【私募调研记录】复胜资产调研江苏雷利

Group 1 - The core viewpoint of the news is that Jiangsu Leili and Dingzhi Technology are focusing on product development and market expansion despite facing challenges in revenue and profit growth [1] - Jiangsu Leili is projected to achieve a revenue of 3.519 billion yuan in 2024, representing a year-on-year growth of 14.38%, while its net profit is expected to decline by 7.14% to 294 million yuan [1] - The automotive parts segment of Jiangsu Leili is performing well, with significant revenue growth from new products such as laser radar motors and head-up display motors [1] Group 2 - Dingzhi Technology is expected to generate a revenue of 224 million yuan in 2024, which is a decrease of 20.80% year-on-year, but anticipates substantial growth in revenue and profit in the first quarter of 2025 [1] - Dingzhi Technology's product offerings in the industrial control sector include brushed and brushless hollow cup motors, and the company is establishing a joint venture to focus on low-voltage micro servo controllers [1] - Both companies are mitigating the impact of tariff policy changes through overseas capacity construction and global sales networks, with Jiangsu Leili also advancing its product development in laser radar and electric steering systems [1]