【私募调研记录】广州雪球投资调研星云股份

Group 1 - The core viewpoint of the news is that Guangzhou Xueqiu Investment has conducted research on a listed company, Xingyun Co., which is expected to see growth in revenue and profit in Q1 2025 due to the recovery of downstream customer demand and accelerated overseas expansion [1] - Xingyun Co. has made advancements in solid-state battery technology and has completed bulk deliveries to leading battery manufacturers [1] - The new regulations on safety requirements for electric vehicle batteries are expected to enhance product quality and promote industry development [1] Group 2 - The company has implemented a 60-day payment policy to optimize cash flow within the new energy vehicle supply chain and will strengthen accounts receivable management [1] - Xueqiu, established in 2013, is known for its unique investment management approach, focusing on value investment and seeking opportunities in monopolistic companies with economic moats [2] - The firm has achieved an average annualized performance of 36% since its inception, demonstrating strong research and management capabilities [2]