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 Insights - Jinrong Tianyu (300988.SZ) has recently received two prestigious awards, the "Special Contribution Award" from Kurashiki Chemical and the "Sustainable Impact Award" from Schneider Electric, highlighting its excellence in technology innovation, quality control, and sustainable development [1][5]. Group 1: Awards and Recognition - The company was awarded the "Special Contribution Award" at the Kurashiki Chemical (Dalian) supplier conference for its outstanding technology, quality, joint research, and continuous cost optimization [1]. - The "Sustainable Impact Award" from Schneider Electric recognizes Jinrong Tianyu's achievements in deploying intelligent carbon reduction solutions and building a sustainable supply chain [5]. Group 2: Strategic Partnerships and Collaborations - Since 2017, Jinrong Tianyu has been supplying parts for Mazda shock absorbers and industrial machinery to Kurashiki Chemical, with plans to expand cooperation in aluminum die-casting and overseas operations [3]. - The company has maintained a strategic partnership with Schneider Electric for over 20 years, focusing on green supply chain development and sustainable practices [5]. Group 3: Technological Advancements and Innovations - Jinrong Tianyu has successfully implemented intelligent carbon reduction solutions and achieved green upgrades through lifecycle services, contributing to the concept of "new quality productivity" [3][6]. - The company has deployed rooftop photovoltaics, smart lighting systems, and energy storage systems, enhancing operational efficiency and reducing labor costs through an integrated Energy Management System (EMS) [6]. Group 4: Future Directions - The company emphasizes a commitment to innovation, quality, and green development, aiming to collaborate with more partners to drive high-quality industry growth and contribute to carbon neutrality goals [6].