Core Viewpoint - The company focuses on the research, production, and sales of automotive cables, serving as a secondary supplier in the automotive supply chain, and has achieved compliance with various international standards [2][4]. Company Overview - The company is primarily engaged in the research, production, and sales of automotive cables, providing supporting services to primary suppliers after obtaining product certification from automotive manufacturers [2]. - The company's products meet multiple international standards, including those from Germany, Japan, the USA, and China, and can also satisfy specific technical requirements from clients [2]. Product Categories - Automotive cables produced by the company can be categorized based on application: - Standard Cables: Low-cost and simple processing, widely used in various vehicles [3]. - New Energy Cables: Essential for electric power and control signal transmission in new energy vehicles, featuring high pressure and temperature resistance, aging resistance, and strong electromagnetic shielding [4]. - Data Cables: Used for transmitting electronic data, increasingly important with the rise of automotive intelligence, applicable in displays, cameras, and radar systems [5]. Financial Data and Indicators - The company has not needed to restate or adjust previous years' accounting data [6]. - The company has approved a profit distribution plan, proposing a cash dividend of 3 yuan per 10 shares and a capital reserve conversion of 4 shares for every 10 shares held [1]. Important Events - The company plans to issue 5.29 million convertible bonds with a total value of 529 million yuan, set to be listed on February 1, 2024 [7]. - The initial conversion price for the bonds is set at 49.01 yuan per share, which will be adjusted to 41.43 yuan per share following board resolutions [8]. - The company has established subsidiaries in North America and Mexico to enhance its overseas business and meet local customer demands [11].
宁波卡倍亿电气技术股份有限公司2024年年度报告摘要