Sichuan Haowu Electromechanical (SZ:000757)2024-05-14 10:46Group 1: Financial Performance - The company reported a significant decline in net profit for 2023, leading to losses due to factors such as insufficient domestic consumption and increased penetration of new energy vehicles [3][4]. - As of May 10, 2024, the number of shareholders was 29,680 [3]. - The company aims to achieve a revenue of 3.503 billion yuan in 2024 [5]. Group 2: Strategic Initiatives - The company will implement a "one body, two wings, three new" strategic layout to enhance existing business transformation and optimize operational structure [3]. - Plans to expand into the automotive sales and service sector, focusing on optimizing dealership brand structure and increasing the profit contribution from after-sales services [3][4]. - The company is actively seeking partnerships with mainstream new energy vehicle manufacturers and will expand sales of new energy models based on market conditions [5][6]. Group 3: Investor Relations and Confidence - The company will not distribute cash dividends or issue bonus shares due to negative retained earnings, but it is committed to improving operational performance and maintaining investor confidence through share buybacks [4][5]. - The management emphasizes the importance of protecting the rights of shareholders and creditors, and fulfilling social responsibilities in various areas [4][5]. Group 4: Market Challenges and Opportunities - The automotive industry is facing intensified competition and market changes, prompting the company to adapt to consumer preferences and government policies [5][6]. - The company plans to leverage its market share advantage to expand production and sales of new energy vehicle components [6].