Group 1: Company Overview and Financial Performance - Ningbo Zhenyu Technology Co., Ltd. specializes in the R&D, design, production, and sales of precision progressive stamping molds and downstream precision structural components [3] - In 2024, the company achieved a revenue of CNY 7.129 billion, a year-on-year increase of approximately 18.45%, and a net profit attributable to shareholders of CNY 254 million, up about 494% [3] - For Q1 2025, the company reported a revenue of CNY 1.793 billion, a year-on-year growth of approximately 24.24% [3] Group 2: Business Segments and Growth - Revenue from lithium battery structural components grew by 30% year-on-year, with a gross profit margin increase of 42.4% [3] - The motor core segment saw a revenue decline of approximately 12%, but gross profit increased by 2.41% [3] - The mold segment's revenue increased by about 33% year-on-year, with a gross profit margin rise of 4.97% [3] Group 3: Strategic Initiatives and Future Outlook - The company plans to enhance production line automation and expand its customer base to achieve scale benefits [3][4] - A focus on R&D investment to develop new products and improve gross margins is part of the strategic plan [3] - The company aims to establish a subsidiary to focus on precision components for emerging fields like humanoid robots, despite the long development cycles and associated risks [3][11] Group 4: Risk Management and Market Conditions - The company acknowledges the risks associated with the long development cycles in emerging industries and the need for significant investment in technology and team building [3] - Recent changes in payment methods from a key customer have led to an increase in accounts receivable, which the company plans to manage more effectively [5] - The impact of recent tariff increases on the company's business is minimal, as direct export revenue has been low, accounting for 1.9%, 2.96%, and 2.22% over the past three years [5] Group 5: Shareholder Returns and Profit Distribution - The company has consistently returned at least 10% of its net profit to shareholders as cash dividends in recent years [5] - A proposal for a stock split of 10 shares for every 4 shares is under consideration to enhance stock liquidity [5]
震裕科技(300953) - 300953震裕科技投资者关系管理信息20250429