Core Viewpoint - The company, Shenzhen Minglida Precision Technology Co., Ltd., hosted an investor relations event with 18 institutions, discussing its business performance, strategic partnerships, and future growth prospects [1][2]. Group 1: Business Performance - The company reported significant growth in mid-year revenue, indicating a positive trend towards profitability, although gross margin has declined and operating cash flow remains negative [2]. - Overall revenue increased year-on-year, driven by sales growth and improved capacity utilization, leading to a reduction in overall expense ratio [2]. - The company expects profit margins to continue improving in the future due to enhanced internal cost control measures [2]. Group 2: Main Business Operations - The company's main focus is on the R&D and production of precision components and molds, establishing a multi-process integrated manufacturing system [2]. - The die-casting and injection molding businesses saw improved gross margins due to sales growth, while the stamping business remained flat, experiencing a decline in gross margin due to increased asset scale and manufacturing costs [2]. - The company is a core supplier for many key clients, with anticipated order growth as projects ramp up [2]. Group 3: Strategic Partnerships and Technology - The strategic partnership with Zhongguancun Robotics is seen as having significant potential, although its current impact on the company's operations is limited [2]. - The company's core technological advantages include service capabilities, customer resources, R&D design, and location, particularly emphasizing its "one-stop service" capability [2]. Group 4: International Expansion - Production bases in Mexico and Hungary primarily cater to the needs of leading clients in the overseas new energy vehicle, photovoltaic, and energy storage sectors, with current capacity meeting short-term demand [2]. - The company faces risks related to customer demand fluctuations and local tariff policies [2]. Group 5: Future Growth Areas - The photovoltaic and energy storage business is expected to see significant growth by 2025, driven by customer inventory reduction and market expansion [2]. - The company is establishing collaborations in the robotics sector and has formed a subsidiary for liquid cooling business, focusing on internal support and market expansion [2]. Group 6: Financial Strategies - The company plans to implement a stock buyback of 100 million yuan in 2024 and 60 million yuan in 2025 to stabilize its market value and protect shareholder interests [2].
调研速递|铭利达接受国健安基金等18家机构调研 聚焦经营绩效与业务布局要点