Delian Group(SZ:002666)2025-05-07 12:56Group 1: Industry Growth and Opportunities - The rapid development of the new energy vehicle (NEV) industry in 2024 presents significant growth opportunities for the company's automotive fine chemicals business, supported by strong policy backing [1] - The demand for adhesives is increasing due to the automotive lightweight trend, while the upgrade in thermal management is driving the demand for cooling liquids [2] Group 2: Brand Influence and Strategic Planning - The company plans to enhance brand influence through technology-driven brand upgrades, increased R&D investment, and a focus on differentiated advantages in automotive fine chemicals [3] - Strengthening customer cooperation and participating in industry standard formulation are key strategies to enhance brand credibility [3] Group 3: Financial Performance and Market Stability - The company reported that fluctuations in automotive brand sales may exert short-term pressure on revenue, but a diversified customer base mitigates risks associated with reliance on single clients [9] - The company serves over 50 traditional automotive manufacturers and more than 20 new energy brands, with the proportion of new energy customers increasing annually [9] Group 4: International Expansion and Market Development - The company is establishing a wholly-owned subsidiary in Thailand to serve global automotive supply chain needs, with future evaluations of opportunities in other regions based on customer demand and policy environment [5][6] - The automotive aftermarket is expanding due to the increasing number of vehicles, with the company adopting a B2B2C model to integrate original parts resources and establish a nationwide service network [11][12] Group 5: Research and Development Focus - The company is investing in R&D for core chemicals and intelligent materials related to NEVs, including new energy cooling liquids and battery adhesives, to meet the rising technical requirements of the automotive industry [7] - Collaborations with academic institutions and adherence to national standards are part of the strategy to enhance technological reserves [7]