Victory Precision(SZ:002426)2025-12-02 09:24Group 1: Company Overview and Business Focus - The company specializes in precision structural components and modules for consumer electronics and automotive parts, including in-vehicle central control screens and structural components for both traditional and new energy vehicles [1][2]. - The automotive parts business is a key focus area, with stable growth and an aim to increase market share [2]. Group 2: Financial Performance - For the first three quarters of 2025, the company reported revenue of CNY 2.626 billion, a year-on-year increase of 1.11% [3]. - The net profit attributable to shareholders was a loss of CNY 73.0963 million, a decline of 155.17% year-on-year, while the net profit excluding non-recurring gains and losses was a loss of CNY 95.3541 million, reducing the loss by 29.30% [3]. Group 3: Key Drivers and Challenges - The improvement in gross margin is attributed to ongoing optimization of product structure and internal cost control measures [1]. - The main drivers for revenue growth in Q3 were stable performance in the consumer electronics sector and steady growth in the automotive parts sector [1][2]. Group 4: Research and Development - The company’s R&D investments are accounted for according to relevant accounting standards, impacting current profits based on applicable conditions [2]. - The company is actively engaged in the development of composite copper foil products, with some small orders already received and ongoing collaboration with leading enterprises [4]. Group 5: Future Outlook and Strategic Initiatives - The company plans to continue developing new products and businesses while enhancing operational management [3]. - There are no current plans for major asset restructuring or acquisitions, and the company is not at risk of being flagged for ST (special treatment) status [4].