Ju Chao Zi Xun·2025-05-22 11:02Core Viewpoint - Zhejiang Shibao has established a solid foundation in the field of steer-by-wire technology, with multiple mainstream automakers already engaged in project development, and the first mass production expected as early as 2026 [2] Group 1: Financial Performance - In Q1 2025, the company achieved revenue of 718 million yuan, representing a year-on-year increase of 45.47%, and a net profit attributable to shareholders of 48.735 million yuan, up 123.77% year-on-year [2] - The growth in Q1 performance is primarily attributed to the concentrated delivery of previous orders and an increased proportion of electric and intelligent products, with a balanced customer structure [2] Group 2: Cost Management and Strategy - The company is enhancing its cost control capabilities through systematic cost reduction measures, including organizational optimization, modular product design innovation, and strategic procurement collaboration [2] - Financial targets will be disclosed in periodic reports [2] Group 3: Industry Outlook and Product Development - The transition to new energy and intelligent vehicles in the commercial vehicle sector is creating structural growth opportunities [2] - The company’s self-developed electric and hydraulic steering systems are expected to drive the growth of its commercial vehicle business through technological advantages [2] Group 4: Future Performance Expectations - Future revenue growth in 2025 is anticipated to benefit from increased industry demand and enhanced product competitiveness [3] - The company plans to focus on the construction of production lines for electric and intelligent products, adhering to a production strategy of "sales-driven production with moderate foresight" [3]