格隆汇10月9日丨兴业科技(002674.SZ)公布，公司拟与徐家宽先生共同出资人民币5,000万元，在安徽省 巢湖市设立控股子公司，从事汽车内饰皮革深加工业务。其中，公司出资人民币4,500万元，持股 90%；徐家宽先生出资人民币500万元，持股10%。巢湖市为合肥市下属县级市，地理位置优越，交通 便捷。合肥市目前聚集比亚迪汽车、蔚来汽车、江淮汽车、大众汽车等多家头部整车企业，形成强大的 汽车产业集群效应。本次公司在巢湖设立控股子公司，将充分依托当地的产业优势和资源集聚效应，与 整车企业加强合作，助力公司拓展汽车内饰皮革业务。 ...

Group 1: Financial Performance - The company achieved a revenue of 1.339 billion yuan, representing a year-on-year growth of 6.16% [3] - The net profit attributable to shareholders was 31.2508 million yuan, a decline of 45.32% compared to the same period last year [3] Group 2: Domestic Market Conditions - Domestic consumer demand remains weak, leading to a decrease in the procurement needs of existing downstream customers for shoe and bag leather [4] - The company is actively adjusting sales channels and expanding into internet brand customers, resulting in growth for certain clients [4] Group 3: Overseas Market Expansion - The company entered the adidas supply chain in the first half of 2024, with revenue contributions remaining stable [4] - New partnerships with brands like ZARA have been established, and the company is expanding its overseas factories in Indonesia and Vietnam to meet local supply demands [4][5] - The gross margin for overseas products is higher than that of domestic sales, which is expected to enhance profitability as overseas sales increase [4] Group 4: Automotive Interior Leather Performance - The subsidiary, Hongxing Automotive Leather, achieved a revenue of 375 million yuan, a year-on-year increase of 26.95% [6] - The net profit for this segment was 7.65654 million yuan, reflecting a growth of 30.91% [6] - The company is collaborating with various automotive brands, including NIO and Jianghuai Automobile, to supply high-end interior leather products [6]

Group 1 - The company plans to apply for a credit line of RMB 70 million from Beijing Rural Commercial Bank to support its business development and ensure sustainable growth [1][2] - The board approved a credit line of RMB 100 million from Ningbo Bank for various financing needs, including bank acceptance bills and working capital loans [1][2] - The credit facilities will be guaranteed by the company's actual controller, ensuring financial backing for the company's operations [1] Group 2 - The company intends to invest in an eco-friendly new material automotive interior project with a total estimated investment of RMB 1 billion, with the first phase requiring RMB 200 million for four production lines [2] - The project will be supported by the Huainan High-tech Industrial Development Zone, aiming to enhance the company's competitiveness in the synthetic leather industry [2] - The board authorized the management to handle all subsequent matters related to this investment, ensuring streamlined execution of the project [2]

Group 1: Overseas Sales Performance - In 2024, the company achieved significant growth in overseas sales, with revenue reaching 286 million CNY, an increase of 96.65% compared to the previous year [2] - In Q1 2025, overseas sales continued to grow, achieving approximately 100 million CNY, representing a 315% increase year-on-year [3] Group 2: Automotive Interior Leather Business - The automotive interior leather segment generated revenue of 727 million CNY in 2024, reflecting a year-on-year growth of 19.8% [3] - The company is focused on deepening market strategies and aligning with the supply chain needs of brand automotive manufacturers to expand its customer base [3] Group 3: Future Market Expansion - The company plans to continue expanding its overseas market presence to enhance overall profitability [2] - The subsidiary, Hongxing Automotive Leather, aims to secure new models from existing clients while targeting new customers [3]