Dare Auto(SZ:300473) Zheng Quan Zhi Xing·2025-09-05 11:24Core Viewpoint - The company is responding to an inquiry regarding its asset acquisition and fundraising application, highlighting significant revenue growth and addressing specific questions about its financial performance and client relationships [1][2]. Financial Performance - The revenue of the target asset, Aizhuo Intelligent Technology (Shanghai) Co., Ltd., was reported at 216.33 million yuan and 364.62 million yuan for the respective periods, with growth attributed to increased orders from major clients [2][3]. - The revenue growth rates for the target asset were 9.93% and 68.95%, compared to industry averages of 7.93% and 15.98% [2][3]. - The net profit growth rates for the target asset were 190.90% and 65.42%, while the industry averages were 19.94% and 26.48% [2][3]. Client Relationships and Revenue Composition - The main revenue sources for the target company include film parts, which accounted for 84.99% of the main business revenue in 2024, and other business revenues were minimal [4][5]. - The company has established significant relationships with major automotive manufacturers, including FAW and Chery, which have contributed to its revenue growth [8][9]. Market Trends and Competitive Landscape - The automotive interior industry is experiencing a trend towards personalization and smart technology, driven by consumer demand for enhanced vehicle experiences [14][15]. - Domestic brands are gaining market share, leading to increased opportunities for local interior manufacturers [15][17]. - The industry is characterized by a multi-tiered supply chain, with increasing competition among suppliers, particularly in the context of rapid technological advancements and cost reduction demands from automakers [16][17]. Future Growth Potential - The company is well-positioned for future growth due to its established relationships with major automotive manufacturers and its ability to adapt to market trends [19]. - The automotive interior market is expected to continue expanding, providing a favorable environment for the company's growth [17][19].