Eontec(SZ:300328)2025-04-29 09:48Group 1: Company Overview and Financial Performance - In 2024, the company achieved a revenue of 1.65 billion, with major contributions from magnesium products (707 million), aluminum products (576 million), liquid metal (123 million), organic silicone (101 million), and molds (65 million) [1] - The net profit attributable to shareholders was 1.0055 million [1] - Revenue and profit declined due to three main factors: price reductions by electric vehicle manufacturers, increased safety production investments, and significant asset disposal losses from phasing out outdated equipment [2] Group 2: Product Pricing and Profitability Measures - The company’s product prices are significantly affected by raw material price fluctuations; adjustments are made if price changes exceed agreed limits with customers [2] - To improve profitability, the company focuses on cost reduction and efficiency enhancement through R&D, technology innovation, lean production, and smart manufacturing [2] Group 3: Liquid Metal Product Insights - Liquid metal, or amorphous alloy, offers superior properties such as high strength, hardness, and corrosion resistance, with applications in consumer electronics, automotive parts, medical devices, and sports equipment [3][5] - In 2024, liquid metal revenue reached 123 million, marking a year-on-year growth of 16.41%, with higher overall gross margins compared to magnesium and aluminum alloys [5] Group 4: Subsidiary Performance and Management - The company holds a 60% stake in its subsidiary Yihai Metal, with other shareholders including Hong Kong Liquid Metal Co. (16%) and Shenzhen Yiding Materials Partnership (16%) [6] - Two subsidiaries, Chao Hu Yian Yunhai and Zhuzhou Yian Precision, reported losses in 2024 due to price drops in automotive parts and asset depreciation; the company has strengthened management and performance assessments for these subsidiaries [6] Group 5: External Factors and Future Focus - The impact of U.S. tariffs on the company is minimal, as direct exports to the U.S. account for a small percentage of total revenue; the company will monitor tariff changes and maintain communication with clients [7] - The company’s short-term focus will be on automotive parts, liquid metal, and biodegradable medical magnesium products [8]