XUSHENG(SH:603305) Zheng Quan Zhi Xing·2025-08-27 10:06Core Viewpoint - The company has implemented a "Quality Improvement and Efficiency Enhancement" action plan for 2024, focusing on optimizing business structure, enhancing operational quality, and ensuring sustainable development while responding to regulatory requirements and investor interests [1]. Group 1: Business Optimization and Development - The company emphasizes aluminum alloy lightweight technology, focusing on the electric vehicle sector while also exploring emerging fields such as energy storage and humanoid robots, creating a dual-driven model of "technical deepening + cross-border breakthroughs" [1]. - In the electric vehicle business, the company has strengthened its foundation through technology, products, and market strategies, covering various components from die-casting to aluminum extrusion products, thus extending its product lines towards integration and modularization [2]. - The company has developed core structural components for the energy storage sector, achieving approximately 300 million yuan in revenue in the first half of 2025, reflecting explosive growth [2]. Group 2: Global Capacity Expansion - The company has made significant progress in its globalization strategy, with key milestones achieved in its overseas bases in Mexico and Thailand, enhancing its competitiveness in lightweight and high-end manufacturing [3]. - The Mexico production base is set to commence operations in June 2025, with a focus on localizing the supply chain and enhancing production capacity through automation [3]. - The Thailand base, which broke ground in July 2025, will support the rapidly growing electric vehicle and high-end manufacturing industries in Southeast Asia, establishing a triangular production network across China, North America, and Southeast Asia [3]. Group 3: Investor Returns and Communication - The company has established a reasonable profit distribution plan, distributing a cash dividend of 3.80 yuan per 10 shares, totaling 362 million yuan, to enhance shareholder value [5]. - A share repurchase plan was approved, with a budget of 75 million to 150 million yuan, aimed at employee stock ownership and incentive programs, with 9.41 million shares repurchased for approximately 119.5 million yuan [6]. - The company has maintained high standards in information disclosure, achieving an A-class rating for six consecutive years, and has engaged in various communication channels to keep investors informed [7][8].