Summary of duties

Tianrui Automobile Company is one of the leading manufacturers of heavy-duty card products in China. The products of the collection mainly include all kinds of automobile internal parts used for heavy-duty trucks or passenger safety equipment, and then include external parts. The collection company provides customized design and development solutions according to the customer's functional specifications and external requirements for automotive internal products. The customers of the collection include card and passenger car manufacturers, as well as the manufacture and sale of auto parts, as well as other customers who operate automobile repair shops. In addition, according to the sales statistics of heavy card products, Jichang is the largest manufacturer of heavy card products in northwest China (62.7% in 2017) and the third largest in China (10.8% in 2017). According to the sales statistics of automotive domestic products, the market is the second largest manufacturer of automotive domestic products in northwest China (15.6% in 2017) and the 14th largest in China (0.4% in 2017).

Thank you very much.

Market is the largest manufacturer of heavy card internal parts in northwest China, occupying a leading position in the market.

The strategic position of the market enables it to pick up many automobile revamps, enjoy the preferential policies of Xi'an in Shanxi Province, and take advantage of the opportunities brought about by the growth of the regional market in northwest China.

The R & D capability of the collection company can be used to design and develop new products for customers, and establish a solid relationship with customers.

Negative factor

The decrease or loss of any business related to any major customer may have a significant adverse effect on the business, business conditions and business performance of the collection.

It depends on the benefits enjoyed by the automobile and domestic products industry, and face-to-face publicity may have an adverse effect on the sales of the market.

Collectors may not be able to maintain the growth in revenue and profitability realized during the previous financial period.

The purpose of the income

About 42.3% is used to increase the production capacity and output of the collection.

About 17.5% is used for repayment.

About 14.5% is used to improve the R & D capacity of the collection plant.

About 10.8% is used to improve and improve the product supply of Dazhong.

About 4.8% is used to set up new stations and databases.

About 10.1% is used for general financial assistance.