嵘泰股份分析师会议-20250520

Group 1: Report Overview - The report is about a research meeting of Rongtai Co., Ltd. in the automotive parts industry on May 20, 2025 [1][2] Group 2: Research Basic Information - The research object is Rongtai Co., Ltd., belonging to the automotive parts industry, and the reception time was on May 20, 2025. The company's directors, general manager, financial director, board secretary, and independent director received the investors [17] Group 3: Detailed Research Institutions - The reception objects include investors and others [20] Group 4: Main Content Financial Performance - In 2024, the net profit attributable to the parent company was 163 million yuan, a year - on - year increase of 11.93%, and the net profit after deducting non - recurring items was 138 million yuan, a year - on - year increase of 10.90%. In Q1 2025, the net profit attributable to the parent company was 48 million yuan, a year - on - year increase of 13.76%, and the net profit after deducting non - recurring items was 45 million yuan, a year - on - year increase of 25.57% [24] - In 2024, the company's operating income was 2.352 billion yuan, a year - on - year increase of 16.42%. In Q1 2025, the operating income was 662 million yuan, a year - on - year increase of 29.68% [24] Refinancing Project - In April 2025, the company completed the issuance of A - shares to specific objects, raising a total of 878 million yuan for the "New Energy Vehicle Parts Intelligent Manufacturing Project" [24] Development Strategy - The company will follow industrial policies, leverage its advantages, and aim to be a leader in the precision die - casting industry. It will also increase investment in new productive forces such as robotics, autonomous driving, and automotive electronics [25] Future Profit Growth Drivers - The company has advantages in high - quality customer resources, professional and large - scale production, refined production management, and advanced intelligent equipment and automated production [25] Second Growth Curve - The company is actively cultivating a second business growth curve by exploring new business sectors such as humanoid robots, automotive electronics, and industrial automation [26] Joint - venture Company - In April 2025, the company announced the establishment of a joint - venture company with Jiangsu Runfu Power Technology Co., Ltd. to develop products and markets for intelligent robots and new energy vehicle chassis [26] Industry and Peer Performance - Information on the industry's overall situation can be found in the company's 2024 annual report, and information on peer - listed companies such as Xusheng Group, Aikedi, and Wencan Co., Ltd. can be obtained from public sources [26]