FULIN. PM(300432)2025-04-29 23:34Financial Performance - In 2024, the company achieved an operating revenue of CNY 8.47 billion, a year-on-year increase of 47.02% [3] - The net profit attributable to shareholders reached CNY 397 million, up 173.11% year-on-year [3] - The net profit after deducting non-recurring gains and losses was CNY 320 million, reflecting a growth of 149.32% [3] - In Q1 2025, the company reported an operating revenue of CNY 2.70 billion, a year-on-year increase of 80.30% [3] - The net profit attributable to shareholders for Q1 2025 was CNY 124 million, a significant increase of 211.85% [3] Business Segments - The automotive parts segment generated CNY 3.64 billion in revenue, a growth of 23.28% [3] - The lithium battery cathode materials segment achieved CNY 4.83 billion in revenue, marking a 71.99% increase [3] - The company’s electric drive systems and intelligent thermal management systems for new energy vehicles are rapidly increasing in volume and contributing to performance [3] Market Trends and Strategies - The demand for high-performance lithium iron phosphate (LFP) materials is rising, particularly for fast-charging applications [4] - The company is focusing on expanding its production capacity for high-density LFP materials, with plans to increase effective capacity from 215,000 tons to 300,000 tons [18] - The company is actively engaging in the intelligent robotics sector, developing key components such as precision reducers and electric joints [5][6] Partnerships and Collaborations - A joint venture was established with Zhiyuan Robotics to develop humanoid robot applications, leveraging both parties' strengths [7] - The company is expanding its customer base in the robotics field, aiming for large-scale production and market adaptation [6][7] Future Outlook - The company aims to enhance its capabilities in the intelligent robotics sector and expand its market share in the new energy vehicle components market [18] - The focus will remain on technological innovation and product upgrades to meet the evolving demands of high-end battery manufacturers and automotive OEMs [14][15] - The company plans to strengthen its supply chain and reduce production costs to improve profitability [18]