Core Insights - The company reported a decline in overall revenue for the first half of 2025, but achieved growth in sales of metal parts and molds [1] - Revenue from metal parts reached 285 million yuan, accounting for 30.74% of total revenue, with a year-on-year increase of 4.20% [1] - Revenue from molds totaled 57 million yuan, representing 6.18% of total revenue, with a significant year-on-year increase of 135.18% [1] - The net operating cash flow was 29.55 million yuan, reflecting a substantial year-on-year growth of 447.8% [1] Company Overview - The company specializes in the design, development, production, and sales of automotive parts, with products used in both traditional fuel vehicles and new energy vehicles [1] - Main products include interior and exterior plastic parts, metal parts, automotive electronic components, new energy-specific parts, and supporting molds [1] - The company has a strong market presence and is recognized for quality by major automotive manufacturers, indicating robust market competitiveness [1] Competitive Advantages - The company possesses several competitive advantages, including technological research and development, management systems, customer resources, and quality [1] - It has a complete R&D system with notable capabilities in converting research results, holding 151 valid patents, including 17 invention patents [1] - The company has established long-term strategic partnerships with numerous well-known domestic and international automotive manufacturers, leveraging its strong customer base to enhance profitability and risk resilience [2]

宁波一彬电子科技股份有限公司 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 （二）业绩预告情况 预计净利润为负值： 项 目 本报告期 上年同期 归属于上市公司 亏损：2,500万元–3,000万元 盈利：3,599.86万元 股东的净利润 扣除非经常性损 亏损：2,800万元–3,300万元 盈利：2,917.47万元 益后的净利润 基本每股收益 亏损：0.20元/股–0.24元/股 盈利：0.29元/股 一、本期业绩预计情况 （一）业绩预告期间 三、本期业绩变化的主要原因 （一）公司主营业务为汽车零部件的设计、开发、生产和销售。主要产品 包括内外饰塑料件、金属件、新能源专用件、汽车电子件。受汽车行业竞争加 剧等多种因素影响，公司主营汽车零部件产品的综合毛利率下降。 （二）为满足客户需求，提升就近服务和及时供货能力，公司2024年新建 或投产工厂规模效益目前还未能显现，且新厂设立导致运营成本增加。 （三）公司属于先进制造业企业，符合先进制造业企业增值税加计抵减政 策，当期确认的其他收益同比减少。 公司始终坚持"聚焦主业、修炼内功、降本增效、提升竞争力"为战略 ...

Group 1: Research Basic Information - The research object is Yibin Technology, and the reception time is June 12, 2025. The listed company's reception staff includes the board secretary, the chief financial officer Jiang Ze, and the securities affairs representative Xu Chao'er [16] Group 2: Detailed Research Institutions - The research institutions include Cailian Press, GF Securities, Zheshang Securities, Orient Securities, ShineWing, Shanzheng Investment, Zhuodai Capital, Tianzi Capital Season, Yingling Fund, Zhongzi Asset Ding, Lansheng Fund, Guqu Investment, Shangshi Bank, Tianrui Wanhe, etc. [17][18] Group 3: Main Content Company's Main Products - The company's main products are interior and exterior plastic parts, metal parts, automotive electronic parts, new energy special parts, and supporting molds, which are widely used in fuel - powered vehicles and new energy vehicles. Interior and exterior plastic parts include dashboards, sub - dashboards, pillar trims, etc.; metal parts are mainly small stamping parts; automotive electronic and new energy special parts include ceiling lamp assemblies, ambient lights, etc. [22] Progress of the Company's Fund - Raising Project Construction - In 2024, with the support of the local government, the company obtained a newly auctioned land plot and approved a motion to change the use of some raised funds from the initial public offering and postpone the project. A total of 452.3995 million yuan was used to invest in the "Annual Production of 9 million sets of automotive parts production line project". Two factory buildings have basically been capped, and the R & D building is under foundation construction [23] Progress and Future Market of the Company's Intelligent Laser Weeder - By the end of 2024, the company's R & D team had overcome key core technologies of multiple systems, iterated to the second - generation prototype, and obtained 2 invention patents. The R & D team will conduct serialized R & D to develop medium - and small - sized intelligent laser weeders [24] Company's Layout and Development in New Energy Products - The company actively explores the new energy vehicle market with its customer resources in the traditional automotive parts field. It has reached cooperation with BYD, ZEEKR, VOYAH, XPENG, Chery New Energy, IM Motors, etc. [24] Product Value and Application Scenarios of the Company's Investment in Fao Robotics - Fao Robotics focuses on R & D, manufacturing, and sales of self - developed collaborative robots with all components. Its products are used in 3D welding robots, mobile welding robots, and other application scenarios [24]

Product Overview - The company's main products include interior and exterior plastic parts, metal parts, automotive electronic components, and specialized components for new energy vehicles, applicable to both fuel and new energy vehicles [1] - Key products in plastic parts encompass dashboards, sub-dashboards, pillar covers, seat components, and engine compartment parts, while metal parts focus on small stamping components [1] Investment Projects - In 2024, with local government support, the company acquired new land and approved changes to the use of previously raised funds, totaling CNY 452.3995 million, to invest in a project for an annual production capacity of 9 million automotive parts [2] - Construction progress includes two factory buildings nearing completion and a research building currently in foundation work, with overall progress deemed normal [2] R&D and Innovation - By the end of 2024, the company has developed key technologies for its smart laser weeding machine, achieving significant improvements in dynamic positioning accuracy and weed removal rates, and has obtained two invention patents [3] - Future plans include developing small and medium-sized smart laser weeding machines to support various agricultural scenarios [3] New Energy Market Strategy - The company is leveraging its established customer base in traditional automotive parts to expand into the new energy vehicle market, having formed partnerships with companies like BYD and Xpeng Motors [4] - The development of interior components and specialized parts for new energy vehicles is expected to drive future revenue growth [4] Collaborative Robotics Investment - The company has invested in Faowei Robotics, which focuses on collaborative robots and their applications across various industries, including 3D welding and mobile welding stations [5] - The collaborative robotics sector is viewed as having significant growth potential, aligning with the company's strategic vision [5]

Core Viewpoint - The company is actively expanding its market presence, particularly in the new energy vehicle sector, while facing challenges such as declining profits and increased competition in the automotive industry [2][3][4]. Group 1: Business Development - In 2024, the company added over 150 new projects, including partnerships with major automotive manufacturers like BYD and Chery New Energy [2]. - The product categories have expanded to include high-value items such as dashboards and electronic components, enhancing the customer structure and product system [2]. - The company aims to strengthen relationships with existing clients while actively pursuing new opportunities in the new energy vehicle market [4]. Group 2: Financial Performance - In Q1 2025, the company reported a revenue of 43.72 million yuan, a decrease of 8.20% year-on-year, and a net profit of -0.71 million yuan, down 137.55% [2]. - For the year 2024, the net profit was 30.51 million yuan, reflecting a significant decline of 70.22% compared to the previous year, primarily due to increased competition and rising costs [3]. - The total assets as of the end of 2024 were 343.91 million yuan, an increase of 8.86% from the previous year [5]. Group 3: R&D and Innovation - The company has increased its R&D investment by 16.26 million yuan, focusing on market-driven innovations to meet customer demands [3]. - Current R&D projects include the design of high-voltage conductive busbars and intelligent cockpit integration, with a strong emphasis on collaboration with well-known automotive manufacturers [6]. - The company has established a robust R&D system, ensuring continuous innovation to meet the evolving needs of the automotive market [6]. Group 4: Industry Outlook - The automotive industry in China is projected to maintain a production and sales volume exceeding 30 million units in 2025, with a growth forecast of 4.7% [9]. - The new energy vehicle sector is expected to grow significantly, with a projected increase of 24.4% in sales [9]. - The company plans to leverage trends in electrification and intelligent vehicles to enhance its market position and contribute to the industry's growth [9].

Group 1: Business Development and Market Expansion - In 2024, the company expanded its market by adding over 150 new projects, including clients such as FAW Bestune, Chery New Energy, and Dongfeng Honda [1] - The product categories include high-value items like dashboards and metal parts, with a focus on enhancing the client structure and product system [1] - The company aims to actively explore new energy vehicle clients and projects to inject new momentum into sustainable growth [1] Group 2: Financial Performance - In Q1 2025, the company reported a revenue of CNY 437.23 million, a decrease of 8.20% year-on-year, and a net loss of CNY 7.09 million, down 137.55% [2] - For 2024, the total revenue was CNY 2.18 billion, a growth of 5.40%, with a net profit of CNY 30.51 million, down 70.22% [4] - Total assets reached CNY 3.44 billion, an increase of 8.86% compared to the previous year [4] Group 3: Challenges and Strategic Responses - The decline in net profit was attributed to increased competition, a drop in gross margin by 1.09%, and higher R&D expenses, which rose by CNY 16.26 million [2] - The company is focusing on internal efficiency improvements, including lean production and supply chain optimization [2] - Inventory levels increased by CNY 138.04 million, leading to higher provisions for inventory impairment losses [2] Group 4: R&D and Technological Advancements - In 2024, revenue from new energy products reached CNY 357.88 million, a significant increase of 383.82% [3] - The company is investing in advanced technologies such as high-voltage wiring and intelligent cockpit systems, with a dedicated R&D team of over 370 professionals [5] - The company is also involved in the development of collaborative robots through a partnership established in February 2025 [6] Group 5: Industry Outlook and Market Trends - The Chinese automotive market is projected to maintain a production and sales volume above 30 million units in 2025, with a growth forecast of 4.7% [8] - The new energy vehicle sector is expected to grow by 24.4%, indicating a robust market for automotive components [8] - The company plans to leverage trends in electrification and intelligent vehicles to enhance its market position [8] Group 6: Customer Relations and Supply Chain Management - The company has established subsidiaries to improve service proximity and supply capabilities, enhancing stability in customer cooperation [8] - It received recognition as an excellent supplier for production assurance from Dongfeng Honda in 2024 [8]