苏奥传感：新能源业务释放新活力 产业链纵深整合进一步塑造核心竞争力

Core Insights - The company, Suo Sensor, reported a revenue of 1.67 billion yuan in 2024, representing a year-on-year growth of 48.87%, and a net profit of 138 million yuan, up 11.31% year-on-year [1] - The company plans to distribute a cash dividend of 0.6 yuan per 10 shares to all shareholders, totaling 47.79 million yuan [1] Business Performance - Suo Sensor has established a diversified product matrix covering four core segments: sensors and components, fuel system accessories, automotive interior parts, and new energy components [2] - Revenue from new energy components reached 254 million yuan in 2024, marking a significant year-on-year increase of 102.84% [2] - The automotive sensor and components business and fuel system accessories also saw revenue growth of 16.57% and 5.9%, respectively [2] R&D and Innovation - The company invested approximately 60.64 million yuan in R&D, accounting for 3.63% of its revenue, and holds a total of 192 patents, including 25 invention patents [3] - Suo Sensor has developed a domestically produced MEMS pressure sensor for large-scale applications, achieving quality comparable to imported counterparts [3] - The company’s self-developed current sensors and eddy current sensors have shown significant performance improvements, supporting the trends in new energy and intelligent vehicles [3] Supply Chain and Strategic Initiatives - The company is optimizing its supply chain management through vertical integration of suppliers, which lowers procurement costs and enhances self-manufacturing rates [4] - In 2024, Suo Sensor successfully acquired a controlling stake in Bonair, enhancing its product structure in the automotive parts industry [5] - The acquisition allows for collaborative development across multiple modules, increasing market share and business scale [5] Product Development and Market Position - Suo Sensor has expanded its product lines to include DPF differential pressure sensors and current sensors, promoting synergy among its sensor, new energy, and thermal management systems [6] - The company’s sensors for hybrid systems have passed tests by leading automotive manufacturers, with several products becoming standard offerings [7] - The development of new sensor products based on MSG technology has improved cost efficiency and performance, enhancing the company's application scenarios in thermal management [7]