SHBT(SH:603009) Chang Jiang Shang Bao·2025-06-30 00:17Core Viewpoint - Beite Technology (603009.SH) is seizing opportunities in the humanoid robot development sector by announcing a private placement plan to raise up to 300 million yuan for the construction of a production base in Thailand, which aims to achieve an annual production capacity of 800,000 sets of planetary roller screws [1][2]. Group 1: Fundraising and Project Details - The company plans to issue shares to no more than 35 specific investors, with the total fundraising amount not exceeding 300 million yuan, which will be fully allocated to the first phase of the Thailand screw production base project [2]. - The total investment for the project is 349 million yuan, with a construction period of two years, located in the Longyan Industrial Park in Thailand [2]. - The project aims to enhance the company's growth trajectory and create new profit growth points while promoting technological advancement and increasing market share for domestic planetary roller screw products [2]. Group 2: Business Transformation and Market Position - Beite Technology is transitioning from a single automotive parts supplier to a dual-driven model of "automotive + robotics," focusing on expanding its product offerings, particularly in screws [1][3]. - The company has established a strong position in the automotive chassis parts industry and is recognized for its high-quality solutions in the commercial vehicle air conditioning compressor sector [4]. Group 3: Financial Performance and R&D Investment - The company has shown steady growth in its financial performance, with a reported revenue of 2.024 billion yuan in 2024, marking a year-on-year increase of 7.57%, and a net profit of 71.44 million yuan, up 40.43% [5]. - In the first quarter of 2025, Beite Technology achieved a revenue of 542 million yuan, reflecting a year-on-year growth of 10.73%, and a net profit of 23.06 million yuan, up 40.31% [5]. - The company has been increasing its R&D investment, with expenses rising from 69.27 million yuan in 2021 to 100 million yuan in 2024, indicating a commitment to innovation [5]. Group 4: Regional Business Performance - In 2024, Beite Technology's domestic revenue was 1.857 billion yuan, a year-on-year increase of 7.47%, while international revenue reached 138 million yuan, growing by 8.76% [6]. - The gross margin for international business was 22.47%, outperforming the domestic margin of 17.58%, highlighting the company's competitive edge in overseas markets [6].