Kaizhong Precision(SZ:002823) Chang Jiang Shang Bao·2025-08-15 00:15Core Viewpoint - The company, Kaizhong Precision, is advancing its overseas expansion strategy by planning to establish a subsidiary and new production base in Thailand with an investment of up to 250 million RMB, reflecting its commitment to enhancing its global footprint and meeting local operational needs [1][3]. Financial Performance - In 2024, Kaizhong Precision's overseas revenue is projected to reach 1.592 billion RMB, accounting for 52.19% of total revenue, highlighting its significance as a key performance driver [2][4]. - The company anticipates a net profit of 101 million to 120 million RMB for the first half of 2025, representing a year-on-year growth of 30.63% to 55.21% [2][5]. Business Strategy - Kaizhong Precision focuses on high-growth sectors such as new energy vehicles and intelligent driving, aiming to deepen global customer collaborations and strengthen its core technological competitiveness [2][6]. - The company maintains long-term stable partnerships with major clients, including Daimler, Toyota, Bosch, and Denso, and has established multiple sales and R&D centers in China and abroad [3][4]. Investment and Development - The planned investment in Thailand will support the company's strategic layout for overseas precision components, including connectors, and is expected to enhance its ability to respond to macroeconomic impacts and improve overall competitiveness [3][6]. - Kaizhong Precision has consistently invested in R&D, holding over 200 domestic and international patents, and has developed expertise in various precision manufacturing technologies [6]. Financial Health - The company's asset-liability ratio has decreased from 62.06% in 2022 to 44.51% in the first quarter of 2025, indicating improved financial stability [5][6]. - Revenue figures for 2022 to 2024 show a steady increase, with revenues of 2.662 billion, 3.024 billion, and 3.050 billion RMB, respectively, reflecting a growth trend [5].