Chang Jiang Shang Bao·2025-06-25 23:48Core Viewpoint - Company plans to invest up to 200 million RMB to establish a production base in Thailand, aiming to expand its international market presence and better meet diverse overseas customer needs [1][2] Group 1: Investment and Expansion - The investment will be used for setting up companies, purchasing land, constructing factories, and procuring equipment [2] - The overseas investment is a key part of the company's international development strategy, enhancing its ability to expand overseas business and service levels [2] - Company has established technical exchanges and business expansions with several overseas clients in the new energy and energy storage sectors [2] Group 2: Financial Performance - Company has shown continuous revenue and net profit growth from 2021 to 2024, with revenues of 8.22 billion, 15.93 billion, 18.35 billion, and 21.65 billion RMB, representing year-on-year growth rates of 228.77%, 93.86%, 15.24%, and 17.94% respectively [5] - Net profits for the same period were 803.4 million, 1.55 billion, 1.98 billion, and 2.28 billion RMB, with year-on-year growth rates of 259.29%, 92.31%, 28.23%, and 14.99% respectively [5] - In Q1 2025, the company achieved revenues of 707 million RMB, a year-on-year increase of 80.3%, and net profits of approximately 71.85 million RMB, up 44.8% year-on-year [5] Group 3: Client Relationships - Company has established long-term stable relationships with several high-quality clients in various application fields, including Ningde Times, Honeycomb Energy, SAIC Times, and BYD [5][6] - A significant portion of the company's sales comes from Ningde Times, with sales to this client accounting for 68.55% of total sales in 2024 [6]