Core Viewpoint - Kaizhong Precision (002823) has been awarded the highest level A (Excellent) rating in the information disclosure assessment for the 2024-2025 period by the Shenzhen Stock Exchange, reflecting strong recognition from regulatory authorities and the capital market for its commitment to information disclosure and corporate governance [1][3]. Group 1: Information Disclosure Assessment - In the 2024-2025 information disclosure evaluation, a total of 5,104 listed companies participated, with 953 companies receiving an A (Excellent) rating, accounting for 18.67% of the total [1]. - Kaizhong Precision's achievement of the A rating highlights its rigorous adherence to information disclosure obligations and its efforts in maintaining investor relations and enhancing shareholder returns [1][2]. Group 2: ESG Commitment - Kaizhong Precision actively practices ESG principles and has published its 2024 Environmental, Social, and Governance (ESG) report, earning an A rating in ESG, showcasing its leading performance in sustainable development and overall strength [3]. - The company plans to continue upholding high standards in information disclosure, improve corporate governance, and optimize investor relations management to solidify its investment value and promote high-quality sustainable development [3].

Core Viewpoint - The company, Kaizhong Precision, is advancing its overseas expansion strategy by planning to establish a subsidiary and new production base in Thailand with an investment of up to 250 million RMB, reflecting its commitment to enhancing its global footprint and meeting local operational needs [1][3]. Financial Performance - In 2024, Kaizhong Precision's overseas revenue is projected to reach 1.592 billion RMB, accounting for 52.19% of total revenue, highlighting its significance as a key performance driver [2][4]. - The company anticipates a net profit of 101 million to 120 million RMB for the first half of 2025, representing a year-on-year growth of 30.63% to 55.21% [2][5]. Business Strategy - Kaizhong Precision focuses on high-growth sectors such as new energy vehicles and intelligent driving, aiming to deepen global customer collaborations and strengthen its core technological competitiveness [2][6]. - The company maintains long-term stable partnerships with major clients, including Daimler, Toyota, Bosch, and Denso, and has established multiple sales and R&D centers in China and abroad [3][4]. Investment and Development - The planned investment in Thailand will support the company's strategic layout for overseas precision components, including connectors, and is expected to enhance its ability to respond to macroeconomic impacts and improve overall competitiveness [3][6]. - Kaizhong Precision has consistently invested in R&D, holding over 200 domestic and international patents, and has developed expertise in various precision manufacturing technologies [6]. Financial Health - The company's asset-liability ratio has decreased from 62.06% in 2022 to 44.51% in the first quarter of 2025, indicating improved financial stability [5][6]. - Revenue figures for 2022 to 2024 show a steady increase, with revenues of 2.662 billion, 3.024 billion, and 3.050 billion RMB, respectively, reflecting a growth trend [5].

Group 1 - The core point of the article is that Kaizhong Precision plans to invest up to 250 million RMB to establish a subsidiary and new production base in Thailand, aligning with its strategic planning for overseas expansion [1] - This investment is aimed at enhancing the company's overseas layout, meeting local operational needs, and improving overall competitiveness and risk resistance [1] - The funding for this investment will come from the company's own and self-raised funds, and it is stated that this will not significantly impact the company's financial status or operations [1] Group 2 - Kaizhong Precision focuses on the research, design, manufacturing, and sales of core precision components, particularly in the fields of new energy vehicles, intelligent driving, and automotive lightweighting [1][2] - The company reported a revenue of 3.05 billion RMB and a net profit of 170 million RMB for the fiscal year 2024, marking a year-on-year growth of 121.73% [1] - In the first quarter of 2025, the company achieved a revenue of 720 million RMB, maintaining stable earnings and a net profit growth of 75.51% [1] - The company has been consolidating its leading position in the commutator market while focusing on developing new products in core precision components, which are widely used in electric vehicle battery systems, drive motors, and electronic control systems [2] - Kaizhong Precision plans to continue focusing on high-growth sectors such as new energy vehicles and intelligent driving, deepening global customer cooperation and strengthening core technological competitiveness [2]