Tianrun Industry Technology (002283.SZ): The main products produced are crankshafts and connecting rods, which are mainly supplied to engine manufacturers.
Tianrun Industry Technology (002283.SZ) stated on the investor interaction platform on July 19 that the company's main products, namely crankshafts and connecting rods, are mainly supplied to engine manufacturers. They are assembled into vehicles, ships or generators by the main manufacturers, and we cannot obtain detailed information on the specific assembly situation. The castings produced by the company include industrial robot castings such as turntables, bases, and rocker arms, both in the form of blanks and finished products. In the future, the company will closely follow the supporting requirements of its major customers, consolidate deep-level cooperation with its customers, and actively seek development.
Tianrun Industry Technology (002283.SZ): The company's air suspension business income has been increasing year by year.
On July 16, Gelunhui reported that Tianrun Industry Technology (002283.SZ) stated on the investor interaction platform that the company's air suspension business revenue from 2020-2023 is 57.6685 million yuan, 203.6595 million yuan, 196.8007 million yuan, and 274.1959 million yuan, respectively. Overall, the company's air suspension business revenue is increasing year by year. In 2020 and 2021, the switch from National V to National VI ahead of schedule overdrew the sales volume of heavy trucks, leading to a decrease in sales volume of heavy trucks in the following period. Since the second half of 2021, the industry's business outlook has not been high, and the progress of the entire industry's air suspension promotion has slowed down, and air suspension in the market.
Tianrun Industry Technology (002283.SZ): Our products cover heavy-duty engine crankshafts, medium-sized engine crankshafts, air suspensions, etc.
Tianrun Industry Technology (002283.SZ) stated on the investor interaction platform on July 16th that the company's products cover heavy-duty engine cranks, medium-sized engine cranks, light-duty engine cranks, passenger vehicle engine cranks, marine cranks, connecting rods, castings, forgings, air suspensions, etc. The company's revenue is not only related to heavy trucks. The heavy truck market has risen in the first quarter, but the light truck market has declined and the casting and forging market has declined with the overall economic downturn, resulting in a slight decrease in revenue overall.
Tianrun Industry Technology (002283.SZ) has repurchased 0.8348% of its shares.
On July 1st, Gelunhui reported that Tianrun Industry Technology (002283.SZ) repurchased a total of 9,511,650 shares of the company through a repurchase special securities account in a centralized bidding trading manner, which lasted until June 28, 2024 (June 29 and June 30, 2024 were non-trading days). This accounts for 0.8348% of the company's current total share capital, with a maximum transaction price of 5.88 yuan/share, a minimum transaction price of 4.81 yuan/share, and a total transaction amount of 50,935,803.50 yuan (excluding transaction fees).
These 4 Measures Indicate That Tianrun Industry Technology (SZSE:002283) Is Using Debt Safely
Tianrun Industries (002283.SZ): Yu Shuming is no longer a concerted actor of Tianrun United
Gelonghui, May 16 | Tianrun Industrial (002283.SZ) announced that it recently received written notices from Tianrun United Group Co., Ltd. (“Tianrun United”), the controlling shareholder of the company, and Yu Shuming, shareholder, that Yu Shuming and Tianrun United no longer have a statutory concerted action relationship, and Yu Shuming is no longer a concerted actor of Tianrun United. Due to reaching the legal retirement age, Yu Shuming resigned from all positions at Tianrun United and its subsidiaries, and Tianrun United and its subsidiaries have completed the relevant industrial and commercial change registration procedures. Yu Shuming and Tianrun United no longer have a statutory concerted action relationship, and Yu Shuming is no longer Tianrun United
CICC: Overseas export business drives profit flexibility, revives and boosts the boom in heavy natural gas trucks
According to the China Automobile Association, the wholesale sales volume of heavy trucks in 1Q24 was 272,000 units, +12.9%/+33.3% year-on-month, and the industry's “good start” was realized during the seasonal peak season.
Tianrun Industrial (002283.SZ): A total of 0.83% shares have been repurchased
Gelonghui, May 6, 丨 Tianrun Industrial (002283.SZ) announced that as of April 30, 2024, the company had repurchased a total of 9,511,650 shares of the company's shares through a special securities repurchase account, accounting for 0.8348% of the company's current total share capital. The highest transaction price was 5.88 yuan/share, the minimum transaction price was 4.81 yuan/share, and the total transaction amount was 50,935,803.50 yuan (excluding transaction fees).
Tianrun Industrial (002283.SZ) reported first-quarter results, net profit of RMB 925261 million, a year-on-year decrease of 11.80%
According to the Zhitong Finance App, Tianrun Industrial (002283.SZ) released its report for the first quarter of 2024, with revenue of 963 million yuan, a decrease of 2.27% over the previous year. Net profit attributable to shareholders of listed companies was RMB 925261 million, a year-on-year decrease of 11.80%. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 93.9527 million yuan, a year-on-year decrease of 5.09%. Basic earnings per share were $0.08.
Tianrun Industry Technology's (SZSE:002283) Five-year Earnings Growth Trails the Respectable Shareholder Returns
Tianrun Industrial (002283.SZ): 2023 equity distribution 10 distribution of 2.3 yuan, share registration date April 25
Gelonghui, April 18 | Tianrun Industrial (002283.SZ) announced that the company's 2023 equity distribution plan is to distribute RMB 2.300,000 (tax included) to all shareholders for every 10 shares based on the company's current total share capital excluding 1,131,125,278.00 shares after excluding 8,331,900.00 shares that have already been repurchased. The share registration date for this equity distribution is April 25, 2024, and the ex-dividend date is April 26, 2024.
Tianrun Industrial (002283.SZ): Casting products include rough castings and finished products for industrial robots such as turntables, bases, and rockers
Gelonghui April 3 丨 Tianrun Industrial (002283.SZ) held a performance briefing on April 3, 2024 to discuss “Can the company's products be used in humanoid robots? Are there any corresponding business developments in this direction?” The company replied that the company's casting products include rough castings and finished products for industrial robots such as turntables, bases, and joysticks, and that the company's production and operation will also involve the application of industrial robots. However, the company's products cannot be used in humanoid robots.
Tianrun Industrial (002283.SZ): By the end of 2023, the company's production line automation coverage rate reached 82%
Gelonghui April 3 丨 Tianrun Industrial (002283.SZ) held a performance briefing on April 3, 2024 to discuss “How intelligent is the company's production line?” The company replied that by the end of 2023, the automation coverage rate of the company's production line had reached 82%.
Tianrun Industrial (002283.SZ): Among commercial vehicle crankshafts, the market share of heavy engine crankshafts is about 60%
Gelonghui, April 3, 丨 Tianrun Industrial (002283.SZ) held a performance briefing on April 3, 2024 to discuss “What is the current domestic market share of commercial vehicle crankshaft companies?” The company replied that among commercial vehicle crankshafts, the market share of heavy engine crankshafts is about 60%; the share of diesel light engine crankshafts is about 40%.
Tianrun Industrial (002283.SZ): Passenger cars will invest in three new production lines this year, which are expected to be delivered by the end of the year
Gelonghui April 3 丨 Tianrun Industrial (002283.SZ) held a performance briefing on April 3, 2024 to discuss “Are there any new initiatives to open up the market for suspension products this year?” The company replied that the air suspension business made a detailed annual plan at the beginning of this year. Among them, commercial vehicles are divided into two categories: original customers and newly developed customers, and passenger cars mainly develop customers and products, and revenue is concentrated in overseas aftersales markets. Three new passenger car production lines will be built this year, and delivery is expected by the end of the year.
Tianrun Industrial (002283.SZ): Passenger cars in the suspension business are currently mainly exported to the aftermarket
Gelonghui April 3 丨 Tianrun Industrial (002283.SZ) held a performance briefing on April 3, 2024, to discuss “Is there mass production of air suspensions for passenger cars? When will the commercial vehicle steering gear business be able to supply customers next year?” The company replied that in the company's suspension business, passenger cars are currently mainly exported to the aftermarket. Commercial vehicle steering systems will have customers in the second half of next year, generating revenue.
Tianrun Industrial (002283.SZ): Has repurchased a total of 0.73% of shares
Gelonghui, April 1, 丨 Tianrun Industrial (002283.SZ) announced that as of March 29, 2024 (March 30, 2024, March 31, 2024 are non-trading days), the company has accumulated 8,331,900 shares of the company's shares through a dedicated repurchase securities account, accounting for 0.7312% of the company's current total share capital. The maximum transaction price is 5.88 yuan/share, and the minimum transaction price is 4.81 yuan/share, and the total transaction amount is 44,877,966.00 yuan (excluding transaction fees).
Tianrun Industrial (002283.SZ): Products are mainly crankshafts and connecting rods for medium to heavy engines and light engines
Gelonghui, March 26 | Tianrun Industrial (002283.SZ) said on the investor interactive platform that our products are mainly medium to heavy engines, light engine crankshafts, and connecting rods; in 2023, the company's export business achieved revenue of 789 million yuan, accounting for 19.7% of the company's revenue. The export products are mainly sold to Germany, France, the United Kingdom, the United States, Brazil, South Korea, Japan, Argentina, Mexico and other countries, to customers in the fields of heavy trucks, construction machinery, agricultural machinery, etc., of which the revenue from products exported to the US accounts for about 15% of export revenue. According to related news reports, “The worst automobile emissions in US history
Tianrun Industrial (002283.SZ): Domestic mainstream commercial vehicle engine customer support rate reached more than 95%
Gelonghui March 21丨Tianrun Industrial (002283.SZ) held a conference call on March 20, 2024 to discuss “What are the company's main current major customers, and how much do the top five customers account for revenue?” The company replied that the company's domestic mainstream commercial vehicle engine customer support rate has reached more than 95%. The company's largest customer is Weichai. Nearly one-third of the company's revenue comes from the Weichai series. Cummins' supporting business revenue accounts for about 20% of total revenue, and the largest export customers include Daimler, Volvo, Cummins, and Carter.
Tianrun Industrial (002283.SZ): In the second half of this year, it will invest in the construction of new passenger car air springs, CDC shock absorbers, and CDC solenoid valve assembly lines
Gelonghui March 21丨Tianrun Industrial (002283.SZ) held a conference call on March 20, 2024 to discuss “What is the approximate capital investment of the company's passenger car air suspension business?” The company replied that in the second half of this year, the company will invest in the construction of a new assembly line for passenger car air springs, CDC shock absorbers, and CDC solenoid valves. The total investment is about 100 million yuan.
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