Pros and cons of Fuyao's single industry layout

The advantages and disadvantages of its single-industry layout are as follows:

1. Advantages: Focusing on a single industry can enable the company to better grasp the industry development trend and technological changes, and improve the core competitiveness of the company. A single-industry layout enables the company to focus more on its own core business, improve the efficiency of production and product quality, reduce costs, and improve profitability.

2. Disadvantages: single industry layout is susceptible to market fluctuations, which may lead to a lack of diversified sources of income, once the main business problems, the survival and development of the enterprise will face greater risks.