曙光股份：全力开拓订单 愿与产业链优秀公司开展合作

Core Viewpoint - The company is focused on improving its operational performance and expanding its market presence, particularly in the automotive sector, while transitioning from a traditional manufacturer to a solution provider [1][2][4]. Group 1: Company Performance - In 2024, the company sold 2,907 vehicles, representing a year-on-year increase of 66.40%, and sold 916,400 axle units, up 19.57% year-on-year [2]. - The total revenue for 2024 was 1.475 billion yuan, reflecting an 8.20% year-on-year growth, while the net profit was a loss of 341 million yuan [2]. - For the first quarter of 2025, the company reported a revenue of 362 million yuan, a 1.49% increase year-on-year, with a net loss of 72.78 million yuan [3]. Group 2: Market Strategy - The company is targeting key strategic markets for its bus and pickup products, including Africa, the Middle East, Central Asia, South America, East Asia, and South Korea [2]. - The sales model for pickups is primarily through dealers, while buses are sold directly, with after-sales service managed by the company [2]. - The company aims to reshape its supply chain and value chain, focusing on core products and business to achieve sustainable development [2]. Group 3: Partnerships and Collaborations - The company has signed a project cooperation agreement with Geely and Dandong Guotou to promote the development of the vehicle and parts industry, focusing on hydrogen fuel cell vehicles and green transportation [4]. - The company emphasizes an open and win-win philosophy, welcoming collaboration with outstanding companies in the industry chain [4]. Group 4: Capital Raising - The company plans to issue A-shares to its actual controller, Liang Zi, to raise no more than 339 million yuan for working capital [4]. - This issuance is expected to increase the actual controller's shareholding, thereby stabilizing control and improving the company's financial situation [4][5].