在手订单270亿！新能源汽车弄潮儿，中小型压铸件“隐形冠军”，汽车零部件吾股NO.1实力几何？

Group 1 - The report highlights the significant opportunities arising from the new wave of production expansion in the automotive industry, particularly in the context of the Beijing Auto Show, which showcased numerous companies and models, indicating a competitive market landscape [1][2][3]. - The automotive parts industry is expected to experience growth, with a focus on the performance of companies within this sector, including a ranking of 145 firms [4][5]. - Aikodi (爱柯迪) is identified as a leading player in the small and medium-sized die-casting parts market, with a market capitalization of less than 20 billion and a strong product lineup [9][10]. Group 2 - Aikodi has established itself as a "hidden champion" in the small and medium-sized die-casting parts sector, with a diverse product range that includes approximately 4,800 types of components [20][21]. - The company has achieved a leading position in revenue within its segment, with 2023 sales figures reaching 5.957 billion, surpassing competitors [19][54]. - Aikodi's products are integrated into the supply chains of major global automotive parts manufacturers, demonstrating its technological capabilities and market reach [27][28]. Group 3 - The transition to electric vehicles (EVs) has significantly impacted the demand for lightweight aluminum die-casting parts, with Aikodi's revenue from new energy vehicle components contributing approximately 30% to its total revenue [30][37]. - The report forecasts that the domestic aluminum die-casting market will exceed 220 billion by 2025, with a compound annual growth rate of 14.8% from 2020 [32]. - Aikodi has secured a substantial order backlog of approximately 26.89 billion for new energy vehicle components, ensuring revenue stability for the next 4-7 years [38][39]. Group 4 - Aikodi has maintained an average capacity utilization rate of over 80% since 2020, supported by significant capital investments totaling 4.292 billion raised through various financing methods [43][53]. - The company is expanding its production capacity both domestically and internationally, with new facilities planned in Mexico, Hungary, and Malaysia to cater to North American and European markets [51][52]. - Despite strong revenue growth, Aikodi faces challenges related to cash flow, with a total free cash flow of -747 million over the past decade, necessitating additional financing measures [66][67]. Group 5 - Aikodi's revenue has grown from 1.298 billion to 5.957 billion over the past ten years, with a compound annual growth rate of 18.45%, and a notable acceleration in growth since 2020 due to its new energy business [54][55]. - The company's net profit for 2023 reached 913 million, significantly higher than its competitors, reflecting its strong market position [60][61]. - Aikodi has consistently returned capital to shareholders, with cumulative dividends of 1.456 billion since its IPO, indicating a commitment to shareholder value [68].