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].