ECHOM(SZ:002420)2024-08-02 10:38Business Strategy - The company plans to focus on the automotive, new energy, medical health, and home appliance sectors in the next 3-5 years, deepening strategic cooperation with related enterprises [2] - A new production base was established in Anqing in June 2024 to meet the increasing business demands of well-known automotive manufacturers [2] - The company has become a core partner among domestic micro-suppliers in the battery supply chain through intelligent strategies [3] New Energy Sector - The company has three product line directions in the new energy sector: new energy vehicles, cooling systems for new energy vehicles, and energy storage business, expecting better growth in 2024 [3] - The energy storage segment is projected to achieve approximately 10% growth [4] Competitive Advantages - The company possesses leading industrial design and manufacturing capabilities, allowing for quick responses to customer needs [3] - Strong customer resources include partnerships with major companies like Sunshine Power, Guoxuan High-Tech, and CATL, with multiple projects secured [3] - The company has developed capabilities in automotive interior and exterior components, including the first lightweight bumper and exterior parts for well-known new energy brands [3] Financial Health - The company has nearly 200 million in cash reserves, sufficient to meet daily operations and development needs [4] - The company has advantages in bank financing, which helps optimize operational efficiency [4] Future Development - The company plans to solidify its capabilities in the automotive, new energy, medical health, and home appliance sectors over the next two to three years, with potential for future acquisitions when conditions allow [4]