Core Viewpoint - Jiangsu Leili is actively advancing its globalization strategy by investing in overseas production bases in Malaysia, Vietnam, and Mexico, with a total investment of 439.6 million RMB [1][2]. Group 1: Overseas Expansion - The company plans to invest 216 million RMB in Malaysia, 139 million RMB in Vietnam, and 84.94 million RMB in Mexico as part of its overseas production base construction [2]. - Since 2025, Jiangsu Leili has been increasing its overseas production capacity, with a recent plan to raise 1.286 billion RMB through convertible bonds for overseas and domestic projects [2]. - By 2024, overseas revenue is expected to account for 47% of Jiangsu Leili's total revenue, supported by established R&D and manufacturing bases in North America, Europe, and Southeast Asia [2]. Group 2: Domestic Investments - On the same day as the overseas investment announcement, Jiangsu Leili revealed plans to invest 500 million RMB in a production base and laboratory for automotive micro-motors and components in Changzhou [4]. - The company’s subsidiary plans to invest at least 150 million RMB in projects related to intelligent sensing lidar and vehicle thermal management micro-motors [4]. Group 3: Business Performance - In the first half of 2025, Jiangsu Leili achieved a revenue of 1.958 billion RMB, representing a year-on-year growth of 20.71%, and a net profit of 186 million RMB, up 8.45% [5]. - The automotive components sector saw significant growth, with revenue reaching 379 million RMB, a 63.72% increase compared to the previous year [4][5]. - The company has successfully launched multiple new products in the automotive sector, including lidar motor products, which generated 44.65 million RMB in revenue, a 35% increase year-on-year [4].

Core Viewpoint - Jiangsu Leili plans to issue convertible bonds to raise up to 1.286 billion yuan for various production and development projects, enhancing its core competitiveness in the micro-motor and intelligent component manufacturing industry [1][2][4]. Fundraising and Investment Projects - The company aims to use the raised funds for projects including the production of laser radar motors, laser equipment galvanometer systems, automotive micro-motors, and components, as well as the establishment of a robotics control component R&D center and overseas production bases [2][3]. - The total investment for the "intelligent sensing laser radar and vehicle thermal management micro-motor, laser equipment galvanometer system production project" is planned at 229 million yuan, with 219 million yuan from the raised funds [2]. - The "automotive micro-motor and component production base and laboratory construction project" has a total investment of 287 million yuan, with 277 million yuan expected from the fundraising [2]. Overseas Expansion and Market Coverage - Jiangsu Leili plans to enhance its overseas presence to meet the growing international market demand, with investments in production bases in Malaysia, Vietnam, and Mexico totaling 440 million yuan, of which 410 million yuan will come from the raised funds [3]. - The company’s revenue distribution shows 53.35% from domestic markets and 46.65% from international markets for the 2024 fiscal year [3]. Financial Performance and Growth Strategy - In Q1 2025, Jiangsu Leili reported a revenue of 908 million yuan, a year-on-year increase of 25.81%, and a net profit attributable to shareholders of 94 million yuan, up 28.15% [1][7]. - The company aims for a sales target of 4.1 billion yuan for 2025, representing a 16.5% year-on-year growth [7]. R&D and Innovation - Jiangsu Leili has consistently increased its R&D investment, with amounts of 133 million yuan, 147 million yuan, and 168 million yuan from 2022 to 2024, maintaining a stable R&D expenditure ratio of around 4.77% of revenue [6]. - The company has expanded its product applications from home appliances to sectors such as new energy, medical devices, and industrial control through strategic acquisitions [5][6]. Dividend Policy - Since its listing, Jiangsu Leili has distributed a total of 960 million yuan in cash dividends, representing 47% of its cumulative net profit during this period [5][7].