Dare Auto(300473)2024-12-23 03:10Company Overview - Del Automotive Parts Co., Ltd. is a comprehensive automotive parts system supplier with strong R&D innovation capabilities and market expansion abilities [1] - The company has established long-term stable partnerships with major clients such as Mercedes-Benz, BMW, Stellantis, Volkswagen, SAIC, Geely, and Great Wall [1] - The product range includes noise reduction (NVH), thermal insulation, lightweight products, electric pumps, motors, and electronic control components [1] Financial Performance - The company's overseas revenue accounts for over 70%, primarily from its wholly-owned subsidiary in Germany [4] - In 2023, the company achieved a total revenue of 4.299 billion yuan, a year-on-year increase of 6.54%, with a net profit of 128.8 million yuan, up 3.53% [4] - For the first three quarters of 2024, the company reported an operating income of 3.383 billion yuan, a year-on-year increase of 120.45% [4] Product Development - The company is actively advancing the development of new energy vehicle-related products and has successfully developed a hydraulic retarder, which has been supplied to several well-known automotive manufacturers [4] - The self-developed solid-state battery technology has completed laboratory testing and is set to be applied in electric vehicles, drones, robots, and power tools [2][4] Market Potential - The hydraulic retarder can significantly reduce brake distance and improve safety for commercial vehicles, with potential reductions in PM10 emissions from 95.06 kg to 19.01 kg for heavy trucks [5] - The solid-state battery technology is expected to have a strong market value, with the company establishing a strategic cooperation agreement with Jiangxi Jiangling New Energy Vehicle Co., Ltd. [4][5]