Nantong Chaoda Equipment (301186)2024-12-10 09:56Group 1: Company Overview - Nantong Chaoda Equipment Co., Ltd. is a leading domestic supplier of automotive interior and exterior molds, focusing on mold design and manufacturing as its core business [1][2]. - The company aims to become a significant global research and manufacturing base for automotive interior and exterior molds and non-standard equipment [3]. Group 2: Market Expansion - The company has established wholly-owned subsidiaries in Germany and the United States to enhance international market development and provide better technical support to clients in Europe and America [3]. - A planned overseas investment project in automotive interior and exterior molds and packaging materials molds has a total investment of approximately RMB 150 million, with a construction period of 3 years [3]. Group 3: Technological Advantages - The company is a key player in the EPS and EPP foam mold industry, recognized for its technological standards and has received multiple honors, including being named a "National Intellectual Property Demonstration Enterprise" [3][5]. - The company has developed a standardized technical system for mold manufacturing, which improves design efficiency and reduces production costs [5]. Group 4: Financial Performance - In 2023, the company's R&D expenses amounted to RMB 39,365,075.53, accounting for 6.28% of total revenue [5]. - The company achieved a total revenue of RMB 627,172,485.57 in 2023, with the revenue breakdown as follows: molds (57.17%), automotive inspection tools (10.03%), and automation equipment (26.92%) [8]. Group 5: Client Relationships - The company maintains long-term stable relationships with major clients, including well-known automotive suppliers both domestically and internationally [7]. - The client acquisition process involves a thorough evaluation and gradual development into stable partnerships [7]. Group 6: Supply Chain Management - The company has established a supplier evaluation system to ensure stable raw material supply and reduce procurement risks [7]. - It typically maintains three or more qualified supply channels for similar raw materials to mitigate potential supply chain disruptions [8].