in the industry.
Second
.
In recent years, it has gradually emerged in the international market, and has successively won designated nominations from customers such as Porsche, Audi, Tesla, rivian, ford, stellantis, etc.
Kaizhong is also a supplier of tk bilstein, and its brand awareness and customer recognition have been continuously improved.

.
At the same time, the company has also achieved a certain market share in the field of brake pedal business
.