SENSSUN(002870) 全景网·2025-03-31 01:29Core Insights - In 2024, Xiangshan Co., Ltd. (002870.SZ) achieved a revenue of 5.902 billion yuan and a net profit attributable to shareholders of 155 million yuan, showcasing a robust financial foundation and innovative strategic layout for high-quality development [1] - The company has established a global presence with R&D centers in China, Germany, and North America, and 15 production bases, enhancing its international competitiveness and providing substantial returns to investors [1] - Xiangshan Co. is focusing on the trillion-yuan market, accelerating global market penetration and ecosystem integration, particularly in smart cockpit, intelligent cleaning systems, and new energy charging and distribution sectors [1] Business Performance - Subsidiary Junsheng Qunying specializes in the design, development, manufacturing, and sales of smart cockpit components and new energy charging and distribution systems, serving as a global tier-one supplier for numerous well-known automotive brands [2] - Junsheng Qunying's air management system has ranked first in domestic market share and second globally from 2019 to 2023, and has been recognized as a national champion product [2] - The company is expanding its product range in the new energy charging and distribution system sector, responding to national calls for low-altitude economy development, and has secured production rights for Xiaopeng's flying car project [2] R&D and Strategic Initiatives - To support high-quality development, the company increased its R&D investment to 539 million yuan in 2024, a year-on-year growth of 17.75%, and has obtained over 600 authorized patents [3] - Junsheng Electronics became the controlling shareholder in 2024, enhancing strategic synergy and overall competitiveness, with plans to increase its stake in the company by 150 to 250 million yuan [3] - The company aims to drive its strategic layout in smart cockpit and new energy vehicle supply chains through the support of its controlling shareholder, while continuing to promote "Chinese manufacturing" on the global stage [3]