斩获头部车企6.5亿元项目定点！明新旭腾加速卡位新能源，短期业绩恐难“沾光”

Core Viewpoint - Mingxin Xuteng has received a significant project notification from a leading electric vehicle client, marking a step forward in the new energy vehicle sector, but the company is currently facing short-term performance challenges despite revenue growth [1][2]. Group 1: Project Announcement - Mingxin Xuteng will serve as a component supplier for the client's new energy vehicle interior materials, with a total projected sales amount of approximately RMB 650 million over the project's lifecycle [1][2]. - The project reflects the client's recognition of Mingxin Xuteng's continuous innovation capabilities, research strength, product quality, and production capacity [1]. Group 2: Financial Performance - In 2024, the company reported revenue of RMB 1.179 billion, a year-on-year increase of 30.21%, but incurred a net loss of RMB 172 million, a staggering decline of 412.54% [2][3]. - For the first half of 2025, revenue reached RMB 603 million, up 29.26% year-on-year, yet the net loss was RMB 29.39 million, a decrease of 393.49% [3]. Group 3: Challenges and Risks - The company attributes its losses to increased credit impairment losses, higher expenses from new company setups, and rising depreciation from fixed asset investments [3]. - The anticipated project does not guarantee actual procurement quantities, and the total project amount is only an estimate, with actual outcomes dependent on future orders [3][4]. - The project's implementation is directly linked to the automotive production volume, which may be influenced by overall market conditions and macroeconomic factors, introducing uncertainties in supply [3][4].