Core Insights - The company reported a revenue of 748 million yuan for 2024, a year-on-year increase of 1.22%, while the net profit attributable to shareholders decreased by 1.56% to 90.39 million yuan [1] - In Q1 2025, the company achieved a revenue of 15.9 million yuan, representing a year-on-year growth of 19.52%, with a net profit of 12.52 million yuan, up 4.09% [1] Business Overview - The company operates in the automotive parts manufacturing industry, focusing on the design, research, production, and sales of chassis suspension system shock-absorbing components and lightweight pedal assemblies for traditional, new energy, and smart driving vehicles [1] - In 2024, the shock-absorbing components and pedal assembly segments contributed over 96% of total revenue, with shock-absorbing components generating 489 million yuan (65.30% of total revenue) and pedal assemblies contributing 230 million yuan (30.75% of total revenue) [1] Market Development - In 2024, the company secured new projects valued at approximately 490 million yuan and generated 136 million yuan from new products [2] - The polyurethane shock-absorbing components business won multiple projects from major automotive manufacturers including Stellantis, Toyota, Volkswagen, BYD, Chery, SAIC Audi, Mercedes-Benz, and Geely [2] - The lightweight pedal business also gained new model projects from SAIC Passenger Cars, BYD, Volkswagen, and others, achieving breakthroughs with SAIC Audi [2] R&D and Automation - The company invested 51.05 million yuan in R&D in 2024, accounting for 6.82% of revenue, with significant advancements in new materials for shock-absorbing components [2] - Automation improvements have led to enhanced production efficiency, product quality, and raw material utilization, with successful implementation of ERP and WMS systems in various production facilities [3] New Energy Vehicle Focus - The company's shock-absorbing components and lightweight pedal assemblies are widely used in new energy vehicles, with sales of approximately 15.15 million shock-absorbing components and 1.5 million lightweight pedal assemblies in the new energy vehicle market [3] - The company is actively involved in the research and manufacturing of core components for electric vehicle chassis systems [3] Future Outlook - The company plans to intensify efforts in developing international and key domestic markets, expand its customer base, and increase market share for new products [3] - There is a commitment to further automation investments, lean production management, and enhancing digital and intelligent capabilities to build "smart factories" [3]

4月28日晚，凯众股份（603037）公布了2024年年报及2025年第一季度报告。两份财报显示，公司2024 年在国内外复杂的经济环境中展现韧性，2025年一季度业绩实现营收、净利双增开门红。 2024年凯众股份减震元件与踏板总成两大核心业务表现稳健，合计贡献超96%的营业收入。其中，减震 元件实现营业收入4.89亿元，占公司总营收的65.30%；踏板实现营业收入2.30亿元，占公司总营收的 30.75%。且减震元件板块营收同比增长9.47%，呈现稳健增长的态势。 市场开拓方面，2024年凯众股份聚氨酯减震元件业务获得了Stellantis、丰田、大众、比亚迪 （002594）、奇瑞、上汽奥迪、奔驰、吉利等主流车企多个项目。此外，轻量化踏板业务同步发力，获 得了上汽乘用车、比亚迪、大众、零跑、理想、奇瑞、吉利等客户的新车型项目，并在上汽奥迪取得了 突破，获得了奥迪BNB、C-SUV等车型制动踏板项目。电子加速踏板业务在新客户处的市场拓展也取 得一定进展，其中包括国外知名电动车品牌。 智造能力迭代升级 为充分把握市场机遇，凯众股份建立了以技术为核心的经营管理体系，通过持续的研发投入，不断强化 技术研发实力。年 ...