Tianrun Industry: The development direction of robots is a key focus for the company in seeking new business segments in the future

In response to the question "Is the company considering entering the robotics industry?", Tianrun Industry stated in a conference call on March 28 that the market share of its crankshaft and connecting rod business is already quite high. The company has made arrangements in the chassis business in the early stages, and its electric steering business for commercial vehicles is also in incubation and layout. From a financial perspective, the company's debt-to-asset ratio is very low, and it has ample funds. The company is still looking for other business segments, mainly focusing on industries that are synergistic with its business, such as the automotive-related industry and high-end manufacturing industry, as the company has the capability for automation transformation and relevant machine tool manufacturing capabilities. Robotics can be classified under high-end manufacturing, and the company has used a large number of industrial robots in its automated production. It has some technical reserves in the application transformation and upgrading of industrial robots, and the development direction of robotics is also a key focus for the company in seeking new business segments in the future