Recodeal(SH:688800)2024-12-04 08:52Group 1: Company Overview - Suzhou Ruikeda Connection System Co., Ltd. specializes in the R&D, production, sales, and service of connectors, recognized as a national "little giant" in specialized and innovative enterprises [2][3] - The company has a complete product supply chain, including connectors, components, and modules, and is capable of developing and producing optical, electrical, microwave, high-speed data, and fluid connectors [2][3] Group 2: Market Presence - The company has successfully supplied major domestic and international automotive manufacturers, including Changan Automobile, NIO, SAIC Group, and others, as well as overseas clients like T Company, Daimler, and Jabil [3] - In the energy storage connector sector, the company collaborates with clients in commercial and residential energy storage, serving notable customers such as CATL and Trina Solar [3] Group 3: Industry Trends and Future Focus - The connector industry is experiencing steady growth, particularly in China, driven by technological advancements and increasing demand [4] - Future development focuses include AI and 6G-related product research, new energy vehicle R&D, and advancements in robotics and medical fields [4] Group 4: Financial Performance - The company faced pressure on gross margins in the first half of the year due to rising raw material costs, but has seen a recovery in the third quarter as copper prices fell [5] - The overseas market revenue is expected to increase as production capacity at overseas factories gradually rises [4][5] Group 5: Product Development - The company is advancing projects in AI and data center applications, developing high-speed connectors and components for these sectors [5] - In the automotive sector, the company is expanding its client base for intelligent vehicle products, which include various high-speed data transmission systems [5]