格隆汇10月10日丨津荣天宇(300988.SZ)在投资者互动平台表示，公司主营业务为精密金属部品和新能 源储能产品的研发、生产和销售，产品广泛应用于能源管理及输配电、工业自动化及智能制造、风光及 分布式能源、云计算数据中心、轨道交通、节能汽车及新能源汽车以及储能等领域。截至目前，公司产 品暂未应用于核电及可控核聚变领域。 ...

格隆汇10月10日丨津荣天宇(300988.SZ)在投资者互动平台表示，司主营业务为精密金属部品和新能源 储能产品的研发、生产和销售，产品广泛应用于能源管理及输配电、工业自动化及智能制造、风光及分 布式能源、云计算数据中心、轨道交通、节能汽车及新能源汽车以及储能等领域。截至目前，公司产品 暂未应用于核电及可控核聚变领域。 ...

Core Viewpoint - The company, JINRONG TIANYU (300988.SZ), is focusing on the development, production, and sales of precision metal components and new energy storage products, with a strong demand for localized manufacturing in North America due to the growth in data centers and the automotive industry [1] Group 1: Business Operations - The company is transitioning its Mexican factory to full production phase, with capacity utilization gradually increasing [1] - A new intelligent production base is being established in Xiamen, Fujian, set to be operational by March 2025, aimed at serving globally recognized electrical leaders such as Schneider Electric [1] Group 2: Market Demand - There is a strong demand from customers for localized manufacturing, driven by the continuous growth in the North American data center and automotive sectors [1] - The main products produced at the new facility will include disposable ring network control cabinets, vacuum circuit breakers, and integrated stamping and sheet metal products for critical power supply [1] Group 3: Growth Potential - The company anticipates rapid growth as customer businesses expand, particularly with the new production base supporting major electrical enterprises [1]

格隆汇9月19日丨津荣天宇(300988.SZ)在互动平台表示，公司主营业务为精密金属部品和新能源储能产 品的研发、生产和销售。截至目前，公司业务暂不涉及固态电池技术研究等。后续，公司将持续挖掘市 场需求，积极做好技术创新，快速响应并满足市场需求。 ...

Group 1: Company Overview - The company specializes in precision metal components and new energy storage products, integrating R&D, manufacturing, and sales [1] - It provides high-quality solutions in various fields, including electrical, automotive, and energy storage [1] Group 2: Financial Performance - In the first half of 2025, the company achieved a revenue of CNY 963,371,925.90, a year-on-year increase of 12.32% [1] - Net profit attributable to shareholders was CNY 60,607,666.16, reflecting a significant year-on-year growth of 96.43% [2] - The net profit after deducting non-recurring gains and losses was CNY 60,095,003.06, with a year-on-year increase of 97.68% [2] Group 3: Growth Drivers - The internationalization strategy has become a new growth point, with overseas factories contributing CNY 73,663,200, a year-on-year increase of 11.74% [2] - Sales from electrical precision components, particularly medium-pressure gas-insulated switchgear parts, grew by 80.13% [3] - Automotive precision components revenue increased by 12.18%, with a gross margin rise of 4.01% due to export growth and domestic technology breakthroughs [4] Group 4: Future Outlook - The company plans to expand its overseas business and domestic medium-pressure precision components, leveraging growth opportunities in wind power products and automotive precision components [2] - It aims to enhance its communication base station energy management projects and achieve sustained revenue growth [2] Group 5: Cash Flow Management - In the first half of 2025, the net cash flow from operating activities reached CNY 6,788.02 million, marking a historical high with a year-on-year increase of 41.58% [7]

Group 1: Supply Chain and Cost Management - The company has improved the domestic substitution rate of key raw materials by several percentage points compared to the same period last year [1] - The company utilizes a combination of regular and strategic procurement to minimize costs and ensure production needs are met [1] - The company maintains good long-term relationships with major suppliers to mitigate the impact of raw material price fluctuations [1] Group 2: Quality Management - The company has reduced external customer complaint rates through the implementation of the IATF 16949 system, with internal and external quality loss costs decreasing from 0.64% in 2024 to 0.55% in 2025 [2] - The company has achieved a product quality control level with external quality performance of less than 1 PPM for automotive clients [3] Group 3: Research and Development - R&D expenses reached 31.01 million yuan in the first half of 2025, with a focus on automation and intelligent upgrades [10] - The company has obtained a total of 263 patents, including 42 invention patents, demonstrating a commitment to technological innovation [10] - New precision processing patents have been successfully applied to mass production, significantly improving yield rates [5] Group 4: Market Expansion and Client Diversification - The company has expanded its client base in the automotive sector, reducing reliance on a single automaker, with new orders from emerging car manufacturers contributing to 1.6 billion yuan in expected annual sales [7] - The company has successfully integrated aluminum die-casting technology into the supply chain of leading new energy vehicle manufacturers [9] Group 5: Financial Performance - The company's net profit growth outpaced revenue growth, with high-value products in the electrical precision components sector increasing by 80.13% year-on-year [16] - The gross margin for the first half of 2025 was 21.79%, an increase of 4.12% compared to the previous year, driven by a higher proportion of high-value products [17] Group 6: Sustainability and ESG Initiatives - The company has reduced carbon emissions per billion yuan of sales from 784.6 tons in 2019 to 351.6 tons by the end of 2024, a reduction of 55.2% [19] - The company is actively pursuing green manufacturing initiatives and has joined Schneider Electric's "Zero Carbon Plan" [19] Group 7: Operational Efficiency - The company has reduced inventory turnover days by 10.56 days compared to the previous year, enhancing operational efficiency [20] - The company has achieved a delivery accuracy rate of over 99% for automotive and electrical clients [20]

Group 1 - The company, Jintai Tianyu (300988.SZ), focuses on the research, production, and sales of precision metal components and new energy storage products [1] - The company's electrical precision components are widely used in data centers and other fields [1] - Major clients of the company include Schneider, ABB, Siemens, Sogoumei, and Jabil Technology [1]

Core Viewpoint - The company aims to expand its international presence, targeting an overseas revenue share of 40%-50% in the future, while maintaining sustainable growth through strategic resource allocation and a combination of defensive and offensive strategies [1]. Group 1: Company Development and Strategy - The company has been deeply engaged in precision metal components for 20 years, establishing partnerships with international giants like Schneider, Siemens, and Toyota [1][2]. - The company was founded by a group of experienced individuals in Tianjin Binhai, with a focus on advanced precision manufacturing [2]. - The company went public on the ChiNext board in May 2021, marking a new phase of growth [3]. Group 2: Internationalization and Market Expansion - The company has been enhancing its international layout while increasing technology and product development to create new growth points [4]. - The company has established production bases in various regions, including Zhejiang, Guangdong, and Wuhan, to better serve its clients [6]. - Since 2016, the company has been building overseas production bases in Thailand, India, Mexico, and Hungary to meet local market demands [7]. Group 3: Financial Performance and Growth Projections - The company anticipates that overseas revenue will account for nearly 22% of total revenue by 2024, with plans to increase this to 40%-50% [8]. - The Thai and Indian factories are projected to achieve revenues of 141 million yuan and net profits of 8.67 million yuan in 2024, reflecting significant growth [8]. - The company reported a 48% year-on-year increase in net profit in the first quarter of this year, indicating strong financial performance [9]. Group 4: Innovation and Market Adaptation - The company is focusing on technological innovation in the fields of new energy and wind power, with plans for mass production of new projects by 2025 [9]. - The company has implemented a five-year strategy to reduce labor and variable costs, optimizing its supply chain and cost structure [9]. - The company aims to become a leading player in the precision metal components industry, with a strong emphasis on internationalization and technological development [10].

Core Viewpoint - The company, Jinrong Tianyu, has successfully navigated complex market conditions through strategic internationalization, leading to significant growth in revenue and profit contributions from overseas operations [1][2]. Financial Performance - In 2024, Jinrong Tianyu achieved operating revenue of 1.839 billion yuan, a year-on-year increase of 20.48%, and a net profit attributable to shareholders of 76 million yuan [3]. - The net cash flow from operating activities surged by 742.77% to 181 million yuan, indicating a strong improvement in overall financial health [3]. - The company plans to distribute cash dividends of 23.43 million yuan to shareholders, reflecting its commitment to sharing growth with investors [3][4]. Internationalization Strategy - The internationalization strategy has begun to yield results, with overseas factories entering stable production phases and starting to generate profits [2][6]. - Revenue from factories in Thailand and India reached 141 million yuan and 8.67 million yuan, respectively, marking increases of 37.18% and 443.05% year-on-year [6]. Business Segments - In the electrical precision components sector, the company reported a 51.27% increase in sales of precision components for Schneider's new generation of medium-voltage gas-insulated ring main units [7]. - The automotive precision components segment saw a revenue growth of 4.04% with an increase in gross margin by 1.72% [8]. R&D Investment - Jinrong Tianyu increased its R&D expenditure to 78.87 million yuan, a rise of 13.58% from the previous year, and has accumulated 40 invention patents and 194 utility model patents [5]. - The focus on R&D is expected to enhance long-term profitability and market share, despite potential short-term profit sacrifices [5]. Sustainability and Green Growth - The company has made significant strides in sustainable practices, with renewable energy usage in production rising from 20.3% in 2023 to 35.7% in 2024 [9]. - Jinrong Tianyu has been recognized as a benchmark enterprise in green supply chain practices, enhancing its brand value and market competitiveness [9]. Future Outlook - For 2025, the company anticipates continued growth, with Q1 results showing a 10.30% increase in revenue and a 48.00% rise in net profit year-on-year [10]. - The company is expanding its international production bases in North America and Europe, which are expected to drive future revenue growth [11]. - Jinrong Tianyu plans to maintain high R&D investment and focus on optimizing its communication base station energy management systems [12].

Core Viewpoint - The company, Tianjin Jinrong Tianyu Precision Machinery Co., Ltd., focuses on precision metal components and new energy storage products, emphasizing technological innovation and strategic partnerships to enhance its market position and drive growth in various sectors, including electrical, automotive, and renewable energy [2][3][21]. Company Overview - The company is a high-tech enterprise specializing in the research, development, production, and sales of precision metal components and new energy storage products [2]. - It provides solutions in the electrical sector, automotive industry, and new energy storage, leveraging its expertise in precision mold development and manufacturing processes [2]. Business Strategy - The company is advancing an integrated equipment strategy to enhance its core competitiveness, optimizing manufacturing processes in electrical, automotive, and new energy sectors [3]. - It aligns its innovation efforts with national "dual carbon" goals and green manufacturing policies, focusing on energy management systems and lightweight automotive solutions [3]. Operational Model - The company employs an order-driven production model, closely collaborating with major clients to ensure production plans align with customer demands [5][6]. - It maintains strategic partnerships with clients in the electrical and automotive sectors, enhancing supply chain flexibility and responsiveness [6][7]. Procurement and Supply Chain - The company has established a global supply chain system, focusing on multi-source procurement and localizing supply chains in key overseas markets [7][8]. - This approach enhances operational efficiency and reduces costs, allowing the company to respond quickly to global market demands [8][9]. Production Model - The company has a comprehensive production system that includes mold development, precision stamping, and automated welding, continuously optimizing its operations through lean and digital transformation [10][12]. - It emphasizes flexibility in production to adapt to diverse customer needs, ensuring high-quality and timely delivery of products [11]. Sales Model - The company primarily uses a direct sales model targeting end customers, with a pricing strategy based on material costs and processing fees [16]. - It has successfully expanded its customer base by leveraging its strong brand reputation and technological capabilities [15]. Performance Highlights - In 2024, the company achieved revenue of approximately 1.84 billion yuan, a year-on-year increase of 20.48%, while net profit decreased by 17.66% due to increased R&D investments and market changes [21][22]. - The internationalization strategy has begun to yield results, with significant revenue contributions from overseas operations [22]. Future Growth Drivers - The company plans to enhance its product offerings in the electrical precision components sector, targeting new projects with major clients like Schneider and Siemens [25][26]. - In the automotive sector, it aims to expand its market share by developing new products for leading electric vehicle manufacturers [29]. - The new energy storage systems will focus on communication base stations and smart energy management solutions, aligning with national energy efficiency goals [31][32].