威迈斯(688612) - 投资者关系活动记录表（2024-006）

Group 1: Company Performance - In the first half of 2024, the company achieved operating revenue of 206.05 million yuan, representing a year-on-year increase of 368.24% [3] - The gross profit margin for the second quarter of 2024 improved compared to the previous quarter, driven by higher overseas product margins and new product iterations [4] - The company maintained a stable overall gross profit margin level in the first half of 2024, with approximately 1 million units of vehicle-mounted power supply products and about 40,000 units of electric drive system products shipped [4] Group 2: Strategic Developments - The company has been expanding into the electric drive system sector since 2018, achieving significant partnerships with major domestic and international automotive manufacturers [3] - The construction of the Thailand production base is a crucial step in the company's "going out" strategy, with an estimated production capacity of 300,000 units per year, subject to market demand [3] - The company aims to maintain or exceed the automation level of its Wuhu Huajin factory in the new Thailand facility while controlling costs to sustain overall gross profit margins [3] Group 3: Market and Customer Insights - The company’s overseas main business revenue in the first half of 2024 was approximately 267.55 million yuan, accounting for 10.26% of the total main business revenue [4] - The company has been one of the first domestic manufacturers to export to well-known overseas automotive brands, although international political and economic changes have led to a preference for domestic settlements with overseas clients [4] - The average capacity utilization rate for the year is around 80%, reflecting normal operational efficiency [5] Group 4: Financial Management - In the first half of 2024, the company did not discount received bank acceptance bills, opting instead to endorse them to suppliers, which affected cash flow [5] - The company reported a good customer settlement situation with a high accounts receivable turnover rate, indicating stable overall operations [5]