SIASUN(SZ:300024)2024-05-22 01:12Financial Data and Key Metrics Changes - The company is currently constructing a factory in Thailand with a total investment of 500 million RMB, expected to be completed by September 2025 [1] - The company's stock price has shown a decline of 1.09% recently [5] Business Line Data and Key Metrics Changes - The company's new energy thermal management products include electronic water pumps and thermal management systems, with over 120 new energy customers established for supply [14] - The company has maintained a leading market share in the automotive water pump sector [19] Market Data and Key Metrics Changes - The company has expanded its product applications to the drone sector, indicating diversification into non-automotive markets [20] Company Strategy and Development Direction - The company is focusing on expanding its product offerings in the non-automotive sector, including applications in charging stations, 5G base stations, and AI [19] - The company is also involved in the semiconductor industry through its stake in Shenzhen Chuangcheng Microelectronics, which specializes in chip design [2] Management Comments on Operating Environment and Future Outlook - Management has indicated a strong focus on digitalization and green development as part of their strategic direction [21] - The company is exploring strategic partnerships with battery manufacturers, including Tesla, to enhance its energy storage business [21] Other Important Information - The company has established a partnership with Shaanxi Thunder God Intelligent Equipment Co., which is involved in the development of intelligent control systems and drones [9] - The company has received significant project approvals and contracts, indicating a robust pipeline for future revenue [4] Q&A Session Summary Question: What is the company's outlook on the new energy market? - The company has established connections with numerous new energy clients and is optimistic about future growth in this sector [14] Question: How is the company addressing the challenges in the semiconductor industry? - The company is increasing its investment in third-generation semiconductors and has developed a complete technology chain for GaN devices [11]