NRB CORPORATION(SZ:002708)2025-04-29 09:44Financial Performance - In 2024, the company achieved revenue and profit growth, driven by the strategy of domestic substitution and the development of new energy businesses [1] - The automotive parts business capacity is gradually being released, contributing to rapid growth and competitiveness [1][4] - The gross profit margin increased year-on-year due to effective cost control measures and a focus on core supply chain strategies [2][4] Strategic Initiatives - The company plans to deepen strategic collaboration with key customers and develop high-tech integrated products to explore emerging markets such as smart electric vehicles and robotics [2][3] - Continuous investment in R&D is aimed at enhancing product competitiveness and supporting the transition towards high-end, electric, intelligent, and lightweight products [3][4] - The company is actively pursuing digital transformation and internal management optimization to improve operational efficiency [2] Market Position and Competition - The bearing industry is experiencing increased concentration, with the company focusing on technological innovation to meet customer demands and enhance market competitiveness [3][6] - The company is addressing competitive pressures by strengthening customer relationships and maintaining a focus on innovation across various domains [6] Employee Engagement and Incentives - The 2025 employee stock ownership plan was approved, with a purchase price set at 6.46 RMB per share, aimed at aligning employee incentives with company performance [3] - Performance assessment criteria are established to ensure that employee incentives are linked to both company and individual performance metrics [3] Future Outlook - The company is optimistic about the growth potential in the automotive and intelligent robotics sectors, despite facing challenges [6] - Plans for capacity expansion and market diversification are in place to ensure sustainable development [6]