Industry Overview - The light commercial refrigeration equipment industry in China has a diverse range of products with varying quality, leading to different product tiers [2] - Major manufacturers require high standards for core components, including design, heat exchange capacity, quality, and service, which creates significant barriers to entry [3] Company Performance - In 2023, the company's main business revenue reached CNY 980 million, a year-on-year increase of 21.16%, with net profit at CNY 119 million, up 41.63% [3] - The first quarter of 2024 saw main business revenue of CNY 278 million, a year-on-year growth of 28.97%, and net profit of CNY 39 million, increasing by 53.18% [3] Supplier and Material Management - Key raw materials include copper pipes, aluminum pipes, and aluminum strips, which constitute a significant portion of product costs [3] - The top five suppliers are reliable and provide stable service, ensuring normal operations for the company [3] - Since March 2024, the price of raw materials, particularly electrolytic copper, has risen sharply, prompting the company to monitor price trends and lock in prices to mitigate risks [3] Strategic Partnerships - The company has collaborated with Changan Automobile for many years, focusing on automotive air conditioning system pipelines, with several models already in mass production [3] Future Projects - The cold chain logistics system's eco-friendly heat exchanger and smart module industrialization project is expected to be fully completed and reach designated production capacity by May 2025 [4]
同星科技(301252) - 2024年5月16日投资者关系活动记录表