SANYOU CORP.(300932)2024-11-28 12:53Company Overview - Sanyou Lianzhong Group Co., Ltd. is a high-tech enterprise specializing in the R&D, manufacturing, and sales of relays, ranking second in domestic relay sales according to the China Electronic Components Industry Association [1][2] - The company has a comprehensive service system covering technology R&D, mold development, manufacturing, and after-sales service [1] Core Competencies - The company has strong R&D capabilities, stable product quality, and a complete service system, making it a leading relay manufacturer in China [2] - It has been recognized as one of the top 100 electronic component companies in China for eight consecutive years and has ranked second in relay sales for the same duration [2] - Key competitive advantages include R&D and technological innovation, product cost-effectiveness and quality, manufacturing, customer resources, management team, brand, and corporate culture [2] Sales and Market Performance - The proportion of overseas sales has gradually increased, with overseas revenue accounting for 21.57% of total revenue in 2023, primarily from the power and home appliance sectors [2][3] - Overseas revenue grew by 2.94% in 2023 compared to 2022, with significant progress in markets such as India and Europe [3] R&D Investment - R&D investment as a percentage of revenue has been on the rise, reaching 5.69% in 2023, focusing on various relay products [3][4] Strategic Goals - Over the next three years, the company aims to strengthen its core relay segments while developing new profit centers in automotive, renewable energy, photovoltaic, and storage relays [4] - Plans to establish sales companies in key overseas relay markets to significantly increase overseas sales and market share [4] - The company will enhance its capabilities in intelligent equipment R&D and manufacturing, exploring automated and digital production models [4]