格隆汇10月11日丨崧盛股份(301002.SZ)在投资者关系活动上表示，公司与重庆精刚传动签署的《技术 开发合同》目前正在有序推进中，同时公司控股子公司崧盛机器人传动也在积极通过接洽下游客户，获 取打样订单。 ...

格隆汇10月11日丨崧盛股份(301002.SZ)在投资者关系活动上表示，公司与重庆精刚传动签署的《技术 开发合同》目前正在有序推进中，同时公司控股子公司崧盛机器人传动也在积极通过接洽下游客户，获 取打样订单。 ...

Group 1: Company Overview - Shenzhen Songsheng Electronics Co., Ltd. has been focused on LED driver power supply for nearly 15 years, establishing itself as a leading manufacturer in China with significant scale and digital operation capabilities [2][5]. - The company has a strong domestic market presence, with 2024 revenue from domestic LED lighting driver power supply reaching CNY 740 million, accounting for 83.79% of total revenue [3]. Group 2: Financial Performance - In 2024, the company experienced a decline in gross margin for LED driver power supplies due to intensified industry competition, with the sales price dropping more than the reduction in unit product costs [2]. - Direct export revenue increased by 47.81% year-on-year in 2024, with new markets opened in South America and the Middle East [3]. Group 3: Market Position - The company holds a leading position in the domestic LED driver power supply market, while its global market share is relatively low at 1.31% as of 2022, according to QYResearch [4]. Group 4: Product and Resource Development - The company has established a joint venture with Chongqing Jingang Transmission Technology Co., Ltd., investing CNY 5.5 million for a 55% stake to develop high-performance components for robotics and aerospace [5]. - Key materials for LED driver power supplies include transformers, MOSFETs, control ICs, and inductors, with a robust supply chain that is not significantly affected by U.S. semiconductor export controls [7]. Group 5: Revenue Breakdown and Capacity Utilization - In 2024, outdoor lighting LED driver power supply accounted for approximately 46% of total revenue, while commercial lighting contributed about 43% and plant lighting combined with sports lighting made up around 11% [7]. - The overall capacity utilization rate for the company in 2024 was approximately 66%, with expectations to reach around 70% in the current year [7].

Core Viewpoint - The company, Songsheng Co., Ltd. (301002), plans to establish a new company, Shenzhen Songsheng Robot Transmission Technology Co., Ltd., in collaboration with Chongqing Jingang Transmission, with a total investment of 10 million yuan [1] Group 1 - The investment structure involves Songsheng Co. contributing 5.5 million yuan, representing 55% of the registered capital, while Chongqing Jingang Transmission will contribute 4.5 million yuan, representing 45% [1] - The funding for this investment will come from the company's own resources, and it does not constitute a related party transaction or a major asset restructuring [1] - The new company will focus on the production, research and development, sales, and technical consulting of precision reducers [1]