Company Overview - Ningbo Zhenyu Technology Co., Ltd. specializes in the R&D, design, production, and sales of precision progressive stamping molds and downstream precision structural components [1] - The company has established a development strategy framework of "one body, two wings, and four dimensions" [1] Financial Performance - In the first three quarters of 2024, the company achieved revenue of CNY 5.015 billion, a year-on-year increase of approximately 17.3% [2] - The net profit attributable to shareholders reached CNY 172 million, up about 214% year-on-year [2] - The net profit after deducting non-recurring gains and losses was CNY 157 million, a year-on-year increase of approximately 495% [2] - The company expects to achieve a net profit attributable to shareholders of CNY 220 million to CNY 280 million for the full year of 2024 [2] Emerging Industry Development - The company has established a subsidiary focused on the design and manufacturing of precision components for humanoid robots, leveraging its global leading technology in ultra-precision mechanical parts [1] - The growth of emerging industries typically involves long development cycles, with initial revenue contributions being relatively small [1][3] - The company acknowledges the significant investment risks associated with technology R&D, process improvement, equipment selection, and team building in the early stages of new industry development [1] Production Capacity and Technology - A semi-automatic production line for planetary roller screws has been established, with a daily capacity of 50 sets [4] - The company plans to build a second semi-automatic production line expected to be operational in Q1 2025 [4] - A fully automated production line for screws is also planned to enhance mass production consistency and stability [4] Market Outlook and Risks - The company views the robotics industry as a long-term growth opportunity, comparable to the new energy vehicle industry [3] - Despite the optimistic outlook, the company warns of significant uncertainties in industry development and business expansion [3][6] - The contribution of the humanoid robot components to the company's overall performance is expected to be minimal in the short term, as the industry is still in its infancy [3][6] Lithium Battery Sector - The company anticipates that its sales revenue from lithium battery structural components will grow faster than the overall market for lithium batteries in 2025 [7] - Continuous improvements in production line automation and supply chain optimization are planned to enhance profitability in this sector [7]
震裕科技(300953) - 300953震裕科技投资者关系管理信息20250304