震裕科技(300953) - 300953震裕科技投资者关系管理信息20250519

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 components, with a focus on high-tech capabilities [1] - 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% [2] - For Q1 2025, the company reported a revenue of CNY 1.793 billion, representing a year-on-year growth of approximately 24.24% [2] Group 2: Business Segments and Growth Drivers - Revenue from lithium battery components reached CNY 4.24 billion in 2024, a year-on-year increase of 30%, while motor core revenue declined by about 12% [2] - The company’s mold revenue was CNY 416 million, showing a year-on-year growth of approximately 33% [2] - The company expects continued growth in various business segments in 2025, driven by domestic economic growth [4] Group 3: Investment Risks and Market Outlook - The establishment of a subsidiary for humanoid robots is part of the company's strategy, but the emerging industry may face long development cycles and significant investment risks [1] - The company acknowledges that the growth in the humanoid robot sector is currently small and may contribute minimally to overall revenue in the short term [3] - The company has noted that the increase in accounts receivable is due to a major client's change in payment methods, which will be managed to mitigate risks [2] Group 4: Operational Efficiency and Future Projections - The company has implemented refined management practices leading to cost reductions and efficiency improvements, despite a decrease in employee numbers [2] - The operational cash flow has been negative in recent years due to increased competition in the electric vehicle sector, but improvements are expected in 2024 and Q1 2025 [2] - The company plans to enhance production lines for planetary roller screws and linear actuators, with expectations of increased automation and efficiency [3]