Huada(603358)2024-11-04 07:58Group 1: Customer Development - The company is focusing on expanding its customer base, particularly targeting leading independent and new energy clients as the market share of joint venture brands declines in the Chinese passenger car market [1] - The company's revenue growth in the first three quarters is in line with the domestic passenger car sales growth, with a slight increase in gross margin year-on-year, indicating positive progress in its customer transformation strategy [1] - Recent announcements indicate the acquisition of new order projects, with total sales exceeding 10 billion yuan, and the company plans to continue deepening its strategic customer development [1] Group 2: Mergers and Acquisitions - The company plans to acquire 100% equity of Jiangsu Hengyi through a combination of issuing shares and cash payment, with the decision made during the 13th meeting of the fourth board of directors on December 25, 2023 [1] - Upon completion of this acquisition, the company will hold stakes in Yibin Chenda New Energy Industry Investment Partnership and Ningbo Meishan Free Trade Port Zone Chaoxing Venture Capital Partnership [1]