Company Overview - The company was established in 2011 and is located in Huzhou Anji, focusing on the R&D, production, and sales of high-voltage power systems for electric vehicles and non-vehicle applications [1] - Main products include vehicle-mounted high-voltage power systems, liquid-cooled ultra-fast charging power modules, and smart DC charging power modules, catering to the power needs of new energy vehicles [1] Market and Revenue - In 2024, overseas revenue is expected to account for approximately 6.8%, increasing to over 17% in the first half of 2025 [2] - The company’s R&D headquarters is in Hangzhou, with a second manufacturing base in Anji that began production in the first half of 2025 [2][3] Financial Performance - The gross margin for the vehicle-mounted power business in the first half of 2025 was 20.23%, showing a decline compared to the same period last year due to competitive pricing pressures and supply chain cost impacts [4] - The company is implementing strategies to stabilize gross margins through technological cost reduction and supply chain collaboration [4] Customer Management - Credit policies vary based on customer cooperation duration, performance, and industry reputation, with domestic customer credit periods typically ranging from 30 to 90 days [5] Capital Strategy - The company is exploring various capital operation methods, including a targeted issuance of shares to enhance capital strength for business expansion and strategic layout [6][7] - A cautious approach is maintained regarding investments in new technologies and business scenarios, with no current products or solutions in other fields [7]
富特科技(301607) - 2025年9月10日投资者关系活动记录表