SHANXI SECURITIES(SZ:002500) Xin Lang Cai Jing·2025-09-19 08:46Core Viewpoint - Hebei Keli Automotive Equipment Co., Ltd. demonstrates unique advantages and development potential in the automotive equipment sector through recent institutional research activities [1][2]. Group 1: Company Overview - The company held an investor activity on September 19, 2025, attended by representatives from Shanxi Securities and company executives, including Chairman Zhang Wanwu and Secretary Zhang Jing [1]. - The company introduced its basic situation, industry overview, investment highlights, and development prospects during the event [1]. Group 2: Technological Advancements - The company has achieved a full-process technological breakthrough in its anti-VOC pollution light-absorbing coating technology, which is set to be gradually mass-produced based on market demand [1]. - New technologies in the field of assisted driving are expected to gain further popularity with the increasing penetration of new energy vehicles, with successful project switches to major clients like Volkswagen, Geely, and Chery [1]. Group 3: Strategic Development - The company adopts a dual-driven strategy of "smart driving components leader + new materials technology engine," focusing on enhancing customer stickiness and global business layout to increase market share [2]. - With the gradual increase in new energy vehicle penetration, the company's products are expected to see both volume and price increases, alleviating capacity shortages post-investment project implementation [2]. Group 4: Competitive Advantages - The company's gross margin is significantly higher than the industry average due to its technological advantages, having developed multiple first-time applications for brands like BMW, Volvo, and NIO [3]. - The company has established deep supply chain collaborations with leading glass manufacturers, allowing it to secure high-difficulty orders at relatively higher prices [3]. - The early adoption of information management systems and intelligent operation systems has led to a unique production model, enabling continuous management improvement and cost advantages [3].