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天猫养车“小伙伴”,汽车维保设备龙头今日上市丨打新早知道

Group 1 - The core viewpoint of the article highlights the listing of Balanshi (920112.BJ) on the Beijing Stock Exchange, emphasizing its focus on the research, production, and sales of automotive maintenance and repair equipment [1] - Balanshi is recognized as one of the larger manufacturers in the domestic automotive maintenance equipment industry, with a sales network covering most provinces and cities in China, and a strong brand presence [1] - The company has established a diverse customer base, including well-known automotive manufacturers like BYD, Li Auto, and Great Wall Motors, as well as major automotive service chains and oil companies [1] Group 2 - According to the prospectus, Balanshi's revenue for the years 2022 to 2024 is projected to be 643 million, 794 million, and 1.057 billion yuan, respectively, with net profits of 30 million, 81 million, and 129 million yuan, indicating a consistent upward trend in both revenue and profit [2] - The company's gross profit margins are also on the rise, recorded at 23.62%, 27.04%, and 28.55% over the same period [2] - Balanshi acknowledges risks associated with its OEM (Original Equipment Manufacturer) sales model, which could lead to significant fluctuations in performance if major clients face operational challenges or if competition intensifies [2] Group 3 - The proportion of foreign sales in Balanshi's main business revenue for 2022 to 2024 is reported at 75.91%, 74.06%, and 75.59%, with foreign sales primarily settled in US dollars [3] - The company has recorded foreign exchange gains of 1.6535 million, 1.2345 million, and 5.2161 million yuan during the same period [3] - Balanshi warns that a significant appreciation of the RMB against the USD could reduce the competitiveness of its foreign sales and lead to foreign exchange losses, negatively impacting overall performance [3]