NBGF(SH:603788) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-02 23:39Summary of Key Points Core Viewpoint - The company held a half-year performance briefing on September 2, 2025, to address investor concerns and discuss financial results and future strategies [1]. Financial Performance - For the first half of 2025 (January to June), the company reported: - Operating revenue of 786.80 million yuan, an increase of 7.83% year-on-year - Operating profit of 114.67 million yuan, up 4.56% year-on-year - Net profit of 103.29 million yuan, rising 11.63% year-on-year - Net profit attributable to shareholders of the listed company was 103.89 million yuan, an increase of 11.93% year-on-year [2]. International Market Expansion - The company is implementing a "going out" strategy to expand its international market presence, with a production base established in Malaysia and ongoing preparations for a base in Morocco [2][3]. - The company aims to promote its products to more international car manufacturers, having already entered the supply chains of Stellantis, Renault, and Proton [2]. Customer Base and Product Development - The company has successfully entered the supply chains of major automotive manufacturers such as FAW-Volkswagen and SAIC Volkswagen, covering a wide range of clients including independent, joint venture, and new energy vehicle manufacturers [2]. - The company is focusing on customer-specific market segments, particularly in the high-end new energy vehicle sector, to enhance its competitive advantage [2]. Growth Drivers - Key growth drivers include the successful integration of products like gear shifters and electronic accelerator pedals into various automotive supply chains, with ongoing efforts to maintain market expansion and product development [2][4]. - The company is also actively working on new product development, including a new energy vehicle air conditioning compressor currently in the testing phase [4]. Cost Management Strategies - The company employs centralized procurement for bulk materials to mitigate price fluctuations, negotiating better prices through increased purchasing volumes [3]. - For electronic components, the company is focusing on domestic alternatives to stabilize costs while ensuring product quality [3].