蓝黛科技20250710

Summary of BlueDai Technology Conference Call Company Overview - Company: BlueDai Technology - Date: July 10, 2025 Key Points Share Transfer and Strategic Partnership - BlueDai Technology's controlling shareholder plans to transfer 18% of shares to state-owned BoRui Capital, aiming to inject stability and resources into the company, particularly in the automotive and touch display sectors, with a transaction price set at a 10% discount to the closing price [2][4][6] - The company maintains operational stability, with Mr. Zhu Junhan continuing to lead the team, focusing on business development in both Chongqing and Ma'anshan [2][4] Business Development and Market Position - BlueDai Technology is expected to benefit from industrial empowerment and synergy effects through cooperation with state-owned enterprises, especially in the Ma'anshan region, which has advantageous resources for new energy vehicle clients [2][7] - The automotive and digital display businesses are experiencing steady growth, with plans to launch robotics-related operations in 2024, receiving positive market feedback [2][8] Financial Projections - For 2025, BlueDai Technology anticipates automotive transmission revenue of approximately 2.3 billion RMB and touch display revenue of about 2 billion RMB, with gross margins of around 16% and 12% respectively [2][18] - The company plans to produce 50,000 to 100,000 sets of robotic joint modules, with order expectations ranging from 50,000 to 80,000 sets [2][18] Regional Focus and Government Support - The choice to collaborate in Ma'anshan is based on its geographical advantages and the long-standing cooperation with the local government, which has provided substantial support [3][4] - The partnership with state-owned capital is seen as a strategic move to expand market opportunities and enhance business stability [7][10] Operational Stability and Management - The transfer of shares will lead to changes in the controlling shareholder but will not disrupt the company's operational stability, with the existing management team remaining in place [4][14] - The company emphasizes maintaining a stable core management team and may consider equity incentives to align interests post-transaction [16] Robotics and Production Capacity - BlueDai Technology's robotic joint module assembly capacity can reach approximately 200,000 sets annually, with current reducer assembly at about 50,000 sets [4][19] - The company is exploring expansion plans to meet the demand for robotic joint modules, with potential new projects on the horizon [19][29] Market Trends and Customer Relationships - The touch display business has shown recovery after facing challenges, with expectations for improved profitability in 2025 due to product structure optimization [17][18] - BlueDai Technology has established good business relationships with clients like SaiLiSi, focusing on electric drive systems and precision gears, while also engaging in sample trials for robotics [22][23] Future Outlook - The introduction of state-owned capital is expected to positively impact BlueDai Technology's growth trajectory, with a focus on maintaining existing business while exploring new opportunities [33] - The company is optimistic about its performance in the coming years, leveraging its strategic partnerships and market positioning to drive growth [33]