Company Overview - The company was established in 2003 and primarily engages in the R&D, production, and sales of components for consumer electronics and new energy vehicle power batteries, as well as related 3C and semiconductor intelligent assembly automation equipment [1] - The revenue from wearable electronic structural components and functional components in consumer electronics has consistently maintained a high position in the company's business structure, accounting for over 60% since 2020 [1] - The gross profit margin for related businesses has remained high, with a gross profit share of over 60% in the past four years, serving as a core driver of the company's profits [1] - As of Q3 2025, the company achieved a revenue of 2.278 billion yuan, representing a year-on-year growth of 28.59%, benefiting from increased income from electronic product structural components and new energy structural and functional components [1] - The company has strategically acquired a professional carbon fiber product manufacturer, which will help extend its strategic layout towards upstream lightweight material ecosystems and solidify its composite material foundation [1] Market Position and Clientele - The company serves leading brands in the consumer electronics sector, leveraging a lightweight material technology platform to establish a first-mover advantage in AI lightweight structural components [2] - The company has seen an overall increase in project share with core clients while adopting a strategy of "old customers with new products, old products with new customers" [2] - Key clients include Samsung, Pegatron, Vitec, Amphenol, Meilun Electronics, Huatong Computer, Taijun Technology, GoerTek, and Luxshare Precision, with products ultimately applied in well-known consumer electronics brands such as Apple, Huawei, OPPO, Jabra, Bose, Sony, Facebook, and Sennheiser [2] - The company has expanded its project share in areas such as foldable smartphones and MR devices, driving overall performance growth [2]