Core Viewpoint - The company focuses on the electric vehicle (EV) battery charging and discharging sector, emphasizing technological innovation and market expansion, particularly in the EV industry, while maintaining a strong commitment to research and development [5][21]. Company Overview - The company has established itself in the battery charging and discharging field, aligning with the growth of the EV market through continuous investment in technology and product development [5]. - The main products include on-board chargers (OBC), DC/DC converters, and various power modules for both vehicle-mounted and non-vehicle applications [7]. Business Model - The company employs a research and development model that combines market-driven technology trends with customized product development, ensuring alignment with customer needs and industry advancements [8][9]. - The procurement strategy is based on sales forecasts, ensuring a stable supply chain through a qualified supplier list [10]. - The production model is also sales-driven, adapting to customer orders and forecasts to optimize production efficiency [11][12]. - The sales approach is direct, focusing on collaboration with EV manufacturers and providing after-sales services [13]. Core Competitiveness - The company maintains a strong focus on technological innovation, with a significant R&D budget of 200.08 million yuan in 2024, and a dedicated team of 813 employees, representing 49.3% of the workforce [14]. - The R&D efforts are recognized by various awards from clients and government bodies, highlighting the company's innovation capabilities [15]. - The company has established a comprehensive testing system and advanced laboratory facilities to ensure product quality and compliance with international standards [16][18]. - Automation in manufacturing processes enhances production efficiency and product consistency, addressing the challenges of custom product requirements [19]. Business Performance - In the reporting period, the company achieved a revenue of 1.9338425 billion yuan, reflecting a year-on-year growth of 5.38%, with a net profit of 94.6052 million yuan [21]. - The domestic EV market saw significant growth, with production and sales reaching 12.888 million and 12.866 million units, respectively, marking increases of 34.4% and 35.5% year-on-year [22]. - The company has successfully established partnerships with major domestic and international automotive brands, enhancing its market presence [23][20]. Strategic Developments - The company has made significant progress in platform-based product development, achieving a 30% reduction in product size and a 10% decrease in component count compared to previous models [24]. - Efforts in lean production and automation have led to improved production efficiency and reduced labor costs, with ongoing construction of overseas factories to meet international demand [24]. - The company is advancing its information technology systems to enhance operational efficiency and support strategic goals [25].
浙江富特科技股份有限公司2024年年度报告摘要