【私募调研记录】源乐晟资产调研富临精工

Core Insights - Source Le Sheng Asset Management has conducted research on a listed company, Fulin Precision, indicating a positive outlook for its new energy component business in 2024, with steady growth expected in smart electric control systems and electric drive systems [1] - The company has secured multiple projects with various automotive manufacturers for new product deliveries, particularly in lithium battery cathode materials, driven by increased demand in the new energy consumer market [1] - Fulin Precision has successfully turned its lithium iron phosphate business profitable in Q1, with expectations for improved profitability in Q2 due to increased production and sales [1] Company Overview - Fulin Precision is focusing on upgrading from traditional precision machining to smart electric control and mechatronics by 2025, aiming to enhance its research and manufacturing capabilities in robotic electric joints [1] - The company has developed various components with annual production capacities, including electric drive reducers, electromagnetic valves, and electronic water pumps [1] - The new generation of high-density lithium iron phosphate materials is progressing well, with the fourth generation already in mass production and the fifth generation under development [1]