Jiangsu Bojun Industrial Technology (SZ:300926)2025-11-04 09:52Company Overview - Jiangsu Bojun Industrial Technology Co., Ltd. was established in 2011, focusing on the R&D, design, production, and sales of automotive precision components and molds [2][3] - The company provides a one-stop automotive parts solution, covering various systems such as steering, power, doors, sunroofs, electronics, interiors, and seating [3] Client Relationships - Established strategic partnerships with renowned manufacturers including Geely, Changan, BYD, and Magna [3] - The top five clients are all major manufacturers, with sales revenue concentration decreasing in Q3 [4] Production Capacity and Expansion - New production capacities include: - Changzhou Bojun Phase II, producing hot-formed and integrated die-casting parts, completed and operational [4] - Guangdong Bojun, producing body parts, completed and operational [4] - Changzhou Bojun Phase III, expected to be completed in Q3 2026, focusing on body parts and integrated die-casting [4] - Kunshan automotive parts and precision molds project, expected completion in Q4 2026 [4] - Jinhua Bojun, expected completion in Q3 2026, focusing on body parts and integrated die-casting [4] Financial Performance - The company reported negative operating cash flow due to significant investments in new factories and projects, leading to increased material and personnel costs [5] - Q3 operating cash flow improved by over 70 million compared to Q2, with expectations for continued improvement as new projects stabilize [5] Market Expansion - The company is exploring opportunities in other industries, such as robotics, while focusing on its core business [5] - Plans to expand product categories based on client needs and market demand [5]