Langbo Technologies(SH:603655) Zhong Guo Zheng Quan Bao·2025-08-19 22:21Core Viewpoint - The company, Langbo Technology, is experiencing significant growth in net profit, outpacing revenue growth, particularly in the context of the booming electric vehicle market, driven by its strong product offerings in rubber sealing components [2][3]. Group 1: Financial Performance - In 2023 and 2024, net profit growth rates are expected to exceed revenue growth, with a projected 60.18% year-on-year increase in net profit in the first half of 2025, alongside an 18.03% revenue growth [2]. - The company has successfully achieved continuous "double growth" in performance due to its technological advancements and customer loyalty [2]. Group 2: Product Offerings and Market Position - Langbo Technology specializes in rubber sealing components, including O-rings, seals, and hub assemblies, which are critical for automotive air conditioning, power, and braking systems [3]. - The company has established itself as a leader in the rubber sealing component market, particularly benefiting from the rise of electric vehicles, which has increased demand for its products across various systems [3][6]. Group 3: Automation and Efficiency - The company has invested in automation equipment to enhance production efficiency, including new machines for O-ring projects and other production lines, leading to improved production processes and product quality traceability [4]. - Automation efforts are aimed at increasing production levels while maintaining high product standards, which is crucial for meeting the stringent reliability requirements of automotive sealing components [4][6]. Group 4: Customer Relationships - Maintaining strong customer relationships is key to the company's market leadership and profitability, with long-term partnerships established with major automotive air conditioning system manufacturers [5]. - The company emphasizes rapid response to customer needs by offering a variety of product options tailored to specific requirements, which strengthens customer loyalty [6]. Group 5: Strategic Focus and Development Philosophy - The company adopts a "small but beautiful" approach, focusing on steady growth and core business operations without engaging in blind investments or expansions [7]. - Emphasizing a people-oriented philosophy, the company aims to enhance employee satisfaction while improving efficiency through automation, ensuring that staff can focus on creative tasks [7]. Group 6: Research and Development - Langbo Technology places a strong emphasis on research and development, maintaining high-quality testing and processing equipment, and has developed thousands of rubber compound formulas suitable for various applications [8]. - The company's robust R&D capabilities enable it to optimize existing formulas and create new ones, supporting its diverse product range [8].