Camel Group(SH:601311) Chang Jiang Shang Bao·2025-04-28 00:26Core Viewpoint - Camel Group, a leading company in the automotive low-voltage battery industry, aims to achieve a revenue target of 20 billion yuan by 2025, leveraging its dual strategy of low-voltage lead-acid and lithium batteries [1][5]. Financial Performance - In Q1 2025, the company reported a revenue of 4.136 billion yuan, a year-on-year increase of 19.74%, and a net profit attributable to shareholders of 237 million yuan, up 51.89% [1][3]. - For the full year 2024, Camel Group achieved a revenue of 15.592 billion yuan, representing a 10.75% increase, and a net profit of 614 million yuan, which is a 7.26% growth [1][2]. Market Position and Strategy - Camel Group maintains its leading position in the domestic automotive low-voltage lead-acid battery market, with a 10.69% increase in sales volume in 2024, totaling 38.3008 million kVAh [2][3]. - The company has secured 54 projects for fuel vehicles and 18 for new energy vehicles, with clients including high-end brands like BMW and Audi, as well as new energy vehicle manufacturers like Xiaomi and Seres [1][2]. International Expansion - In 2024, Camel Group expanded its international presence by developing 60 new customers and extending its business to 117 countries and regions, resulting in a 68.49% increase in overseas sales [3][4]. - The company aims to achieve over 10 billion yuan in overseas revenue by 2030, focusing on building a global market presence [4][5]. Historical Development - Camel Group originated from a small repair shop in Hubei and has evolved into a significant player in the battery industry, transitioning to a private enterprise and listing on the Shanghai Stock Exchange in 2011 [4][5]. - The company has consistently improved its ranking in the "Top 500 Private Enterprises in China," moving from 456th in 2020 to 336th in 2024, reflecting its stable market competitiveness [5].