RAYHOO MOTOR DIES(SZ:002997)2025-04-10 10:34Group 1: Company Independence and Governance - The company emphasizes its independence in business, personnel, assets, organization, and finance, and will strengthen its independence from the controlling shareholder to protect minority shareholders' rights [1] - The company adheres to the "Five Independences" principle in corporate governance to ensure healthy development [1] Group 2: Industry Outlook and Competition - The automotive industry is expected to continue growing, particularly with the rapid development of China's new energy vehicle sector, although competition will intensify and industry concentration will increase [2][3] - Companies with strong technological innovation and operational management capabilities will be more competitive [2][3] Group 3: Customer Concentration and Risk Management - The company is actively expanding its customer base to reduce reliance on a few major clients, which can lead to revenue fluctuations [2][4] - The company is aware of the risks associated with customer concentration and is taking steps to mitigate them [4] Group 4: Research and Development - As of the end of 2024, the company has 557 R&D personnel, accounting for 20.51% of its workforce, and is focused on talent development through partnerships with universities and training programs [2] - The company invested CNY 119.25 million in R&D in 2024, focusing on key technologies such as high-end automotive body equipment and lightweight components [3] Group 5: Financial Performance and Market Response - The company reported a revenue of CNY 2.424 billion in 2024, with exports to North America accounting for 0.63% of total revenue [6] - The company is committed to improving investor returns through increased cash dividends while ensuring sustainable business operations [5][6] Group 6: Supply Chain and Material Costs - The company primarily sources electronic components domestically, minimizing the impact of U.S. tariffs on material costs [3][4] - The company employs a "sales-driven production" model to manage the relationship between procurement and sales contracts, mitigating the effects of raw material price fluctuations [3][4] Group 7: Future Strategies and Market Expansion - The company plans to continue investing in lightweight components and expand its business scale in response to market opportunities [6] - The company is monitoring international trade policies to optimize its overseas business operations [6]