ECHOM(SZ:002420) Xin Lang Cai Jing·2025-08-25 10:26Core Viewpoint - Guangzhou Yichang Technology Co., Ltd. held an online earnings briefing on August 25, 2025, addressing investor concerns regarding its new energy projects, accounts receivable management, and the divergence between net profit and revenue growth [1] Group 1: New Energy Projects - The main clients for Yichang Technology's new energy segment include industry leaders such as CATL and Zhongchuang Innovation [1] - The company aims to strengthen its position as a one-stop solution provider in battery thermal management components and energy storage system PACK structure components, but did not provide revenue forecasts for new projects [1] Group 2: Accounts Receivable Management and Cash Flow - The company is enhancing its accounts receivable tracking and monitoring to ensure normal levels of cash recovery [1] - An accounts receivable management team has been established to address abnormal receivables, employing various collection methods [1] - Continuous improvements in cash flow forecasting, budget management, and cost control are being implemented to optimize cash flow [1] Group 3: Profit and Revenue Divergence - In the first half of 2024, a subsidiary initiated bankruptcy proceedings, leading to a recognition of 28.07 million yuan in investment income due to prior excessive losses being reversed [1] - The company recorded stock incentive plan expenses of 3.31 million yuan in the first half of 2024 and 9.42 million yuan in the first half of 2025 [1] - Excluding these factors, the net profit after deducting non-recurring gains and losses increased by 27.97% year-on-year in the first half of 2025, indicating a substantial improvement in core business profitability and sustainable profit sources [1] Group 4: Stock Performance - The company noted that stock price fluctuations are influenced by macroeconomic conditions and market sentiment [1] - Yichang Technology emphasizes long-term returns for shareholders and aims to enhance operational management to deliver better performance for investors [1] Group 5: New Energy and Automotive Business Development - In the first half of 2025, the new energy segment generated revenue of 402 million yuan, a year-on-year increase of 177.09% [1] - The automotive segment achieved revenue of 507 million yuan, although the announcement did not specify whether the revenue share has increased [1]